Howard Robertson launches Ode Audio, a digital and music app to aggregate and stream Black-owned radio and Black-created podcasts bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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Match Group (
MTCH) - Get Report shares traded higher Wednesday after the company behind dating apps Tinder and Hinge forecast better-than-expected revenue this quarter amid ongoing COVID vaccine rollouts and corresponding business reopenings.
Match shares were up 7.6% at $149.49 in early trading after the company posted first-quarter earnings that were better than Wall Street forecasts and revenue that rang in higher than anticipated, driven by an 18% increase in direct revenue from its hookup app Tinder.
For the first quarter, Match s revenue jumped 23% to $668 million vs. estimates of $650.7 million. Other brands saw a revenue rise of 30%, the company said. On a per-share basis, the company earned 57 cents, 17 cents more than expected by analysts polled by FactSet.
Telia Carrier and Cologix expand partnership in Western Canada to drive high capacity at the edge totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.
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Twitter (
TWTR) - Get Report shares sank on Friday after the social media platform posted first-quarter results that beat analysts’ forecasts but also slower user growth than some of its competitors.
Twitter reported earnings of $68 million, or 16 cents a share, above the 14 cents a share for the quarter that analysts polled by FactSet had been expecting. Revenue totaled $1.04 billion, up 28% and above analysts’ forecasts of $1 billion.
What left analysts “less enthused” was Twitters user growth rate, which grew by 7 million from the fourth quarter to 199 million but still fell shy of forecasts.
Twitter’s overall more-moderate sales and earnings growth relative to competitors like Facebook (