Match Group Q2 Revenue Misses, but Tinder Turnaround Gains Traction; Dividend Declared
MTCH sits 28% above its 52-week low of $28.81.
Summary
Match Group reported Q2 revenue of $853M, slightly below estimates, but Tinder's user engagement improved markedly and Hinge grew revenue 22%. The company declared a $0.20 dividend and provided Q3 guidance with Adjusted EBITDA up 10% at the midpoint.
Key Events · Earnings and Guidance · MTCH
-
Q2 Revenue Misses, But Profit Beats
Total Revenue of $853M was down 1% Y/Y, missing the $856.83M consensus. Net Income of $171M (up 36% Y/Y) and Adjusted EBITDA of $331M (up 14% Y/Y) exceeded expectations, with Adjusted EBITDA margin expanding to 39%.
-
Tinder Turnaround Gains Momentum
Tinder DAU declines narrowed to 4% Y/Y in Q2, the best result in 10 quarters, and improved to down ~2.5% in July. MAU declines also improved, with gains in top revenue countries and among women. Product changes like Events and improved algorithms are driving engagement.
-
Hinge Delivers 22% Revenue Growth
Hinge Direct Revenue grew 22% Y/Y to $204M, with Payers up 17% to 2.0M. The app entered 6 new European countries and 4 in Latin America, and is on track to reach $1B in revenue by 2027.
-
Dividend Declared, Buybacks Continue
Board declared a $0.20 per share dividend payable October 20, 2026. Year-to-date, the company repurchased 7.3M shares for $245M at an average price of $34, with $697M remaining under the repurchase program.
Analysis · MTCH · Technology
Match Group's second-quarter revenue of $853 million narrowly missed consensus, yet the spotlight falls on Tinder's accelerating turnaround. DAU declines narrowed to 4%—the best showing in 10 quarters—and July trends improved further. Meanwhile, Hinge remains a growth engine, posting 22% revenue growth alongside aggressive international expansion. The company also declared a $0.20 dividend and bought back $245 million in shares year-to-date, returning significant capital to shareholders. Guidance for the third quarter implies revenue down 2–3% but Adjusted EBITDA up 10%, reflecting margin expansion. Although the stock dropped 11% after hours on the revenue miss, the underlying user engagement metrics suggest the product-led turnaround is working.
At the time of this filing, MTCH was trading at $37.02 on NASDAQ in the Technology sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $28.81 to $41.40. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.