Q1 2018 HIGHLIGHTS
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Total Revenue grew 36% over the prior year quarter to $407 million, the highest quarter-over- quarter revenue growth since the IPO.
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Tinder Average Subscribers were 3.5 million in Q1 2018, increasing 368,000 sequentially and 1.6 million year-over-year.
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Net earnings of $100 million, or $0.33 per diluted share, grew in excess of 300% over the prior year quarter, driven by strong revenue growth and excess tax benefits generated by settlements and exercises of stock-based awards.
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Operating income was $112 million, an increase of 91% over the prior year quarter, while Adjusted EBITDA increased 60% over the prior year quarter to $138 million.
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Operating Income and Adjusted EBITDA margins increased 7.8 and 4.9 points, respectively, as we continue to benefit from operating leverage in our business.
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Settled our intellectual property litigation against TanTan, which will result in both a redesign of their U.S. app and annual royalty payments tied to the size of their U.S. userbase, reinforcing the strength and value of our market-leading innovations.
Submitted May 09, 2018 at 01:17AM by Swatieson https://ift.tt/2rwJsnV
