Total revenue for the third quarter of 2025 reached $914.3 million, a 2 % year‑over‑year increase that fell just short of the $915.04 million consensus estimate. The modest growth was largely driven by Hinge’s direct revenue, which climbed 27 % to roughly $185 million, reflecting strong international expansion and new AI‑powered features. In contrast, Tinder’s direct revenue declined 3 % to about $491 million, a drop attributed to intensified competition and user churn. The company also reported a 5 % decline in paying users, but revenue per payer rose 7 % to $20.58, indicating a shift toward higher‑value subscribers.
Net income attributable to shareholders was $161 million, translating to a diluted earnings per share of $0.62, which missed the consensus estimate of $0.63 by $0.01. Adjusted EBITDA fell 12 % year‑over‑year to $301 million, largely due to a $61 million legal settlement and $2 million in restructuring costs that were not part of the core operating model. Excluding those one‑time charges, adjusted EBITDA actually grew 6 % year‑over‑year, suggesting underlying operational improvements.
Segment performance highlights Hinge’s robust growth, while Tinder’s decline underscores the competitive pressure in the flagship app. Other segments, such as Evergreen & Emerging and Match Group Asia, posted declines, reflecting broader market headwinds and a shift in user behavior toward premium offerings.
For the fourth quarter, Match Group guided total revenue of $865 million to $875 million, below the $882–$886 million consensus range, signaling a cautious outlook amid macro uncertainty and competitive challenges. Adjusted EBITDA guidance of $350 million to $355 million, however, exceeds analyst expectations, reflecting confidence in cost discipline and the monetization potential of AI‑driven features.
CEO Spencer Rascoff emphasized the company’s product‑led transformation, trust and safety initiatives, and AI investments, framing the quarter’s results as progress toward the “reset, revitalize, resurgence” strategy. He highlighted the company’s focus on high‑value subscribers and the positive impact of features like Face Check, which reduced bad‑actor activity by 60 %.
The market reacted with a 2.9 % decline in aftermarket trading, driven primarily by the weaker‑than‑expected revenue guidance and the EPS miss. Investors focused on the forward guidance, margin compression, and competitive headwinds, underscoring the importance of sustained growth and profitability in the online dating sector.
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