February 5, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Match Group Inc (NASDAQ:MTCH) shares over potential securities laws violations by Match Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Match Group Inc (NASDAQ:MTCH) concerning whether a series of statements by Match Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Match Group Inc reported that its annual Total Revenue rose from $803.09 million in 2013 to $888.27 million in 2014 and that its Net Income rose from $125 million in 2013 to $147.76 million in 2014.

On November 19, 2015, Match Group conducted its initial public offering (IPO), selling 33,333,333 shares at $12.00 per share.

Shares of Match Group Inc (NASDAQ:MTCH) reached as high as $15.20 per share on November 20, 2015.


On February 2, 2016, Match Group Inc (NASDAQ:MTCH) reported its fourth quarter and full year 2015 results. Among other things, Match Group Inc disclosed that its fourth quarter net income declined from $48.27 million in the fourth quarter 2014 to $35.59 million in the fourth quarter 2015 and that its annual Net income declined from $147.76 million in 2014 to $120.38 million in 2015.
Shares o Match Group Inc (NASDAQ:MTCH) declined to as low as $8.75 per share on February 4, 2016.

According to the investigation Match Group Inc revealed a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms.

On February 5, 2016, NASDAQ:MTCH shares closed at $9.30 per share.