MARKETWATCH - Nov 1 - Match Group reported a Q3 profit of $56.4M, compared with a profit of $35.3M in Q3 2015. Dating revenue increased 22% to $287.5M from $235M a year ago. The number of paying members increased by 31% to 5.5M, an all-time high for Match Group, driven by Tinder. "We are ahead of schedule and in very good shape to at least double Tinder's paid-member count this year," said Gary Swidler, Match Group's CFO. Tinder ended Q3 with ~1.5M paid users, up from 800K at the end of 2015.
by Georgia Wells
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Summarized by the Courtland Brooks team
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