Match Group reports Q3 adjusted EPS 39c, consensus 36c
Reports Q3 revenue $444M, consensus $436.65M. Average subscribers increased to 8.1M, a 23% increase over the prior year quarter. The company said, ""Match Group delivered another quarter of strong top and bottom line growth, with Tinder continuing as our growth engine. We are making product and marketing investments in our brands to drive growth across our portfolio. Even with these investments, Match Group is generating significant free cash flow and reducing leverage levels, and we have returned a meaningful amount of capital to shareholders. Today, we are announcing that our Board has declared a special dividend of $2.00 on each share of Match Group common stock and class B common stock. We remain on the lookout for strategically compelling M&A and have the financial flexibility to acquire companies when we find innovative products with long-term potential."