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Match Group, Inc. is a leading provider of digital technologies that facilitate meaningful connections through a diverse portfolio of dating brands, including Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, and BLK, among others . These brands cater to various user preferences and are accessible in over 40 languages worldwide . The company's revenue primarily comes from direct user payments for subscriptions and à la carte features, with additional income from online advertising . Match Group is organized into four operating segments: Tinder, Hinge, Match Group Asia (MG Asia), and Evergreen & Emerging Brands (E&E), focusing on product innovation and AI-driven initiatives to enhance user experience and drive growth .
- Tinder - Operates as the largest brand within Match Group, offering a popular dating app that connects users globally.
- Hinge - Provides a dating app designed to be deleted, focusing on fostering long-term relationships.
- Match Group Asia (MG Asia) - Manages the company's operations and brand presence in the Asian market, adapting to regional preferences.
- Evergreen & Emerging Brands (E&E) - Encompasses a variety of established and new dating brands, each tailored to specific user demographics and interests.
| Revenue by Segment - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Match Group | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - Direct Revenue | 850.76 | 3,308.13 | 845.299 | 848.133 | 879.20 | 845.37 | 3,418.0 | 149.150 | |||||||||||||||||||||||||||||||||||||||||||||||||
| - Indirect Revenue | 15.47 | 56.37 | 14.348 | 15.933 | 16.29 | 14.83 | 61.4 | 18.729 | |||||||||||||||||||||||||||||||||||||||||||||||||
| ANGI Homeservices | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Vimeo | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Dotdash | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Applications | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Emerging & Other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Tinder | 493.24 | 1,917.63 | 481.487 | 479.945 | 516.78 | 512.89 | 1,991.1 | 463.416 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Hinge | 116.11 | 396.49 | 123.753 | 133.569 | 145.43 | 147.65 | 550.4 | 152.243 | |||||||||||||||||||||||||||||||||||||||||||||||||
| MG Asia | 73.52 | 302.59 | 71.459 | 73.684 | 72.28 | 67.08 | 284.5 | 63.823 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Evergreen & Emerging | 167.9 | 691.43 | 168.600 | 160.935 | 161.18 | 163.49 | 654.2 | 152.429 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Media | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| eCommerce | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Inter-segment eliminations | - | - | - | - | - | - | (0.9) | (0.733) | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 866.22 | 3,364.50 | 859.647 | 864.066 | 895.48 | 860.21 | 3,479.4 | 831.178 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue by Geography - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Americas | 453.54 | 1,744.6 | 450.247 | 450.546 | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Europe | 241.2 | 933.4 | 239.359 | 240.193 | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| APAC and Other | 156.02 | 630.1 | 155.693 | 157.394 | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - United States | - | 1,541.0 | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - All Other Countries | - | 1,823.5 | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| North America | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| International | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Indirect Revenue | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 866.25 | 3,364.5 | 859.647 | 864.066 | 895.484 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| KPIs - Metric (Unit, Scale) | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Number of payers for Tinder (count) | - | 7,579 | - | - | 9,945 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Number of payers for Hinge (count) | - | - | 1,503 | - | 1,602 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Number of payers for Match Group Asia (count) | - | 3,561 | - | - | 1,046 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Number of payers for Evergreen & Emerging Brands (count) | - | - | - | - | 2,621 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total number of payers (count) | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Per Payer for Tinder (USD) | - | - | - | - | 16.87 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Per Payer for Hinge (USD) | - | 27.00 | 29.77 | 29.77 | 30.26 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Per Payer for Match Group Asia (USD) | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Per Payer for Evergreen & Emerging Brands (USD) | - | - | - | - | 20.14 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue Per Payer (USD) | - | 17.67 | 18.87 | 19.05 | 19.26 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue excluding foreign exchange effects (Total) (USD in thousands) | - | 3,413,021 | 879,654 | 891,951 | 906,512 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Tinder direct revenue excluding foreign exchange effects (USD in thousands) | - | 1,939,789 | 492,213 | 495,879 | 511,139 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Hinge direct revenue excluding foreign exchange effects (USD in thousands) | - | 397,317 | 123,657 | 133,927 | 144,862 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Match Group Asia direct revenue excluding foreign exchange effects (USD in thousands) | - | 327,344 | 80,599 | 83,742 | 75,843 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Evergreen & Emerging Brands direct revenue excluding foreign exchange effects (USD in thousands) | - | 692,040 | 168,700 | 162,159 | 158,187 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue Per Payer excluding foreign exchange effects (USD) | - | 17.93 | 19.32 | 19.67 | 19.50 | - | - | - |
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Spencer Rascoff ExecutiveBoard | Chief Executive Officer | Chair of the Board at Pacaso; Founder & CEO of 75 & Sunny Ventures; Visiting Professor at Harvard | Spencer Rascoff became CEO of Match Group in February 2025 after joining the Board in March 2024. He is a seasoned entrepreneur, having co-founded Zillow and Hotwire, and is actively involved in venture capital and education. | |
Bernard Kim Executive | Chief Executive Officer | None | Bernard Kim has been CEO of Match Group since May 2022. He previously focused on enhancing Tinder's performance, driving growth at Hinge, and improving user experiences across Match Group's platforms. | |
Gary Swidler Executive | President and CFO | Board Member at DoubleVerify Holdings, Inc. | Gary Swidler joined Match Group in September 2015 as CFO and became President in January 2023. He has played a key role in Match Group's financial and operational strategies, overseeing its portfolio of brands like Tinder and Hinge. | |
Jeanette Teckman Executive | Interim Chief Legal Officer | None | Jeanette Teckman joined Match Group in July 2017 and became Interim Chief Legal Officer in March 2024. She previously held roles as Senior Vice President and Associate General Counsel. | |
Philip Eigenmann Executive | Chief Accounting Officer | None | Philip Eigenmann has been with Match Group since May 2006 and became CAO in November 2017. He previously served as Senior Vice President and Global Controller. | |
Alan G. Spoon Board | Director | Chairman of the Board at Fortive Corporation; Board Member at IAC/InterActiveCorp and Danaher Corp | Alan G. Spoon has been a director at Match Group since November 2015. He brings expertise in business strategy, leadership, and marketing, as well as venture capital experience and involvement with the MIT Corporation. | |
Ann L. McDaniel Board | Director | Consultant to Graham Holdings Company | Ann L. McDaniel has been a director at Match Group since December 2015. She brings extensive experience in human resources and business strategy from her leadership roles at Graham Holdings and Newsweek. | |
Glenn H. Schiffman Board | Director | EVP & CFO of Fanatics, Inc.; Board Member at Angi Inc. and Vimeo, Inc. | Glenn H. Schiffman has been a director at Match Group since September 2016. He is also EVP & CFO of Fanatics and has extensive experience in finance, including prior roles at IAC and Angi. He was named Institutional Investor’s CFO of the Year for the Midcap Internet Sector in 2018 and 2021. | |
Laura Jones Board | Director | Chief Marketing Officer at Instacart | Laura Jones joined Match Group's Board in March 2024. She is also the CMO at Instacart, where she oversees all marketing functions. She has prior experience at Uber, Google, and Visa, specializing in brand building and global marketing. | |
Pamela S. Seymon Board | Director | None | Pamela S. Seymon has been a director at Match Group since November 2015. She is an expert in corporate law, mergers and acquisitions, and corporate governance, contributing to Match Group's strategic oversight. | |
Thomas J. McInerney Board | Chairman of the Board | Chairman of the Board at Altaba Inc. | Thomas J. McInerney has been a director at Match Group since November 2015 and became Chairman of the Board in May 2021. He has extensive experience in finance, operations, and corporate governance, including prior roles at IAC and Altaba. |
- Given Tinder's recent step back in MAU growth starting in mid-September and the potential causes such as iOS 18 and trust and safety enhancements , how confident are you that these issues are temporary, and what specific measures are you implementing to reverse this trend?
- With new a la carte features at Tinder experiencing cannibalization of existing subscriptions and requiring extended testing , how do you plan to mitigate cannibalization while driving revenue growth through these features, and what is the timeline for broader rollout?
- Despite significant investments in product and marketing at Tinder, the revenue improvements have not met expectations ; how are you evaluating the return on these investments, and what changes are you making to ensure they lead to sustainable growth?
- You mentioned that gains in revenue at emerging brands are coming close to offsetting declines in evergreen brands, aiming for a crossover point in 2025 ; what gives you confidence in this trajectory, and what risks could delay reaching this crossover?
- Considering the recent exit from live streaming services and new disclosures on business unit profitability , are you reconsidering your portfolio strategy, and is divestiture of underperforming assets or additional strategic actions under active consideration?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Offers a dating feature on its platform, which has grown dramatically in size supported by its massive worldwide user footprint. This competitor could use its strong or dominant position in one or more markets, coupled with ready access to existing large pools of potential users and personal information regarding those users, to gain competitive advantages, including by offering different features or services that users may prefer or offering their services to users at no charge, potentially impacting user growth or engagement. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Hyperconnect | 2021 | The acquisition was valued at approximately $1.725 billion, structured as a mix of cash and 5.9 million Match Group common stock shares, and completed on June 17, 2021. The deal strategically enhanced Match Group’s Asian market presence and strengthened its real-time video capabilities through Hyperconnect’s flagship apps, Azar and Hakuna Live, which leverage advanced mobile WebRTC and on-device AI technologies. |
Recent press releases and 8-K filings for MTCH.
- CEO Spencer Rascoff emphasized rebooting company culture and prioritizing people to drive product innovation across brands, including Tinder and Hinge.
- The company is implementing significant product enhancements such as AI-driven features (e.g., Tinder’s Duos) and expanding Hinge’s global footprint, targeting improved engagement with a younger audience.
- A strategic reorganization is underway with cost-cutting measures including layoffs and managerial reductions to achieve savings for reinvestment, alongside a commitment to returning free cash flow to shareholders through dividends and buybacks.
- Q1 2025 Financials: Total Revenue of $831M (down 3% YoY); Operating Income of $193M (42% margin) and Adjusted Operating Income of $275M (33% margin) with Free Cash Flow of $178M .
- Operational Reorganization under new CEO Spencer Rascoff: a unified structure with a 13% workforce reduction targeting over $100M in annual savings (including $45M in-year savings) .
- Capital Returns: 6.1M shares repurchased at ~$32 per share (
$195M) and a $0.19 dividend per share ($48M), deploying over 135% of free cash flow . - Product Innovation: Launch of Tinder’s Double Date and The Game Game features along with Hinge’s AI-powered recommendation algorithm, as Hinge direct revenue climbed 23% to $152M while Tinder experienced a decline .
- Kelly Campbell, former president of NBCUniversal’s Peacock, has been nominated to join the Match Group Board effective the 2025 Annual Meeting, with her term expiring at the 2028 Annual Meeting.
- The board is being expanded to 11 directors, with over one third of the members being new, indicating significant board reshaping.
- As part of this move, Match Group and Anson Funds have entered into an information sharing agreement, and Anson Funds has withdrawn its director nominations and proposal to declassify the board.