Match Group Reports Double-Digit Growth in Q3 Revenue and Subscribers
Company also announces special dividend of $2, which will cost the company more than $550 million.
This Thanksgiving, Match Group (NASDAQ: MTCH) is grateful for subscribers, boasting 23 percent growth in average subscribers in the third quarter of 2018. The company now has 8.1 million total subscribers across all of its products including Tinder, Match, PlentyofFish, OKCupid and other dating sites. The company also reported double-digit growth for total revenue. The company’s total revenue for the third quarter was $444 million, representing growth of 29 percent year-over-year. This was driven by average subscriber growth and average revenue per user growth of 6 percent.
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