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Match Group Beats Revenue Expectations as More Users Sign Up

By Liz Moyer

Investing.com -- The dating platform Match Group Inc (NASDAQ:MTCH) beat estimates for third-quarter revenue on gains in paying users.

The shares rose 12% after hours. They have been beaten down 66% this year. Earnings per share were 44 cents versus 52 cents expected. 

Revenue rose 1%, to $810 million, beating expectations for $793 million. More people signed up to apps such as Tinder and Hinge. For the December quarter, Match forecast revenue in the range of $780 million to $790 million and operating income in the range of $270 million to $275 million.

The number of paying members on Tinder rose 7%. Total revenue rose 6%, aided by the return of a feature that lets users swipe right and left from their desktops.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.