Match Is a Raging Inferno, and Tinder Is Fueling the Flames
Match Group (NASDAQ: MTCH) really has been on fire over the past year, with its stock up 95% over the preceding 12 months -- and up more than 75% in 2019 alone -- heading into the company's second-quarter earnings report late Tuesday.
Investors hoped Match Group could keep the home fires burning, but the company did even better, soaring as much as 20% in after-hours trading to a new all-time high, on news that its flagship Tinder app maintained its potent subscriber growth, driving better-than-expected results.
Image source: Getty Images.
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