{"id":58235,"date":"2018-02-07T06:37:28","date_gmt":"2018-02-07T06:37:28","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=58235"},"modified":"2018-02-07T06:37:28","modified_gmt":"2018-02-07T06:37:28","slug":"match-group-revenue-soars-as-tinder-attracts-more-subscribers","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/match-group-revenue-soars-as-tinder-attracts-more-subscribers.html","title":{"rendered":"Match Group revenue soars as Tinder attracts more subscribers"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Match Group revenue soars as Tinder attracts more subscribers<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Match Group Inc (MTCH.O), which owns popular dating app Tinder, on Tuesday reported a 28.5 percent jump in quarterly revenue as more people paid for subscriptions to its apps and websites.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Shares of the company rose 5 percent in extended trading.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Match Group\u2019s average paid subscribers surged 23.6 percent to 7 million in the fourth quarter, in line with analysts\u2019 average estimate, according to financial and data analytics firm FactSet.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Tinder, on which people swipe right or left to signal their interest or lack of it in meeting prospective partners, added 1.5 million paid subscribers in 2017, compared with about 900,000 in 2016.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The company, which also owns OkCupid and Match.com, said Tinder now has for more than 3 million paid subscribers.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Total revenue jumped 28.5 percent to $379 million, beating analysts estimate of about $362 million, according to Thomson Reuters I\/B\/E\/S.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Last year, Match Group sold its non-dating business, which operated under the Princeton Review to education technology company ST Unitas.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Net loss was $9.02 million, or 3 cents per share, in the fourth quarter ended Dec 31, compared with a profit of $73.8 million, or 27 cents per share, a year earlier.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Match Group said it recorded a charge of $92 million in the reported quarter related to the new U.S. tax law.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Excluding items the company earned 18 cents per share.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt\">Source:-\u00a0https:\/\/www.reuters.com\/article\/us-match-group-results\/match-group-revenue-soars-as-tinder-attracts-more-subscribers-idUSKBN1FQ33W<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/match-group-revenue-soars-as-tinder-attracts-more-subscribers.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Match Group revenue soars as Tinder attracts more subscribers Match Group Inc (MTCH.O), which owns popular dating app Tinder, on Tuesday reported a 28.5 percent jump in quarterly revenue as more people paid for subscriptions to its apps and websites. Shares of the company rose 5 percent in extended trading. 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