By Liz Moyer
Investing.com — The dating platform Match Group Inc (NASDAQ:) beat estimates for third-quarter revenue on gains in paying users.
The shares rose 12% after hours. They have been beaten down 66% this year. Earnings per share were 44 cents versus 52 cents expected.
1%, to $810 million, beating expectations for $793 million. More people signed up to apps such as Tinder and Hinge. For the December quarter, Match forecast revenue in the range of $780 million to $790 million and operating income in the range of $270 million to $275 million.
The number of paying members on Tinder rose 7%. Total revenue rose 6%, aided by the return of a feature that lets users swipe right and left from their desktops.
Story Credit: investing.com