THE MOTLEY FOOL – Sep 15 – Match Group CEO Amanda Ginsberg highlighted some key aspects of the dating company’s growth strategy during its Q2 earnings call.
- Tinder’s torrid growth continues Direct revenue in the Q2 for Tinder was up 136% YOY, subscribers grew 81%, and ARPU [average revenue per subscriber] rose 33%. Gold subscribers surpassed 50% of total Tinder subscribers in the Q2.
- An intriguing acquisition Hinge is an early stage, innovative product that is showing great momentum in the U.S. Over the past year, Hinge’s monthly downloads have increased by 400%. It caters to people in their 20s, so, Match Group believes that Hinge pairs well with Match.com, which tends to resonate more with people in their 30s and 40s.
- A massive opportunity in international markets Match Group sees a massive opportunity in certain Asian, North African, and Middle Eastern markets that have very young and highly mobile-savvy populations and plans to build share there over time, either organically or through M&A.
by Joe Tenebruso
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