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Match Group

Match Group (MTCH) Q4 2025 Earnings

Reported May 5, 2026 at 4:11 PM ET · SEC Source

Q4 25 EPS

$0.83

MISS 18.83%

Est. $1.02

Q4 25 Revenue

$878.0M

BEAT +0.56%

Est. $873.1M

vs S&P Since Q4 25

+1.0%

BEATING MARKET

MTCH +3.4% vs S&P +2.4%

Full Year 2025 Results

FY 25 EPS

$2.38

FY 25 Revenue

$3.49B

Market Reaction

Did MTCH Beat Earnings? Q4 2025 Results

Match Group posted a stronger-than-expected first quarter for fiscal 2026, with total revenue of $864 million edging ahead of the $854.75 million consensus estimate by 1.08% and rising 4% year over year, as the company's accelerating monetization gai… Read more Match Group posted a stronger-than-expected first quarter for fiscal 2026, with total revenue of $864 million edging ahead of the $854.75 million consensus estimate by 1.08% and rising 4% year over year, as the company's accelerating monetization gains more than offset persistent headwinds in user counts. The most material driver of the beat was better-than-expected Tinder Direct Revenue and Payer trends, with consolidated Revenue Per Payer climbing 10% to $20.90 even as total Payers slipped 5% to 13.5 million. Net income surged 42% year over year to $167 million, and Adjusted EBITDA reached $343 million at a 40% margin. Hinge remained the portfolio's clearest growth engine, with Direct Revenue jumping 28% to $194 million and Adjusted EBITDA rising 66%. At least one analyst raised their price target on the stock following the results. Looking ahead, management guided Q2 revenue of $850 to $860 million and Adjusted EBITDA of $325 to $330 million, absorbing a combined $30 million drag from Tinder user experience testing and reduced Azar contributions.

Key Takeaways

  • • Revenue Per Payer increased 10% Y/Y to $20.90 across consolidated portfolio
  • • Tinder registrations returned to Y/Y growth in March for the first time since June 2024
  • • Hinge Direct Revenue grew 28% Y/Y driven by 15% Payer growth and 11% RPP growth
  • • Canada digital services tax rescission provided $11 million Adjusted EBITDA benefit
  • • Alternative payment savings drove cost of revenue down 11% Y/Y
  • • General and administrative costs decreased 20% Y/Y

MTCH Forward Guidance & Outlook

For Q2 2026, Match Group expects Total Revenue of $850 to $860 million (down 2% to flat Y/Y), including a 1-point FX tailwind. FXN revenue is expected down 1% to 3% Y/Y. Q2 guidance assumes a $10 million negative impact from Tinder's user experience tests and a $20 million negative impact from lower Azar Direct Revenue. Adjusted EBITDA is expected at $325 to $330 million, representing a 13% Y/Y increase and a 38% margin at midpoints. The company aims to re-establish Tinder as a growth business during 2027, with Hinge on a path to become a $1 billion revenue business by 2027. Management plans to use $424 million of cash to repay exchangeable senior notes maturing in June 2026.

24/7 Wall St

MTCH YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

MTCH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Match Group delivered a strong start to the year. Tinder works better today than it did before. Our product changes are resonating with Gen Z and driving improvements in leading indicators, which is a clear signal that Tinder's ecosystem is strengthening. Hinge delivered another strong quarter and launched category-first features for highly intentioned daters that are improving outcomes.”

— Spencer Rascoff, Q4 2025 Earnings Press Release

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