Match Group Reports Decline in Revenue and Profitability for Q2 2025

Match Group, Inc. reported its financial results for the second quarter of 2025, revealing a slight decline in revenue and profitability compared to the same period in 2024. The company generated total revenue of $863.7 million for the three months ended June 30, 2025, a marginal decrease from $864.1 million in the prior year. For the first half of 2025, revenue totaled $1.69 billion, down from $1.72 billion in the same period of 2024. The company's net earnings for the second quarter were $125.5 million, compared to $133.3 million in the previous year, while net earnings for the first half of 2025 were $243.0 million, down from $256.6 million.

The decline in revenue was attributed to a 7% decrease in the number of payers for Tinder, the company's flagship brand, which saw direct revenue drop by 4% to $461.2 million. In contrast, Hinge experienced significant growth, with direct revenue increasing by 25% to $167.5 million, driven by an 18% rise in payers and expansion in both U.S. and European markets. The Evergreen & Emerging segment also faced challenges, with direct revenue declining by 8% due to a 15% drop in payers, while Match Group Asia reported a 6% decrease in direct revenue.

Operationally, Match Group's total customer count decreased to 14.1 million payers in the second quarter, down from 14.8 million in the same period last year. The company reported a slight increase in revenue per payer (RPP) across its brands, with Tinder's RPP rising to $17.14, a 3% increase year-over-year. The company also noted a significant reduction in interest expenses, which fell by 20% to $32.2 million, primarily due to the repayment of a $425 million term loan in January 2025.

In terms of strategic developments, Match Group has been actively managing its capital structure, with a focus on share repurchases. The company repurchased approximately 13.7 million shares for $419.7 million during the first half of 2025. Additionally, Match Group is navigating various legal challenges, including a preliminary settlement with the FTC related to its applications, which is expected to impact general and administrative expenses.

Looking ahead, Match Group anticipates continued challenges in user growth and engagement, particularly for its flagship Tinder brand. The company is focusing on enhancing its product offerings and expanding its market presence, particularly in Europe and Asia. Despite the current headwinds, Match Group remains committed to leveraging its diverse portfolio of brands to drive future growth and profitability.