=Match Group (MTCH) reported earnings on Tue 7 Aug 2018 (a/h)

Match Group beats by $0.11, beats on revs; guides Q3 revs above consensus; raises FY18 guidance 

• Reports Q2 (Jun) earnings of $0.45 per share, $0.11 better than the Capital IQ Consensus of $0.34; revenues rose 36.0% year/year to $421.2 mln vs the $413.17 mln Capital IQ Consensus, driven by 27% Average Subscriber growth and 8% ARPU growth.
• Tinder Average Subscribers were 3.8 million in Q2 2018, increasing 299,000 sequentially vs. 200-250K guidance up and 1.7 million year-over-year.
• Adjusted EBITDA increased 60% over the prior year quarter to $176 million vs. $160-165M guidance.
• Co issues upside guidance for Q3, sees Q3 revs of $430-440 mln vs. $425.99 mln Capital IQ Consensus Estimate; EBITDA $160-165M vs. $161M est.
• Co issues in-line guidancefor FY18, sees FY18 revs of $1.68-1.72 bln from $1.60-1.70 bln vs. $1.68 bln Capital IQ Consensus Estimate; EBITDA $625-650M from $600-650M