Revenue Update on Match Group Inc(NASDAQ:MTCH)

Match Group Inc(NASDAQ:MTCH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $301.12M. Analysts estimated a revenue of $295.12M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Sam Yagan (CEO, Match Group) sold 200,000 shares at $13.24 per share price.Also, On Nov 23, 2015, Alan G Spoon (director) purchased 7,500 shares at $12.00 per share price.On Nov 23, 2015, Pamela Seymon (director) purchased 10,000 shares at $12.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Match Group Inc. is engaged in providing dating products. The Company operates through two segments: Dating and Non-dating. The Company operates a portfolio of over 45 brands. The Company through its portfolio of brands provides products to meet the varying preferences of its users. Its Dating segment provides dating products through brands such as Match OkCupid Tinder PlentyOfFish Meetic Twoo OurTime and FriendScout24. The Company’s Non-dating segment provides a range of education services. Through The Princeton Review Non-dating segment offers services including test preparation academic tutoring and college counseling services. The Princeton Review includes which provides online on demand one-on-one tutoring services. The Company offers dating products in approximately 40 languages across over 190 countries.

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