Tinder-parent Match Group reports quarterly revenue below estimates

May 2 (Reuters) - Tinder-parent Match Group on Tuesday reported lower-than-expected revenue for the first quarter, as consumers crimped spending on dating apps amid a looming recession.

Many users who turned to online dating in droves during the pandemic have reverted to traditional forms of meeting people as restrictions eased, causing a slowdown of user additions in the sector.

The company said negative foreign exchange impact in the reported quarter was $35 million, $7 million more than it had anticipated in its fourth-quarter earnings call.

Match Group said it saw paying users across its family of dating apps fall 3% from a year earlier to 15.9 million.

The company reported revenue of $787 million in the three-month period ended March 31, compared with analysts' average estimate of $793.8 million, according to Refinitiv. (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)