Match Group: 4Q Earnings Snapshot
DALLAS (AP) _ Match Group Inc. (MTCH) on Wednesday reported fourth-quarter net income of $115.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of 39 cents. Earnings, adjusted for stock option expense, were 43 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The online dating company posted revenue of $457.3 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $448.5 million.
For the year, the company reported profit of $477.9 million, or $1.61 per share. Revenue was reported as $1.73 billion.
Match Group shares have climbed 24 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $53.08, a climb of 60 percent in the last 12 months.