INVESTING – July 29 – Shares of Match Group jumped Tuesday after the announcement that Jim Lanzone was named the CEO. The stock is up ~8% to a record high. Tinder's direct revenue grew 31% YOY, driven by 28% average subscriber growth and 2% growth in average revenue per user in the Q1. Tinder averaged 6M subscribers in the first quarter.
by Christiana Sciaudone
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