Match Group (MTCH) Q2 2026 earnings summary

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 DAU declines narrowed to 4% YoY, with improved MAU trends and product-led turnaround; Hinge delivered 22% revenue growth and 13% MAU growth, expanding in Europe and LATAM.

• E&E segment revenue declined 17% YoY, impacted by Azar 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.

• Continued focus on product innovation, AI-driven features, international expansion, and capital returns to shareholders.

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: $457M (down 1% YoY); Hinge direct revenue: $204M (up 22% YoY); E&E direct revenue: $179M (down 17% YoY).

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

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

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

Outlook and guidance

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

• Full-year 2026 revenue to be near midpoint of prior guidance; Adjusted EBITDA at or above high end of range.

• Tinder direct revenue to decline low single digits YoY, less negative than prior guidance; E&E direct revenue to decline mid-teens % due to Azar.

• Hinge revenue in line with guidance, expected to reach $1B in 2027.

• Free cash flow expected at high end of guidance; 2026 capex expected $65M–$75M.