Market Overview

Match Group: Q2 Earnings Insights

Share:

Shares of Match Group (NASDAQ: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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Posted-In: Earnings