— Match Group Inc. (NASDAQ: MTCH) reported its fourth-quarter 2019 earnings of $0.45 per share versus $0.44 per share expected.
— Revenue grew by 20% to $547.17 million versus $552.89 million expected.
— Average subscribers increased by 19% to 9.8 million from 8.2 million in the previous year quarter.
— Tinder average subscribers were 5.9 million in Q4, increasing 36% year-over-year. Tinder direct revenue grew by 39% over the prior-year quarter.
— The average revenue per unit (ARPU) grew by 1% year-over-year to $0.59.
— On December 19, 2019, the company entered into a definitive agreement providing for the full separation of Match Group from the remaining businesses of IAC with the expected closure to be in the second quarter of 2020.
— As of December 31, 2019, the company had $466 million in cash and cash equivalents and $1.6 billion of long-term debt.
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