February 3, 2016 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating Match Group, Inc. (“Match” or the “Company”) (Nasdaq: MTCH) for potential violations of the federal securities laws. Investors who purchased the Company’s common stock since the Company’s initial public offering of common stock on November 18, 2015 at $12 per share on may be affected.
On November 18, 2015, Match conducted an initial public offering of 33 million shares at $12 per share. On February 2, 2016, after the close of the market, Match disclosed its financial results for the quarter and year ended December 31, 2015 – its first quarterly disclosure of financial results as a public company.
The Company disclosed that average revenue per paid user (“ARPPU”) was $0.53 during the quarter ended December 31, 2015, down 14% from $0.62 in the same year-ago period, as a result of, in material part, a shift toward lower ARPPU platforms like Tinder, PlentyOfFish, and OkCupid. Further, the Company reported that based on generally accepted accounting principles, net income fell 25% year over year to $35.6 million and dropped 44% on a per-share basis to $0.16.
On February 3, 2016, Match shares closed at $10.73 per share, a decline of $1.46 per share from the closing price on February 2, 2016 of $12.16 per share, or approximately 12%.
If you purchased Match common stock and would like to discuss our investigation, please contact us by e-mailing
or by calling 800-290-1952.
Attorneys: Laurence D. King, Jeffrey P. Campisi