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Operator of online dating apps including Tinder, Hinge, Match.com and OkCupid, monetized via subscriptions.
Operator of online dating apps including Tinder, Hinge, Match.com and OkCupid, monetized via subscriptions.
Charges users for subscriptions and one-off purchases such as boosts and premium tiers, collected mostly through Apple's and Google's app stores, which take a cut. Tinder is the largest product and Hinge the faster-growing one. Separated from IAC in 2020; the app-store fees are a structural cost of the model.
Moat: narrow (network effects, brand, data). Critical mass of users on Tinder/Hinge creates network effects, though switching between apps is easy.
Headquarters: Dallas, Texas, US · Founded: 2009 · Employees: 2,209
Size Match (MTCH) is a United States Communication Services company (Internet Software/Services) with a market value of $8.88B, the 838th largest of 3,117 United States companies the cockpit tracks. Shares closed at $39.03 on 6 Nov 2026.
Performance Over six months the shares gained 5.6%, against -4.6% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 14 in its peer set.
Growth Revenue grew 0.5% over the last twelve months (peer median +13.1%); the operating margin is 29.7% (peer median 12.4%).
Valuation It trades at 13.6× forward earnings against a peer median of 14.8× (6th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.2 points above its cost of capital (10.3% WACC).
Credit Match has 3 bonds outstanding ($1.30B), rated BB by the agencies and trading like BB+ at a weighted spread of 134 bp.
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.49B | $3.49B | $3.48B | $3.36B | $3.19B |
| Revenue growth | — | 0% | +3% | +6% | — |
| Gross profit | $2.53B | $2.43B | $2.33B | $2.30B | $2.09B |
| EBITDA | $1.15B | $1.04B | $985M | $1.03B | $925M |
| Net income | $721M | $613M | $551M | $652M | $362M |
| Free cash flow | $1.14B | $1.02B | $882M | $829M | $477M |
| Capital expenditure | $69.3M | $56.8M | $50.6M | $67.4M | $49.1M |
| Total debt | $3.55B | $4.09B | $3.95B | $3.96B | $3.95B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Match MTCH | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% |
| Bumble BMBL | $798M | +65% | -13% | 28% | 8.0× | -10.5% |
| Grindr GRND | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% |
| Meta Platforms META | $1.56T | 0% | +28% | 33% | 19.0× | 16.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTCH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | +3.9% | 7th lowest of 14 |
| 6-month return | +5.6% | -4.6% | 4th highest of 14 |
| Distance from 52-week high | -16.4% | -34.7% | 2nd highest of 14 |
| Revenue growth (TTM) | +0.5% | +13.1% | 4th lowest of 14 |
| Operating margin | 29.7% | 12.4% | 2nd highest of 14 |
| Forward P/E | 13.6× | 14.8× | 6th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 1.8% | 0.6% | 6th most demanding of 12 |
| Growth delivered (Del g) | +7.8% | +12.8% | 3rd lowest of 12 |
| Hurdle (Req g minus delivered) | -6.0 pp | -19.3 pp | 4th most demanding of 12 |
| ROIC minus cost of capital | +20.2 pp | -0.7 pp | 5th highest of 13 |
| EV / EBITDA | 10.2× | 10.3× | 6th cheapest of 12 |
| Net debt / EBITDA | 2.5× | -2.3× | 2nd most indebted of 13 |
| Bond spread | 134 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Match MTCH | United States | $8.88B | +6% | 0% | 30% | 13.6× | 1.8% | +7.8% |
| Pinterest PINS | United States | $10.9B | -11% | +15% | 6% | 8.8× | 16.2% | +20.1% |
| Nexon 3659.T | Japan | $13.8B | +10% | +15% | 26% | 22.4× | -9.1% | +10.1% |
| Tencent Music Entertainment 1698.HK | Hong Kong | $13.9B | -2% | +16% | 29% | 11.0× | 0.6% | +1.7% |
| Reddit RDDT | United States | $18.4B | -39% | +62% | 29% | 15.0× | 18.0% | +57.3% |
| Cyber Agent 4751.T | Japan | $4.13B | +3% | +14% | 10% | 15.4× | -11.3% | +12.8% |
| CarGurus CARG | United States | $3.01B | -3% | +6% | 26% | 12.1× | 2.7% | +10.5% |
| Bidu-sw 9888.HK | Hong Kong | $26.4B | -43% | -1% | 7% | 14.5× | n/a | n/a |
| Liberty Media FWONA | United States | $27.3B | +18% | +12% | 12% | 51.0× | 29.0% | +31.4% |
| China Ruyi 0136.HK | Hong Kong | $2.82B | -5% | -40% | -17% | 12.6× | 13.1% | +69.6% |
| Autohome 2518.HK | Hong Kong | $2.70B | +21% | -22% | 0% | 22.7× | -15.3% | -6.4% |
| NetEase Cloud Music 9899.HK | Hong Kong | $2.52B | -21% | +6% | 17% | 10.1× | -18.7% | +8.9% |
| RUM RUM | United States | $2.44B | -41% | +13% | -101% | n/a | n/a | n/a |
| Grindr GRND | United States | $2.35B | -10% | +32% | 31% | 19.7× | -6.0% | +31.1% |
Match has 3 bonds outstanding with $1.30B face value. The agencies rate it BB; its bonds trade like BB+. Weighted yield 5.93%, a spread of 134 bp over government bonds.