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Match Group Beats Revenue Expectations as More Users Sign Up By Investing.com

© Reuters

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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

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