11:21 AM EDT, 05/09/2025 (MT Newswires) -- Match Group ( MTCH ) faces monthly active user headwinds amid currency tailwinds, Oppenheimer said in a Thursday report.

The report said Tinder+Hinge payers fell 3% year-over-year in Q1 versus a drop of 2% in the previous quarter.

Oppenheimer said it increased its fiscal 2025 payers estimates 1% while lowering its forecast 1% for fiscal 2026.

"Keeping FY25E total revenue largely unchanged while decreasing FY26E total revenue 3% as we assume Tinder will not return to growth unless MAU trends improve," the report said.

Oppenheimer kept its perform rating on the stock.

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