Tearsheet

Match (MTCH)


Market Price (12/4/2025): $33.62 | Market Cap: $8.1 Bil
Sector: Communication Services | Industry: Interactive Media & Services

Match (MTCH)


Market Price (12/4/2025): $33.62
Market Cap: $8.1 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 Megatrend and thematic drivers
Megatrends include Digital Connection & Socialization, and E-commerce & Digital Retail. Themes include Online Dating Platforms, and Online Marketplaces.
 
0 Megatrend and thematic drivers
Megatrends include Digital Connection & Socialization, and E-commerce & Digital Retail. Themes include Online Dating Platforms, and Online Marketplaces.

Valuation, Metrics & Events

MTCH Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

Here are key points for recent stock movements of Match Group (MTCH): 1. Declining Payers and User Growth Challenges
Match Group has experienced struggles with growing its user base and a decline in payers across its portfolio of dating apps. In the second quarter of 2025, total payers across the company dropped to 14.1 million, representing a 5% decrease year-over-year. This trend continued into the third quarter of 2025, with payers decreasing by 687,000 compared to the previous year.

2. Disappointing Revenue Guidance
The company has occasionally issued revenue guidance that fell short of analysts' expectations. For example, the revenue guidance for the fourth quarter of fiscal year 2025 was less impressive, coming in 1.8% below analyst estimates. Earlier, in the third quarter of 2024, revenue projections for the fourth quarter also disappointed, contributing to a stock tumble.

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MTCH Return144%-13%-69%-12%-10%5%-44%
Peers Return13%18%-37%53%33%20%106%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
MTCH Win Rate75%42%17%42%33%50% 
Peers Win Rate23%36%15%40%37%65% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
MTCH Max Drawdown-42%-19%-70%-31%-20%-16% 
Peers Max Drawdown-10%-2%-40%-3%-4%-17% 
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 12/3/2025 (YTD)

How Low Can It Go

Unique KeyEventMTCHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-83.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven517.0%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-48.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven95.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven74 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-39.6%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven65.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven147 days120 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)

Latest Trefis Analyses

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | 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
2.9%2.9%0.0%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | 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
0.8%0.8%-1.2%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | 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%0.0%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | 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
-0.5%-0.5%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | 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
-22.5%-22.5%-25.6%
MTCH_11302024_Dip_Buyer_FCFYield11302024MTCHMatchDip BuyDB | 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_FCFYield09302023MTCHMatchDip BuyDB | 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%01312020MTCHMatch II [DELISTED]QualityQ | 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%05312018MTCHMatch II [DELISTED]QualityQ | 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 KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PINS_11302025_Monopoly_xInd_xCD_Getting_Cheaper11302025PINSPinterestMonopolyMY | 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
2.9%2.9%0.0%
TMUS_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025TMUST-Mobile USMonopolyMY | 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
0.8%0.8%-1.2%
Z_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025ZZillowMonopolyMY | 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%0.0%
IRDM_11072025_Dip_Buyer_High_CFO_Margins_ExInd_DE11072025IRDMIridium CommunicationsDip BuyDB | 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
-0.5%-0.5%-5.6%
TTD_10032025_Dip_Buyer_High_CFO_Margins_ExInd_DE10032025TTDTrade DeskDip BuyDB | 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
-22.5%-22.5%-25.6%
MTCH_11302024_Dip_Buyer_FCFYield11302024MTCHMatchDip BuyDB | 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_FCFYield09302023MTCHMatchDip BuyDB | 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%01312020MTCHMatch II [DELISTED]QualityQ | 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%05312018MTCHMatch II [DELISTED]QualityQ | 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

Recent Active Movers

More From Trefis

Peer Comparisons for Match

Peers to compare with:

Financials

MTCHVMEOSTUBWSHPGOOGLMETAMedian
NameMatch Vimeo Stubhub WeShop Alphabet Meta Pla. 
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Growth & Margins

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Valuation

MTCHVMEOSTUBWSHPGOOGLMETAMedian
NameMatch Vimeo Stubhub WeShop Alphabet Meta Pla. 
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Returns

MTCHVMEOSTUBWSHPGOOGLMETAMedian
NameMatch Vimeo Stubhub WeShop Alphabet Meta Pla. 
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Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Tinder1,964    
Evergreen & Emerging701    
Hinge396    
Match Group ( MG) Asia303    
Eliminations0    
Connections 3,1892,9832,391 
Dating    2,051
Total3,3653,1892,9832,3912,051


Operating Income by Segment
$ Mil20242023202220212020
Tinder956    
Evergreen & Emerging82    
Hinge74    
Match Group ( MG) Asia-9    
Corporate and unallocated costs-187    
Total917    


Price Behavior

Short Interest

Short Interest: As Of Date11142025
Short Interest: Shares Quantity10,175,584
Short Interest: % Change Since 10312025-6.6%
Average Daily Volume4,602,956
Days-to-Cover Short Interest2.21
Basic Shares Quantity240,510,000
Short % of Basic Shares4.2%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025508202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241112202410-Q 9/30/2024
6302024801202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021224202210-K 12/31/2021