Match Group, the parent company of dating apps Tinder and Hinge, missed Wall Street's second quarter revenue estimates. The stock was down as much as 12% in after-hours trading.

Match posted total revenue of $853 million, down 1% year-over-year, against analyst expectations of $858 million, according to FactSet data . Across apps, paying users on average declined by 6%.

Match estimated revenue for the current third quarter of $885 to $895 million, a decline of 2% to 3% year-over-year.

Shares in extended trading were 11% lower after closing up 1.7% to $41.24 a share. The stock is up 27.7% so far this year.

Adjusted earnings before interest, taxes, depreciation, and amortization grew 14% year-over-year to $331 million, narrowly beating consensus estimates of $328 million, according to FactSet .

Match's second-quarter profit was $170.5 million, or 70 cents a share, up from $125.5 million, or 49 cents a share, a year earlier. Analysts polled by FactSet expected earnings of 65 cents a share.

Ahead of earnings, investors had their eyes on Tinder, despite Hinge's massive growth in recent years. Match has been trying to reverse losses at Tinder because it's the largest brand.

Match says Tinder's metrics are looking up, with monthly-active-user trends improving -- though still down 7% year-over-year. Revenue at Tinder fell 1% to $457.5 million.

"To reach our ultimate goal of returning to monthly-active-user growth, we need to drive more reconsideration through product innovation and marketing," Spencer Rascoff, Match CEO, said in a statement, referring to how the app gets potential users to "reconsider" using it.

"That means giving the millions of singles who've used Tinder before, and those who've never tried, more reasons to download the app," he said.

In mid-July, Tinder updated an algorithm that the company says improved the number of longer conversations and follow-up real-world connections. Tinder also launched its first global rebrand in more than five years, and Match says that nearly "all engagement metrics" improved after the rollout.

Tinder is also focused on its Gen Z users, with new features aimed at offering them the types of in-person connections Match says they're looking for, including events and location tracking -- with privacy controls -- to tell users who is in their area.

"Tinder finally looks and feels like the app young daters want to use," Rascoff says.

Match says Tinder's active daily user numbers are expected to turn positive "any day now," which would mark the first time that's happened for Tinder in over three years. They add that Tinder is expected to post revenue growth in 2027.

Hinge, meanwhile, posted revenue of $203.5 million, up 22% year-over-year in the quarter. Global monthly-active-users were up 13% year-over-year as well, remaining on pace to reach $1 billion in revenue by 2027.

"Hinge continues to be the best example in our portfolio of product-led growth at scale," says Rascoff.

European markets were the biggest growth engine for Hinge, which saw direct revenue grow 86% year-over-year.

One of Match's other apps, Azar, was the biggest headwind to revenue. The app, which connects users via video chat, was removed from the Apple app store in March, after Apple began restricting certain 1-to-1 video chatting apps, Chief Financial Officer Steve Bailey said in an interview. Match redesigned the product so it could return to the app store.

"Now, we're building back up what is a lower-monetizing product," Bailey said.