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MTCH

Match Group, Inc.

MTCH

Match Group, Inc. • NASDAQ
$33.31 ▲ 0.27% (+0.09)
Market Cap $7.86 B
52w High $39.20
52w Low $26.39
Dividend Yield 0.76%
P/E 15.57
Volume 1.03M
Outstanding Shares 236.07M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $914.275M ▲ $445.898M ▲ $160.749M ▲ 17.582% ▲ $0.67 ▲ $254.428M ▲
Q2-2025 $863.738M ▲ $427.879M ▲ $125.478M ▲ 14.527% ▲ $0.51 ▲ $218.424M ▲
Q1-2025 $831.178M ▼ $421.677M ▲ $117.57M ▼ 14.145% ▼ $0.47 ▼ $207.416M ▼
Q4-2024 $860.176M ▼ $400.374M ▼ $158.296M ▲ 18.403% ▲ $0.63 ▲ $257.688M ▲
Q3-2024 $895.484M $431.695M $136.468M 15.24% $0.53 $243.062M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.057B ▲ $4.543B ▲ $4.767B ▲ $-223.936M ▲
Q2-2025 $340.415M ▼ $3.868B ▼ $4.099B ▲ $-230.881M ▼
Q1-2025 $414.17M ▼ $3.89B ▼ $4.073B ▼ $-182.712M ▼
Q4-2024 $970.727M ▲ $4.466B ▲ $4.529B ▲ $-63.659M ▲
Q3-2024 $860.855M $4.426B $4.514B $-88.526M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $160.749M ▲ $320.641M ▲ $-13.61M ▲ $415.092M ▲ $717.997M ▲ $306.838M ▲
Q2-2025 $125.478M ▲ $243.842M ▲ $-37.779M ▼ $-291.98M ▲ $-74.179M ▲ $230.972M ▲
Q1-2025 $117.571M ▼ $193.117M ▼ $-16.494M ▼ $-740.296M ▼ $-556.571M ▼ $177.69M ▼
Q4-2024 $158.278M ▲ $254.71M ▼ $-7.466M ▲ $-122.178M ▲ $110.461M ▲ $247.143M ▼
Q3-2024 $136.481M $264.941M $-12.36M $-241.483M $17.74M $251.835M

Revenue by Products

Product Q2-2019Q3-2019Q4-2019Q1-2020
ANGI Homeservices
ANGI Homeservices
 $340.00M ▲$360.00M ▲$0 ▼$340.00M ▲
Dotdash
Dotdash
 $40.00M ▲$40.00M ▲$0 ▼$40.00M ▲
Match Group
Match Group
 $500.00M ▲$540.00M ▲$500.00M ▼$540.00M ▲
Vimeo
Vimeo
 $50.00M ▲$50.00M ▲$0 ▼$60.00M ▲
Emerging Other
Emerging Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Match Group’s income statement shows a business with steady, not explosive, growth and improving profitability over time. Revenue has risen each year, but at a moderate pace, suggesting a maturing core market rather than an early-stage, high-growth story. Gross profit has kept up with revenue, indicating the basic economics of the business remain attractive. Operating income dipped earlier in the period and then recovered, showing that management has been able to rein in costs and restore margins after a wobble. Net income and earnings per share have been more up and down, reflecting items like acquisition impacts, interest costs, and other non-operating factors. Overall, this looks like a well-established, highly profitable digital platform that is working to balance growth investments with disciplined cost control.

Balance Sheet

Balance Sheet The balance sheet is functional but clearly leveraged. Total assets are steady, and the company holds a meaningful cash cushion, but the debt load is high and has stayed high for years. Shareholder equity is negative, which is often a sign of heavy share repurchases and acquired intangibles rather than an immediate solvency problem, but it does underline that this is not a conservatively financed company. In simple terms, Match runs with a debt-heavy, asset-light structure: it leans on its strong cash generation rather than on a thick equity buffer. This can amplify returns in good times but leaves less room for error if growth slows or credit markets tighten.

Cash Flow

Cash Flow Cash flow is one of Match Group’s biggest strengths. The business consistently converts a large portion of its earnings into cash, and operating cash flow has been solid and stable over several years. Free cash flow, after spending on capital investments, remains strong because the company’s apps and platforms don’t require heavy physical investment. Capital spending is relatively low, which fits an asset-light software model. This combination—steady inflows and modest ongoing investment needs—provides management with flexibility to service debt, invest in new products, and return capital to shareholders, as long as the underlying user base and engagement remain healthy.

Competitive Edge

Competitive Edge Competitively, Match Group holds a leading position in online dating, anchored by network effects and a broad portfolio of brands. Apps like Tinder, Hinge, Match.com, OkCupid, and others give the company reach across age groups, relationship intentions, and geographies. The more people on these platforms, the more valuable they become, making it hard for new entrants to catch up. Acquisitions of niche apps and technology-focused companies further strengthen its ecosystem and keep would-be rivals from gaining traction. The main competitive risks come from shifting user behavior (especially among younger users), “dating app fatigue,” emerging social platforms that blur the line between social and dating, and reputational or regulatory pressures around safety and privacy. Even so, Match currently enjoys a sizable and defensible share of the global online dating market.

Innovation and R&D

Innovation and R&D Innovation at Match Group is increasingly centered on artificial intelligence and tailored experiences across its brand family. The company is using AI to refine matchmaking, improve profile quality, suggest better photos and prompts, and support safer interactions through content monitoring and fraud detection. Different apps are allowed to experiment with distinct features, from Hinge’s prompt-based profiles to targeted offerings for queer communities and specific cultural or professional niches. Past acquisitions like Hyperconnect bring in advanced video and AI capabilities that can be reused across the portfolio. The opportunity is to deepen engagement and justify premium pricing; the risk lies in executing well, maintaining user trust, and navigating evolving privacy and AI governance expectations.

Summary

Match Group looks like a mature, high-margin digital platform with a strong market position, solid and recurring cash flow, and meaningful but not blistering growth. Its core strengths lie in scale, brand diversity, network effects, and a growing layer of AI-driven personalization and safety features. Financially, it generates robust cash but carries substantial debt and negative equity, highlighting a more aggressive capital structure that depends on continued healthy cash generation. Strategically, the big questions revolve around reigniting growth—especially among younger users, expanding internationally, and successfully rolling out new AI features—while managing regulatory, reputational, and competitive pressures. The company is well positioned but must execute carefully to maintain its leadership in a fast-evolving online relationship landscape.

NEWS

November 25, 2025 · 4:09 PM UTC

Match Group to Present at the Barclays Global Technology Conference

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November 24, 2025 · 4:11 PM UTC

Match Group to Present at the Raymond James TMT & Consumer Conference

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November 4, 2025 · 4:11 PM UTC

Match Group Announces Third Quarter Results

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October 22, 2025 · 9:00 AM UTC

Tinder to Expand Facial Verification Feature Across the U.S., Setting a New Standard for Dating Safety

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October 14, 2025 · 4:11 PM UTC

Match Group to Announce Third Quarter 2025 Results

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