Connect with us

Hi, what are you looking for?

Business

Match Group says Tinder will make over $800 million this year

Match Group CFO Gary Swidler said that Tinder will generate more than $800 million this year during a conference call about recently released second quarter results. This would make the dating service aimed at young people responsible for just under half of Match Group’s total projected revenue for the year.

According to Yahoo Finance, “nearly all of that revenue is coming from Tinder’s paid subscription service.”

Match Group runs brands including Tinder, Match, PlentyOfFish, OkCupid, OurTime, Meetic, and Pairs.

On August 7, the group released their Q2’18 results, showing no sign of their services experiencing a lull in customer activity. Tinder’s average subscribers reached 3.8 million – an increase of 299,000 from last quarter and an increase of 1.7 million year-over-year. Tracking active-user ranking data based on Facebook login tokens, Thinknum published a data set and found that Tinder was the most popular app, based on the number of log ins, in July.

In the first half of the year, up to June 30, Match Group showed $828,563 in revenue, up from $608,336 at the same time last year. Post releasing the Q2 results, Match Group’s stock price (NASDAQ: MTCH) increased from just under $39 per share on August 7 to $45.6 per share on August 8.

Written By

You may also like:

Social Media

These are posted by accounts who are really just looking to gain more followers.

Tech & Science

The probe comes after surprise raids at the firms, which are two of the largest food delivery companies in Europe.

Social Media

Kamala Harris faces a wave of gendered disinformation in the race to the White House. - Copyright AFP Brendan SMIALOWSKIAnuj CHOPRADoctored images, sexual slurs,...

World

Access to enough nutritious food is essential for individual well-being.