Match Group Announces First Quarter Results
Rhea-AI Summary
Match Group (NASDAQ: MTCH) reported Q1 2026 results: Revenue $864M (+4% Y/Y; FXN flat), Net income $167M (+42% Y/Y), Adjusted EBITDA $343M (+25% Y/Y; 40% margin). Tinder registrations returned to Y/Y growth in March; Hinge Direct Revenue rose 28% Y/Y. Q2 revenue guide: $850–$860M.
Positive
- Revenue $864M, up 4% Y/Y
- Net income $167M, up 42% Y/Y
- Adjusted EBITDA $343M, up 25% Y/Y (40% margin)
- Hinge Direct Revenue +28% Y/Y
- Tinder registrations returned to Y/Y growth in March
- Repurchased 2.7M shares through April (≈$82M)
Negative
- Payers down 5% Y/Y to 13.5 million
- Total operating costs still represent 73% of revenue
- Long-term debt of $4.0B remains high
- Impairment and amortization of intangibles up 222% Y/Y
Key Figures
Market Reality Check
Peers on Argus
Peers in Internet Content & Information showed mixed, mostly modest moves (e.g., DJT -1.76%, SNAP -1.12%, IAC +0.44%, BZ +0.95%, ATHM -1.02%). No peers appeared in the momentum scanner, suggesting the reaction to this earnings report is stock-specific rather than a broad sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 04 | Q3 2025 earnings | Positive | +5.2% | Q3 2025 revenue and net income growth with higher RPP and strong cash flow. |
| Aug 05 | Q2 2025 earnings | Positive | +10.5% | Q2 2025 results with stable revenue, strong Hinge growth, and capital returns. |
| May 08 | Q1 2025 earnings | Negative | -9.6% | Q1 2025 revenue decline, payer pressure, and major restructuring announcement. |
| Nov 06 | Q3 2024 earnings | Neutral | -17.9% | Release of Q3 2024 results via shareholder letter and conference call details. |
| Jul 30 | Q2 2024 earnings | Neutral | +13.2% | Q2 2024 results posted with webcast and replay access for investors. |
Recent earnings releases have often produced sizable moves, with several double‑digit reactions and generally positive responses when results or outlook improved.
Over the past earnings cycles, Match Group has reported modest revenue growth with mixed payer trends but improving profitability. Prior updates highlighted rising RPP, restructuring to cut costs, and strong Hinge performance. Share repurchases and dividends have been a consistent capital return theme. Reactions to earnings have ranged from about -18% to over +13%, with positive moves when execution and guidance improved and selloffs when results or commentary disappointed. Today’s Q1 2026 release fits into that ongoing transformation narrative.
Historical Comparison
In the past 5 earnings releases, MTCH’s average one-day move was about 0.29%, with several large swings around detailed financial updates and guidance.
Earnings updates show a shift from restructuring and flat revenue in 2025 toward improving margins, higher RPP, and continued capital returns into 2026.
Regulatory & Risk Context
An effective S-3ASR shelf registration filed on 2026-02-26 allows Match Group and certain selling securityholders to offer common stock, preferred stock, debt securities, warrants, purchase contracts, and units from time to time. The filing notes the company will not receive proceeds from shares sold by selling securityholders; terms of any primary offerings would be detailed in prospectus supplements.
Market Pulse Summary
This announcement details Q1 2026 results with $864 million in revenue, $167 million in net income, and $343 million in Adjusted EBITDA, highlighting higher RPP but fewer Payers. It also underscores capital returns via buybacks and dividends and a $100 million Sniffies investment. Recent earnings history shows large one‑day moves around detailed updates. Investors may monitor future payer trends, execution on cost savings, leverage around $4.0 billion of debt, and any use of the effective S‑3ASR shelf registration.
Key Terms
adjusted EBITDA financial
free cash flow financial
exchangeable senior notes financial
revolving credit facility financial
dividend equivalent units financial
rsus financial
warrants financial
shelf registration regulatory
AI-generated analysis. Not financial advice.
Tinder Registrations Returned to Y/Y Growth in March, Marking First Increase in Nearly Two Years
Hinge Launches Category-First Features and Delivers Strong Revenue Growth
"Match Group delivered a strong start to the year," said CEO Spencer Rascoff. "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."
In Q1, Tinder demonstrated measurable progress across key metrics and strengthened user trends, with global MAU retention and registrations returning to year-over-year growth in March, while Hinge delivered
Rascoff continued, "We are maintaining disciplined execution across the business, driving efficiency while continuing to invest in our highest-priority growth opportunities. We've built a stronger foundation for the business over the past year, and are well-positioned to drive continued progress throughout 2026 and beyond."
Match Group Q1 2026 Financial Highlights
- Total Revenue of
$864 million 4% year-over-year ("Y/Y"), flat on a foreign exchange ("FX") neutral basis ("FXN"), driven by a10% Y/Y increase in RPP to$20.90 5% Y/Y decline in Payers to 13.5 million. - Net Income of
$167 million 42% Y/Y, representing a Net Income Margin of19% . - Adjusted EBITDA of
$343 million 25% Y/Y, representing an Adjusted EBITDA Margin of40% . - Operating Cash Flow and Free Cash Flow were
$194 million $174 million - Repurchased 2.0 million of our shares at an average price of
$31 $60 million $44 million $75 million 103% of Free Cash Flow in total. - Diluted shares outstanding1 were 242 million as of April 30, 2026, a decrease of 13 million shares, or
5% , since April 30, 2025.
The following table summarizes total company consolidated financial results for the three months ended March 31, 2026 and 2025.
Three Months Ended March 31, | |||||
(Dollars in millions, except RPP, Payers in thousands) | 2026 | 2025 | Y/Y | ||
Total Revenue | $ 864 | $ 831 | 4 % | ||
Direct Revenue | $ 812 | 4 % | |||
Net income attributable to Match Group, Inc. shareholders | $ 167 | $ 118 | 42 % | ||
Net Income Margin | 19 % | 14 % | |||
Adjusted EBITDA | $ 343 | $ 275 | 25 % | ||
Adjusted EBITDA Margin | 40 % | 33 % | |||
Payers | 13,521 | 14,198 | (5) % | ||
RPP | 10 % | ||||
Other Quarterly Highlights:
- • Tinder's product-led turnaround is underway, with leading indicators improving. In March, Sparks (a proxy for real connection) declined just
1% Y/Y, while Sparks Coverage (a core engagement metric for conversations) increased6% Y/Y. In March, MAU trends also improved, down7% Y/Y, the slowest rate of decline in 31 months, and new user registrations returned to Y/Y growth. These trends reflect ongoing product enhancements, including improved recommendations, new features like Astrology Mode and Music Mode, and continued investment in Trust & Safety. - • Hinge fully rolled out Face Check™ across key markets, reducing interactions with bad actors2 by 20
-30% with minimal impact on revenue. - • Match Group made a significant
$100 million $10 million - • Match Group continued to simplify its organization, folding MG Asia into its E&E business unit, which is expected to result in roughly
$15 million Asia -based businesses, closer to the rest of the Company, and theSeoul -based engineering talent to Tinder. The Company also further centralized performance marketing, driving improved coordination across nearly$600 million
A webcast of our first quarter 2026 results will be available at https://ir.mtch.com, along with our Prepared Remarks and Supplemental Financial Materials. The webcast will begin today, May 5, 2026, at 5:00 PM Eastern Time. This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site.
Financial Outlook
For Q2 2026, Match Group expects:
- Total Revenue of
$850 $860 million 2% to flat Y/Y. - Adjusted EBITDA of
$325 $330 million 13% at the midpoints of the ranges. - Adjusted EBITDA Margin of
38% at the midpoints of the ranges.
Dividend Declaration
Match Group's Board of Directors has declared a cash dividend of
Financial Results
Consolidated Operating Costs and Expenses
Three Months Ended March 31, | |||||||||
(Dollars in thousands) | 2026 | % of | 2025 | % of | Y/Y Change | ||||
Cost of revenue | $ 210,656 | 24 % | $ 236,908 | 29 % | (11) % | ||||
Selling and marketing expense | 163,030 | 19 % | 157,096 | 19 % | 4 % | ||||
General and administrative expense | 89,128 | 10 % | 111,520 | 13 % | (20) % | ||||
Product development expense | 116,805 | 14 % | 120,854 | 15 % | (3) % | ||||
Depreciation | 14,132 | 2 % | 21,729 | 3 % | (35) % | ||||
Impairments and amortization of intangibles | 33,767 | 4 % | 10,478 | 1 % | 222 % | ||||
Total operating costs and expenses | $ 627,518 | 73 % | $ 658,585 | 79 % | (5) % | ||||
Liquidity and Capital Resources
During the three months ended March 31, 2026, we generated operating cash flow of
During the quarter ended March 31, 2026, we repurchased 2.0 million shares of our common stock for
As of March 31, 2026, we had
On April 21, 2026, we paid a dividend of
On April 23, 2026, we used
GAAP Financial Statements
Consolidated Statement of Operations
Three Months Ended March 31, | |||
2026 | 2025 | ||
(In thousands, except per share data) | |||
Revenue | $ 863,934 | $ 831,178 | |
Operating costs and expenses: | |||
Cost of revenue (exclusive of depreciation shown separately below) | 210,656 | 236,908 | |
Selling and marketing expense | 163,030 | 157,096 | |
General and administrative expense | 89,128 | 111,520 | |
Product development expense | 116,805 | 120,854 | |
Depreciation | 14,132 | 21,729 | |
Impairment and amortization of intangibles | 33,767 | 10,478 | |
Total operating costs and expenses | 627,518 | 658,585 | |
Operating income | 236,416 | 172,593 | |
Interest expense | (42,525) | (35,256) | |
Other income, net | 6,640 | 2,616 | |
Income before income taxes | 200,531 | 139,953 | |
Income tax provision | (33,686) | (22,382) | |
Net income | 166,845 | 117,571 | |
Net income attributable to noncontrolling interests | (8) | (1) | |
Net income attributable to Match Group, Inc. shareholders | $ 166,837 | $ 117,570 | |
Net earnings per share attributable to Match Group, Inc. shareholders: | |||
Basic | $ 0.71 | $ 0.47 | |
Diluted | $ 0.68 | $ 0.44 | |
Basic shares outstanding | 233,441 | 251,130 | |
Diluted shares outstanding | 251,477 | 271,928 | |
Stock-based compensation expense by function: | |||
Cost of revenue | $ 1,467 | $ 1,835 | |
Selling and marketing expense | 2,608 | 2,742 | |
General and administrative expense | 19,762 | 27,006 | |
Product development expense | 34,730 | 38,811 | |
Total stock-based compensation expense | $ 58,567 | $ 70,394 | |
Consolidated Balance Sheet
March 31, 2026 | December 31, 2025 | ||
(In thousands) | |||
ASSETS | |||
Cash and cash equivalents | $ 1,020,095 | $ 1,027,838 | |
Short-term investments | 3,298 | 3,461 | |
Accounts receivable, net | 293,186 | 303,495 | |
Other current assets | 105,609 | 92,500 | |
Total current assets | 1,422,188 | 1,427,294 | |
Property and equipment, net | 138,877 | 131,159 | |
Goodwill | 2,336,995 | 2,339,350 | |
Intangible assets, net | 152,411 | 192,929 | |
Deferred income taxes | 195,649 | 216,057 | |
Other non-current assets | 161,817 | 154,022 | |
TOTAL ASSETS | $ 4,407,937 | $ 4,460,811 | |
LIABILITIES AND SHAREHOLDERS' EQUITY | |||
LIABILITIES | |||
Current maturities of long-term debt, net | $ 423,729 | $ 423,580 | |
Accounts payable | 9,309 | 9,577 | |
Deferred revenue | 150,252 | 151,337 | |
Accrued expenses and other current liabilities | 323,303 | 422,051 | |
Total current liabilities | 906,593 | 1,006,545 | |
Long-term debt, net of current maturities | 3,550,473 | 3,549,099 | |
Income taxes payable | 45,873 | 43,522 | |
Deferred income taxes | 1,781 | 10,732 | |
Other long-term liabilities | 121,334 | 104,309 | |
Commitments and contingencies | |||
SHAREHOLDERS' EQUITY | |||
Common stock | 303 | 300 | |
Additional paid-in capital | 8,661,187 | 8,721,015 | |
Retained deficit | (5,799,470) | (5,966,307) | |
Accumulated other comprehensive loss | (434,141) | (422,620) | |
Treasury stock | (2,645,996) | (2,585,892) | |
Total Match Group, Inc. shareholders' equity | (218,117) | (253,504) | |
Noncontrolling interests | — | 108 | |
Total shareholders' equity | (218,117) | (253,396) | |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 4,407,937 | $ 4,460,811 | |
Consolidated Statement of Cash Flows
Three Months Ended March 31, | |||
2026 | 2025 | ||
(In thousands) | |||
Cash flows from operating activities: | |||
Net income | $ 166,845 | $ 117,571 | |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Stock-based compensation expense | 58,567 | 70,394 | |
Depreciation | 14,132 | 21,729 | |
Impairments and amortization of intangibles | 33,767 | 10,478 | |
Deferred income taxes | 11,641 | (3,722) | |
Other adjustments, net | 2,211 | 5,325 | |
Changes in assets and liabilities | |||
Accounts receivable | 8,992 | 2,510 | |
Other assets | (9,450) | 15,230 | |
Accounts payable and other liabilities | (98,042) | (49,339) | |
Income taxes payable and receivable | 6,491 | 11,525 | |
Deferred revenue | (796) | (8,584) | |
Net cash provided by operating activities | 194,358 | 193,117 | |
Cash flows from investing activities: | |||
Capital expenditures | (20,384) | (15,427) | |
Other, net | — | (1,067) | |
Net cash used in investing activities | (20,384) | (16,494) | |
Cash flows from financing activities: | |||
Principal payments on Term Loan | — | (425,000) | |
Proceeds from issuance of common stock pursuant to stock-based awards | — | 378 | |
Withholding taxes paid on behalf of employees on net settled stock-based | (74,848) | (78,749) | |
Dividends | (44,189) | (47,791) | |
Purchase of treasury stock | (60,104) | (188,676) | |
Purchase of noncontrolling interests | (232) | (84) | |
Other, net | — | (374) | |
Net cash used in financing activities | (179,373) | (740,296) | |
Total cash used | (5,399) | (563,673) | |
Effect of exchange rate changes on cash and cash equivalents | (2,344) | 7,102 | |
Net decrease in cash and cash equivalents | (7,743) | (556,571) | |
Cash, cash equivalents, and restricted cash at beginning of period | 1,027,838 | 965,993 | |
Cash, cash equivalents, and restricted cash at end of period | $ 1,020,095 | $ 409,422 | |
Reconciliations of GAAP to Non-GAAP Measures
Reconciliation of Net Income to Adjusted EBITDA
Three Months Ended March 31, | |||
2026 | 2025 | ||
(Dollars in thousands) | |||
Net income attributable to Match Group, Inc. shareholders | $ 166,837 | $ 117,570 | |
Add back: | |||
Net income attributable to noncontrolling interests | 8 | 1 | |
Income tax provision | 33,686 | 22,382 | |
Other income, net | (6,640) | (2,616) | |
Interest expense | 42,525 | 35,256 | |
Stock-based compensation expense | 58,567 | 70,394 | |
Depreciation | 14,132 | 21,729 | |
Impairment and amortization of intangibles | 33,767 | 10,478 | |
Adjusted EBITDA | $ 342,882 | $ 275,194 | |
Revenue | $ 863,934 | $ 831,178 | |
Net Income Margin | 19 % | 14 % | |
Adjusted EBITDA Margin | 40 % | 33 % | |
Reconciliation of Net Income to Adjusted EBITDA used in Leverage Ratios
Twelve months March 31, 2026 | |
(In thousands) | |
Net income attributable to Match Group, Inc. shareholders | $ 662,713 |
Add back: | |
Net income attributable to noncontrolling interests | 22 |
Income tax provision | 143,846 |
Other income, net | (25,049) |
Interest expense | 154,820 |
Stock-based compensation expense | 246,375 |
Depreciation | 59,515 |
Impairment and amortization of intangibles | 61,837 |
Adjusted EBITDA | $ 1,304,079 |
Reconciliation of Operating Cash Flow to Free Cash Flow
Three months | |
(In thousands) | |
Net cash provided by operating activities | $ 194,358 |
Capital expenditures | (20,384) |
Free Cash Flow | $ 173,974 |
Reconciliation of Forecasted Net Income to Forecasted Adjusted EBITDA
Three Months | |
(In millions) | |
Net income attributable to Match Group, Inc. shareholders | |
Add back: | |
Income tax provision | 40 |
Other income, net | (6) |
Interest expense | 43 |
Stock-based compensation expense | 65 |
Depreciation and amortization of intangibles | 23 |
Adjusted EBITDA | |
Revenue | |
Net Income Margin (at the mid-point of the ranges) | 19 % |
Adjusted EBITDA Margin (at the mid-point of the ranges) | 38 % |
Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects
Three Months Ended March 31, | |||||||
2026 | $ Change | % Change | 2025 | ||||
(Dollars in millions, rounding differences may occur) | |||||||
Total Revenue, as reported | $ 863.9 | $ 32.8 | 4 % | $ 831.2 | |||
Foreign exchange effects | (31.6) | ||||||
Total Revenue, excluding foreign exchange effects | $ 832.3 | $ 1.1 | — % | $ 831.2 | |||
Dilutive Securities
Match Group has various tranches of dilutive securities. The table below details these securities and their potentially dilutive impact (shares in millions; rounding differences may occur).
Average Exercise | 4/30/2026 | ||
Share Price | |||
Absolute Shares | 233.3 | ||
Equity Awards | |||
Options | 0.1 | ||
RSUs and subsidiary denominated equity awards | 9.0 | ||
Total Dilution - Equity Awards | 9.1 | ||
Outstanding Warrants | |||
Warrants expiring on September 15, 2026 (5.0 million outstanding) | — | ||
Warrants expiring on April 15, 2030 (7.1 million outstanding) | — | ||
Total Dilution - Outstanding Warrants | — | ||
Total Dilution | 9.1 | ||
% Dilution | 3.8 % | ||
Total Diluted Shares Outstanding | 242.4 |
______________________
The dilutive securities presentation above is calculated using the methods and assumptions described below; these are different from GAAP dilution, which is calculated based on the treasury stock method.
Options — The table above assumes the options are settled net of the option exercise price and employee withholding taxes, as is our practice, and the dilutive effect is presented as the net shares that would be issued upon exercise. Withholding taxes paid by the Company on behalf of the employees upon exercise is estimated to be
RSUs and subsidiary denominated equity awards — The table above assumes RSUs are settled net of employee withholding taxes, as is our practice, and the dilutive effect is presented as the net number of shares that would be issued upon vesting. Withholding taxes paid by the Company on behalf of the employees upon vesting is estimated to be
All performance-based and market-based awards reflect the expected shares that will vest based on current performance or market estimates. The table assumes no change in the fair value estimate of the subsidiary denominated equity awards from the values used for GAAP purposes at March 31, 2026.
Exchangeable Senior Notes — The Company has two series of Exchangeable Senior Notes outstanding. In the event of an exchange, each series of Exchangeable Senior Notes can be settled in cash, shares, or a combination of cash and shares. At the time of each Exchangeable Senior Notes issuance, the Company purchased call options with a strike price equal to the exchange price of each series of Exchangeable Senior Notes ("Note Hedge"), which can be used to offset the dilution of each series of the Exchangeable Senior Notes. No dilution is reflected in the table above for any of the Exchangeable Senior Notes because it is the Company's intention to settle the Exchangeable Senior Notes with cash equal to the face amount of the notes; any shares issued would be offset by shares received upon exercise of the Note Hedge.
Warrants — At the time of the issuance of each series of Exchangeable Senior Notes, the Company also sold warrants for the number of shares with the strike prices reflected in the table above. The cash generated from the exercise of the warrants is assumed to be used to repurchase Match Group shares and the resulting net dilution, if any, is reflected in the table above.
Non-GAAP Financial Measures
Match Group reports Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, and Revenue Excluding Foreign Exchange Effects, all of which are supplemental measures to
Definitions of Non-GAAP Measures
Adjusted EBITDA is defined as net income attributable to Match Group, Inc. shareholders excluding: (1) net income attributable to noncontrolling interests; (2) income tax provision or benefit; (3) other income (expense), net; (4) interest expense; (5) depreciation; (6) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable and (ii) gains and losses recognized on changes in fair value of contingent consideration arrangements, as applicable; and (7) stock-based compensation expense. We believe Adjusted EBITDA is useful to analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjusted EBITDA has certain limitations because it excludes certain expenses.
Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenues. We believe Adjusted EBITDA Margin is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjusted EBITDA Margin has certain limitations in that it does not take into account the impact to our consolidated statement of operations of certain expenses.
Free Cash Flow is defined as net cash provided by operating activities, less capital expenditures. We believe Free Cash Flow is useful to investors because it represents the cash that our operating businesses generate, before taking into account non-operational cash movements. Free Cash Flow has certain limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it represent the residual cash flow for discretionary expenditures. Therefore, we think it is important to evaluate Free Cash Flow along with our consolidated statement of cash flows.
We look at Free Cash Flow as a measure of the strength and performance of our businesses, not for valuation purposes. In our view, applying "multiples" to Free Cash Flow is inappropriate because it is subject to timing, seasonality and one-time events. We manage our business for cash, and we think it is of utmost importance to maximize cash – but our primary valuation metric is Adjusted EBITDA.
Revenue Excluding Foreign Exchange Effects is calculated by translating current period revenues using prior period exchange rates. The percentage change in Revenue Excluding Foreign Exchange Effects is calculated by determining the change in current period revenues over prior period revenues where current period revenues are translated using prior period exchange rates. We believe the impact of foreign exchange rates on Match Group, due to its global reach, may be an important factor in understanding period over period comparisons if movement in rates is significant. Since our results are reported in
Non-Cash Expenses That Are Excluded From Our Non-GAAP Measures
Stock-based compensation expense consists principally of expense associated with the grants of RSUs, performance-based RSUs, and market-based awards. These expenses are not paid in cash, and we include the related shares in our fully diluted shares outstanding using the treasury stock method; however, performance-based RSUs and market-based awards are included only to the extent the applicable performance or market condition(s) have been met (assuming the end of the reporting period is the end of the contingency period). To the extent stock-based awards are settled on a net basis, we remit the required tax-withholding amounts from our current funds.
Depreciation is a non-cash expense relating to our property and equipment and is computed using the straight-line method to allocate the cost of depreciable assets to operations over their estimated useful lives, or, in the case of leasehold improvements, the lease term, if shorter.
Amortization of intangible assets and impairments of goodwill and intangible assets are non-cash expenses related primarily to acquisitions. At the time of an acquisition, the identifiable definite-lived intangible assets of the acquired company, such as customer lists, trade names and technology, are valued and amortized over their estimated lives. Value is also assigned to (i) acquired indefinite-lived intangible assets, which consist of trade names and trademarks, and (ii) goodwill, which are not subject to amortization. An impairment is recorded when the carrying value of an intangible asset or goodwill exceeds its fair value. We believe that intangible assets represent costs incurred by the acquired company to build value prior to acquisition and the related amortization and impairment charges of intangible assets or goodwill, if applicable, are not ongoing costs of doing business.
Additional Definitions
Tinder consists of the world-wide activity of the brand Tinder®.
Hinge consists of the world-wide activity of the brand Hinge®.
Evergreen & Emerging ("E&E") consists of the world-wide activity of our Evergreen brands, including Match®, Meetic®, OkCupid®, Plenty Of Fish®, and a number of demographically focused brands, and our Emerging brands, including BLK®, ChispaTM, The League®, Upward®, YuzuTM, Salams®, HERTM, and other smaller brands.
Match Group Asia ("MG Asia") consists of the world-wide activity of the brands Pairs® and Azar®.
Direct Revenue is revenue that is received directly from end users of our services and includes both subscription and à la carte revenue.
Indirect Revenue is revenue that is not received directly from end users of our services, a majority of which is advertising revenue.
Sparks the number of users engaging in six-way conversations on Tinder.
Sparks Coverage the percentage of our users who experience a Spark in a given period on Tinder.
Payers are unique users at a brand level in a given month from whom we earned Direct Revenue. When presented as a quarter-to-date or year-to-date value, Payers represents the average of the monthly values for the respective period presented. At a consolidated level and a business unit level to the extent a business unit consists of multiple brands, duplicate Payers may exist when we earn revenue from the same individual at multiple brands in a given month, as we are unable to identify unique individuals across brands in the Match Group portfolio.
Revenue Per Payer ("RPP") is the average monthly revenue earned from a Payer and is Direct Revenue for a period divided by the Payers in the period, further divided by the number of months in the period.
Monthly Active User ("MAU") is a unique registered user at a brand level who has visited the brand's app or, if applicable, their website in the given month. For measurement periods that span multiple months, the average of each month is used. At a consolidated level and a business unit level to the extent a business unit consists of multiple brands, duplicate users will exist within MAU when the same individual visits multiple brands in a given month.
Leverage on a gross basis is calculated as principal debt balance divided by Adjusted EBITDA for the period referenced.
Leverage on a net basis is calculated as principal debt balance less cash and cash equivalents and short-term investments divided by Adjusted EBITDA for the period referenced.
Other Information
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release and our conference call, which will be held at 5:00 p.m. Eastern Time on May 5, 2026, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that are not historical facts are "forward looking statements." The use of words such as "anticipates," "estimates," "expects," "plans," "believes," "will," and "would," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: Match Group's future financial performance, Match Group's business prospects and strategy, anticipated trends, and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: failure to retain existing users or add new users, or if users do not convert to paying users; competition; risks related to our restructuring and reorganization activities; our ability to attract and retain users through cost-effective marketing efforts; our reliance on a variety of third-party platforms, in particular, mobile app stores; our ability to realize reductions in in-app purchase fees; inappropriate actions by certain of our users could be attributed to us or may not be adequately prevented by us; dependence on our key personnel; volatile global economic conditions; operational and financial risks in connection with acquisitions; impairment charges related to our intangible assets; operations in various international markets, including certain markets in which we have limited experience; foreign currency exchange rate fluctuations; challenges in measuring our user metrics and other estimates; the limited operating history of our newer brands and services makes it difficult to evaluate our current business and future prospects; impacts of climate change; the integrity of our and third parties' systems and infrastructure; cyberattacks on our systems and infrastructure and cyberattacks experienced by third parties; our ability to access, collect, and use personal data about our users; breaches or unauthorized access of personal and confidential or sensitive user information that we maintain and store; challenges with properly managing the use of artificial intelligence; risks related to credit card payments; risks related to our use of "open source" software; complex and evolving
About Match Group
Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes Tinder®, Hinge®, Match®, Meetic®, OkCupid®, Pairs™, PlentyOfFish®, Azar®, BLK®, and more, each built to increase our users' likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the varying preferences of our users.
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1 As defined on page 10 of this press release. |
2 Based on a random weighted sample of in-app profile views. Bad actors include accounts that engage in deceptive or harmful behaviors, including spam, scam attempts, or operating automated fake profiles (bots). |
3 Leverage is calculated utilizing the non-GAAP measure Adjusted EBITDA as the denominator. For a reconciliation of the non-GAAP measure for each period presented, see page 8. |
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SOURCE Match Group