Match Group Reports 21 Percent Revenue Increase Due to Subscriber Growth
Being in the matchmaking business is apparently profitable, at least if you are Match Group. The parent company of dating sites Tinder, OKCupid and PlentyofFish reported its fourth quarter and full year 2018 results on Wednesday with impressive results. Total revenue in the fourth quarter grew 21 percent year-over-year, driven by 17 percent average subscriber growth and 4 percent growth in average revenue per user. Average subscribers grew to 8.2 million, compared to 7.0 million in Q4 2017.
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