Match Rises After Revenue and Profit Beat Hint at Turnaround

Shares of Match Group Inc. jumped by the most in more than three years after the company posted fourth-quarter results that broadly beat expectations, an early sign that its turnaround strategy is resonating with younger daters.

Revenue in the three months ended Dec. 31 grew to $878 million, the company said in a statement on Tuesday, citing its app Hinge as a standout. Wall Street was projecting $871.4 million, according to Bloomberg-compiled data. Earnings per share came to 83 cents, also above the average analyst estimate.