Match Group's Profit Shows Steep Rise

Match Group, which also owns dating apps OkCupid, Match.com and Plenty of Fish, reported a profit of $99.74 million for the quarter ended March 31, compared with a profit of $20.05 million a year earlier. Analysts had projected profit of $56 million, according to a survey by FactSet. Revenue increased to $407.37 million, from $298.76 million a year ago. Analysts had forecast $386 million in revenue. Revenue at Tinder increased more than 150% compared with a year ago.