Match Group beats earnings estimates as Hinge surges and Tinder registrations grow
Match Group announced its latest quarterly financial results, exceeding analysts' expectations with impressive earnings. The company reported revenues of $864 million and an adjusted EBITDA of $343 million, both figures surpassing predictions. Key contributors to this success included significant growth in user registrations for Tinder and steady expansion of the Hinge platform. These achievements reflect Match Group's leading position in the online dating industry, facilitating increased monetization and user engagement. Following the announcement, the company's stock price saw significant gains during after-hours trading, further highlighting investor confidence in its performance and market strategy.
Key facts
- Match Group reported $864 million in revenue.
- Adjusted EBITDA was $343 million.
- Both revenue and EBITDA beat Wall Street expectations.
- Hinge experienced strong growth.
- Tinder registrations increased.
- The results were announced in the quarterly earnings report.
- Match Group's shares rose in after-hours trading.
- The company operates a portfolio of dating apps including Tinder and Hinge.
Entities
Institutions
- Match Group
- Tinder
- Hinge
Sources
- Quartz —