Match Group (NasdaqGS:MTCH) Q4 2025 Earnings call February 03, 2026 05:00 PM ET Company ParticipantsSpencer Rascoff - CEOSteven Bailey - CFOTanny Shelburne - Head of Investor RelationsConference Call ParticipantsBenjamin Black - AnalystBrad Erickson - AnalystCory Carpenter - AnalystDan Salmon - AnalystJason Helfstein - AnalystJohn Blackledge - AnalystNathan Feather - AnalystRoss Sandler - AnalystShweta Khajuria - AnalystOperatorWelcome to the Match Group 4th Quarter 2025 earnings conference call. All partic ...

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]

Match Group (NasdaqGS:MTCH) Q4 2025 Earnings call February 03, 2026 05:00 PM ET Speaker0Welcome to the Match Group 4th Quarter 2025 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your telephone keypad. To withdraw your question, please press star then 2. Ple ...

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 ...

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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]

Key Takeaways from the Conference Call Industry Overview - The conference call covered various companies within the North American Internet sector, specifically focusing on web builders, digital advertising, eCommerce, EdTech, and online dating. Company-Specific Insights GoDaddy (GDDY) - Management is positive about GoDaddy's vibe coding strategy, focusing on current customers and web building, with cost guardrails in place [5] - The ANS marketplace was launched, but significant financial contributions are not expected until 2026 [5] - Growth drivers for A&C bookings in 2026 include Airo, P&B strategy, and seamless commerce experiences [5] - Airo is improving average order value (AOV) and retention metrics, with a focus on high lifetime value (LTV) customers [5] Wix (WIX) - Management expects approximately 25% free cash flow (FCF) margins in 2026, despite anticipated margin compression [7] - Gross margins are improving, but variability exists due to free users abandoning projects [7] - Wix is testing a new self-creator platform with more GenAI features, but price increases in 2026 are less likely [7] - Core Wix performance remains strong, but growth acceleration may be challenging [7] The Trade Desk (TTD) - Recent layoffs affected only 1% of headcount, aligning with product and engineering initiatives [8] - No expected impact from OMC and IPG consolidation; strong relationships with both companies [8] - Kokai adoption reached 85% in November, with expectations to reach 100% soon [8] Criteo (CRTO) - Management sees agentic commerce as a significant opportunity, leveraging commerce data for better ad spend efficiency [8] - Retail Media core is performing well, with good traction in auction-based display products [8] Zeta (ZETA) - OneZeta is a key growth factor for 2026, part of the Marigold acquisition strategy [9] - Athena is on track for general availability in 1Q, but management is cautious about setting high expectations [9] IAC (IAC) - Core assets are People and MGM, with management believing both are undervalued [9] - The M&A strategy will focus on digital publishing and content sites [9] eBay (EBAY) - Guidance indicates healthy US consumer spending but weak trends in Europe [10] - eBay's holiday window extends into 1Q, with a focus on collectibles [10] - Management expects to buy back 90-100% of normalized FCF in 2026 [10] Wayfair (W) - Management reiterated 4Q guidance, noting slight deterioration in industry volume levels [11] - Success in initiatives like loyalty programs and influencer marketing is driving share gains [11] - AI initiatives are expected to roll out in 2026, enhancing user experience [11] Duolingo (DUOL) - Focus remains on user growth trends, with certain features moved back in front of the paywall [12] - Management is experimenting with GenAI features to drive user engagement [14] Match Group (MTCH) - Product testing at Tinder is ongoing, with a focus on product outcomes over near-term monetization [15] - Face Check has been rolled out in the US, with revenue impact being optimized [15] Bumble (BMBL) - Management expects a peak in declines in 4Q, with initiatives aimed at improving user experience [15] - A new AI app is being tested to enhance onboarding and matching processes [15] Additional Insights - The overall sentiment across the companies indicates a cautious optimism, with many focusing on strategic initiatives to drive growth while managing costs and market challenges [5][7][8][9][10][11][12][14][15]

Core Viewpoint - Match Group (NASDAQ:MTCH) is recognized as a strong investment opportunity in the communication services sector, with analysts providing positive ratings and price targets indicating significant upside potential. Group 1: Analyst Ratings and Price Targets - Shweta Khajuria from Wolfe Research reaffirmed a Buy rating for Match Group, raising the price target from $42 to $43, suggesting a potential upside of approximately 32% [1] - RBC Capital analyst Brad Erickson also maintained a Buy rating, setting a target price of $37, which implies an upside of around 13.5% [3] Group 2: Company Overview - Match Group operates several online dating platforms and offers digital technologies aimed at facilitating personal connections, with notable brands including Tinder, OurTime, Plenty of Fish, Hinge, Match, Meetic, OkCupid, and Pairs [4] Group 3: Market Trends and Expectations - The outperformance of Internet stocks over the past three years is highlighted, with expectations for this trend to continue, driven by advancements in AI and product development spending, alongside strong macroeconomic forecasts [2]