Match Group (MTCH) said Tuesday that adjusted second-quarter earnings dipped to 16 cents a share, with revenue rising 12% to $310 million, missing consensus estimates. A year earlier, Match earnings were 17 cents a share on sales of $301.1 million.
Analysts expected Match, whose growth driver has been mobile app Tinder, to report earnings of 19 cents on sales of $316 million for the period ended June 30.
Match Group also runs other dating sites such as Match and OkCupid.
Match said Mandy Ginsberg will succeed Greg Blatt as chief executive as of Jan. 1. Ginsberg is currently CEO of Match Group Americas.
Shares in the provider of online dating services were not active following the earnings release inafter-hours trading in the stock market today.
Match Group closed the regular session down 1 cent at 18.24 and dropped 2.6% in after-hours trading prior to the earnings release.