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Fits Group’s price method is creating output in terms of cash growth, hence, along side proceeded rates manage, created doing work power and you may introduced a remarkable 3rd one-fourth. Third-one-fourth efficiency shown proceeded strength of your Tinder software and its brand and then adoption and you can increased monetization of your Rely app. Fourth-quarter pointers is actually unsatisfactory, albeit due primarily to money headwinds and you may has just heightened geopolitical tensions. Match’s very first 2024 revenue progress frame of mind was at line with these presumption. Once cutting our very own lengthened-title money projections and you may margin presumptions-even as we expect the latest slim-moat corporation to sell the apps even more aggressively next year and you can beyond-we are lowering our very own fair well worth estimate to $65 for each share from $70. …