Match Beats Estimates as Tinder’s Growth Is Fueled by International Users
The Match Group Inc. Tinder dating application
Photographer: Gaia Squarci/BloombergThis article is for subscribers only.
The international dating scene is swiping right on Tinder, helping spark a 17 percent surge in total average subscribers in the last quarter for parent company Match Group Inc.
The online dating company owned by IAC/InterActiveCorp beat analysts’ average estimates in nearly every metric in the fourth quarter, though the forecast for revenue in the current quarter missed expectations. The company projected revenue of $455 million to $465 million, lower than the $470 million average estimate. Match also announced it acquired all of the remaining shares in Hinge -- adding yet another digital courtship site to its belt.