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Actionable news in MTCH: Match Group Inc,

Match Group Inc. Earnings Fueled by Tinder's Explosive Growth

Image source: Match Group.

Match Group (NASDAQ:MTCH) reported second-quarter results on July 26. The world's leading provider of online dating products enjoyed solid increases in sales and profits as its dating apps continue to surge in popularity.

Match Group results: The raw numbers

Metric

Q2 2016

Q2 2015

Growth (YOY)

Revenue

$301.119 million

$248.817 million

21%

Adjusted EBITDA

$100.120 million

$63.448 million

58%

Adjusted net income

$46.625 million

$33.166 million

41%

What happened with Match Group this quarter?

Total revenue rose 21% year over year to $301 million, fueled by a 40% increase in international revenue.

Dating revenue jumped 23% to $275 million, driven by the strong growth of Tinder and Match's recent acquisition of PlentyOfFish. Non-dating revenue, however, was flat at $26 million, mostly due to tepid sales of SAT test preparation courses at The Princeton Review.

Average paid member count (PMC) jumped 30% to 5.3 million. Yet average revenue per paying user (ARPPU) declined 5% to $0.55, mostly due to the growth of Tinder and PlentyOfFish, both of which have lower price points than most of Match Group's other brands. Still, ARPPU was up sequentially compared to the first quarter of 2016, as a new premium version of Tinder boosted Match's ability to better monetize the highly popular app. Tinder is still on...


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