Match Group Inc (NASDAQ:MTCH) shares are rising in Tuesday’s after-hours session after the company reported better-than-expected results for the fourth quarter.
- Match Group shares are powering higher. What’s behind MTCH gains?
Match Group Exceeds Analyst Expectations
Match Group reported fourth-quarter revenue of $878.01 million, beating analyst estimates of $871.32 million, according to Benzinga Pro. The company posted earnings of 83 cents per share for the quarter, beating estimates of 71 cents per share.
Total revenue was flat on a year-over-year basis as payers fell 5% year-over-year to 14.2 million, but revenue per payer increased …