Shares of Match Group MTCH rose 3.13% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were up 18.60% year over year to $0.51, which beat the estimate of $0.44.
Revenue of $555,450,000 up by 11.54% year over year, which beat the estimate of $536,460,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Match Group hasn't issued any revenue guidance for the time being.
Recent Stock Performance
Company's 52-week high was at $110.86
Company's 52-week low was at $44.74
Price action over last quarter: down 55.46%
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%).
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