Match Surges Most Ever as Tinder Leads Robust Revenue Growth
- App pulled in 503,000 subscribers in the second quarter
- Announces investment in Harmonica, dating app based in Egypt
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Match Group Inc. shares rallied the most ever, hitting a record high after the company gave an optimistic earnings report and outlook, fueled by dating app Tinder’s surging subscriber growth.
The shares gained as much as 29% Wednesday, hitting a high of $95.32. They were trading at around $93.44 at 2:08 p.m. in New York.