Match Group (MTCH) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached $864 million, up 4% year-over-year, driven by strong performance at Tinder and Hinge, while Evergreen & Emerging and MG Asia declined.

• Net income rose 42% year-over-year to $167 million, with a net income margin of 19% and diluted EPS of $0.68.

• Adjusted EBITDA increased 25% to $343 million, with a 40% margin, reflecting improved profitability across most segments.

• Organizational streamlining included consolidating MG Asia into E&E and investing $100 million in Sniffies, while winding down Archer.

• Q1 results benefited from a reversal of Canada’s digital services tax and were impacted by a $25 million impairment at Azar.

Financial highlights

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

• Adjusted EBITDA margin increased to 40% from 33% year-over-year.

• Revenue per payer (RPP) grew 10% to $20.90, offsetting a 5% decline in payers to 13.5 million.

• Operating cash flow was $194 million; free cash flow was $174 million.

• Net income margin improved to 19% from 14% year-over-year.

Outlook and guidance

• Q2 2026 revenue guidance: $850–$860 million, down 2% to flat year-over-year, with headwinds from Azar and 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; Azar revenue pressure expected to persist, with Tinder strength offsetting some headwinds.

• 2026 capital expenditures expected between $65 million and $75 million.

• $424 million in cash allocated to repay 2026 exchangeable notes by June.