Companies /Communication Services

Match Group Inc - New

NASDAQ: MTCH Internet Content & Information
$41.17
▼ $0.90 (−2.14%) today
Markets open · 3:36pm ET

Q3 2025 Earnings

Reported Nov 4, 2025, 4:13pm ET · SEC source
$0.62
Miss −31.95%
EPS · est. $0.91
$914.3M
Beat +0.20%
Revenue · est. $912.4M
+7.9%
Beating market
MTCH vs S&P since report
4 quarters
Consecutive EPS misses

Market Reaction

% change · around the report
0+4%+8%Nov 4Nov 5report 4:13pm ETearnings+0.4%+8.8%
0+4%+8%Nov 4Nov 5earnings+0.4%+8.8%
MTCH +8.8%S&P 500 +0.4%
0+4%+8%Nov 4Nov 5report 4:13pm ETearnings+0.7%+8.8%
0+4%+8%Nov 4Nov 5earnings+0.7%+8.8%
MTCH +8.8%NASDAQ +0.7%
0+4%+8%Nov 3Nov 12report 4:13pm ETearnings+1.1%+6.9%
0+4%+8%Nov 3Nov 12earnings+1.1%+6.9%
MTCH +6.9%S&P 500 +1.1%
−4%0+4%+8%Nov 3Nov 12report 4:13pm ETearnings+0.3%+6.9%
−4%0+4%+8%Nov 3Nov 12earnings+0.3%+6.9%
MTCH +6.9%NASDAQ +0.3%
−2.92%
Day of report
+5.20%
Next session
+4.41%
One week
+9.41%
30 days

S&P 500 over the same 30 days: +1.55%.

Did MTCH Beat Earnings? Q3 2025 Results

Match Group delivered a mixed set of Q3 2025 results, posting revenue of $914.27 million, a 2.1% year-over-year gain that edged just past the $912.43 million consensus by 0.20%, while GAAP diluted EPS of $0.62 fell sharply short of the $0.91 analyst estimate, a miss of nearly 32% driven largely by a $61 million legal settlement charge tied to a decade-old Tinder age-based pricing lawsuit. Stripping out that one-time hit, the underlying business showed more resilience, with net income rising 18% year-over-year to $161 million and Hinge delivering $185 million in direct revenue, up 27% annually, helping cushion a 3% decline in Tinder's direct revenue to $491 million as paid users slipped 5% industrywide to 14.5 million amid growing swiping fatigue among younger audiences. Looking ahead, Match guided Q4 revenue to $865 million to $875 million and raised its full-year free cash flow outlook to $1.11 billion to $1.14 billion, with management targeting a broader turnaround "Resurgence" in 2026 and 2027 under CEO Spencer Rascoff's restructuring framework.

Key Takeaways
  • RPP increased 7% Y/Y to $20.58, partially offsetting 5% payer decline
  • Hinge sustained 27% Y/Y direct revenue growth with 17% payer growth
  • $100 million in annualized cost savings from earlier restructuring
  • Alternative payments rollout reducing processing fees
  • FX provided $12.2 million tailwind to Q3 revenue

“We've moved quickly to accelerate innovation, strengthen accountability, and build for long-term growth. Our strategy is showing real progress this quarter, as we achieved our revenue goals and made meaningful progress on our product roadmap.”

Match Group CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Match Group expects Total Revenue of $865 to $875 million (up 1-2% Y/Y), with FX providing a nearly 2.5-point Y/Y tailwind (FXN revenue expected down 1-2% Y/Y). Adjusted EBITDA is expected at $350 to $355 million (up ~9% Y/Y, 41% margin at midpoints). Q4 guidance includes an expected $14 million negative impact to Tinder Direct Revenue from user experience testing, a $9 million negative impact to MG Asia from Azar's block in Turkey, $4 million in restructuring costs, and an $8 million positive impact from an expected sale of one of two LA office buildings. Full-year 2025 Free Cash Flow guidance was raised to $1.11 to $1.14 billion. The company expects the 'Resurgence' phase of its turnaround to take hold in 2026 and 2027. Alternative payments rollout is expected to generate approximately $14 million in savings in Q4 2025 and roughly $90 million in savings in 2026.

MTCH YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$300.0M$600.0M$900.0M$895.5M$914.3MRevenue$210.7M$221.3MOperating Income$136.5M$160.7MNet Income
$0$300.0M$600.0M$900.0MRevenueOperating IncomeNet Income

MTCH Revenue by Segment

Tinder$491.0M−3.0%
Hinge$185.0M+27.0%
Evergreen & Emerging$152.0M−4.0%
Match Group Asia$69.0M−4.0%

Figures from SEC filings and company reports. Not investment advice.