Match Group Revises Revenue Forecasts Amid Currency Challenges

• Match Group Inc. has lowered its fourth-quarter revenue forecasts, citing currency impacts, disappointing investors.
• The company announced a cash dividend program and authorized $1.5 billion in new share buybacks, aiming to return 100% of free cash flow to shareholders over the next three years.
• Shares of Match fell 3.8% in premarket trading as the firm seeks to improve user experience over monetization.

Source: Bloomberg