Online dating services provider Match Group Inc forecast third-quarter sales abo...
- Online dating services provider Match Group Inc forecast third-quarter sales above estimates and reported better-than-expected second-quarter revenue on Tuesday, as its popular app Tinder attracted more users, sending shares up more than 17% in extended trading.
The app, which has made “swipe left” and “swipe right” a point of pop culture conversations, grew its average subscriber base 40.5% to 5.2 million in the quarter with new launches. The company also launched two new features Read Receipts and Super Boost for its premium Tinder Gold and Plus subscribers on iOS platform. Read Receipts allows a person to see if their match on the app has seen their messages, while Super Boost gives a person more visibility.
The company forecast third-quarter revenue between $535 million and $545 million, significantly above expectations of $521 million, according to IBES data from Refinitiv.
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