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Shares of Match Group (NASDAQ:MTCH) rose 0.6% in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share were up 6.67% year over year to $0.48, which missed the estimate of $0.49.
Revenue of $651,407,000 up by 19.05% from the same period last year, which beat the estimate of $650,470,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
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Revenue guidance hasn't been issued by the company for now.
Technicals
52-week high: $159.85
52-week low: $44.74
Price action over last quarter: Up 8.76%
Company Overview
Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.