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Tinder Sends Match Earnings Blazing Past Estimates

  • New features help Tinder to stay competitive with Facebook
  • CEO wants to make sure app stays “cool and exciting”
Match Group Inc. Applications Ahead Of Earnings Released
Photographer: Gaia Squarci/Bloomberg
Updated on

Match Group, Inc., the parent company of some of the most popular online dating platforms, soared the most in nine months after quarterly earnings beat analysts’ estimates, boosted by new subscribers to Tinder.

Revenue jumped 36 percent to $421.2 million in the second quarter, exceeding the average forecast of $413.3 million, according to data compiled by Bloomberg. The Dallas, Texas-based company reported operating income of $150.2 million, up 81 percent from a year earlier, the company said Tuesday in a statement. Earnings were 45 cents a share, surpassing projections for 32 cents.