8-KItem 2.02 · Results of OperationsItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
Match Group reports 14% adjusted EBITDA growth as Hinge expands
Filed with the SEC on · Summarized by InvestorsBot
Match Group’s second-quarter revenue fell 1% year over year to $853 million, while net income rose 36% to $171 million and adjusted EBITDA increased 14% to $331 million. Hinge revenue grew 22% to $204 million, but Tinder direct revenue declined 1% and E&E revenue fell 17%; Match expects third-quarter revenue of $885 million to $895 million and adjusted EBITDA of $330 million to $335 million. The company repurchased $245 million of shares year to date, paid a $0.20-per-share dividend on July 21, and declared another $0.20 dividend payable October 20 to shareholders of record October 5.