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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Match Group
Match Group (MTCH) investor relations material
Match Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary2 Nov, 2026
Executive summary
Q3 revenue was $891.2M, down 3% YoY; net income attributable to shareholders rose 8% to $174.4M and Adjusted EBITDA rose 14% to $344.5M.
Tinder DAU returned to YoY growth in September for the first time in 3.5 years; Hinge sustained double-digit growth across users, revenue and payers.
Tinder user trends improved, but management emphasized further work to convert engagement gains into durable business results.
Financial highlights
Direct revenue was $876.6M, down 2% YoY; indirect revenue was $14.6M, while total revenue declined 2% excluding FX.
Adjusted EBITDA margin was 39%; excluding the $61M prior-year legal settlement charge, Adjusted EBITDA declined 5%, mainly on higher Tinder and Hinge marketing spend.
Diluted EPS was $0.73 versus $0.62; GAAP operating income was $268.6M, up 21% YoY.
YTD operating cash flow was $886M and free cash flow was $832M; LTM free cash flow was $1.140B with 82% conversion.
Q3 cost of revenue fell 16% to $206.5M, mainly due to $43.0M lower in-app purchase fees as payers shifted to alternate payment methods.
Outlook and guidance
Q4 revenue guidance is $865M–$875M, down 1% to flat YoY reported and flat to up 1% FX-neutral; Adjusted EBITDA guidance is $327.5M–$332.5M, with a 38% margin at midpoint.
FY26 revenue is expected to be flat YoY; Adjusted EBITDA margin is projected at 38.8%, and free cash flow slightly above the prior high end, assuming a 13th Apple payment by year-end.
2026 Tinder direct revenue is expected to decline at a low-single-digit YoY rate; Q4 MAU, payer and direct revenue trends are expected to improve.
2027 Tinder targets include full-year direct revenue growth, payer growth by Q4 and flat YoY MAU by Q4; Hinge’s $1B full-year revenue expectation remains unchanged.
E&E revenue declines are expected to improve only modestly in 2027; 2027 Adjusted EBITDA and margin guidance will be provided in February, with IAP fees a projected 1-point margin headwind.
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Latest events from Match Group
- Unified algorithms and targeted marketing drive user and payer growth, with innovation prioritized.MTCH
Citi’s 2026 Global TMT Conference - Events and AI-driven innovation are transforming engagement and growth prospects.MTCHGoldman Sachs Communacopia + Technology Conference 2026
- AI-driven product velocity and unified recommendations drive user engagement and safety.MTCHInvestor update
- Net income rose 36% to $171M as Hinge growth offset Tinder and E&E declines.MTCHQ2 2026
- Flat 2025 revenue, strong margins, Hinge growth, and stable 2026 outlook with capital returns.MTCHQ4 2025
- Q3 2025 revenue up 2%, net income up 18%, with Hinge growth and strong capital returns.MTCHQ3 2025
- Flat Q2 revenue, Hinge's 25% growth, and product innovation offset Tinder's 4% decline.MTCHQ2 2025
- Q1 revenue down 3% to $831M; Hinge up, Tinder down, $100M+ in savings, $1.45B buyback left.MTCHQ1 2025
- 2024 revenue up 3% to $3.5B; Hinge growth, AI focus, and strong capital returns lead outlook.MTCHQ4 2024
Next Match Group earnings date
Q4 20262 Feb, 2027
Match Group
Next Match Group earnings date
Q4 20262 Feb, 2027
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Frequently asked questions
It’s a Match
Match Group Inc. is an American company with global operations that operates a portfolio of online dating services. Its portfolio of platforms includes Tinder, Match.com, OkCupid, Hinge, and PlentyOfFish, among others, each catering to different user preferences and demographics. The company's business model revolves around offering a combination of free and premium subscription services, with users being able to access the platforms for free and pay for additional features. The company is headquartered in Dallas, Texas, and its shares are listed on the Nasdaq.
The Dawn of Internet Dating
Match Group's history dates back to 1993 with the birth of Match.com, one of the first services of its kind in the online dating sector. As internet dating continued to grow as a phenomenon, the company grew with new product launches as well as several acquisitions. During this time, Match Group was owned by IAC, and went public in 2015, eventually becoming entirely independent in 2020. Today, the company owns just about every single large American dating app and website besides Bumble.
Tinder
The company's most notable success, Tinder, was launched in 2012, quickly becoming a cultural phenomenon and significantly boosting Match Group's market presence and revenue. Tinder more or less completely revolutionized dating apps, making the matchmaking progress between users happen through the swipe of a finger.
The Other Platforms
As previously mentioned, Tinder and Match.com are not the only significant brands and platforms that the company owns. Besides these two, arguably the most influential platform owned by Match Group is Hinge. The platform builds upon the ideas and structure established by Tinder but markets itself as a place for those looking for long-term relationships. Overall, the platforms owned by Match Group have a significant global share of the market for online dating. Its apps and websites have users all over the world and are becoming increasingly popular places to meet potential future partners.