Investors Shouldn't Be So Quick to Swipe Left on Tinder's Owner

The business has been lucrative for the biggest player, InterActiveCorp and its listed subsidiary, Match Group, which owns Tinder, OkCupid and Match.com. That explains why shares of IAC and Match nose-dived 20% and 25%, respectively, when Mark Zuckerberg said Facebook would enter the dating scene. IAC and Match just offered a strong retort, posting first-quarter earnings that beat analysts' expectations. IAC, which owns 22% of Match and brands including ANGI Homeservices and Vimeo, reported revenue of $995 million, topping estimates for $922 million. Match Group, its largest subsidiary, grew 36% year-over-year to $407 million, notching the highest quarterly revenue growth since it went public in November 2015.