Match Group: 2Q Earnings Snapshot
DALLAS (AP) _ Match Group Inc. (MTCH) on Tuesday reported second-quarter net income of $132.5 million.
On a per-share basis, the Dallas-based company said it had net income of 45 cents. Earnings, adjusted for one-time gains and costs, came to 41 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.
The online dating company posted revenue of $421.2 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $413.1 million.
Match Group shares have risen 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.88, more than doubling in the last 12 months.