SEEKING ALPHA - May 4 - Match Group is up 5.6% after hours following its first-quarter earnings report, where it fairly easily beat expectations and logged double-digit subscriber gains. Revenues jumped 22.6% to $667.6M, operating income rose 38% to $189M, adjusted EBITDA gained 32% to $230M. "Exiting the first quarter, we are seeing improving trends across the portfolio," CEO Shar Dubey says, adding that the company will spend ~$100M on product, technology and moderation efforts related to trust and safety this year.
by Jason Aycock
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