Match Shares Drop 7%, Erasing $675 Million, on Soft Fourth-Quarter Profit Outlook
Hinge revenue grew 19% to $221 million, but Tinder slipped and Match guided to lower fourth-quarter adjusted profit.
Match Group, which runs dating apps including Tinder and Hinge, fell 6.99% to $39.13 in Tuesday trading as of 1:32 p.m. ET, a $675 million loss in market value. Investors were reacting to third-quarter results showing $891 million in sales, off 3%.
Hinge up, Tinder down
Hinge revenue rose 19% to $221 million. Tinder revenue slipped, and the company's other brands fell 20%.
The fourth-quarter forecast spooked investors: adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $327.5 million to $332.5 million implies an 11% midpoint drop.
The stock was on pace for its biggest one-day drop since Aug. 5, when it fell 7.5%.
Profit up on a lower legal charge
Quarterly net income rose 8% to $174 million. Adjusted EBITDA climbed 14% to $344 million, flattered by a legal settlement charge that depressed the comparison period. Without the $61 million prior-year hit, it declined 5%.
A stock up 30% this year
Match earns most of its revenue directly from users, mainly through recurring subscriptions and pay-per-use features such as profile boosts, with a much smaller share from advertising. Meetic, OkCupid, Plenty Of Fish, Pairs and Azar round out its brands.
As of Monday's close, the shares were up about 30% year to date, against about 10% for the S&P 500.
Tuesday's drop took the stock down from a year-to-date gain of about 30% at Monday's close.
Sources
- The company's filing (Match Group) — SEC filing
- Compared to Estimates, Match Group (MTCH) Q3 Earnings: A Look at Key Metrics — Zacks Investment Research
- Match Group (MTCH) Q3 Earnings and Revenues Lag Estimates — Zacks Investment Research
- Match Group — Form 10-Q for the quarter ended 2026-09-30 (quarterly results) — SEC EDGAR
