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See also: Match Group Valuation Model | Q2 2025 Match Group Earnings

Results: Earnings Release | Earnings call | Supplement Materials (Details) | Q3 2025 Match Group Earnings Call Transcript

Q3 2025 Match Group Cautiously Bullish Outlook

Metric Q2 2025 Actuals Q3 2025 Aron’s Expectation YoY Growth Q4 2025 Aron’s Expectation YoY Growth Q3 2025 Management Guidance Q3 2025 actual Numbers Q4 2025 Management Guidance
Revenue $909.5– $921.0 M +1.6 to+ 2.9 % $879.1 M +2.2% $910– $920.0 M $914 M (+2% y/y) $865-$875 M (+1-2% y/y)
Operating income $229.3-$238.3 M +8.8 to +13.1% $238.7 M +6.9% $221 M
Adjusted operating income $330-$335 M $301 M ($364 excluded one-time settlement) $350-$355 M
EPS $0.63 to $0.66 +24.4% to +30.2% $0.68 +15.6% $0.62
Total payers 14,039 14,559- 14,607 T -4.3% to -4.0% 14,331 T -3.8% 14,527 (-5% y/y)
Tinder Payers 9,299 -9,309 T -6.5% to -6.4% 9,124 T -5.9% 9,258 T
Hinge payers 1,906- 1,914 +19.0% to +19.5% 1,823 T +19.0% 1,873 T
ARPU $20.40-$20.59 $20.58

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Aron’s recommendation: My confidence level on the outlook is around 65% given the volatility surrounding the turnaround and the lack of enough insights on the quarter. As a result, I have a Hold rating on the stock. In the upcoming earnings call, I’ll be watching closely for updates on the product offensive, trends in Tinder’s user engagement, and other commentary on management’s execution.

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Q3 2025 Match Group Earnings Bullish and Bearish arguments 

Full summary of earnings call

Management guidance and analysts’ estimates

Analysts opinions

Insights on user engagement

Meaningful insights

Live note taking during earnings call