Match rises on higher-than-expected quarterly revenue view, plan to lay off 13% of workforce

Tinder parent Match Group's MTCH.O shares rise 4% to $31.59 premarket

Co on Thursday forecast second-quarter revenue between $850 and $860 million, above analysts' average estimate of $846.7 million - data compiled by LSEG

MTCH said it will reduce 13% of its workforce to cut costs, as co plows ahead with business revamp plan

Q1 revenue per paid user increased to $19.07 from $18.87 a year ago

Revenue for quarter ended March 31 declined 3% to $831 million, beating estimates of $827.5 million

Up to last close, stock had fallen 7.1% YTD