Much of that is driven by growing paid subscriptions and Tinder Gold, a premium subscription feature, according to Match.
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Whether or not Match will beat revenue guidance comes down to Tinder Gold. Even if MTCH doesn’t beat Q4 earnings, fundamentals are strong enough to sustain and increase the current price.
Aug 07, 2018 · Tinder Sends Match Earnings Blazing Past Estimates helping boost direct revenue by 136 percent year-over-year in the quarter. an add-on to the monetized Tinder Gold …
Gold proved critical to the company’s earnings surge in late 2017, and the results since then suggest that Tinder’s paid services are «sticky» with its user base.
Aug 08, 2018 · Tinder where users swipe left or right on their phones to signal interest or not in a person now has an average 3.8 million users. Overall, the number of Match …
Match Group recently rolled out a Tinder Gold subscription package, which has driven incremental ARPU as well as subscriber growth. Tinder’s ARPU actually grew 32% in the last reported quarter.
In September, Match rolled out Tinder Gold, a premium service. The Tinder Gold subscription costs $5 more than Tinder Plus, which varies in price based on region, age and subscription length.
Tinder continues to benefit from the broad rollout of Tinder Gold, which allows users to pay for the opportunity to see who has already liked their profile. The company said Tinder added 544,000
Watch video · Match Group reported $421 million in revenue for the quarter, a jump of 36% year over year.
Tinder saw its revenue soar more than 150% year over year in the first quarter, thanks to an 87% year-over-year surge in new subscribers and a 37% jump in average revenue per user (ARPU).
Match Group, the owner of several online dating sites such as Tinder and OkCupid, tumbled as much as 20% Wednesday after the company’s revenue forecast missed Wall Street estimates.
May 03, 2016 · Revenue from Match’s dating business, the company’s largest, rose 24 percent to $260.4 million, led by Tinder and PlentyOfFish, which Match …
Match recorded earnings per share of 45 cents on revenue of $421 million for the June quarter, up from 17 cents and $309.6 million in the year-earlier period.
Swidler mentioned Tinder’s projected revenue on Match Group’s earnings call this morning. The company has talked about Tinder revenue in the past, but always at the end of the year.
Gold was well received by users, and Tinder became the highest-grossing app among all paid apps on the App Store soon after its release. Tinder Gold is off to a solid start. Image source: Match Group.