LINKEDIN – In a CNBC interview, Match Group CEO Spencer Rascoff said Tinder remains the number one dating app in 166 countries and is too important to the company’s revenue and profitability not to return to growth. He said Tinder’s key metrics were previously declining by ~10% and more YOY, but that has improved to ~5-6%. Monthly active user declines have also narrowed from ~12% to 6-7%, although he said the turnaround is still in progress. He said Match Group’s focus is on reducing the pressure of online dating for Gen Z, citing Tinder’s Double Date feature, which is now used by about a quarter of its Gen Z users. Rascoff added that Tinder already monetizes well, and that Match Group continues to return its cash flow to shareholders through dividends and share buybacks.