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Match Group (MTCH) investor relations material
Match Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue reached $914M, up 2% year-over-year, with net income rising 18% to $161M and Adjusted EBITDA at $301M, down 12% due to legal and restructuring costs.
Product innovation, especially at Tinder and Hinge, and operational rigor drove improved user outcomes and engagement, with new AI-driven features and international expansion.
Resolved major legal matters, including a $61M class action settlement and a $14M FTC settlement, enabling renewed strategic focus.
Free cash flow year-to-date was $716M, with $758M in operating cash flow.
Significant capital returned to shareholders through $550M in share repurchases and $141M in dividends.
Financial highlights
Q3 total revenue: $914M, up 2% year-over-year; FX-neutral up 1%.
Adjusted EBITDA: $301M, down 12% year-over-year; margin 33%. Excluding one-time charges, Adjusted EBITDA: $364M, up 6% year-over-year; margin 40%.
Net income: $161M, up 18% year-over-year; net income margin 18%.
Revenue per payer (RPP) increased 7% to $20.58; payers declined 5% to 14.5M.
Free cash flow YTD: $716M; operating cash flow YTD: $758M.
Outlook and guidance
Q4 2025 revenue guidance: $865–$875M, up 1–2% year-over-year; FX-neutral down 1–2%.
Q4 Adjusted EBITDA guidance: $350–$355M, up 9% year-over-year; margin 41%.
2025 full-year free cash flow guidance raised to $1.11–$1.14B.
Guidance includes $14M negative impact to Tinder revenue from user experience testing and $9M negative impact to Asia revenue from Azar's block in Turkey.
2025 cash capital expenditures expected at $55–65M, mainly for software development.
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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.
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