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.
MTCH YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
MTCH Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
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% |