Q2 Revenue Exceeds Estimates, Driving Match Group Shares Higher
Sectors & Industries
August 6, 2024
Match Group shares surged after reporting second-quarter revenue of $864 million, surpassing the $856.5 million analyst estimate.
Revenues per user increased 9% while its Hinge app grew revenues by 48% among key demographic groups that had previously been hard to reach.
The company reported a net income of $133.31 million, or $0.48 per share, compared to $137.35 million, or $0.48 per share, in the same quarter last year.
Analysts had also anticipated earnings of $0.48 per share, according to Thomson Reuters, excluding special items.
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