Media Room

From the latest breaking news to media galleries, find a range of information on IAC and our businesses.

News

BACK

Wall Street’s Still Not Over Tinder

October 13, 2017
BY Barron's Next - Emily Bary

Wall Street’s enthusiasm for a new paid Tinder feature hasn’t flamed out yet, with two analysts professing their continued belief in parent company Match Group’s stock on Friday.

In a note to clients, Cowen analyst John Blackledge wrote that he thinks Tinder could generate $1 billion in revenue by 2022, up from $175 million last year, thanks to growing consumer interest in paid subscriptions and a la carte purchases. The new Tinder Gold service, which lets users pre-sort their matches in order to save time, has caught on quickly and has given Match shares a lot of momentum in recent months.

Continue reading the original article at Barron's Next.

button Scroll Up