Match Group Stock Hits Record High After Tinder Revenue Success

Match Group stock hit a record high last week after Tinder released its new subscription tier Tinder Gold.

Its stock climbed to 22.35 by the end of trading on Friday, its highest price since the dating group span off from IAC.

When the company went public in November 2015, its stock debuted on the market at 15.20.

Match Group’s previous stock high was 19.61 on 26th May 2017.

Match Group stock

The latest stock hike happened as Tinder took the number one spot on the US App Store’s top-grossing list.

Tinder climbed four places from Monday 28th August last week, taking the number one spot from Pandora on Wednesday 30th August.

The dating app sat above companies like TIDAL, Netflix, Candy Crush Saga, Pandora, HBO Now and YouTube.

After celebrating the milestone on Twitter, Tinder’s Chief Product Officer Brian Norgard revealed the company hit the number one spot despite the fact that Tinder Gold was, at the time, only 25% rolled out in the US.

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Simon Edmunds

Simon is the former editor of Global Dating Insights. Born in Newcastle, he has an English degree from Queen Mary, London and after working for the NHS, trained as a journalist with the Press Association. Passionate about music, journalism and Newcastle United.

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