Tinder results add more than $5 billion to Match market cap

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Tinder results add more than $5 billion to Match market cap
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Tinder provided a major boost to Match's results, with the dating app reporting 5.2 million subscribers.

Tuesday afternoon that showed strong growth in its popular dating app Tinder. The company's market cap now stands around $26.4 billion.

Tinder provided a major boost to Match's results, driving 46% direct revenue growth during the second quarter, the company said. Tinder reported 5.2 million average subscribers in the quarter, which is 1.5 million more subscribers than it had last year.

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