Q1 25 EPS
$0.44
MISS 33.11%
Est. $0.66
Q1 25 Revenue
$831.2M
BEAT +0.46%
Est. $827.4M
vs S&P Since Q1 25
+10.8%
BEATING MARKET
MTCH +43.9% vs S&P +33.0%
Market Reaction
Did MTCH Beat Earnings? Q1 2025 Results
Match Group delivered a mixed first quarter for 2025, with revenue edging past expectations while earnings fell well short, painting a picture of a company in transition under new CEO Spencer Rascoff. Revenue came in at $831.18 million, narrowly beat… Read more Match Group delivered a mixed first quarter for 2025, with revenue edging past expectations while earnings fell well short, painting a picture of a company in transition under new CEO Spencer Rascoff. Revenue came in at $831.18 million, narrowly beating the $827.36 million consensus by 0.46% but still declining 3.3% year-over-year, while GAAP diluted EPS of $0.44 missed the $0.66 consensus estimate by 33.11%, weighed down in part by restructuring costs tied to a sweeping organizational overhaul. The headline strategic move was a 13% workforce reduction, approximately 325 jobs, aimed at generating more than $100 million in annualized savings as Rascoff dismantles the company's brand-silo structure in favor of a centralized, product-led model. Tinder, still the largest brand, saw direct revenue fall 7% year-over-year to $447 million, while Hinge provided the brightest spot with 23% revenue growth to $152 million. Management held full-year revenue guidance steady at $3.38 billion to $3.50 billion, projecting Q2 revenue of $850 million to $860 million.
Key Takeaways
- • Hinge direct revenue grew 23% Y/Y driven by strong user growth with payers up 19% and RPP up 3%
- • Indirect (advertising) revenue hit a record quarter, up 31% Y/Y driven by increased spend from top advertisers
- • Consolidated RPP grew 1% Y/Y to $19.07 partially offsetting payer declines
- • Favorable FX trends contributed approximately $19 million more than anticipated
- • Ongoing rigorous cost management with total expenses down 2% Y/Y
- • Cost of revenue decreased 8% Y/Y driven by lower IAP fees and reduced live streaming costs
MTCH YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
MTCH Revenue by Segment
With YoY comparisons, source: SEC Filings
“In my first full quarter as CEO, we've moved quickly to reinvigorate the business and this quarter's results show early traction. In just a few months, we've unlocked significant cross-company synergies, reorganized our largest business unit, accelerated product development, and brought greater focus and discipline to how we work. The organization is moving faster, aligned on sharper priorities, and beginning to deliver against the strategy we've put in place.”
— Spencer Rascoff, Q1 2025 Earnings Press Release
MTCH Earnings Trends
MTCH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MTCH EPS Trend
Earnings per share: estimate vs actual
MTCH Revenue Trend
Quarterly revenue: estimate vs actual
MTCH Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | $0.86 | — | — | $864.0M | +1.08% |
| Q4 25 MISS FY | $1.02 | $0.83 | -18.83% | $878.0M | +0.56% |
| FY Full Year | — | $2.38 | — | $3.49B | — |
| Q3 25 MISS | $0.91 | $0.62 | -31.95% | $914.3M | +0.20% |
| Q2 25 MISS | $0.77 | $0.49 | -36.69% | $863.7M | +1.13% |
| Q1 25 MISS | $0.66 | $0.44 | -33.11% | $831.2M | +0.46% |