MATCH GROUP - Nov 7 - Total Revenue was $343M, a YOY 19% increase. Direct Revenue grew to $330M, an increase of 21%, driven by 18% growth in Average PMC to 6.6M and a 1% increase in ARPPU. Average PMC at Tinder exceeded 2.5M, adding a record 476,000 PMC during the Q3, driven primarily by product changes and technology improvements. Operating income was $91M, flat to Q3 2016, and Adjusted EBITDA increased 12% to $120M, both burdened by $11 million in expenses related to the Tinder option conversion and exercises.
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Summarized by the Courtland Brooks team
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