Consumer Discretionary ImpactThe worsening consumer discretionary macro is starting to impact Tinder among younger users.
Revenue And Growth ExpectationsThe stock has faded after the print, which is attributed to slower-than-expected Tinder growth, recent macro-led ALC weakness, lack of margin upside from the cost reduction, and negative investor sentiment.
User TrendsContinued Tinder declines, characterized as largely unintentional, have pressured the share price.