Match Group (MTCH) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue was $853.1 million, down 1% year-over-year, with Adjusted EBITDA up 14% to $331.3 million and net income up 36% to $171 million, exceeding expectations.

• Tinder's product-led turnaround narrowed DAU declines to 4% year-over-year, with MAU trends improving, while Hinge delivered 22% revenue growth and 13% MAU growth, especially in Europe and Latin America.

• E&E segment faced headwinds, notably from Azar app removal and redesign, but Adjusted EBITDA margin improved to 30%.

• Significant events included a $25.2 million Azar impairment, $60.5 million Tinder settlement, $9.1 million GDPR provision, and a $100 million minority investment in Sniffies.

• Continued focus on product innovation, AI-driven features, and international expansion to drive engagement and monetization.

Financial highlights

• Total revenue: $853.1 million (down 1% year-over-year; down 2% FX-neutral); Adjusted EBITDA: $331.3 million (up 14%), margin 39%; net income: $171 million (up 36%), margin 20%.

• Tinder direct revenue: $457.5 million (down 1%), Adjusted EBITDA: $233 million (down 5%), margin 50%.

• Hinge direct revenue: $203.5 million (up 22%), Adjusted EBITDA: $79.4 million (up 48%), margin 39%.

• E&E direct revenue: $178.9 million (down 17%), Adjusted EBITDA: $54.1 million (up 69%), margin 30%.

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

Outlook and guidance

• Q3 2026 revenue expected at $885–$895 million, down 2–3% year-over-year; Adjusted EBITDA of $330–$335 million, up 10%.

• Hinge revenue to be in line with guidance and expected to reach $1 billion in 2027; E&E revenue to decline mid-teens percent due to Azar app redesign.

• Free cash flow expected at high end of guidance; SBC expense lowered to $230–$240 million.

• $697 million remains available under the $1.5 billion share repurchase program as of July 31, 2026.

• No material impact expected from enacted OECD Pillar II tax legislation.