Match Surges After Revenue Beats Estimates on Tinder Gains
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Match Group Inc. surged after the company reported revenue that beat analysts’ estimates, buoyed by growth at its biggest dating property, Tinder.
Second-quarter revenue increased 4% to $830 million, with direct revenue from Tinder up 6% to $475 million, the company said in a statement. Analysts were expecting revenue of $811 million. The company also raised its third-quarter outlook, projecting revenue of $875 million to $885 million.