Match Group (MTCH) Q3 2025 10-Q Quarterly Report

Filed: Nov 5, 2025Period ending Sep 30, 2025
Information Technology
Services-Computer Programming, Data Processing, Etc.SEC EDGAR

Match Group (MTCH) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Match Group Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $914.3M for Q3 2025, up 2% YoY from $895.5M in Q3 2024; Annualized revenue flat at ~$2.61B vs 2024
  • Operating income margin 24.2% (221.3M/914.3M) vs 23.5% YoY (210.7M/895.5M); Adjusted EBITDA margin 33.0% (301.4M/914.3M) down from 38.3% YoY
  • Hinge best performing: Revenue +27% to $184.7M; operating income +10% to $46.3M; Adjusted EBITDA +22% to $62.6M; Tinder worst: Revenue -3% to $490.6M; operating income -22% to $183.7M; Adjusted EBITDA -23% to $203.8M
  • Cash and equivalents increased to $1.05B from $971M YE 2024; Operating cash flow rose to $757.6M YTD vs $678M prior year; repaid $425M Term Loan in Jan 2025; raised $700M 6.125% Senior Notes in Aug 2025; repurchased $550M stock YTD + $76M 2026 Exchangeable Notes
  • Management expects 2025 cash capital expenditures $55M-$65M, up from 2024; share repurchase program with $1.1B remaining authorization as of Oct 31, 2025; noted legal settlements impacted expenses; monitor foreign exchange and tax legislation impacts

Risk Factors

  • No newly added risk factors disclosed this quarter, continuing risks consistent with fiscal 2024 10-K
  • Most materially updated risk: increased emphasis on risks from use of artificial intelligence impacting product strategies
  • Legal risk: ongoing challenges regarding in-app purchase fees and distribution through third parties affecting cost structure
  • Market risk: ability to maintain or grow user base and convert users to paying customers amid competitive environment
  • Financial risk: foreign currency exchange rate fluctuations including anticipated gains may impact financial results

Match Group Q3 2025 Quarterly Financials
XBRL

Revenue

$914M

+2.1% YoY +5.9% QoQ

Net Income

$161M

+17.8% YoY +28.1% QoQ

Operating Margin

24.2%

+68bp YoY +176bp QoQ

Net Margin

17.6%

+234bp YoY +305bp QoQ

ROE

-71.8%

Total Assets

$4.5B

EPS (Diluted)

$0.62

+24.0% YoY +26.5% QoQ

Operating Cash Flow

$321M

+21.0% YoY +31.5% QoQ

Source: XBRL data from Match Group Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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