Match Group Reports Fourth-Quarter Earnings, Revenue Miss
Match Group (MTCH) announced fourth-quarter net income of $158.3 million, or 59 cents per share, missing analysts' expectations of 84 cents per share.
Adjusted earnings were 82 cents per share, below estimates. Revenue of $860.2 million exceeded forecasts of $856 million.
For the year, Match Group reported profit of $551.3 million on revenue of $3.48 billion.
The company projects revenue of $820-$830 million for the current quarter and $3.38-$3.5 billion for the full year.