Match Group Q4 2023 GAAP EPS $0.81 Beats $0.49 Estimate
Portfolio Pulse from Benzinga Newsdesk
Match Group (NASDAQ:MTCH) reported Q4 2023 earnings of $0.81 per share, surpassing the consensus estimate of $0.49 by 65.31%. Quarterly sales reached $866.00 million, slightly beating estimates of $861.22 million and marking a 10.16% increase from the same period last year.
January 30, 2024 | 9:13 pm
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Match Group reported strong Q4 2023 earnings, with EPS of $0.81 beating estimates by 65.31% and sales up 10.16% from the previous year.
Match Group's significant earnings beat and sales growth are likely to instill investor confidence and could lead to a short-term increase in stock price. Strong earnings typically result in positive market sentiment, which can drive up the share price as investors react to the better-than-expected financial performance.
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