Tearsheet

Match (MTCH)

Market Price (12/18/2025): $32.5 | Market Cap: $7.8 Bil
Sector: Communication Services | Industry: Interactive Media & Services

Match (MTCH)

Market Price (12/18/2025): $32.5
Market Cap: $7.8 Bil
Sector: Communication Services
Industry: Interactive Media & Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 11%	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -92%	Key risks MTCH key risks include [1] declining user engagement and monetization at its flagship Tinder brand and [2] reputational damage and regulatory costs stemming from user safety incidents on its platforms.
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
3	Low stock price volatility Vol 12M is 35%
4	Megatrend and thematic drivers Megatrends include Digital Connection & Socialization, and E-commerce & Digital Retail. Themes include Online Dating Platforms, and Online Marketplaces.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.1%, FCF Yield is 11%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 29%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
3	Low stock price volatility Vol 12M is 35%
4	Megatrend and thematic drivers Megatrends include Digital Connection & Socialization, and E-commerce & Digital Retail. Themes include Online Dating Platforms, and Online Marketplaces.
5	Weak multi-year price returns 2Y Excs Rtn is -43%, 3Y Excs Rtn is -92%
6	Key risks MTCH key risks include [1] declining user engagement and monetization at its flagship Tinder brand and [2] reputational damage and regulatory costs stemming from user safety incidents on its platforms.

Valuation, Metrics & Events

	12/18/25	2024	2023	2022	2021
Share Price CYE	$32.50	$31.96	$35.66	$40.54	$129.21
Market Cap CYE ($ Bil)	7.8	8.0	9.6	11.3	34.8
Total Debt ($ Bil)	4.0	3.8	3.8	3.8	3.9
Total Cash ($ Bil)	1.1	1.0	0.9	0.6	0.8
Enterprise Value ($ Bil)	10.8	11.8	13.4	15.1	38.7
Valuation Ratios
P/S TTM	2.45	2.45	2.99	3.68	12.19
P/EBIT TTM	10.20	9.85	10.75	22.41	94.06
P/FCF TTM	8.82	9.65	12.14	24.60	43.69
P/E TTM	15.11	15.44	15.45	32.39	130.96
Sector Ratios
P/S TTM (Sector)	1.06	1.08	1.15	1.16	2.00
P/EBIT TTM (Sector)	2.98	3.83	2.67	2.08	6.70
P/FCF TTM (Sector)	7.44	7.51	6.51	3.06	5.82
P/E TTM (Sector)	-1.27	-0.91	-0.63	-0.42	4.32

	12/18/25	2024	2023
Share Price CYE	$32.50	$31.96	$35.66
Market Cap CYE ($ Bil)	7.8	8.0	9.6
Total Debt ($ Bil)	4.0	3.8	3.8
Total Cash ($ Bil)	1.1	1.0	0.9
Enterprise Value ($ Bil)	10.8	11.8	13.4
Valuation Ratios
P/S TTM	2.45	2.45	2.99
P/EBIT TTM	10.20	9.85	10.75
P/FCF TTM	8.82	9.65	12.14
P/E TTM	15.11	15.44	15.45
Sector Ratios
P/S TTM (Sector)	1.06	1.08	1.15
P/EBIT TTM (Sector)	2.98	3.83	2.67
P/FCF TTM (Sector)	7.44	7.51	6.51
P/E TTM (Sector)	-1.27	-0.91	-0.63

	MTCH	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	3.5
Rev Chg Q	2.1%	7.3%
Rev Chg LTM	-0.5%	6.0%
Rev Chg 3Y Avg	2.7%	5.5%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	0.8
CFO LTM ($ Bil)	1.0
Net Inc LTM ($ Bil)	0.6
Op Mgn LTM	24.0%	18.8%
CFO/Rev LTM	29.2%	20.4%
Net Inc Mgn	16.2%	13.1%
VALUATION	MODERATE
P/S	2.4	3.2
P/CFO	8.4	16.0
P/FCF	8.8	20.7
P/E	15.1	23.5
STABILITY	GOOD
Debt/Equity	0.48	0.21
Cash/Assets	0.23	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Payers - Total	14530000	9302025	Link
Payers - Tinder	9260000	9302025	Link
Payers - Evergreen and Emerging	2280000	9302025	Link
Revenue Per Payer (RPP) - Total	20.58	9302025	Link
Revenue Per Payer (RPP) - Tinder	17.66	9302025	Link
Revenue Per Payer (RPP) - Hinge	32.87	9302025	Link
Revenue Per Payer (RPP) - MG Asia	20.73	9302025	Link

Upcoming
1/06/2026	Dividend	Amount: $0.19 Payment On: 1/21/2026
2/03/2026	Earnings Release	Rev: $872 Mil (E) EPS: $1.00 (E)

MTCH Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

The requested time period (August 31, 2025, to December 18, 2025) is in the future. Therefore, I cannot provide factual key points for why Match Group (MTCH) stock moved by -12.5% during that specific future period.

Stock Movement Drivers

Fundamental Drivers

The -13.0% change in MTCH stock from 9/17/2025 to 12/17/2025 was primarily driven by a -18.1% change in the company's P/E Multiple.

	9172025	12172025	Change
Stock Price ($)	37.38	32.51	-13.04%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3450.58	3469.37	0.54%
Net Income Margin (%)	15.59%	16.20%	3.95%
P/E Multiple	16.99	13.91	-18.11%
Shares Outstanding (Mil)	244.37	240.51	1.58%
Cumulative Contribution			-13.06%

LTM = Last Twelve Months as of date shown

Market Drivers

9/17/2025 to 12/17/2025

	Return	Correlation
MTCH	-13.0%
Market (SPY)	1.9%	40.0%
Sector (XLC)	-2.5%	55.1%

Fundamental Drivers

The 8.5% change in MTCH stock from 6/18/2025 to 12/17/2025 was primarily driven by a 4.2% change in the company's Shares Outstanding (Mil).

	6182025	12172025	Change
Stock Price ($)	29.96	32.51	8.52%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3450.90	3469.37	0.54%
Net Income Margin (%)	15.81%	16.20%	2.47%
P/E Multiple	13.79	13.91	0.89%
Shares Outstanding (Mil)	251.13	240.51	4.23%
Cumulative Contribution			8.32%

LTM = Last Twelve Months as of date shown

Market Drivers

6/18/2025 to 12/17/2025

	Return	Correlation
MTCH	8.5%
Market (SPY)	12.7%	36.8%
Sector (XLC)	12.2%	38.8%

Fundamental Drivers

The 5.4% change in MTCH stock from 12/17/2024 to 12/17/2025 was primarily driven by a 9.2% change in the company's P/E Multiple.

	12172024	12172025	Change
Stock Price ($)	30.85	32.51	5.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3485.43	3469.37	-0.46%
Net Income Margin (%)	17.86%	16.20%	-9.31%
P/E Multiple	12.74	13.91	9.20%
Shares Outstanding (Mil)	257.07	240.51	6.44%
Cumulative Contribution			4.93%

LTM = Last Twelve Months as of date shown

Market Drivers

12/17/2024 to 12/17/2025

	Return	Correlation
MTCH	5.4%
Market (SPY)	12.1%	49.6%
Sector (XLC)	16.1%	53.1%

Fundamental Drivers

The -20.7% change in MTCH stock from 12/18/2022 to 12/17/2025 was primarily driven by a -86.9% change in the company's P/E Multiple.

	12182022	12172025	Change
Stock Price ($)	40.98	32.51	-20.66%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	3208.76	3469.37	8.12%
Net Income Margin (%)	3.39%	16.20%	378.09%
P/E Multiple	106.01	13.91	-86.88%
Shares Outstanding (Mil)	281.31	240.51	14.50%
Cumulative Contribution			-22.33%

LTM = Last Twelve Months as of date shown

Market Drivers

12/18/2023 to 12/17/2025

	Return	Correlation
MTCH	-2.2%
Market (SPY)	44.9%	39.3%
Sector (XLC)	64.1%	38.2%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MTCH Return	144%	-13%	-69%	-12%	-10%	1%	-47%
Peers Return	�	�	�	�	�	�	�
S&P 500 Return	16%	27%	-19%	24%	23%	14%	108%
Monthly Win Rates [3]
MTCH Win Rate	75%	42%	17%	42%	33%	50%
Peers Win Rate	�	�	�	�	�	46%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
MTCH Max Drawdown	-42%	-19%	-70%	-31%	-20%	-16%
Peers Max Drawdown	�	�	�	�	�	�
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: VMEO, STUB, WSHP, GOOGL, META. See MTCH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)

How Low Can It Go

Unique Key	Event	MTCH	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-83.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	517.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-48.8%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	95.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	74 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-39.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	65.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	147 days	120 days

Compare to VMEO, STUB, WSHP, GOOGL, META

In The Past

Match's stock fell -83.8% during the 2022 Inflation Shock from a high on 10/21/2021. A -83.8% loss requires a 517.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Match (MTCH)

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

AI Generated Analysis | Feedback

1. Amazon for dating apps

2. Netflix for dating

AI Generated Analysis | Feedback

Match Group (MTCH) provides a suite of online dating and social discovery services, each targeting different user preferences and relationship goals.

Tinder: A global mobile dating app known for its swipe-based interface that allows users to connect with others nearby for various relationship types.
Hinge: A dating app positioned for users seeking serious relationships, emphasizing thoughtful prompts and more detailed profiles to foster deeper connections.
Match.com: A long-standing online dating service focused on helping singles find compatible partners for long-term relationships through detailed profiles and algorithms.
OkCupid: An online dating platform that uses extensive questionnaires and advanced algorithms to match users based on compatibility and shared interests.
PlentyOfFish (POF): A free-to-use online dating service with a large user base, offering various features for users to meet and interact.

AI Generated Analysis | Feedback

Match Group (symbol: MTCH) primarily sells its services to individuals, not to other companies. Its major customers are the users of its various dating applications and websites. Here are up to three categories of customers that Match Group serves:

Individuals seeking serious or long-term relationships: This category includes users who are actively looking for a committed partnership, marriage, or deep, lasting connections. They often prioritize compatibility, detailed profiles, and features that facilitate meaningful interactions. Apps like Match.com and Hinge often cater strongly to this demographic.
Individuals seeking casual dating, short-term relationships, or social connections: This segment comprises users who are interested in meeting new people for less committed encounters, fun dates, new friendships, or exploring their options without immediate pressure for a serious relationship. Tinder, with its swipe-based interface and large user base, is a prominent example serving this category.
Individuals seeking connections with specific preferences or within niche communities: This category encompasses users who are looking for partners within particular age groups, geographical locations, the LGBTQ+ community, specific ethnic groups, or those with unique lifestyle choices or interests. While many of Match Group's larger apps serve broad demographics, they often offer features or foster environments that allow users to find more tailored connections (e.g., OkCupid's emphasis on detailed profiles and inclusivity, or targeted marketing for specific age demographics on Match.com).

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Amazon (AMZN)
Alphabet (GOOGL)

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Spencer Rascoff, Chief Executive Officer

Spencer Rascoff was appointed CEO of Match Group in February 2025. He is a seasoned entrepreneur and technology leader, having co-founded several successful companies including Zillow, Hotwire.com, Pacaso, Recon Food, dot.LA, Queue, heyLibby, House Whisper, and 75 & Sunny Ventures. He served as CEO of Zillow for a decade, leading the company through its IPO and 15 acquisitions, expanding it to over 4,500 employees and achieving a $10 billion market capitalization. Hotwire.com, which he co-founded at age 24, was sold to InterActiveCorp for $685 million in 2003. Rascoff also has experience as a private equity investor at TPG Capital and an investment banker at Goldman Sachs. He has been an active investor and advisor to numerous high-growth technology companies and has served on boards including Palantir and TripAdvisor.

Gary Swidler, President and Chief Financial Officer

Gary Swidler currently serves as President and Chief Financial Officer of Match Group, overseeing finance, accounting, tax, treasury, strategy, corporate development, and investor relations, as well as corporate communications, ad sales, user privacy, safety, and data security. He joined Match Group in 2015 as CFO, just prior to the company's IPO in November of that year. Before joining Match Group, Swidler spent 18 years at Bank of America Merrill Lynch, where his roles included Managing Director and leading the Financial Institutions Investment Banking Group. Prior to Merrill Lynch, he was an associate at the New York City-based law firm Wachtell, Lipton, Rosen & Katz. Swidler also serves as a director at DoubleVerify Holdings Inc.

Hesam Hosseini, Chief Operating Officer

Hesam Hosseini was promoted to Chief Operating Officer of Match Group, effective April 1, 2025. He brings extensive experience from his tenure at Match Group, which he joined in 2008, having held multiple leadership roles including CEO of Evergreen & Emerging Brands, CEO of Match and Match Affinity, and CEO of Plenty of Fish. Hosseini has also served as General Manager of New Initiatives and General Manager of Match International. He has overseen multiple strategic acquisitions and transformations across Match Group's portfolio. Prior to his time at Match Group, Hesam was a startup founder and a consultant with McKinsey & Company.

Justin McLeod, Founder and Chief Executive Officer, Hinge

Justin McLeod is the Founder and CEO of Hinge, a dating app he launched in February 2011 with a mission to create real-life connections. Hinge was acquired by Match Group in 2018, with Match Group taking 100% ownership by the first quarter of 2019. Prior to founding Hinge, McLeod worked in management consulting and notably turned down a lucrative job offer from McKinsey to pursue his entrepreneurial passion for Hinge.

Malgosia Green, Chief Executive Officer, Match Group Asia

Malgosia Green serves as the CEO of Match Group Asia. Before taking on this role, she was the CEO of Plenty of Fish, another Match Group dating app, from 2018 to 2022. Prior to joining Match Group, Green was the Chief Product Officer at the educational technology company Top Hat, where she led product and engineering teams and helped scale the company significantly. She also founded and served as CEO of Savvica, an online marketing company focused on international education, which launched LearnHub, becoming India's largest education site.

AI Generated Analysis | Feedback

The key risks to Match Group's (MTCH) business are primarily centered on its flagship application, the highly competitive online dating market, and regulatory and reputational challenges.

Declining Tinder User Engagement and Monetization: Match Group faces a significant risk from the declining user engagement and monetization trends of Tinder, its largest and most profitable brand. Recent data indicates year-over-year declines in Monthly Active Users (MAU) and payers for Tinder. A prolonged deterioration in these metrics would materially impact Match Group's overall revenue growth, margins, and profitability, as Tinder accounts for a substantial portion of the company's financials. While management is implementing initiatives to improve user experience and monetization, the success of these efforts is crucial for the company's future performance.
Intense Competition and Lack of User Stickiness: The online dating industry is highly competitive, with numerous direct competitors, including other dating app providers that vie for the same user base and market share. Users exhibit low stickiness and switching costs, allowing them to easily move between platforms. This intense competitive landscape necessitates continuous innovation, aggressive marketing, and strategic acquisitions to maintain market position. The prevalence of free dating apps also challenges Match Group's ability to convert users into paying members, affecting its primary business strategy.
Regulatory Scrutiny, Data Privacy, and Brand Reputation: Match Group is exposed to increasing regulatory costs and evolving data privacy regulations, which can impact its operations and financial performance. Furthermore, the company faces the risk of negative publicity or legal action stemming from users suffering harm or engaging in inappropriate actions on its platforms. Such incidents can damage the reputation of its brands and the online dating industry generally, potentially leading to a decline in user trust and engagement.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

Match Group (NASDAQ: MTCH) operates a diverse portfolio of online dating products and services globally, including prominent brands such as Tinder, Hinge, Match.com, OkCupid, and Plenty of Fish. The addressable market for these main products and services is broadly defined by the global and regional online dating markets.

Global Online Dating Market

The global online dating market was estimated to be approximately USD 9.4 billion in 2023 and is projected to grow to around USD 18.1 billion by 2033, with a compound annual growth rate (CAGR) of 6.8% from 2024 to 2033. Other estimates place the global market size at USD 9.65 billion in 2022, with a projection to reach USD 17.28 billion by 2030 at a CAGR of 7.4%. Another report estimates the market at USD 9 billion in 2022, anticipated to reach approximately USD 30 billion by 2032 with a CAGR of roughly 7% between 2023 and 2032. More recently, the global online dating market made over $6 billion in revenue in 2024 and is expected to reach nearly $9 billion by 2030. An estimated 350 million people worldwide use dating apps, with around 25 million subscribing to premium features. Approximately 400 million people globally use dating apps.

U.S. Online Dating Market

In the United States, the online dating apps market was valued at USD 0.92 billion in 2023 and is projected to grow to USD 1.23 billion by 2029, with a CAGR of 4.92%. Another valuation for the USA Online Dating Services Market indicates it is worth USD 1.5 billion. North America, which includes the U.S., held a significant market position, capturing over 40% of the global market share and generating USD 3.7 billion in revenue in 2023. North America was the largest dating app market, contributing 50% of global revenue in 2024. In 2024, the U.S. had approximately 61 million dating app users. About 53 million Americans actively use online dating services.

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Match Group (MTCH) is focusing on several key initiatives to drive revenue growth over the next two to three years:

Product-led User Experience Enhancements and AI Integration: The company plans to prioritize launching new features and leveraging AI across its core brands, particularly Tinder and Hinge. This includes tools such as the expanded Chemistry feature, additional Modes, and wider implementation of Face Check for improved user safety and engagement. These product innovations, like AI-enabled Discovery and new prompt-driven profile elements, are designed to drive deeper user interactions, especially among Gen Z, and position the company for sustainable long-term growth.
International Market Expansion for Hinge: Hinge continues to be a strong performer, and its ongoing international expansion, notably with launches in Latin America (Mexico and planned for Brazil), is expected to significantly broaden Match Group's addressable user base. Management has cited strong early traction in new markets as evidence of Hinge's global scalability, making it a key long-term growth engine.
Leveraging Alternative Payment Solutions: The successful shift to web-based payments and continued adoption of alternative payment solutions are projected to improve margins by generating significant annual savings. These operational efficiencies are expected to provide additional funds that can be reinvested into product innovation and growth initiatives.
Sustained Growth from Hinge and Emerging Brands: Hinge has demonstrated impressive user and revenue growth, and its continued momentum is anticipated to be a significant contributor to overall revenue. Additionally, Match Group is making early-stage investments in new platforms like Archer and HER, indicating a diversified approach to innovation and potential future revenue streams.
Increased Revenue Per Payer (RPP) through Monetization Strategies: Despite some declines in overall payer numbers, Match Group has shown an ability to increase its Revenue Per Payer (RPP). This indicates effective monetization of its existing user base through product improvements and premium features, a trend expected to continue contributing to revenue growth.

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Capital Allocation Decisions for Match Group (MTCH) (2020-2025)

Share Repurchases

    Match Group's Board of Directors authorized a new share repurchase program of up to $1.5 billion in December 2024. This authorization will take effect once the remaining $247 million from a previous program is exhausted.
    For the full year 2024, the company repurchased $753 million of common stock.
    Year-to-date through September 30, 2025, Match Group repurchased $550 million of its shares, and an additional $100 million in October 2025. As of October 31, 2025, $1.10 billion remained available under the current share repurchase program.


Share Issuance

    In 2023, Match Group received $15.8 million from the issuance of common stock related to stock-based awards.
    The company incurred stock-based compensation expenses of $133.687 million in the first half of 2024 and $137.861 million in the first half of 2025.


Capital Expenditures

    Match Group's capital expenditures averaged $57.892 million annually for the fiscal years ending December 2020 to 2024.
    The company's capital expenditures were $29.9 million in 2024, primarily focused on internal software development and computer hardware.
    For 2025, Match Group anticipates cash capital expenditures to be between $55 million and $65 million, with a continued focus on internally developed software.

Better Bets than Match (MTCH)

	MTCH	Better Performance than MTCH
Metric	Value	INDUSTRY: Interactive Media & Services
Rev Chg LTM	-0.5%	RDDT (69.7%), META (21.3%), PINS (16.8%), GOOGL (13.4%), SPOT (11.9%)
Rev Chg 3Y Avg	2.7%	RDDT (45.3%), META (17.3%), SPOT (14.6%), PINS (13.6%), GOOGL (11.0%)
Op Mgn LTM	24.0%	META (43.2%), GOOGL (32.2%), AREN (30.5%)
CFO/Rev LTM	29.2%	META (56.8%), GOOGL (39.3%), GTM (34.8%), CARG (31.1%)
FCF/Rev LTM	27.7%	GTM (28.0%)
Total Yield	8.3%	UPXI (17.1%), SSTK (14.2%), UPWK (10.1%), PINS (9.1%), NRDS (9.0%)
P/S	2.4	NRDS (1.0), EVER (1.3), YELP (1.3), WBTN (1.8), SNAP (2.3)
P/Op Inc	10.2	BMBL (3.1), GETY (3.4), SSTK (8.2)

	MTCH	Better Performance than MTCH
Metric	Value	SECTOR: Communication Services
Rev Chg LTM	-0.5%	META (21.3%), NFLX (15.4%), GOOGL (13.4%), TMUS (7.3%), DIS (3.4%)
Rev Chg 3Y Avg	2.7%	META (17.3%), SPOT (14.6%), NFLX (11.4%), GOOGL (11.0%), DIS (4.5%)
Op Mgn LTM	24.0%	META (43.2%), TKO (42.6%), GOOGL (32.2%), NFLX (29.1%), CHTR (24.5%)
CFO/Rev LTM	29.2%	META (56.8%), GOOGL (39.3%), T (32.8%), TMUS (31.3%), RBLX (30.8%)
FCF/Rev LTM	27.7%	GSAT (108.0%), TKO (37.0%), IRDM (35.0%), NEXN (34.8%), GTM (28.0%)
Total Yield	8.3%	CMCSA (23.8%), VZ (16.8%), CHTR (13.8%), T (11.0%), FWONA (8.7%)
P/S	2.4	CMCSA (0.9), WBD (1.3), VZ (1.4), T (1.6), DIS (2.1)
P/Op Inc	10.2	CHTR (2.8), CMCSA (5.2), VZ (5.9), T (8.3), FOXA (8.7)

	MTCH	Better Performance than MTCH
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-0.5%	NVDA (65.2%), AVGO (28.0%), MSFT (15.6%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	2.7%	NVDA (91.6%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), TSLA (9.3%)
Op Mgn LTM	24.0%	NVDA (58.8%), MSFT (46.3%), LLY (43.0%), AVGO (39.0%), AAPL (31.9%)
CFO/Rev LTM	29.2%	MA (56.1%), MSFT (50.0%), NVDA (44.4%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	27.7%	V (53.9%), MA (52.5%), PLTR (46.0%), AVGO (41.6%), NVDA (41.3%)
Total Yield	8.3%	MRK (13.0%), WFC (9.9%), XOM (9.8%), JNJ (8.4%), CVX (8.3%)
P/S	2.4	UNH (0.7), WMT (1.2), XOM (1.5), COST (1.5), HD (2.1)
P/Op Inc	10.2	BUD (7.7), BN (8.4), MRK (9.4), COP (9.4), PFE (9.4)

		Best Bets In Communication Services Sector
	MTCH	META	TTD	MTCH	PINS	GOOGL	CARG	NXST	T	UPWK	FWONA
What You Pay
P/E	15.1	31.6	54.5	15.1	11.0	23.6	24.0	11.6	9.1	9.9	11.5
P/EBIT	10.2	21.7	45.3	10.2	77.8	19.3	17.6	5.5	5.8	21.4	68.0
What You Get
Rev Chg Q	2.1%	26.2%	17.7%	2.1%	16.8%	15.9%	3.2%	-12.3%	1.6%	4.1%	19.1%
Rev Chg LTM	-0.5%	21.3%	20.8%	-0.5%	16.8%	13.4%	4.2%	-1.4%	2.0%	2.5%	8.7%
Rev Chg 3Y Avg	2.7%	17.3%	23.5%	2.7%	13.6%	11.0%	-15.9%	1.2%	1.1%	9.7%	16.5%
FCF/Rev 3Y Avg	25.8%	29.0%	26.6%	25.8%	22.9%	20.5%	18.6%	17.6%	16.3%	15.4%	14.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 12%, alpha of 0.5%, and sharpe of 0.56

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Match Earnings Notes
2	Can Match Stock Recover If Markets Fall?	Return
3	MTCH Dips 5.4% In One Day: Does It Lead the Pack?
4	MTCH's 18% One Month Pop Begs The Question: Is LNG Better Instead?	Counter-Intuitive Comparisons
5	Better Bet Than MTCH Stock: Pay Less Than Match To Get More From UNH, MRK
6	Better Bet Than MTCH Stock: Pay Less Than Match To Get More From OMC
7	Day 8 of Gains Streak for Match Stock with 8.4% Return (vs. 6.9% YTD) [7/25/2025]	Notification
8	Day 7 of Gains Streak for Match Stock with 7% Return (vs. 5.4% YTD) [7/24/2025]	Notification
9	MTCH Dip Buy Analysis
10	Match Total Shareholder Return (TSR): -10.4% in 2024 and -37.2% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	MTCH Down 5.4% in One Day: Is It Outperforming Its Rivals?		September 23rd, 2025
13	S&P 500 Movers \| Winners: TER, ORCL, AMAT \| Losers: KVUE, MTCH, KDP		September 23rd, 2025
14	S&P 500 Movers \| Winners: WBD, MTCH, SWK \| Losers: JBL, KR, GE		August 14th, 2025
15	S&P 500 Movers \| Winners: ANET, AIZ, MTCH \| Losers: SMCI, NRG, MOS		August 7th, 2025
16	MTCH Stock Up 8.4% after 8-Day Win Streak		July 26th, 2025

	Title
0	DASHBOARDS
1	Match Earnings Notes
2	Can Match Stock Recover If Markets Fall?
3	MTCH Dips 5.4% In One Day: Does It Lead the Pack?
4	MTCH's 18% One Month Pop Begs The Question: Is LNG Better Instead?
5	Better Bet Than MTCH Stock: Pay Less Than Match To Get More From UNH, MRK
6	Better Bet Than MTCH Stock: Pay Less Than Match To Get More From OMC
7	Day 8 of Gains Streak for Match Stock with 8.4% Return (vs. 6.9% YTD) [7/25/2025]
8	Day 7 of Gains Streak for Match Stock with 7% Return (vs. 5.4% YTD) [7/24/2025]
9	MTCH Dip Buy Analysis
10	Match Total Shareholder Return (TSR): -10.4% in 2024 and -37.2% 3-yr compounded annual returns (below peer average)
11	ARTICLES
12	MTCH Down 5.4% in One Day: Is It Outperforming Its Rivals?
13	S&P 500 Movers \| Winners: TER, ORCL, AMAT \| Losers: KVUE, MTCH, KDP
14	S&P 500 Movers \| Winners: WBD, MTCH, SWK \| Losers: JBL, KR, GE
15	S&P 500 Movers \| Winners: ANET, AIZ, MTCH \| Losers: SMCI, NRG, MOS
16	MTCH Stock Up 8.4% after 8-Day Win Streak

Trade Ideas

Select past ideas related to MTCH. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.3%	-1.3%	-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-5.0%	-5.0%	-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.5%	-1.5%	-3.9%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	1.3%	1.3%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-28.9%	-28.9%	-29.8%
MTCH_11302024_Dip_Buyer_FCFYield	11302024	MTCH	Match	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.5%	4.1%	-16.5%
MTCH_9302023_Dip_Buyer_FCFYield	09302023	MTCH	Match	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.4%	-3.5%	-27.4%
MTCH#57665R106_1312020_Quality_Momentum_RoomToRun_10%	01312020	MTCH	Match II [DELISTED]	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	74.0%	136.9%	-39.5%
MTCH#57665R106_5312018_Quality_Momentum_RoomToRun_10%	05312018	MTCH	Match II [DELISTED]	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	0.5%	75.3%	-14.4%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper	11302025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.3%	-1.3%	-1.4%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	TMUS	T-Mobile US	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-5.0%	-5.0%	-6.4%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	Z	Zillow	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-1.5%	-1.5%	-3.9%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11072025	IRDM	Iridium Communications	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	1.3%	1.3%	-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE	10032025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-28.9%	-28.9%	-29.8%
MTCH_11302024_Dip_Buyer_FCFYield	11302024	MTCH	Match	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.5%	4.1%	-16.5%
MTCH_9302023_Dip_Buyer_FCFYield	09302023	MTCH	Match	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.4%	-3.5%	-27.4%
MTCH#57665R106_1312020_Quality_Momentum_RoomToRun_10%	01312020	MTCH	Match II [DELISTED]	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	74.0%	136.9%	-39.5%
MTCH#57665R106_5312018_Quality_Momentum_RoomToRun_10%	05312018	MTCH	Match II [DELISTED]	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	0.5%	75.3%	-14.4%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
UDMY	Udemy	0.9	12.7%	-26.5%
TWO	Two Harbors Investment	1.2	12.1%	8.5%
IOVA	Iovance Biotherapeutics	0.9	12.0%	-65.9%
KOD	Kodiak Sciences	1.4	11.8%	171.1%
RXRX	Recursion Pharmaceuticals	2.1	11.4%	-30.8%
TTC	Toro	7.9	10.7%	2.0%
HUT	Hut 8	4.2	9.0%	96.0%
TPL	Texas Pacific Land	20.3	7.6%	-19.7%
AXGN	Axogen	1.5	7.0%	90.5%
SSII	SS Innovations International	1.1	6.7%	-25.6%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NOW	ServiceNow	32.5	-80.0%	-85.2%
FDMT	4D Molecular Therapeutics	0.5	-20.1%	65.4%
IMNM	Immunome	1.7	-15.8%	86.3%
HNRG	Hallador Energy	0.7	-15.2%	51.2%
AMPX	Amprius Technologies	1.1	-14.6%	213.6%
BNTC	Benitec Biopharma	0.4	-13.1%	-14.6%
FLNC	Fluence Energy	2.4	-12.9%	16.9%
IMSR	Terrestrial Energy	0.7	-12.6%
BE	Bloom Energy	18.1	-12.1%	246.6%
BW	Babcock & Wilcox Enterprises	0.5	-12.1%	182.9%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	13.7	55.9%	-3.2%
PL	Planet Labs PBC	5.0	27.3%	307.7%
EEX	Emerald	0.9	25.9%	-2.8%
EVCM	EverCommerce	2.2	17.2%	10.4%
CNL	Collective Mining	1.1	15.8%	229.3%
ENVA	Enova International	4.1	15.8%	70.8%
IMVT	Immunovant	4.6	14.5%	8.9%
QURE	uniQure	1.3	14.3%	30.4%
INNV	InnovAge	0.8	14.2%	49.6%
PGEN	Precigen	1.2	13.4%	255.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.7%	-85.2%
RZLT	Rezolute	0.2	-81.6%	-59.0%
FRMI	Fermi	6.3	-41.1%
LENZ	LENZ Therapeutics	0.5	-34.6%	-43.3%
BETR	Better Home & Finance	0.5	-30.9%	292.0%
LWLG	Lightwave Logic	0.4	-29.5%	41.4%
APLD	Applied Digital	5.6	-29.0%	188.0%
CRWV	CoreWeave	31.4	-26.8%
WULF	TeraWulf	4.5	-26.6%	104.4%
BW	Babcock & Wilcox Enterprises	0.5	-26.5%	182.9%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	282.6%	459.2%
WVE	WAVE Life Sciences	2.7	128.5%	32.1%
ALMS	Alumis	0.8	89.8%	34.6%
NUVB	Nuvation Bio	2.9	82.4%	220.3%
SEMR	SEMrush	1.8	75.7%	-0.2%
TE	T1 Energy	0.8	70.4%
ANF	Abercrombie & Fitch	5.6	68.4%	-21.6%
CBLL	CeriBell	0.8	67.5%	-16.6%
FTRE	Fortrea	1.5	65.4%	-13.2%
VERA	Vera Therapeutics	3.1	64.7%	14.8%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.3%	-85.2%
RZLT	Rezolute	0.2	-80.3%	-59.0%
JANX	Janux Therapeutics	0.9	-50.9%	-73.7%
FRMI	Fermi	6.3	-50.6%
AGIO	Agios Pharmaceuticals	1.5	-43.6%	-22.6%
IMSR	Terrestrial Energy	0.7	-38.9%
LENZ	LENZ Therapeutics	0.5	-36.3%	-43.3%
LWLG	Lightwave Logic	0.4	-36.3%	41.4%
UAMY	United States Antimony	0.5	-33.7%	156.5%
BETR	Better Home & Finance	0.5	-33.6%	292.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
UDMY	Udemy	0.9	12.7%	-26.5%
TWO	Two Harbors Investment	1.2	12.1%	8.5%
IOVA	Iovance Biotherapeutics	0.9	12.0%	-65.9%
KOD	Kodiak Sciences	1.4	11.8%	171.1%
RXRX	Recursion Pharmaceuticals	2.1	11.4%	-30.8%
TTC	Toro	7.9	10.7%	2.0%
HUT	Hut 8	4.2	9.0%	96.0%
TPL	Texas Pacific Land	20.3	7.6%	-19.7%
AXGN	Axogen	1.5	7.0%	90.5%
SSII	SS Innovations International	1.1	6.7%	-25.6%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NOW	ServiceNow	32.5	-80.0%	-85.2%
FDMT	4D Molecular Therapeutics	0.5	-20.1%	65.4%
IMNM	Immunome	1.7	-15.8%	86.3%
HNRG	Hallador Energy	0.7	-15.2%	51.2%
AMPX	Amprius Technologies	1.1	-14.6%	213.6%
BNTC	Benitec Biopharma	0.4	-13.1%	-14.6%
FLNC	Fluence Energy	2.4	-12.9%	16.9%
IMSR	Terrestrial Energy	0.7	-12.6%
BE	Bloom Energy	18.1	-12.1%	246.6%
BW	Babcock & Wilcox Enterprises	0.5	-12.1%	182.9%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	13.7	55.9%	-3.2%
PL	Planet Labs PBC	5.0	27.3%	307.7%
EEX	Emerald	0.9	25.9%	-2.8%
EVCM	EverCommerce	2.2	17.2%	10.4%
CNL	Collective Mining	1.1	15.8%	229.3%
ENVA	Enova International	4.1	15.8%	70.8%
IMVT	Immunovant	4.6	14.5%	8.9%
QURE	uniQure	1.3	14.3%	30.4%
INNV	InnovAge	0.8	14.2%	49.6%
PGEN	Precigen	1.2	13.4%	255.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.7%	-85.2%
RZLT	Rezolute	0.2	-81.6%	-59.0%
FRMI	Fermi	6.3	-41.1%
LENZ	LENZ Therapeutics	0.5	-34.6%	-43.3%
BETR	Better Home & Finance	0.5	-30.9%	292.0%
LWLG	Lightwave Logic	0.4	-29.5%	41.4%
APLD	Applied Digital	5.6	-29.0%	188.0%
CRWV	CoreWeave	31.4	-26.8%
WULF	TeraWulf	4.5	-26.6%	104.4%
BW	Babcock & Wilcox Enterprises	0.5	-26.5%	182.9%

Peer Comparisons for Match

Peers to compare with:

Financials

	MTCH	VMEO	STUB	WSHP	GOOGL	META	Median
Name	Match	Vimeo	Stubhub	WeShop	Alphabet	Meta Pla.
Mkt Price	32.51	-	13.99	118.11	296.72	649.50	118.11
Mkt Cap	7.8	-	5.2	-	3,586.2	1,634.8	821.3
Rev LTM	3,469	-	1,829	-	385,477	189,457	96,463
Op Inc LTM	831	-	-1,243	-	124,077	81,895	41,363
FCF LTM	963	-	6	-	73,552	44,841	22,902
FCF 3Y Avg	881	-	-	-	68,998	45,044	45,044
CFO LTM	1,012	-	32	-	151,424	107,574	54,293
CFO 3Y Avg	937	-	-	-	120,990	85,513	85,513

Growth & Margins

	MTCH	VMEO	STUB	WSHP	GOOGL	META	Median
Name	Match	Vimeo	Stubhub	WeShop	Alphabet	Meta Pla.
Rev Chg LTM	-0.5%	-	14.6%	-	13.4%	21.3%	14.0%
Rev Chg 3Y Avg	2.7%	-	-	-	11.0%	17.3%	11.0%
Rev Chg Q	2.1%	-	7.9%	-	15.9%	26.2%	11.9%
QoQ Delta Rev Chg LTM	0.5%	-	1.9%	-	3.8%	6.0%	2.9%
Op Mgn LTM	24.0%	-	-68.0%	-	32.2%	43.2%	28.1%
Op Mgn 3Y Avg	25.8%	-	-	-	29.9%	37.4%	29.9%
QoQ Delta Op Mgn LTM	-0.8%	-	-75.6%	-	-0.5%	-0.8%	-0.8%
CFO/Rev LTM	29.2%	-	1.7%	-	39.3%	56.8%	34.2%
CFO/Rev 3Y Avg	27.4%	-	-	-	35.3%	54.0%	35.3%
FCF/Rev LTM	27.7%	-	0.3%	-	19.1%	23.7%	21.4%
FCF/Rev 3Y Avg	25.8%	-	-	-	20.5%	29.0%	25.8%

Valuation

	MTCH	VMEO	STUB	WSHP	GOOGL	META	Median
Name	Match	Vimeo	Stubhub	WeShop	Alphabet	Meta Pla.
Mkt Cap	7.8	-	5.2	-	3,586.2	1,634.8	821.3
P/S	2.4	-	2.9	-	7.6	9.8	5.2
P/EBIT	10.2	-	-	-	19.3	21.7	19.3
P/E	15.1	-	-4.0	-	23.6	31.6	19.4
P/CFO	8.4	-	164.1	-	19.4	17.2	18.3
Total Yield	8.3%	-	-25.1%	-	4.6%	3.5%	4.0%
Dividend Yield	1.7%	-	0.0%	-	0.3%	0.3%	0.3%
FCF Yield 3Y Avg	9.3%	-	-	-	3.3%	3.6%	3.6%
D/E	0.5	-	-	-	0.0	0.0	0.0
Net D/E	0.4	-	-	-	-0.0	0.0	0.0

Returns

	MTCH	VMEO	STUB	WSHP	GOOGL	META	Median
Name	Match	Vimeo	Stubhub	WeShop	Alphabet	Meta Pla.
1M Rtn	2.9%	-	9.1%	198.9%	4.2%	8.0%	8.0%
3M Rtn	-13.0%	-	-36.4%	-	19.0%	-16.1%	-14.6%
6M Rtn	8.5%	-	-	-	71.5%	-6.5%	8.5%
12M Rtn	5.4%	-	-	-	52.4%	5.2%	5.4%
3Y Rtn	-20.7%	-	-	-	231.2%	447.6%	231.2%
1M Excs Rtn	2.2%	-	8.4%	198.2%	3.4%	7.2%	7.2%
3M Excs Rtn	-16.6%	-	-33.1%	-	16.5%	-18.0%	-17.3%
6M Excs Rtn	-3.9%	-	-	-	59.1%	-18.9%	-3.9%
12M Excs Rtn	-5.3%	-	-	-	45.9%	-6.0%	-5.3%
3Y Excs Rtn	-92.0%	-	-	-	152.0%	401.7%	152.0%

Comparison Analyses

	Title
0	MTCH Looks Stronger Than ESI With 9.6% Return Potential
1	Match Group vs. Bright Horizons Family Solutions: With Return Forecast Of 53%, Match Group Is A Better Bet
2	Match Group vs. Veeva Systems: With Return Forecast Of 79%, Veeva Systems Is A Better Bet
3	Match Group vs. Aptiv: With Return Forecast Of 69%, Match Group Is A Better Bet
4	Match Group vs. Autodesk: With Return Forecast Of 69%, Match Group Is A Better Bet
5	Match Group vs. Fortinet: With Return Forecast Of 37%-40%, Both Seem Like Good Bets
6	Match Group vs. Cadence Design Systems: With Return Forecast Of 37%, Match Group Is A Better Bet
7	Match Group vs. Arista Networks: With Return Forecast Of 37%, Match Group Is A Better Bet
8	Match Group vs. Exelon: With Return Forecast Of 19%, Match Group Is A Better Bet
9	Match Group vs. LNG: With Return Forecast Of 34%, LNG Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/5/2025	2/27/2025	2/23/2024	2/24/2023	2/24/2022	2/25/2021	2/28/2020
Key Financials
Total Revenue	3,469	3,479	3,365	3,189	2,983	2,391	2,051
EBITDA	929	952	998	567	428	803	687
Operating Income	831	897	965	881	880	753	645
Net Income	562	551	652	362	278	162	454
EPS	2.28	2.12	2.36	1.28	1.01	0.73	2.50
Growth Rates
Total Revenue Growth	-0.5%	3.4%	5.5%	6.9%	24.8%	16.6%	18.6%
EBITDA Growth	-7.1%	-4.7%	76.2%	32.4%	-46.7%	16.9%	15.7%
Operating Income Growth	-9.3%	-7.0%	9.5%	0.1%	16.9%	16.7%	17.5%
Net Income Growth	-9.7%	-15.4%	80.0%	30.3%	71.1%	-64.2%	-27.6%
Margins
EBITDA Margin	26.8%	27.4%	29.7%	17.8%	14.3%	33.6%	33.5%
Operating Income Margin	24.0%	25.8%	28.7%	27.6%	29.5%	31.5%	31.5%
Net Income Margin	16.2%	15.8%	19.4%	11.4%	9.3%	6.8%	22.1%
Cash & Debt
Total Cash	1,057	971	869	581	827	739	486
Total Debt	4,045	3,849	3,842	3,836	3,929	3,841	2,890
Net Debt / (Cash)	2,989	2,878	2,974	3,255	3,102	3,102	2,404
Cash Flows
Net Cash from Operations	1,012	933	897	526	912	802	938
Free Cash from Operations	963	882	829	477	833	760	899
Returns to Shareholders
Dividends	141	-0	-0	-0	-0	-0	-0
Share Repurchases	672	753	546	482	-0	133	216

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/5/2025	8/6/2025	5/8/2025	2/27/2025	11/12/2024	8/1/2024	5/8/2024	2/23/2024	11/2/2023	8/3/2023	5/5/2023	2/24/2023
Key Financials Quarterly
Total Revenue	914	864	831	860	895	864	860	866	882	830	787	786
Ebitda	246	218	207	258	243	247	225	285	269	244	224	117
Operating Income	230	194	173	234	253	205	185	274	254	215	198	221
Net Income	161	125	118	158	136	133	123	230	164	137	121	85
EPS	0.67	0.51	0.47	0.63	0.53	0.50	0.46	0.85	0.59	0.49	0.43	0.30
Key Financials TTM
Total Revenue TTM	3,469	3,451	3,451	3,479	3,485	3,472	3,437	3,365	3,284	3,212	3,177	3,189
Ebitda TTM	929	927	955	973	1,000	1,026	1,023	1,022	854	809	572	579
Operating Income TTM	831	853	864	876	916	917	928	941	888	854	859	869
Net Income TTM	562	538	546	551	623	650	654	652	506	471	302	362
Growth Rates Quarterly
Total Revenue Growth	2.1%	-0.0%	-3.3%	-0.7%	1.6%	4.2%	9.2%	10.2%	8.9%	4.4%	-1.4%	-2.5%
EBITDA Growth	1.0%	-11.6%	-7.9%	-9.5%	-9.6%	1.2%	0.3%	143.0%	20.2%	3544.5%	-3.2%	164.6%
Operating Income Growth	-8.9%	-5.2%	-6.6%	-14.6%	-0.5%	-4.8%	-6.8%	24.0%	15.4%	-2.1%	-4.6%	-9.8%
Net Income Growth	17.8%	-5.9%	-4.6%	-31.1%	-16.6%	-2.9%	2.0%	171.5%	27.2%	531.1%	-33.1%	150.2%
Margins Quarterly
EBITDA Margin	26.9%	25.3%	25.0%	30.0%	27.1%	28.6%	26.2%	32.9%	30.5%	29.4%	28.5%	14.9%
Operating Income Margin	25.2%	22.5%	20.8%	27.2%	28.2%	23.7%	21.5%	31.6%	28.8%	25.9%	25.2%	28.1%
Net Income Margin	17.6%	14.5%	14.1%	18.4%	15.2%	15.4%	14.3%	26.5%	18.6%	16.6%	15.3%	10.8%
Cash & Debt
Total Cash	1,057	340	414	971	861	844	921	869	713	741	578	581
Total Debt	4,045	3,429	3,427	3,849	3,847	3,846	3,844	3,842	3,841	3,839	3,837	3,836
Net Debt / (Cash)	2,989	3,088	3,013	2,878	2,986	3,002	2,923	2,974	3,128	3,098	3,259	3,255
Cash Flows Quarterly
FCF from Operations	321	244	193	255	265	129	284	276	291	209	120	225
Cash Flows TTM
FCF from Operations TTM	1,012	957	842	933	954	980	1,061	897	846	836	414	526
Returns to Shareholders Quarterly
Dividends	46	47	48	0	0	0	0	0	0	0	0	0
Share Repurchases	130	231	189	122	243	199	189	101	300	33	113	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	11.6%	8.8%	7.9%	9.9%	9.8%	7.5%	6.9%	12.1%	8.5%	6.7%	5.9%	8.7%
Return on Invested Capital (ROIC) TTM
ROIC TTM	10.3%	9.8%	9.4%	9.0%	9.8%	9.4%	9.2%	8.7%	7.9%	7.0%	7.1%	8.2%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Tinder	1,964
Evergreen & Emerging	701
Hinge	396
Match Group ( MG) Asia	303
Eliminations	0
Connections		3,189	2,983	2,391
Dating					2,051
Total	3,365	3,189	2,983	2,391	2,051

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Tinder	956
Evergreen & Emerging	82
Hinge	74
Match Group ( MG) Asia	-9
Corporate and unallocated costs	-187
Total	917

Price Behavior

Price Behavior

Market Price	$32.51
Market Cap ($ Bil)	7.8
First Trading Date	11/19/2015
Distance from 52W High	-15.7%
	50 Days	200 Days
DMA Price	$32.77	$32.48
DMA Trend	indeterminate	down
Distance from DMA	-0.8%	0.1%
	3M	1YR
Volatility	27.2%	34.5%
Downside Capture	121.78	89.04
Upside Capture	39.67	84.03
Correlation (SPY)	41.8%	49.9%

MTCH Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.29	1.10	0.95	1.11	0.87	1.03
Up Beta	0.83	1.35	1.43	1.18	0.86	0.88
Down Beta	0.39	0.80	0.95	1.18	0.86	0.93
Up Capture	183%	82%	35%	99%	76%	90%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	21	30	66	130	365
Down Capture	137%	135%	118%	109%	94%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	20	32	59	117	382

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of MTCH With Other Asset Classes (Last 1Y)
	MTCH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	8.8%	14.3%	12.1%	61.5%	2.2%	-2.2%	-12.7%
Annualized Volatility	34.6%	18.8%	19.7%	19.3%	15.9%	17.7%	35.4%
Sharpe Ratio	0.29	0.57	0.46	2.36	-0.05	-0.28	-0.17
Correlation With Other Assets		52.3%	49.5%	2.5%	15.1%	41.6%	22.1%

ETFs used for asset classes: Sector ETF = XLC, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of MTCH With Other Asset Classes (Last 5Y)
	MTCH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-25.3%	12.7%	14.4%	18.3%	11.4%	4.8%	36.3%
Annualized Volatility	45.3%	20.9%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	-0.49	0.52	0.68	0.95	0.49	0.17	0.63
Correlation With Other Assets		54.0%	50.5%	7.3%	10.8%	40.5%	21.5%

Based On 10-Year Data

		Comparison of MTCH With Other Asset Classes (Last 10Y)
	MTCH	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	13.1%	12.9%	14.5%	14.6%	6.1%	5.4%	70.7%
Annualized Volatility	47.7%	22.6%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.44	0.52	0.69	0.82	0.27	0.23	0.91
Correlation With Other Assets		50.0%	44.4%	5.4%	12.4%	35.0%	13.2%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	12,748,624
Short Interest: % Change Since 11152025	25.3%
Average Daily Volume	3,281,424
Days-to-Cover Short Interest	3.89
Basic Shares Quantity	240,510,000
Short % of Basic Shares	5.3%

Returns Analyses

	Title
0	Can Match Stock Recover If Markets Fall?
1	MTCH YTD Stock Return Of -18% Outperforms BMBL by 18% and Underperforms FDS by -23%
2	Match Group (MTCH) Stock Has 54% Chance Of Rise In The Next One Month
3	Match Stock Return Comparison
4	[10/6/2021] Match Group (MTCH) Stock Price Forecast: AI Forecasts MTCH Stock Price To Be Around $160 In A Month (Up 2%)

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/4/2025	5.2%	4.4%	9.4%
8/5/2025	10.5%	8.0%	10.9%
5/8/2025	-9.6%	-3.2%	4.8%
2/4/2025	-7.9%	-7.0%	-14.1%
11/6/2024	-17.9%	-18.8%	-13.1%
7/30/2024	13.2%	5.9%	9.1%
5/7/2024	-5.4%	1.4%	3.8%
1/30/2024	1.7%	-4.5%	-4.5%
...
SUMMARY STATS
# Positive	13	11	11
# Negative	10	12	12
Median Positive	4.9%	4.7%	8.7%
Median Negative	-7.9%	-8.4%	-13.4%
Max Positive	13.2%	12.8%	13.8%
Max Negative	-17.9%	-18.8%	-26.3%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	11052025	10-Q 9/30/2025
6302025	8062025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2272025	10-K 12/31/2024
9302024	11122024	10-Q 9/30/2024
6302024	8012024	10-Q 6/30/2024
3312024	5082024	10-Q 3/31/2024
12312023	2232024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8032023	10-Q 6/30/2023
3312023	5052023	10-Q 3/31/2023
12312022	2242023	10-K 12/31/2022
9302022	11042022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5062022	10-Q 3/31/2022
12312021	2242022	10-K 12/31/2021

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Match (MTCH)

Market Price (12/18/2025): $32.5 | Market Cap: $7.8 BilSector: Communication Services | Industry: Interactive Media & Services

Match (MTCH)

Market Price (12/18/2025): $32.5Market Cap: $7.8 BilSector: Communication ServicesIndustry: Interactive Media & Services

Valuation, Metrics & Events

MTCH Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Match (MTCH)

Global Online Dating Market

U.S. Online Dating Market

Capital Allocation Decisions for Match Group (MTCH) (2020-2025)

Share Repurchases

Share Issuance

Capital Expenditures

Interactive Breakdown

Better Bets than Match (MTCH)

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Recent Active Movers

1 Day Top Gainers

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1 Week Top Losers

1 Month Top Gainers

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Recent Active Movers

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Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

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Earnings Returns History

SEC Filings

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External Quote Links

Market Price (12/18/2025): $32.5 | Market Cap: $7.8 Bil
Sector: Communication Services | Industry: Interactive Media & Services

Market Price (12/18/2025): $32.5
Market Cap: $7.8 Bil
Sector: Communication Services
Industry: Interactive Media & Services