Could Hinge Be Match Group's Next Tinder?
The most impressive part of online-dating conglomerate Match Group's (NASDAQ: MTCH) just-released third-quarter earnings report was hidden in an unexpected place. Hinge, a dating app Match acquired in 2019, has been leading the charge for Match's "Emerging Opportunities" category, thanks to its appeal among millennials looking for long-term relationships. Let's investigate whether Hinge could eventually become as big as sister app Tinder for its parent company.
Image source: Getty Images.
Tinder, the hookup-enabling app known for its "swipe right" feature, dominates Match's revenue. It has grown from around zero revenue in 2014 to an estimated $1.4 billion this year, driving more than 90% of the company's top-line growth in the last five years.
Source Fool.com
