Match Group reported a higher second-quarter profit, but revenue saw a slight decrease, primarily due to underperformance at Tinder. The dating app company anticipates another sales decline in the current quarter, although its profit outlook surpassed Wall Street expectations.

Overall revenue for the Los Angeles-based company fell 1% to $853.1 million, falling short of analyst estimates of $857.8 million. Tinder, Match's largest app, experienced a 1% revenue drop to $457.5 million. This decline was attributed to a decrease in paying users and challenges arising from user experience tests and product modifications.

Despite the overall revenue dip, Hinge demonstrated continued strength, helping to partially offset Tinder's sluggish results. The company's performance highlights ongoing challenges in monetizing its user base, particularly within its flagship dating application, Tinder.