EPS of .33 vs .19 expected on revenue of 407.4M (+36% YoY) vs 386M. Raised guidance for next quarter and for this year. Also expressed positive sentiment towards Facebook entering the dating game.
While Tinder traditionally required new users to sign in with Facebook first to authenticate their accounts, the company rolled out an alternative sign-up option last summer, and Ginsberg said that about 75% of new users now choose not to register with Facebook when given the option.
“They didn’t want to mix Facebook with their dating lives,” she said.
...
Ginsberg also argued that Facebook’s entry into the category could help “chip away at the stigma” against online dating, especially with older individuals and those in international markets.
“Facebook’s move could be category-expansive,” she said, since Match believes that users of online-dating products tend to use an average of three at a time.
Shares up over 5% up on the day. Resume the gain-train?
https://www.marketwatch.com/story/match-ceo-shrugs-off-facebook-threat-as-earnings-beat-2018-05-08
Submitted May 08, 2018 at 05:57PM by Nonethewiserer https://ift.tt/2jFUPFA
