# Match Group, Inc. (MTCH)

> Source: Nexqual · https://nexqual.com/MTCH · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Match Group, Inc. (MTCH), nexqual.com/MTCH" · informational, not investment advice.

**Price:** USD 45.92 (-0.82% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 46.3 · day 45.34–46.49 · 52w 28.81–46.67 · market cap $10.7B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.51B, net income $708M (20.2% margin), free cash flow $1.14B (SEC filings).
- Valuation: P/E 15.1x (avg 15.6x at the last 3 fiscal year-ends), EV/EBITDA 13.1x, net debt $2.97B.
- Analysts: Hold (mean 2.50 on a 1–5 scale) (20 analysts), mean target USD 42.88 (range 35–53).
- Total return with dividends: 1Y +43.4% vs S&P 500 +14.9%; 5Y -71.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-02, EPS estimate USD 1.01, revenue estimate $892M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.98B | $3.19B | $3.36B | $3.48B | $3.49B | $3.51B |
| Gross profit | $2.14B | $2.23B | $2.41B | $2.49B | $2.54B | — |
| Operating income | $852M | $515M | $917M | $823M | $873M | $988M |
| Net income | $277M | $360M | $651M | $551M | $613M | $708M |
| EPS (diluted) | $0.93 | $1.24 | $2.26 | $2.02 | $2.38 | — |
| Free cash flow | $833M | $477M | $829M | $882M | $1.02B | $1.14B |
| Gross margin | 71.9% | 69.9% | 71.6% | 71.5% | 72.8% | — |
| Operating margin | 28.5% | 16.2% | 27.3% | 23.7% | 25.0% | 28.2% |
| Net margin | 9.3% | 11.3% | 19.4% | 15.8% | 17.6% | 20.2% |
| Revenue growth | +24.8% | +6.9% | +5.5% | +3.4% | +0.2% | — |
| Cash + short-term investments | $827M | $581M | $869M | $971M | $1.03B | — |
| Total debt | $3.93B | $3.84B | $3.84B | $3.85B | $3.97B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 15.1x · P/S 3.0x · EV/EBITDA 13.1x · EV/Sales 3.9x · P/FCF 9.4x · FCF yield 10.66% · Earnings yield 6.61% · Dividend yield (paid, TTM) 1.70% · Buyback yield (TTM) 5.74% · Net debt $2.97B · EV $13.7B
P/E at fiscal year-ends: Dec 2025 13.8x, Dec 2024 16.6x, Dec 2023 16.4x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 20 analysts; mean target USD 42.88 (low 35, high 53).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Evercore ISI Group | Upgrade | In-Line → Outperform | $39 → $53 |
| 2026-08-05 | TD Cowen | Target lowered | Buy | $46 → $45 |
| 2026-08-05 | Truist Securities | Target raised | Hold | $37 → $41 |
| 2026-07-07 | Wells Fargo | Target raised | Equal-Weight | $38 → $41 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +43.4% | -71.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +43.6% | -22.2% |
| Volatility (annualized) | 32.5% | 41.8% |
| Max drawdown | -15.8% (Dec 2025→Feb 2026) | -83.8% (Oct 2021→May 2025) |

## Peers (Internet Content & Information)
SNAP (Snap Inc.) USD 6.35 +0.00% · PINS (Pinterest, Inc.) USD 22.93 -0.09% · TME (Tencent Music Entertainment Gro) USD 8.6 +1.90% · ZG (Zillow Group, Inc.) USD 35.14 +8.42% · BZ (KANZHUN LIMITED - American Depo) USD 16.41 +0.92% · BILI (Bilibili Inc.) USD 13.47 -0.96%

## More
Full page: https://nexqual.com/MTCH · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MTCH's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/891103/000089110326000025/mtch-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Apple (AAPL) | "We rely on the Apple App Store and the Google Play Store to distribute and monetize our mobile" |
| Partner | Alphabet (Google) (GOOGL) | "partnership with Google entered into in 2024 is set to expire in the first quarter of 2027." |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Tinder | $469.4M | 55.0% | -1.5% | $210.9M | 44.9% |
| Hinge | $203.5M | 23.9% | +21.5% | $63.1M | 31.0% |
| Everyone Everywhere | $182.0M | 21.3% | -17.5% | $21.0M | 11.5% |
| Corporate costs (not allocated) | — | — | — | -$49.5M | — |
| Total revenue | $853.1M | 100% | — | $295.0M | 34.6% |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Non Us | $1.96B | 56.1% | +3.7% |
| United States | $1.53B | 43.9% | -3.9% |
| Total revenue | $3.49B | 100% | — |

## Company outlook (8-K filed 2026-08-04)

- "For Q3 2026, Match Group expects: • Total Revenue of $885 to $895 million, down 2% to 3% Y/Y. • Adjusted EBITDA of $330 to $335 million, representing a Y/Y increase of 10% at the mid-point of the range. • Adjusted EBITDA Margin of 37% at the mid-points of the ranges."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.01 | $0.94 | +7.4% | $892.2M | 5 |
| Next quarter (ends 2026-12-31) | $1.04 | $0.97 | +7.2% | $871.6M | 5 |
| Current fiscal year (ends 2026-12-31) | $3.95 | $3.87 | +2.2% | $3.48B | 5 |
| Next fiscal year (ends 2027-12-31) | $4.58 | $4.20 | +9.1% | $3.62B | 5 |