Shares of dating solutions provider Match Group (NYSE:MTCH) are inching higher in the pre-market session today on the back of its third-quarter showing.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Revenue climbed 1% over the prior year to $809.5 million but managed to outperform estimates by ~$15 million. EPS at $0.44 though lagged expectations by $0.07.
While payer numbers recorded a 2% growth, direct revenue for Tinder increased by 6%. Looking ahead to Q4, the company estimates revenue to range between $780 million and $790 million.
Moreover, Match expects growth in its emerging brands to make up for declines in its established names.
Despite today’s rise, shares of the company are now down 67.3% year-to-date.
Read full Disclosure
