Match Group (MTCH) Q1 2026 earnings summary

Executive summary

• Entered 2026 in the 'revitalize' phase of a transformation, focusing on product improvements, ecosystem strengthening, and growth rebuilding, with operational focus and resource reallocation supporting progress at Tinder and Hinge.

• Q1 2026 revenue and Adjusted EBITDA exceeded expectations, driven by Tinder and Hinge's strong performance, and supported by organizational streamlining and portfolio consolidation, including MG Asia into E&E.

• Net income rose 42% year-over-year to $167 million, with a 19% margin; Adjusted EBITDA increased 25% to $343 million, margin 40%.

• Invested $100 million for a minority stake in Sniffies, reinforcing commitment to the non-heterosexual male segment, and began winding down Archer for $10 million annualized savings.

• Temporary removal of Azar from the Apple App Store impacted MG Asia revenue and resulted in a $25 million impairment charge.

Financial highlights

• Q1 2026 total revenue was $864 million, up 4% year-over-year; direct revenue $848 million, up 4%; net income $167 million, up 42%.

• Adjusted EBITDA reached $343 million, up 25% year-over-year, with a margin of 40%.

• Payers declined 5% to 13.5 million, but RPP increased 10% to $20.90.

• Operating cash flow YTD: $194 million; free cash flow: $174 million.

• Diluted shares outstanding reduced by 5% year-over-year to 242 million as of April 30, 2026.

Outlook and guidance

• Q2 2026 revenue guidance: $850–$860 million, down 2% to flat year-over-year, with a $20 million headwind from Azar and $10 million from Tinder user experience tests.

• Q2 Adjusted EBITDA expected at $325–$330 million, up 13% year-over-year, with a margin of 38%.

• Full-year guidance unchanged; expect Azar revenue pressure to persist, with Tinder strength offsetting some headwinds.

• Dividend of $0.20 per share declared, payable July 21, 2026.

• 2026 capital expenditures expected between $65 million and $75 million, up from 2025.