Analyst Consensus ?
ConsensusHold31 ratings
Bullish1548.4%
Neutral1651.6%
Bearish00.0%
Match Group, Inc. · MTCH · FY2024 Q1 · Calendar Q2 2024
Match Group: Hinge Growth Offsets Tinder User Pressure
The supplied analysis supports a mixed outlook: strong Hinge growth, product initiatives, and cost discipline provide evidence for continued earnings support, but Tinder payer and user pressure, discretionary-spending sensitivity, and execution risk remain material counterevidence.
Reported After market closeNASDAQCommunication Services
$9.86B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.44
Consensus $0.40
EPS surprise
+10.0%
Reported versus consensus
Reported revenue
$859.6M
Consensus $855.8M
Revenue surprise
+0.5%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-5.4%
Event window
SPY move
+0.0%
Same window
Abnormal move
-5.4%
Stock minus SPY
Volume
4.7×
Versus trailing sessions
Subsequent drift
+9.7%
Up to 20 sessions
MTCHSPY benchmark
Ask FN2 about MTCH FY2024 Q1
Transcript, numbers and history already loaded
Why did MTCH fall 5.4% after beating EPS estimates in FY2024 Q1?What changed in MTCH's guidance and outlook in FY2024 Q1?Give me the bull and bear case for MTCH after FY2024 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis shows Hinge revenue growth accelerating to 50% year over year while Tinder monthly active users declined by about 2 million after stricter community guidelines. Management shifted emphasis toward AI photo tools, authenticity features, weekly subscriptions, and emerging-brand traction, while guidance and the 36%+ margin objective were maintained.
Guidance delta
Guidance was maintained. Management expected low-single-digit Tinder revenue growth and overall growth near the lower end of the 6%-9% target range, while seeking to preserve a 36%+ adjusted operating income margin.
Key takeaways
- Q1 2024 revenue grew 9% year over year to $860 million, with Tinder and Hinge as primary contributors.
- Hinge revenue rose 50% year over year and management said the business was positioned to reach $1 billion in revenue.
- Tinder monthly active users fell by about 2 million after stricter community guidelines, although daily-active-user ratios improved.
- Management highlighted AI product work, pricing initiatives, and emerging-brand expansion while maintaining margin guidance.
- Free cash flow of $267 million supported a $200 million share repurchase, according to the supplied analysis.
Management priorities
- Roll out Tinder's AI photo selector and face-photo requirements.
- Develop weekly subscription packages and other a la carte initiatives.
- Continue Hinge marketing and product investment to support scale.
- Pursue cost efficiencies to maintain a 36%+ adjusted operating income margin.
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Miss
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Analyst 52W Price Targets
$42.95Current
$32Low
$75.47Average
$178High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Hold | Hold | Maintain | Aug 5, 2026 |
| TD Cowen | Buy | Buy | Maintain | Aug 5, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 7, 2026 |
| UBS | Neutral | Neutral | Maintain | May 6, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 6, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 6, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 6, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 6, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 4, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Nov 5, 2025 |
| Susquehanna | Positive | Positive | Maintain | Aug 7, 2025 |
| Stifel | Hold | Hold | Maintain | Apr 23, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 21, 2025 |
| Jefferies | Hold | Buy | Downgrade | Dec 17, 2024 |
| Piper Sandler | Overweight | Overweight | Maintain | Dec 12, 2024 |
| Loop Capital | Hold | Hold | Maintain | Dec 12, 2024 |
| Keybanc | Overweight | Overweight | Maintain | Nov 12, 2024 |
| Goldman Sachs | Buy | Buy | Maintain | Aug 1, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 1, 2024 |
| BTIG | Buy | Neutral | Upgrade | Aug 2, 2023 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Jun 21, 2023 |
| Oppenheimer | Perform | Outperform | Downgrade | Feb 2, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 2, 2023 |
| BMO Capital | Outperform | Market Perform | Upgrade | Mar 9, 2022 |
| Wedbush | Neutral | Neutral | Maintain | Feb 10, 2021 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Nov 25, 2020 |
| Nomura Instinet | Buy | Buy | Maintain | Nov 25, 2020 |
| Nomura | Neutral | Neutral | Maintain | Nov 25, 2020 |
| Guggenheim | Buy | Neutral | Upgrade | Nov 25, 2020 |
| BTIG Research | Neutral | Sell | Upgrade | Nov 25, 2020 |
| Bank of America | Buy | Buy | Maintain | Nov 25, 2020 |
Named analyst price targets
Upside is calculated against the persisted current price $42.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Youssef Squali | $41 | $37.96 | -4.5% | Aug 5, 2026 |
| Morgan Stanley | Nathan Feather | $40 | $37.94 | -6.9% | Aug 5, 2026 |
| Wells Fargo | Ken Gawrelski | $41 | $37.67 | -4.5% | Jul 7, 2026 |
| Truist Financial | Analyst unavailable | $37 | $38.34 | -13.9% | May 6, 2026 |
| RBC Capital | Brad Erickson | $42 | $36.9 | -2.2% | May 6, 2026 |
| Goldman Sachs | Eric Sheridan | $43 | $37.65 | +0.1% | May 6, 2026 |
| Morgan Stanley | Nathan Feather | $38 | $37.65 | -11.5% | May 6, 2026 |
| UBS | Analyst unavailable | $38 | $37.65 | -11.5% | May 6, 2026 |
| Piper Sandler | Ross Sandler | $51 | $37.65 | +18.7% | May 6, 2026 |
| Cowen & Co. | Analyst unavailable | $37 | $30.61 | -13.9% | Feb 4, 2026 |
| Truist Financial | Analyst unavailable | $34 | $30.47 | -20.8% | Feb 4, 2026 |
| UBS | Analyst unavailable | $34 | $30.23 | -20.8% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $35 | $28.9 | -18.5% | Feb 4, 2026 |
| UBS | Analyst unavailable | $37 | $32 | -13.9% | Jan 13, 2026 |
| Wolfe Research | Analyst unavailable | $43 | $32.46 | +0.1% | Jan 5, 2026 |
| RBC Capital | Brad Erickson | $37 | $33.94 | -13.9% | Dec 10, 2025 |
| Truist Financial | Analyst unavailable | $35 | $33.2 | -18.5% | Nov 5, 2025 |
| Wells Fargo | Analyst unavailable | $33 | $31.55 | -23.2% | Nov 5, 2025 |
| Evercore ISI | Mark Mahaney | $35 | $31.55 | -18.5% | Nov 5, 2025 |
| Morgan Stanley | Nathan Feather | $34 | $32.5 | -20.8% | Oct 20, 2025 |
| Evercore ISI | Robert Coolbrith | $32 | $29.34 | -25.5% | May 21, 2025 |
| KeyBanc | Justin Patterson | $43 | $36.86 | +0.1% | Nov 12, 2024 |
| Barclays | Ross Sandler | $53 | $30.7 | +23.4% | Nov 8, 2024 |
| KeyBanc | Justin Patterson | $45 | $38.37 | +4.8% | Oct 15, 2024 |
| HSBC | Mohammed Khallouf | $43.2 | $35.88 | +0.6% | Aug 5, 2024 |
| Goldman Sachs | Alexandra Steiger | $45 | $37.06 | +4.8% | Aug 1, 2024 |
| RBC Capital | Brad Erickson | $47 | $36.92 | +9.4% | Aug 1, 2024 |
| Evercore ISI | Jian Li | $43 | $38.24 | +0.1% | Jul 31, 2024 |
| Morgan Stanley | Nathan Feather | $33 | $30.94 | -23.2% | Jul 10, 2024 |
| RBC Capital | Brad Erickson | $33 | $29.82 | -23.2% | May 9, 2024 |
| KeyBanc | Justin Patterson | $44 | $30.34 | +2.4% | May 9, 2024 |
| KeyBanc | Justin Patterson | $46 | $32.02 | +7.1% | May 6, 2024 |
| Morgan Stanley | Nathan Feather | $37 | $32.28 | -13.9% | Apr 18, 2024 |
| Piper Sandler | Matt Farrell | $45 | $35.54 | +4.8% | Mar 27, 2024 |
| RBC Capital | Brad Erickson | $52 | $28.88 | +21.1% | Nov 1, 2023 |
| Susquehanna | and/or apps | $55 | $45.99 | +28.1% | Aug 3, 2023 |
| Truist Financial | Youssef Squali | $42 | $46.01 | -2.2% | Aug 2, 2023 |
| Deutsche Bank | Analyst unavailable | $60 | $52.15 | +39.7% | Feb 2, 2023 |
| Cowen & Co. | Analyst unavailable | $74 | $50.65 | +72.3% | Feb 2, 2023 |
| New Street | Analyst unavailable | $54 | $41.06 | +25.7% | Jan 4, 2023 |
| UBS | Analyst unavailable | $46 | $42.71 | +7.1% | Dec 8, 2022 |
| Raymond James | Patrick Tyler Brown | $74 | $43 | +72.3% | Oct 24, 2022 |
| Deutsche Bank | Benjamin Black | $85 | $64.9 | +97.9% | Aug 17, 2022 |
| Morgan Stanley | Analyst unavailable | $100 | $64.81 | +132.8% | Aug 4, 2022 |
| Goldman Sachs | Analyst unavailable | $80 | $65.13 | +86.3% | Aug 4, 2022 |
| Cowen & Co. | Analyst unavailable | $100 | $63.24 | +132.8% | Aug 4, 2022 |
| Susquehanna | Analyst unavailable | $85 | $63.24 | +97.9% | Aug 4, 2022 |
| Oppenheimer | Analyst unavailable | $78 | $63.24 | +81.6% | Aug 4, 2022 |
| Piper Sandler | Analyst unavailable | $80 | $63.24 | +86.3% | Aug 4, 2022 |
| Truist Financial | Youssef Squali | $68 | $61.84 | +58.3% | Aug 3, 2022 |
| Cowen & Co. | Analyst unavailable | $128 | $69.89 | +198.0% | Jul 26, 2022 |
| Barclays | Analyst unavailable | $65 | $66.36 | +51.3% | Jul 19, 2022 |
| J.P. Morgan | Analyst unavailable | $105 | $65.13 | +144.5% | Jul 19, 2022 |
| Evercore ISI | Analyst unavailable | $90 | $75.2 | +109.5% | Jul 8, 2022 |
| Evercore ISI | Analyst unavailable | $95 | $76.59 | +121.2% | Jul 7, 2022 |
| Goldman Sachs | Alexandra Steiger | $105 | $68.56 | +144.5% | Jun 19, 2022 |
| Cantor Fitzgerald | Brian Fitzgerald | $115 | $72.29 | +167.8% | May 9, 2022 |
| RBC Capital | Analyst unavailable | $115 | $74.92 | +167.8% | May 5, 2022 |
| Morgan Stanley | Analyst unavailable | $150 | $75.47 | +249.2% | May 5, 2022 |
| BTIG | Analyst unavailable | $110 | $79.49 | +156.1% | May 5, 2022 |
| Piper Sandler | Matt Farrell | $125 | $83.88 | +191.0% | May 4, 2022 |
| Morgan Stanley | Lauren Schenk | $77 | $79.46 | +79.3% | Apr 27, 2022 |
| J.P. Morgan | Analyst unavailable | $135 | $82.48 | +214.3% | Apr 26, 2022 |
| Deutsche Bank | Benjamin Black | $135 | $88.45 | +214.3% | Mar 11, 2022 |
| BMO Capital | Daniel Salmon | $130 | $112.42 | +202.7% | Feb 8, 2022 |
| Morgan Stanley | Lauren Schenk | $175 | $111.98 | +307.5% | Feb 3, 2022 |
| Barclays | Mario Lu | $132 | $111.98 | +207.3% | Feb 3, 2022 |
| Evercore ISI | Shweta Khajuria | $175 | $118.01 | +307.5% | Feb 2, 2022 |
| KeyBanc | Justin Patterson | $155 | $112.7 | +260.9% | Jan 31, 2022 |
| Cowen & Co. | John Blackledge | $154 | $106.5 | +258.6% | Jan 27, 2022 |
| Goldman Sachs | Alexandra Steiger | $157 | $124.08 | +265.5% | Jan 12, 2022 |
| Wolfe Research | Deepak Mathivanan | $163 | $132.97 | +279.5% | Jan 4, 2022 |
| Bank of America Securities | Nat Schindler | $178 | $154.09 | +314.4% | Nov 1, 2021 |
| Oppenheimer | Jason Helfstein | $165 | $139.96 | +284.2% | May 6, 2021 |
Track every rating change on MTCH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationMatch Group, Inc. provides digital technologies in the United States and internationally. It operates through four segments: Tinder, Hinge, Evergreen and Emerging, and Match Group Asia. The company's portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and other brands, built to increase users' likelihood of connecting with others. It provides tailored services to meet the various preferences of its users. Match Group, Inc. was incorporated in 1986 and is based in Dallas, Texas.
Historical context
All MTCH earningsLatest beats and misses
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One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-18T21:01:13.140484+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T21:01:13.137781+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.