Match Group (MTCH) investor relations material

Executive summary

• Q2 2026 revenue was $853M (down 1% YoY), with Adjusted EBITDA up 14% to $331M and net income up 36% to $171M, exceeding expectations.

• Tinder's product-led turnaround narrowed DAU declines to 4% YoY, with MAU trends improving, especially among women.

• Hinge delivered robust growth, with MAU up 13% YoY and revenue up 22% YoY, driven by international expansion.

• E&E segment faced headwinds, notably from Azar's app redesign, but Adjusted EBITDA rose 69% YoY.

• Significant events included a $25.2M Azar impairment, $60.5M Tinder settlement, $9.1M GDPR provision, and $100M minority investment in Sniffies.

Financial highlights

• Total revenue: $853M (down 1% YoY, down 2% FXN); Adjusted EBITDA: $331M (up 14% YoY, 39% margin); net income: $171M (up 36%, 20% margin).

• Tinder direct revenue: $457.5M (down 1% YoY); Hinge direct revenue: $203.5M (up 22% YoY); E&E direct revenue: $178.9M (down 17% YoY).

• Payers declined 6% to 13.3M; RPP increased 6% to $21.13.

• Operating expenses down 9% YoY; cost of revenue down 16%; general and administrative expense fell 22%.

• Free cash flow YTD: $527M; operating cash flow: $564M.

Outlook and guidance

• Q3 2026 revenue expected at $885M–$895M (down 2–3% YoY); Adjusted EBITDA of $330M–$335M (up 10% YoY); margin projected at 37%.

• Hinge expected to reach $1B in revenue in 2027; free cash flow expected at high end of guidance.

• E&E direct revenue to decline mid-teens % due to Azar; Hinge revenue in line with guidance.

• $697M remains under $1.5B share repurchase program as of July 31, 2026.

• No material impact expected from enacted OECD Pillar II tax legislation.