Dating website matchbook

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The rating change comes after the company's better-than-expected earnings report, which included strong Tinder subscriber growth and an upbeat outlook.

The report helped send Match shares up 24% in Wednesday's session.

Russian authorities have ordered dating app Tinder to share user data and messages with government and intelligence agencies, in the latest sign of Moscow’s tightening grip over online activities in the country.

Companies that turn in better-than-expected earnings are rewarded by better-than-average stock returns.

Why Take-Two Interactive, Shopify, Match Group, and Advanced Micro Devices will continue to shine. shares are off 5.4% in Thursday morning trading after UBS analyst Eric Sheridan downgraded the stock to neutral from buy.

IAC/Interactive Corp is Match's largest shareholder, with the latest Form 4 filing with the Securities and Exchange Commission showing IAC owning 16,187,302 Match shares, or about 23% of the common stock outstanding.

Meanwhile, Match's stock rocketed 25% toward a record high, as strength in the online-dating company's Tinder business helped subscriber numbers, profit and revenue beat expectations.

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