The invasion is now one of the largest headwinds anticipated to drag down revenue this quarter.
that it suspended some functions like investment in facilities in Russia but is “focused on producing essential items, specifically baby diapers and feminine pads, which are critical to the health and hygiene of women, girls and babies.”
The $10 million anticipated loss was disclosed as just one part of a number of factors forcing Match Group to revise its revenue guidance downward for the remainder of 2022. In terms of impact on paying users, the company said it expected to lose 200,000 paying users in the second quarter as a result of the ongoing invasion and Match Group’sThe revenue loss from the invasion overshadows the $6 million Match Group anticipates losing in the second quarter due to changes to Google’s app store.
“We need to see actual results of implementation of the policy change to be sure of the precise impact,” Swidler said.
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