DALLAS (AP) _ Match Group Inc. (MTCH) on Tuesday reported fourth-quarter earnings of $132.2 million.
The Dallas-based company said it had profit of 45 cents per share. Earnings, adjusted for stock option expense, came to 51 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The online dating company posted revenue of $547.2 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $552.8 million.
For the year, the company reported profit of $534.7 million, or $1.81 per share. Revenue was reported as $2.05 billion.
Match Group shares have risen 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $82.93, a rise of 52% in the last 12 months.