Tinder parent Match Group beats forecasts; shares rise 10%
Tinder parent Match Group shares rose 10% late Tuesday after the company reported better-than-expected first-quarter earnings and sales. Match, which had its initial public offering in November, said it earned $7.1 million, or 11 cents a share, in the first quarter, down 73% to $216 million, or 13 cents a share, in the year-ago period. Revenue rose 21% to $285 million, from $235 million a year ago. Paying customers grew 36% to 5.1 million, with Tinder surpassing 1 million paying members. Analysts... Читать дальше...