Match Group stock rallies 14% after company swings to profit, revenue rises 4%

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Shares of Match Group Inc. jumped more than 14% in the after-hours session Tuesday after the online dating company behind Tinder and other brands swung to a...

Shares of Match Group Inc.

jumped more than 14% in the after-hours session Tuesday after the online dating company behind Tinder and other brands swung to a quarterly profit and said it aims at using AI to “help solve” dating problems and to bring more people into their dating brands. Match earned $137 million, or 48 cents a share, in the second quarter, contrasting with a loss of $32 million, or 11 cents a share, in the year-ago quarter. Revenue rose 4% to $830 million.

jumped more than 14% in the after-hours session Tuesday after the online dating company behind Tinder and other brands swung to a quarterly profit and said it aims at using AI to “help solve” dating problems and to bring more people into their dating brands. Match earned $137 million, or 48 cents a share, in the second quarter, contrasting with a loss of $32 million, or 11 cents a share, in the year-ago quarter. Revenue rose 4% to $830 million.

 

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