Match Group Beats Q2 Revenue Expectations; Guides Q3 and 2025 Revenue Above Consensus, AOI Below Estimates
- Match Group’s Q2 2025 revenue was flat year-over-year at $864 million, exceeding the upper end of management’s guidance of $860 million and beating analysts’ estimate of $854.48 million.
- Adjusted operating income (AOI) declined 5% y/y to $290 million, below management’s guidance of between $295 million and $300 million. Excluding legal settlement charge of $14 million, AOI exceeded the guidance.
- Match Group is guiding Q3 2025 revenue in the range of $910 to $920 million, up 2% to 3% (analysts’ estimate: $889.91 million) and AOI in the range of $330 to $335 million, down 3% y/y (analysts estimate: $336 million).
- It plans to reinvest cost savings of approximately $50 million in the second half of 2025 towards marketing and product testing at Tinder, Hinge and other early-stage bets like Archer and Her.
- Match Group now expects full year total revenue to be near the high end of the earlier guidance range ($3,375 million-$3,500 million) due to positive FX impacts and AOI margin of 35.4% lowered from at least 36.5% due to restructuring costs and the $14 million legal settlement charge.
- Match Group shares are up 9.4% after hours.