Match Group's Q3 Earnings Beat Estimates, Tinder and Hinge Revenue Up 11% and 44%, Stock Drops 8% After Hours

Match Group, the parent company of Tinder, reported its Q3 earnings with an EPS of $0.57 and sales of $881.60M, beating estimates. Tinder's direct revenue was up 11% and Hinge's direct revenue was up 44%. Match Group expects Q4 total revenue of $855M-$865M. However, paying users were down 5% YoY to 15.7M. As a result, Match Group's stock price dropped 8% after hours.