Match Group, Inc. · NASDAQ:MTCH
Match — Q1 2026 Earnings Presentation
34 slides from Match's earnings presentation, May 5, 2026
Slide 1: Q1 2026 Supplemental Materials
Q1 2026 Supplemental Materials MAY 5, 2026
Slide 2: Disclosures and Definitions
Q1 2026 | SUPPLEMENTAL MATERIALS Disclosures and Definitions Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures in addition to financial measures presented in accordance with U.S. GAAP. These non-GAAP financial measures are in addition to, and not a substitute
Slide 3: Business Performance Snapshot
Q1 2026 Business Performance Snapshot
Slide 4: Business Performance
Q1 2026 | SUPPLEMENTAL MATERIALS Q1 2026 Business Performance TOTAL REVENUE DIRECT REVENUE PAYERS RPP Q1 2026 Q1 2026 Q1 2026 Q1 2026 $864M $848M 13.5M $20.90 +4% vs. Q1 2025 +4% vs. Q1 2025 (5)% vs. Q1 2025 +10% vs. Q1 2025 NET INCOME1 ADJUSTED EBITDA1 OPERATING CASH FLOW FREE CASH FLOW Q1 2026 Q1
Slide 5: Business Unit Performance
Q1 2026 | SUPPLEMENTAL MATERIALS Q1 2026 Business Unit Performance 1 Direct $454.7 +2% Y/Y $194.5 +28% Y/Y $139.1 (7)% Y/Y $59.5 (6)% Y/Y Revenue ($M) (3)% FXN +24% FXN (10)% FXN (7)% FXN Payers (000s) 8,632 (5)% Y/Y 1,957 +15% Y/Y 2,019 (16)% Y/Y 913 (9)% Y/Y RPP $17.56 +7% Y/Y $33.13 +11% Y/Y $22.
Slide 6: Trended Financial Highlights
Q1 2026 Trended Financial Highlights
Slide 7: Consolidated Total Revenue
Q1 2026 | SUPPLEMENTAL MATERIALS Consolidated Total Revenue In $ Millions $914 $878 $864 $864 $831 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Y/Y Growth (3)% 0% 2% 2% 4% Y/Y FXN Growth (1)% (1)% 1% (0)% 0% 7
Slide 8: Consolidated Net Income & Adjusted EBITDA
Q1 2026 | SUPPLEMENTAL MATERIALS Consolidated Net Income & Adjusted EBITDA Net Income ($M) and Margin1,2 Adjusted EBITDA ($M) and Margin1 $370 $210 $343 $301 $290 $167 $275 $161 $125 $118 24% 42% 40% 19% 33% 34% 33% 18% 14% 15% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Net Income N
Slide 9: Consolidated Payers & RPP
Q1 2026 | SUPPLEMENTAL MATERIALS Consolidated Payers & RPP Payers (M) RPP 14.5 14.2 $20.72 $20.90 14.1 $20.58 13.8 $20.00 13.5 $19.07 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Y/Y Growth (5)% (5)% (5)% (5)% (5)% 1% 5% 7% 7% 10% 9
Slide 10: Tinder Trended Performance
Q1 2026 | SUPPLEMENTAL MATERIALS Tinder Trended Performance Direct Revenue ($M) Payers (M) & RPP $491 $17.66 $17.63 $464 $17.56 $447 $461 $455 $17.14 9.1 9.3 9.0 8.8 $16.38 8.6 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Payers RPP Operating Income ($M) and Margin1 Adjusted EBITDA ($
Slide 11: Hinge Trended Performance
Q1 2026 | SUPPLEMENTAL MATERIALS Hinge Trended Performance Direct Revenue ($M) Payers (M) & RPP $194 $32.87 $32.96 $33.13 $185 $186 $31.96 $29.90 $168 $152 2.0 1.9 1.9 1.7 1.7 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Payers RPP Operating Income ($M) and Margin1 Adjusted EBITDA ($M
Slide 12: E&E Trended Performance
Q1 2026 | SUPPLEMENTAL MATERIALS E&E Trended Performance Direct Revenue ($M) Payers (M) & RPP $149 $152 2.4 $148 2.3 2.3 2.1 2.0 $145 $139 $22.22 $22.53 $22.97 $20.76 $21.34 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Payers RPP Operating Income/(Loss) ($M) and Margin1 Adjusted EBITD
Slide 13: MG Asia Trended Performance
Q1 2026 | SUPPLEMENTAL MATERIALS MG Asia Trended Performance Direct Revenue ($M) Payers (K) & RPP 1,067 1,112 1,046 999 913 $69 $69 $66 $64 $60 $21.23 $21.53 $21.74 $20.73 $20.91 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Payers RPP Operating Income/(Loss) ($M) and Margin1,2 Adjuste
Slide 14: Free Cash Flow
Q1 2026 | SUPPLEMENTAL MATERIALS Free Cash Flow Annual & LTM FCF ($M) Quarterly Free Cash Flow ($M) and FCF Conversion % $307M $308M $231M $178M $174M Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 FCF Conversion % 70% 83% 78% 14
Slide 15: Capital Returns
Q1 2026 | SUPPLEMENTAL MATERIALS Capital Returns Quarterly Capital Return Annual & LTM Capital Return $284M $272M $975M $243M $45M $837M $47M $186M $753M $48M $183M $176M $46M $239M $104M $225M $195M $789M $44M $654M $130M $60M Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 2024 2025 LTM Q1'26 Share Repurchases1 Div
Slide 16: Leverage Ratios and Debt Maturity Schedule
Q1 2026 | SUPPLEMENTAL MATERIALS Leverage Ratios and Debt Maturity Schedule Gross and Net Leverage1 Debt Maturity Schedule ($M)2 3.2x 3.1x 3.1x 2.3x 2.4x 2.3x $575 $350 $700 $450 $500 $500 $500 $500 $424 12/31/2024 12/31/2025 3/31/2026 12/31/2024 12/31/2025 3/31/2026 2026 2027 2028 2029 2030 2031 20
Slide 17: Appendix
AG MatchGroup Q1 2026 Appendix
Slide 18: Trended Revenue Metrics
Q1 2026 | SUPPLEMENTAL MATERIALS Trended Revenue Metrics 2024 2025 2026 Year Ended December 31, Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 2025 Revenue (in millions, rounding differences may occur) Direct Revenue: Tinder $ 481.5 $ 479.9 $ 503.2 $ 476.0 $ 447.4 $ 461.2 $ 490.6 $ 463.8 $ 454.7 $ 1,940.6 $ 1,862.
Slide 19: Trended Profitability Metrics
Q1 2026 | SUPPLEMENTAL MATERIALS Trended Profitability Metrics 2024 2025 2026 Year Ended December 31, Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2024 2025 Net income attributable to Match Group, Inc. shareholders (in millions) Match Group $ 123.2 $ 133.3 $ 136.5 $ 158.3 $ 117.6 $ 125.5 $ 160.7 $ 209.7 $ 166.8 $ 551
Slide 20: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended March 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Net income attributable to Match Group, Inc. shareholder
Slide 21: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended June 30, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc.
Slide 22: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended September 30, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group,
Slide 23: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended December 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group,
Slide 24: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended March 31, 2025 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc
Slide 25: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended June 30, 2025 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc.
Slide 26: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended September 30, 2025 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group,
Slide 27: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended December 31, 2025 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group,
Slide 28: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Three Months Ended March 31, 2026 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc
Slide 29: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Year Ended December 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc. sha
Slide 30: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA Year Ended December 31, 2025 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Net income attributable to Match Group, Inc. sha
Slide 31: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects Three Months Ended March 31, 2026 $ Change % Change 2025 (Dollars in millions, rounding differences may occur) Direct Revenue, as reported $ 847.9
Slide 32: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects Three Months Ended March 31, Three Months Ended June 30, 2026 $ Change % Change 2025 2025 $ Change % Change 2024 (Dollars in millions, rounding dif
Slide 33: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Years Ended December 31, 2024 2025 LTM Q1'26 (Dollars in thousands) Net cash provided by operating activities $ 932,719 $ 1,080,380 $ 1,081,621 Capital expe
Slide 34: GAAP to Non-GAAP Reconciliations
Q1 2026 | SUPPLEMENTAL MATERIALS GAAP to Non-GAAP Reconciliations Reconciliation of Net Income to Adjusted EBITDA used in Leverage Ratios Years Ended December 31, 2024 2025 LTM Q1'26 (Dollars in thousands) Net income attributable to Match Group, Inc. shareholders $ 551,276 $ 613,446 $ 662,713 Add ba