Illustration: Lazaro Gamio/Axios

Tinder has been absolute gold for Match Group, which reported first quarter earnings yesterday that sent its stock up 12% to an all-time high.

Why it matters: There's been a lot of talk about the way millennials and Gen Z communicate and the growth of social networks like Facebook, Snap and Twitter, but no company has perfectly tapped the zeitgeist of young people coupling like Match Group.

By the numbers:

  • Tinder, which accounts for about two-thirds of Match's overall valuation and 55% of its subscribers, reported 4.7 million average subscribers, 1.3 million higher than last year.
  • In its earnings report Match Group said total quarterly revenue grew 14% year-over-year to $465 million. It also owns competing online dating properties Match.com, PlentyOfFish, OkCupid and Hinge. (Interestingly Match noted that FX losses because of the strong dollar knocked 4% off its revenue growth.)

The big picture: Match is in position to benefit from the trend of young people putting off marriage and staying single longer than ever before.

Recent data from Pew Research shows:

  • Half of Americans ages 18 and older were married in 2017, a share that is down 8 percentage points since 1990.
  • The median age at first marriage reached its highest point on record in 2018: 30 years for men and 28 years for women, according to the U.S. Census Bureau.
  • U.S. marriage rate are declining and divorce rates are rising among older Americans.
  • Young women today are much more likely to be working than in the past, making them less likely to get married.
  • About 6-in-10 millennials (57%) have never been married,more than 3 times as many as members of the Silent Generation when they were young.

Attitudes about online dating also are moving in Match's direction. The most recent available data from Pew shows only about 15% of American adults report having used online dating sites or apps, up from the 11% who reported doing so in early 2013. The most prominent growth has been in people 18–24, where it has nearly tripled, and people 55–64, which has doubled.

What to watch: The company also is diversifying globally, tapping into markets like India to further grow its reach. Match didn't break down earnings by country, but during the first quarter, it claimed a total of 8.61 million average subscribers — 4.36 million in North America and 4.25 million internationally.

Go deeper: How the new gamification of courtship works

Go deeper

Robert Mueller speaks out on Roger Stone commutation

Former Special Counsel Robert Mueller testifies before the House Permanent Select Committee on Intelligence on Capitol Hill on Wednesday July 24, 2019. Photo: The Washington Post / Contributor

Former special counsel Robert Mueller responded to claims from President Trump and his allies that Roger Stone was a "victim" in the Justice Department's investigation into Russian interference in the 2016 election, writing in a Washington Post op-ed published Saturday: "He remains a convicted felon, and rightly so."

Why it matters: The rare public comments by Mueller come on the heels of President Trump's move to commute the sentence of his longtime associate, who was sentenced in February to 40 months in prison for crimes stemming from the Russia investigation. The controversial decision brought an abrupt end to the possibility of Stone spending time behind bars.

Trump dons face mask during Walter Reed visit

Trump wearing a face mask in Walter Reed National Military Medical Center on July 11. Photo: Alex Edelman/AFP via Getty Images

President Trump wore a face mask during his Saturday visit to Walter Reed National Military Medical Center, according to AP.

Why it matters: This is the first known occasion the president has appeared publicly with a facial covering as recommended by health officials since the coronavirus pandemic began, AP writes.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 12,607,510 — Total deaths: 562,338 — Total recoveries — 6,948,863Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 3,228,884 — Total deaths: 134,600 — Total recoveries: 983,185 — Total tested: 38,919,421Map.
  3. Public health: Jimmy and Rosalynn Carter: "Please wear a mask to save lives" Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  4. Food: How the coronavirus pandemic boosted alternative meat.
  5. Sports: Charge of "money grab" by college football.
  6. World: India reimposes lockdowns as coronavirus cases soar.