MARKETWATCH - May 5 - Shares of Match were up 0.7% in after-hours trading Tuesday after the company matched Q1 revenue expectations and said Tinder subscriber trends were "stabilizing" in April after dropping sequentially in March. Match generated net income of $160.4M, up from $123M in Q1 2019. The EBITDA was $171.5M, above the $155.1M it recorded a year prior. The company posted revenue of $545M, up from $465M in Q1 2019. Tinder subscribers averaged 6M in the quarter, compared with an average of 5.9M in the December quarter. Match saw the average number of daily messages sent across its products rise 27% in April relative to the last week of February. For users under the age of 30, the daily average message count was 35% higher.
by Emily Bary
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