Match Group: 3Q Earnings Snapshot
DALLAS (AP) _ Match Group Inc. (MTCH) on Tuesday reported third-quarter net income of $151.5 million.
On a per-share basis, the Dallas-based company said it had net income of 51 cents. Earnings, adjusted for stock option expense and amortization costs, came to 57 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The online dating company posted revenue of $541.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $539.2 million.
Match Group shares have increased 61% since the beginning of the year. The stock has risen 34% in the last 12 months.