Match Group reports Q1 results progress
Tinder shows stronger engagement and growth; Hinge scales globally via innovation. They streamline operations with '1MG' approach for cost optimization.
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Online dating technology company
mtch.comLast updated
In short: Match Group reported strong growth for Hinge and a turnaround at Tinder while investing $100 million in the LGBTQ+ dating app Sniffies.
Tinder shows stronger engagement and growth; Hinge scales globally via innovation. They streamline operations with '1MG' approach for cost optimization.
Revenue rises 4% to $864M, Adjusted EBITDA up 25% to $343M. Tinder shows user growth recovery; Hinge revenue grows 28%. Declares $0.20 dividend.
The minority stake in the fast-growing platform for GBTQ men includes an option for full ownership. Sniffies operates independently with 3 million monthly users.
Features include Music Mode, Astrology Mode, Double Date, IRL Events, AI recommendations, and trust investments. Speakers shared highlights at Tinder Sparks.
Quantinno Capital Management LP raised its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 156.1% in the 1st quarter, according to the company...
Maverick Capital Ltd. acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) in the 1st quarter, according to its most...
Match Group reports earnings Tuesday. Its Hinge dating app has been getting all the love from younger users lately. But Wall Street only seems to...
The Match Group stock is in focus according to new analyst information: A current hold consensus rating and fresh quarterly figures with rising Tinder revenues provide private investors with orientation for the online dating platform.
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