Match Group stock soars as the market falls in love with Q2 results

Revenue grew 18% annually to $498 million, driven by an 18% increase in
average subscriber growth and a slight rise in revenue per user, which was
partially offset by unfavorable foreign exchange effects. Analysts had expected
revenue of $488.96 million.

At 5.2 million, average subscribers for Tinder were 1.5 million
higher compared to last year.

The average revenue per user, excluding foreign exchange effects, moved up 2% to $0.58 during the three-month period. 

READ: Meet Group reports Q2 earnings beat, but Q3 sales outlook disappoints

The stock has gained 74% since the beginning of this year and 94% in the trailing 12 months.

The dating company said it repurchased 0.8 million shares during the quarter ended June 30, 2019, for $56 million.

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