Match Reports Highest Quarterly Revenue Growth Since 2015 IPO
Total subscribers grow to 7.4 million, a 26 percent increase.
Online dating pioneer Match Group (NASDAQ: MTCH) is looking for love in all the right places. In fact, the parent company of Tinder, Match.com, OKCupid and other dating sites continues to grow. On May 8, in the company’s first quarter earnings report, Match Group reported total revenue of $407.4 million, a 36 percent increase over the first quarter of 2017. The company also reported net earnings of $100 million, or $0.33 per diluted share, representing growth of 397 percent.
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