|Traded as||NASDAQ: MTCH|
Russell 1000 Component
|Headquarters||Dallas, Texas, United States|
|Revenue||US$1.7 billion (2018)|
|US$553 million (2018)|
|US$473 million (2018)|
|Total assets||US$2.1 billion (2018)|
|Owner||IAC/InterActiveCorp: 80.9% (economic)|
Match Group went public on November 19, 2015, and trades on NASDAQ with the ticker symbol MTCH. The company's controlling shareholder is IAC/InterActiveCorp, its former parent. As of March 31, 2018, IAC's economic ownership interest and voting interest in Match Group were 80.9% and 97.6%, respectively.
In August 2018, Tinder co-founder Sean Rad filed a $2 billion lawsuit against Match Group, claiming that Match Group and its parent company IAC purposely undervalued Tinder to avoid paying out stock options to the company's original team. Rad and his co-plaintiffs also accused the former Tinder CEO, Greg Blatt, of sexual harassment. The Match Group said in a statement that the allegations are "meritless".
Match Group's shares had the best day in their history on August 7, 2019, rallying by as much as 29% to new all-time highs. The gain was driven largely by Tinder's paid subscriber growth; Tinder gained 503,000 new subscribers over the prior quarter, or 1.5 million new subscribers year-over-year. At the end of Match Group's second quarter, Tinder had 5.2 million average subscribers. All of Match Group's properties reported a combined 9.1 million average subscribers at the end of the second quarter ending on June 30, 2019. The share price growth added more than $5 billion to Match Group's market capitalization.
This section needs expansion. You can help by adding to it. (July 2019)
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