Match Group Posts Strong Q2 Results, Driven by Growth from Tinder
Last month Match Group (NASDAQ: MTCH), which owns a portfolio of 45 brands including Match.com, Tinder, PlentyofFish and other dating sites, posted strong second quarter financials for 2017. The company reported revenue of $310 million, a 12 percent increase over the same period last year, driven by 15 percent growth in average paid member count (PMC) to 6.1 million. In its earnings announcement, Match Group reported that average PMC at Tinder exceeded 2 million for the first time, representing an 86 percent increase over the same period last year. This is due, in part, to the launch of Tinder Gold, a members-only premium subscription Tinder started testing this summer.
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