Match Group Attributes Revenue Increase to Subscriber Growth in Q2
Match had 7.7 million subscribers at the end of the second quarter, a 27 percent increase.
This is a good time to be in the online dating business. Match Group (NASDAQ: MTCH) reported its second quarter financial results last week, including total revenue of $421 million, a 36 percent increase year-over-year. This increase was driven by 27 percent average subscriber growth and 8 percent growth in average revenue per user (ARPU). The company’s Tinder dating app along grew by 299,000 new subscribers to 3.8 million at the end of the second quarter.
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