Group 1: Market Overview - European stocks are expected to open mixed following a sell-off in major U.S. stock averages due to concerns over AI-led disruption [1] - U.S. equity futures remain little changed as investors await earnings reports from Alphabet and Amazon [1] - The tech-heavy Nasdaq Composite fell by 1.4%, the S&P 500 decreased by 0.8%, and the Dow Jones dropped by 0.3% [7] Group 2: Company Earnings - Chipotle has projected no sales growth for 2026, indicating potential stagnation in its revenue [2] - Match Group exceeded Q4 revenue expectations, showcasing strong performance in the online dating sector [2] - Amgen reported significant beats on both top and bottom lines, reflecting robust financial health [2] Group 3: Economic Indicators - The flash Eurozone CPI print and reports on U.S. private sector employment and service sector activity are anticipated to attract investor attention [3] - The European Central Bank is expected to announce no change in interest rates, with a focus on growth and inflation outlook [3] - The Bank of England is also likely to maintain steady rates, with no major changes in economic projections [4] Group 4: Commodity Market - Gold prices increased nearly 3% to $5,079 per ounce, marking a significant rise amid renewed tensions between the U.S. and Iran [6] - Oil prices extended gains after a 2% rise, influenced by military actions involving the U.S. and Iran [6]

Core Insights - The company is focusing on reinvesting savings from workforce reductions and alternative payments into Tinder and Hinge to drive long-term growth and shareholder value, expecting relatively flat total revenue in 2026 compared to the previous year [1] - The turnaround strategy for Tinder is ongoing, with expectations of continued revenue declines in 2026 similar to 2025, while Hinge is projected to experience strong direct revenue growth [2][10] - The company aims to enhance user experiences, particularly for women, through improved safety and relevance, which is expected to drive user engagement and retention [7][9] Financial Performance - In 2025, Match Group achieved total revenue of $3.5 billion, flat year over year, with adjusted EBITDA of $1.2 billion, down 1%, resulting in an adjusted EBITDA margin of 35% [22] - For Q4 2025, total revenue was $878 million, up 2%, with adjusted EBITDA of $370 million, up 14%, representing a margin of 42% [21] - The company returned nearly $800 million to shareholders through share buybacks and dividends, reducing diluted shares outstanding by 7% year over year [2][29] User Engagement and Product Development - Key metrics for Tinder's product efficacy, such as sparks and spark coverage, are showing improvement, indicating a positive trend in user engagement [5][6] - New registration trends have improved significantly, with a decline of only 5% year over year in Q4 compared to a 12% decline in Q2, suggesting a recovery in user acquisition [6] - The company is implementing AI-driven recommendation algorithms and testing new features to enhance user experience and drive engagement, particularly among Gen Z users [7][9] Strategic Initiatives - The company is in the "revitalize" phase of its transformation, focusing on delivering clear value to users and building experiences that foster real human connections [3][4] - Hinge is positioned as a leading app in the intentional dating space, with strong user growth and revenue momentum, expected to deliver over $100 million in direct revenue in 2026 from European expansion markets [14][34] - The rollout of safety features like FaceCheck has led to a significant reduction in interactions with bad actors, with minimal impact on revenue, enhancing user trust [12][18] Future Outlook - For 2026, Match Group expects total revenue to be approximately flat year over year, with adjusted EBITDA projected between $1.28 billion and $1.325 billion, reflecting a margin of 37.5% [30][31] - The company plans to increase marketing spend for Tinder to support product turnaround efforts, with a total budget of approximately $230 million [33] - Hinge is expected to continue strong revenue growth in the low to mid-20 percent range, with significant runway ahead as it expands into new markets [34][35]

Financial Performance and Key Metrics - In 2025, Match Group achieved total revenue of $3.5 billion, flat year-over-year, and generated over $1 billion in free cash flow, returning nearly $800 million through share buybacks and $200 million in dividends, reducing diluted shares outstanding by 7% year-over-year [4][20][25] - For Q4 2025, total revenue was $878 million, up 2% year-over-year, with Adjusted EBITDA of $370 million, up 14%, representing an Adjusted EBITDA margin of 42% [19][20] - Tinder's Q4 direct revenue was $464 million, down 3%, while Hinge's Q4 direct revenue was $186 million, up 26% [21][22] Business Line Performance - Tinder's full-year direct revenue was $1.9 billion, down 4%, while Hinge's full-year direct revenue was $691 million, up 26% [21][22] - Emerging and Evergreen (E&E) direct revenue in Q4 was $145 million, down 7%, and Match Group Asia's direct revenue was $66 million, down 2% [22][23] - Hinge's MAU grew nearly 50% year-over-year in 2025, with expectations to deliver over $100 million in direct revenue in 2026 from European expansion markets [14][15] Market Performance - In Q4, MAU trends improved in 15 countries, with significant improvements in South Korea and Japan, indicating a positive shift in user engagement [49][50] - New registration trends improved significantly, with a decline of only 5% year-over-year in Q4 compared to a 12% decline in Q2 [8][49] Company Strategy and Industry Competition - The company is focused on a three-phase transformation: reset, revitalize, and drive resurgence, with a strong emphasis on user outcomes and product improvements [3][4] - The strategy includes a significant marketing shift towards bottom-of-funnel performance marketing, leveraging user-generated content to enhance brand perception [42][72] - Hinge is positioned as a leader in the focused dating space, with plans for continued international expansion and product innovation [14][67] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the turnaround efforts at Tinder, with early indicators showing improvements in user engagement and retention [10][18] - The company expects flat total revenue in 2026, with continued strong growth at Hinge and challenges in other segments [28][29] - Management highlighted the importance of AI in enhancing user experience and safety, which is expected to drive long-term growth [18][32] Other Important Information - The company plans to host its first-ever product event for Tinder in March 2026 to showcase upcoming features and innovations [11] - A cash dividend of $0.20 per share was declared, representing a 5% increase from the previous dividend [26][27] Q&A Session Summary Question: Early learnings from Project Aurora and its impact on user metrics - Management shared that Project Aurora in Australia led to significant improvements in user metrics, including Sparks and MAU, indicating effective product changes and marketing strategies [40][41] Question: Drivers of MAU improvements in various countries - Management attributed MAU improvements to enhancements in recommendation algorithms, marketing efforts, and features like Double Date and FaceCheck [50] Question: Measuring relevance for women and its impact on user retention - Management noted that improvements in features aimed at women, such as Double Date, have led to higher retention rates and increased MAU among female users [58][59] Question: Timeline for seeing improvements in payers following user engagement metrics - Management expects improvements in payer trends to follow the positive changes in MAU and registration metrics throughout 2026 [61] Question: Insights on the leadership transition at Hinge and portfolio strategy - Management confirmed a seamless transition in Hinge's leadership and emphasized the potential for growth in the focused dating segment, with ongoing exploration of new concepts and acquisitions [66][68]

Financial Data and Key Metrics Changes - In Q4 2025, Match Group reported total revenue of $878 million, up 2% year-over-year, and flat on a foreign exchange neutral basis [19] - For the full year 2025, total revenue was $3.5 billion, flat both as-reported and FXM [20] - Adjusted EBITDA for Q4 was $370 million, up 14%, with an adjusted EBITDA margin of 42% [20] - For the full year 2025, adjusted EBITDA was $1.2 billion, down 1%, representing a margin of 35% [20] - Free cash flow for 2025 was $1 billion, with a significant portion returned to shareholders through buybacks and dividends [25] Business Line Data and Key Metrics Changes - Tinder's Q4 direct revenue was $464 million, down 3%, with payers declining 8% to 8.8 million [21] - Hinge's Q4 direct revenue was $186 million, up 26%, with payers increasing 17% to 1.9 million [21] - E&E's Q4 direct revenue was $145 million, down 7%, with payers down 14% to 2.1 million [22] - Match Group Asia's Q4 direct revenue was $66 million, down 2% [23] Market Data and Key Metrics Changes - Globally, new registration trends improved significantly, with a decline of only 5% year-over-year in Q4 compared to a 12% decline in Q2 [8] - Monthly Active Users (MAU) declined 9% year-over-year in Q4, an improvement from a 10% decline in Q3 [8] - In 15 countries, MAU declines improved by at least 2 points, representing about one-third of Tinder's global MAU [8] Company Strategy and Development Direction - The company is focused on a three-phase transformation: reset, revitalize, and drive resurgence, with user outcomes prioritized [3] - Tinder's product roadmap for 2026 aims to address Gen Z pain points, focusing on relevance, match quality, and safety [10] - Hinge is expanding into new markets, including Mexico, Brazil, Argentina, Chile, Peru, and India, with strong user growth and revenue momentum [15] Management's Comments on Operating Environment and Future Outlook - Management expects Tinder's direct revenue declines in 2026 to be similar to 2025 due to ongoing product changes [5] - The company anticipates continued strong direct revenue growth at Hinge while facing headwinds in other segments [5] - Management is optimistic about the turnaround at Tinder, citing improvements in user engagement metrics [9] Other Important Information - The company plans to host its first-ever product event for Tinder in March 2026 to showcase upcoming features and innovations [11] - A cash dividend of $0.20 per share has been declared, representing a 5% increase from the previous dividend [26] Q&A Session Summary Question: Early learnings from Project Aurora and its impact on user metrics - Management shared that Australia saw significant improvements in user metrics due to product enhancements and marketing strategies [40][41] Question: Engagement improvements in 15 countries - Management noted that improvements in recommendation algorithms, Double Date, FaceCheck, and marketing contributed to MAU growth in key countries [49][50] Question: Measuring relevance for women and its impact on payers - Management highlighted that initiatives like Double Date have improved female user engagement and retention, which is expected to translate into payer growth over time [58][61]

Financial Data and Key Metrics Changes - In Q4 2025, Match Group reported total revenue of $878 million, up 2% year-over-year, and flat on a foreign exchange neutral basis [19] - For the full year 2025, total revenue was $3.5 billion, flat both as-reported and FXM [20] - Adjusted EBITDA for Q4 was $370 million, up 14%, with an adjusted EBITDA margin of 42% [20] - For the full year, adjusted EBITDA was $1.2 billion, down 1%, representing a margin of 35% [20] - Free cash flow for 2025 was $1 billion, with a significant portion returned to shareholders through buybacks and dividends [26][27] Business Line Data and Key Metrics Changes - Tinder's Q4 direct revenue was $464 million, down 3%, with payers declining 8% to 8.8 million [21] - Hinge's Q4 direct revenue was $186 million, up 26%, with payers increasing 17% to 1.9 million [22] - E&E's Q4 direct revenue was $145 million, down 7%, with payers down 14% to 2.1 million [23] - Match Group Asia's Q4 direct revenue was $66 million, down 2% [24] Market Data and Key Metrics Changes - Globally, new registration trends improved significantly, with a decline of only 5% year-over-year in Q4 compared to a 12% decline in Q2 [6] - Monthly active users (MAU) were down 9% year-over-year in Q4, an improvement from a 10% decline in Q3 [7] - In 15 countries, MAU declines improved by at least 2 points, representing about one-third of Tinder's global MAU [8] Company Strategy and Development Direction - The company is focused on a three-phase transformation: reset, revitalize, and drive resurgence, with an emphasis on user outcomes [3] - Tinder's product roadmap for 2026 aims to address Gen Z pain points, focusing on relevance, match quality, and user safety [10] - Hinge is expanding into new markets, including Latin America and Asia, with strong user growth and revenue momentum [14][15] Management's Comments on Operating Environment and Future Outlook - Management expects Tinder's direct revenue declines in 2026 to be similar to 2025 due to ongoing product changes [5] - The company anticipates relatively flat total revenue year-over-year in 2026, with adjusted EBITDA margins in line with the previous year [5] - Management is optimistic about the turnaround efforts at Tinder, citing improvements in user engagement metrics [9][10] Other Important Information - The company plans to host its first-ever product event for Tinder in March 2026 to showcase upcoming features and innovations [11] - A cash dividend of $0.20 per share has been declared, representing a 5% increase from the previous dividend [27] - The company expects free cash flow of $1.085 billion to $1.135 billion in 2026, an 8% year-over-year increase [33] Q&A Session Summary Question: Early learnings from Project Aurora and its impact on user metrics - Management shared that improvements in Australia showed positive trends in Sparks and MAU, indicating effective product changes and marketing strategies [39][40] Question: Engagement improvements in 15 countries - Management noted that improvements in recommendation algorithms, Double Date, FaceCheck, and marketing efforts contributed to MAU growth in key countries [48] Question: Measuring relevance for women and its impact on payers - Management highlighted that initiatives like Double Date have significantly improved female user engagement and retention, which is expected to translate into payer growth over time [56][59]

Q4 2025 Supplemental Materials FEBRUARY 3, 2026 February X, 2025 Q4 2025 | SUPPLEMENTAL MATERIALS Disclosures and Definitions Non-GAAP Financial Measures This presentation includes certain non -GAAP financial measures in addition to financial measures presented in accordance with U. S. GAAP. These non -GAAP financial measures are in addition to, and not a substitute for or superior to, measures of financial performance prepared in accordance with U.S. GAAP. See pages 20 -38 for a reconciliatio n of the non ...

Match Group beat Wall Street's estimates on Tuesday but issued weak guidance as it invests in new artificial intelligence initiatives to turn around declining user growth at Tinder. Shares popped 12% during extended trading. The stock closed 8% lower on Tuesday.Here's how the company did versus LSEG estimates:Earnings per share: 83 cents vs. 70 cents expectedRevenue: $878 million vs. $871 million expectedThe dating platform issued lackluster guidance for 2026, forecasting between $3.41 billion and $3.54 bil ...

Core Insights - Fresh Step and Best Friends Animal Society have launched a campaign called "Date Cats, Not Humans," allowing Bumble users to adopt cats starting February 3, 2026 [1][2] - The campaign aims to connect singles with adoptable cats, promoting the idea that having a cat can enhance one's dating life [2][3] Adoption Initiative - Users can swipe right on adoptable cats through the Bumble app or visit bestfriends.org/FreshStep to view available cats in shelters nationwide [5] - Fresh Step will provide a coupon for a month of free litter to everyone who adopts a cat in February, and will cover adoption fees during Valentine's Day weekend in select cities [6][13] Research Findings - A study by Fresh Step and YouGov indicates that cat owners are more emotionally open and likely to receive positive responses on dating apps, with 24% of cat owners stating a cat photo increases their chances of matching [2][7] - Cat owners are significantly more likely to swipe right on profiles featuring cats, with 11% of cat owners doing so compared to only 2% of non-cat owners [7] Brand Strategy - The campaign is part of Fresh Step's brand refresh, focusing on improving the shopping experience for pet owners through better packaging and product updates [9] - Fresh Step has a history of supporting animal welfare, having donated millions of dollars and over one million pounds of litter to shelters [10] Organizational Mission - Best Friends Animal Society aims to make the country no-kill, emphasizing the importance of finding homes for adoptable pets and reducing unnecessary euthanasia [8][11]

Core Insights - Apptopia's Q4 2025 earnings preview for Match Group indicates that Tinder's performance is expected to exceed Wall Street's consensus expectations [1][8] Group 1: Tinder Performance - Apptopia's Mobile Performance Index (MPI) shows significant year-over-year growth in Tinder Payers for Q4 2025, while the consensus outlook suggests only modest acceleration [2] - Despite a 4.2% year-over-year decline in downloads in the United States, there has been sequential improvement since Q2 2025 [4] - Daily active users in the US fell by 7.5% year-over-year, but engagement metrics, particularly among Gen Z, are improving, with average time spent per DAU for younger users (aged 17-25) increasing by 13.9% year-over-year [4][8] Group 2: Hinge Performance - Hinge's US downloads are down 4.1% year-over-year, but daily active users have increased by 7.1% year-over-year [7] - Engagement metrics for Hinge are weakening, with average time spent per DAU for younger users (aged 17-25) declining by 29.7% year-over-year [7] - Male users of Hinge experienced a significant drop in average time spent per DAU, decreasing by 25.4% year-over-year, while female users saw a slight increase of 4.5% [7] Group 3: Overall Market Insights - The combination of declining app downloads and rising engagement metrics for Tinder suggests a better-than-expected outcome for Tinder Payers in Q4 2025 [5] - Apptopia's MPI indicates that Match Group's Tinder performance may exceed market expectations, while Hinge's declining engagement metrics among young users require close monitoring [8]

Group 1 - Match Group will release its financial results for Q4 and full year 2025 on February 3, 2026, after market close [1] - A quarterly conference call to discuss the results will be held at 5:00 p.m. ET on the same day [1] - A live webcast of the conference call and supplemental investor materials will be available online [2] Group 2 - Match Group is a leading provider of digital technologies aimed at helping people make meaningful connections [3] - The company's portfolio includes brands such as Tinder, Hinge, Match, Meetic, OkCupid, Pairs, PlentyOfFish, Azar, and BLK, designed to enhance user connections [3] - Services are offered in over 40 languages, catering to a global user base [3]