Match Group topped quarterly revenue estimates as more users looking for matches and connections took paid subscriptions on dating app Tinder, sending the company’s shares up 16%.
Match Group topped quarterly revenue estimates as more users looking for matches and connections took paid subscriptions on dating app
The results are welcome news for the company which has been rocked this year by executive changes and analyst concerns about poor execution of new features on its dating apps. Spiraling inflation has also pressured spending on its apps.
Despite the odds, the company’s revenue came in at $810 million for the three months ended Sept.
