Why Match Group Stock Surged Today

Shares of Match Group (NASDAQ: MTCH) popped more than 20% on Wednesday, following the release of the online dating specialist's second-quarter results. 

Match Group gained 503,000 subscribers for its popular Tinder dating app in the second quarter, besting Wall Street's expectations of 390,000 net additions. The company ended the period with more than 5.2 million Tinder subscribers, representing a year-over-year increase of 39%. 

Tinder is igniting growth for Match Group. Image source: Getty Images.

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