Q2 25 EPS
$0.49
MISS 36.69%
Est. $0.77
Q2 25 Revenue
$863.7M
BEAT +1.13%
Est. $854.1M
vs S&P Since Q2 25
-7.6%
TRAILING MARKET
MTCH +11.2% vs S&P +18.8%
Market Reaction
Did MTCH Beat Earnings? Q2 2025 Results
Match Group delivered a mixed second quarter for fiscal 2025, posting revenue of $863.74 million, edging past the $854.11 million consensus estimate by 1.13% but landing flat year-over-year, while earnings per share of $0.49 fell sharply short of the… Read more Match Group delivered a mixed second quarter for fiscal 2025, posting revenue of $863.74 million, edging past the $854.11 million consensus estimate by 1.13% but landing flat year-over-year, while earnings per share of $0.49 fell sharply short of the $0.77 analyst expectation, a miss of 36.69%. The primary drag on the bottom line was a $14 million legal settlement with the FTC tied to a 2019 case alleging deceptive advertising practices on its Match.com platform, alongside $18 million in restructuring charges; stripped of both items, operating income would have grown 10% year-over-year rather than declining 5% to $194 million. Hinge was the quarter's standout, growing direct revenue 25% to $168 million, while Tinder continued to weigh on results with a 4% revenue decline and a 7% drop in payers. Looking ahead, management guided Q3 revenue of $910 to $920 million and raised full-year free cash flow guidance to $1.06 to $1.09 billion, buoyed by favorable tax law changes and improving cash conversion.
Key Takeaways
- • Hinge revenue growth of 25% Y/Y with MAU up nearly 20% Y/Y
- • RPP growth of 5% Y/Y to $20.00 partially offsetting 5% payer decline
- • Indirect (advertising) revenue up 15% Y/Y
- • Organizational restructuring at Tinder removing over 20% of managers
- • Favorable FX impact of approximately 1 point on revenue
- • Cost savings from shutdown of live streaming services and lower web services costs at Tinder
MTCH YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
MTCH Revenue by Segment
With YoY comparisons, source: SEC Filings
“Six months ago, we took a hard look at how we work, what we build, and what users want from our apps. We moved fast to reset the company culturally, organizationally, and strategically. We then began revitalizing our apps around clearer brand purpose and real user outcomes. Match Group is now oriented around urgency, accountability, and product obsession.”
— Spencer Rascoff, Q2 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% |