Tinder owner Match Group is slowing hiring to pay for its increased use of AI tools | TechCrunch

Image for article Tinder owner Match Group is slowing hiring to pay for its increased use of AI tools | TechCrunch
News Source : TechCrunch

News Summary

  • Match Group’s revenue was $864 million in the first quarter, up 4% year-over-year.
  • monthly active users declined by 7% in March compared with the far-steeper 10% drop a year ago.
  • Tinder registrations also grew for the first time since 2024, but by a mere 1%, as Bloomberg pointed out.
  • Match Group is aware of this significant shift and says it's pivoting to address the challenge by increasing the number of its own IRL events.
You might think the big story out of Match Groups firstquarter earnings is Tinders turnaround. The dating apps revenue is slightly up again after quarterafterquarter of declines. But wed lik [+3801 chars]

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