Match Group Shares Rise After Quarterly Report
- Monday, May 15 2023 @ 09:27 am
- Contributed by: kellyseal
- Views: 654
Shares of Match Group stock rose following the company’s second quarter forecasts, despite the decline in earnings for Q1.
Match Group reported EPS (earnings per share) of 42 cents, beating the consensus of 41 cents, per Reuters. It’s also a 5 percent increase from the same period last year. Revenue however was $787.12 million for the quarter, below the expected $793.87 million, and a 2 percent decline from the same time last year according to Yahoo! Finance.
Paying app users decreased by 1.1 percent to 15.87 million, according to Yahoo!, but revenue per payer actually increased to $16.26, up from $16 in the last quarter, a hopeful sign.



