— 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.
Most Popular
Stitch Fix (SFIX) Stock: Will the innovative biz model survive virus-led slump?
The business world is still struggling to come out of the virus-induced slowdown, but it seems almost every retail segment benefited from the pandemic at some point. The vaccination drive
General Mills (GIS): Three factors that are expected to help drive growth for the food company going forward
Shares of General Mills Inc. (NYSE: GIS) were up 3.2% on Wednesday after the company delivered better-than-expected results for the first quarter of 2022. Net sales rose 4% year-over-year to
IPO Alert: Allvue Systems sets IPO terms, to raise around $290 million
It is estimated that the alternative investments industry has expanded at a compound annual rate of 10.2% over the past ten years and had $11 trillion in assets under management
