2023-05-23 13:59:19 ET
- Match Group ( NASDAQ: MTCH ) rose 2.7% after an executive indicated at a conference that April U.S. subscription revenue trends at Tinder have continued into May.
- "The April trends have continued into May, so that's increasing our confidence now that, instead of four weeks, we've had seven weeks of similar trends," Match ( MTCH ) CFO Gary Swidler said at JPMorgan's tech and telecom conference on Tuesday. "So that's obviously very encouraging and meaningful extra data points for us and increased confidence that we said about the back half of the year is coming to fruition."
- Match Group ( MTCH ) reported Q1 results earlier this month.
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Match Group gains after indicating Tinder April trends continued into May