Categories Earnings, Leisure & Entertainment

Match Group (NASDAQ: MTCH): Q4 2019 Earnings Snapshot

— 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.

Earnings Update by AlphaStreet

— 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.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  Macy's stock rises after Q2 earnings beat: Infographic

Most Popular

COVID-19 drove retailers up the digital path years ahead than anticipated

Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to

Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles

Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming

Adobe (ADBE) sees new tailwinds as virtual shift gathers steam

The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related

Top