Match Group Beats Estimates as Tinder’s Popularity Grows Abroad
- CEO Ginsberg targets Japan, India for international expansion
- Tinder also experimenting witih new video features like Loops
This article is for subscribers only.
Match Group Inc. beat analysts’ estimates for revenue and profit, driven by explosive international growth in its online dating app Tinder.
Net income jumped 23 percent from a year earlier to $123 million in the three months ending March 31. Earnings per share were 42 cents, well above the average analyst estimate of 28 cents, the company said Tuesday in a statement. Revenue increased 14 percent to $464.6 million, higher than projections for $463.8 million.