Match Group, Inc. · MTCH · FY2026 Q3 · Calendar Q4 2026

Match Group’s Q3: Tinder engagement improves as fee and E&E risks persist

Q3 analysis points to improving product engagement at Tinder and continued Hinge growth, supporting a more constructive operating trajectory. That progress is offset by in-app purchase fee pressure, a slower E&E recovery, and execution questions around monetization and marketing.

Reported After market closeNASDAQCommunication Services $9.66B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.73 Consensus $0.71
EPS surprise +2.2% Reported versus consensus
Reported revenue $891.2M Consensus $892.4M
Revenue surprise -0.1% Reported versus consensus

Market reaction

close-to-close (session unavailable)
Stock move +1.6% Event window
SPY move -0.5% Same window
Abnormal move +2.1% Stock minus SPY
Volume 1.4× Versus trailing sessions
Subsequent drift 0.0% Up to 20 sessions
MTCHSPY benchmark

Ask FN2 about MTCH FY2026 Q3

Transcript, numbers and history already loaded

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 Q3 update describes Tinder DAU growth as positive and the MAU decline as halved, while Hinge remains on a double-digit growth path. Management also outlined near-term product expansion and identified additional in-app purchase fee costs as a forward margin headwind.

Guidance delta

Management maintained guidance, expects 2026 revenue to finish near the midpoint of its range, and said free cash flow should exceed targets with higher adjusted EBITDA margins.

Key takeaways

  • Tinder engagement improved, with positive year-over-year DAU growth and a halving of MAU decline, according to the supplied analysis.
  • Hinge grew 19% year over year; management said it remains on track for $1 billion in 2027 revenue.
  • Management highlighted Better with Friends features, including Events and Groups, alongside real-time recommendations and AI-enabled product and efficiency work.
  • In-app purchase fees are expected to weigh on adjusted EBITDA margin in 2027.

Management priorities

  • Develop and expand Tinder social features, Events, Groups, and Double Date.
  • Roll out real-time recommendations and unify queues across user types.
  • Expand Hinge geographically, including Japan, while using lower-priced subscriptions to support payer conversion.
  • Maintain disciplined marketing, AI tooling, and cost controls.

Follow MTCH with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
MTCH EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q2 '24 estimate $0.48 Q2 '24 actual $0.48, match Q3 '24 estimate $0.46 Q3 '24 actual $0.51, beat Q2 '25 estimate $0.81 Q2 '25 actual $0.72, miss Q3 '25 estimate $0.63 Q3 '25 actual $0.82, beat Q4 '25 estimate $0.81 Q4 '25 actual $0.86, beat Q1 '26 estimate $0.72 Q1 '26 actual $0.69, miss Q2 '26 estimate $0.65 Q2 '26 actual $0.70, beat Q3 '26 estimate $0.71 Q3 '26 actual $0.73, beat Q4 '26 estimate $0.68 Q1 '27 estimate $0.74
Show 2 more >

Analyst Consensus ?

ConsensusBuy31 ratings
Bullish1651.6%
Neutral1548.4%
Bearish00.0%

Analyst 52W Price Targets

$42.07Current
$32Low
$75.89Average
$178High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Equal Weight Equal WeightMaintainOct 28, 2026
TD Cowen Buy BuyMaintainOct 27, 2026
Evercore ISI Group Outperform In LineUpgradeOct 19, 2026
Truist Securities Hold HoldMaintainAug 5, 2026
UBS Neutral NeutralMaintainMay 6, 2026
RBC Capital Outperform OutperformMaintainMay 6, 2026
Morgan Stanley Equal Weight Equal WeightMaintainMay 6, 2026
Citigroup Neutral NeutralMaintainMay 6, 2026
Barclays Overweight OverweightMaintainMay 6, 2026
JP Morgan Neutral NeutralMaintainFeb 4, 2026
Susquehanna Positive PositiveMaintainAug 7, 2025
Stifel Hold HoldMaintainApr 23, 2025
B of A Securities Neutral NeutralMaintainApr 21, 2025
Jefferies Hold BuyDowngradeDec 17, 2024
Piper Sandler Overweight OverweightMaintainDec 12, 2024
Loop Capital Hold HoldMaintainDec 12, 2024
Keybanc Overweight OverweightMaintainNov 12, 2024
Goldman Sachs Buy BuyMaintainAug 1, 2024
Deutsche Bank Buy BuyMaintainAug 1, 2024
BTIG Buy NeutralUpgradeAug 2, 2023
Wolfe Research Peer Perform OutperformDowngradeJun 21, 2023
Oppenheimer Perform OutperformDowngradeFeb 2, 2023
Cowen & Co. Outperform OutperformMaintainFeb 2, 2023
BMO Capital Outperform Market PerformUpgradeMar 9, 2022
Wedbush Neutral NeutralMaintainFeb 10, 2021
SunTrust Robinson Humphrey Buy HoldUpgradeNov 25, 2020
Nomura Instinet Buy BuyMaintainNov 25, 2020
Nomura Neutral NeutralMaintainNov 25, 2020
Guggenheim Buy NeutralUpgradeNov 25, 2020
BTIG Research Neutral SellUpgradeNov 25, 2020
Bank of America Buy BuyMaintainNov 25, 2020
Show less

Named analyst price targets

Upside is calculated against the persisted current price $42.07. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Evercore ISIMark Mahaney$53$42.95 +26.0%Oct 19, 2026
Truist FinancialYoussef Squali$41$37.96 -2.5%Aug 5, 2026
Morgan StanleyNathan Feather$40$37.94 -4.9%Aug 5, 2026
Wells FargoKen Gawrelski$41$37.67 -2.5%Jul 7, 2026
Truist FinancialAnalyst unavailable$37$38.34 -12.1%May 6, 2026
RBC CapitalBrad Erickson$42$36.9 -0.2%May 6, 2026
Goldman SachsEric Sheridan$43$37.65 +2.2%May 6, 2026
Morgan StanleyNathan Feather$38$37.65 -9.7%May 6, 2026
UBSAnalyst unavailable$38$37.65 -9.7%May 6, 2026
Piper SandlerRoss Sandler$51$37.65 +21.2%May 6, 2026
Cowen & Co.Analyst unavailable$37$30.61 -12.1%Feb 4, 2026
Truist FinancialAnalyst unavailable$34$30.47 -19.2%Feb 4, 2026
UBSAnalyst unavailable$34$30.23 -19.2%Feb 4, 2026
Morgan StanleyAnalyst unavailable$35$28.9 -16.8%Feb 4, 2026
UBSAnalyst unavailable$37$32 -12.1%Jan 13, 2026
Wolfe ResearchAnalyst unavailable$43$32.46 +2.2%Jan 5, 2026
RBC CapitalBrad Erickson$37$33.94 -12.1%Dec 10, 2025
Truist FinancialAnalyst unavailable$35$33.2 -16.8%Nov 5, 2025
Wells FargoAnalyst unavailable$33$31.55 -21.6%Nov 5, 2025
Evercore ISIMark Mahaney$35$31.55 -16.8%Nov 5, 2025
Morgan StanleyNathan Feather$34$32.5 -19.2%Oct 20, 2025
Evercore ISIRobert Coolbrith$32$29.34 -23.9%May 21, 2025
KeyBancJustin Patterson$43$36.86 +2.2%Nov 12, 2024
BarclaysRoss Sandler$53$30.7 +26.0%Nov 8, 2024
KeyBancJustin Patterson$45$38.37 +7.0%Oct 15, 2024
HSBCMohammed Khallouf$43.2$35.88 +2.7%Aug 5, 2024
Goldman SachsAlexandra Steiger$45$37.06 +7.0%Aug 1, 2024
RBC CapitalBrad Erickson$47$36.92 +11.7%Aug 1, 2024
Evercore ISIJian Li$43$38.24 +2.2%Jul 31, 2024
Morgan StanleyNathan Feather$33$30.94 -21.6%Jul 10, 2024
RBC CapitalBrad Erickson$33$29.82 -21.6%May 9, 2024
KeyBancJustin Patterson$44$30.34 +4.6%May 9, 2024
KeyBancJustin Patterson$46$32.02 +9.3%May 6, 2024
Morgan StanleyNathan Feather$37$32.28 -12.1%Apr 18, 2024
Piper SandlerMatt Farrell$45$35.54 +7.0%Mar 27, 2024
RBC CapitalBrad Erickson$52$28.88 +23.6%Nov 1, 2023
Susquehannaand/or apps$55$45.99 +30.7%Aug 3, 2023
Truist FinancialYoussef Squali$42$46.01 -0.2%Aug 2, 2023
Deutsche BankAnalyst unavailable$60$52.15 +42.6%Feb 2, 2023
Cowen & Co.Analyst unavailable$74$50.65 +75.9%Feb 2, 2023
New StreetAnalyst unavailable$54$41.06 +28.4%Jan 4, 2023
UBSAnalyst unavailable$46$42.71 +9.3%Dec 8, 2022
Raymond JamesPatrick Tyler Brown$74$43 +75.9%Oct 24, 2022
Deutsche BankBenjamin Black$85$64.9 +102.0%Aug 17, 2022
Morgan StanleyAnalyst unavailable$100$64.81 +137.7%Aug 4, 2022
Goldman SachsAnalyst unavailable$80$65.13 +90.2%Aug 4, 2022
Cowen & Co.Analyst unavailable$100$63.24 +137.7%Aug 4, 2022
SusquehannaAnalyst unavailable$85$63.24 +102.0%Aug 4, 2022
OppenheimerAnalyst unavailable$78$63.24 +85.4%Aug 4, 2022
Piper SandlerAnalyst unavailable$80$63.24 +90.2%Aug 4, 2022
Truist FinancialYoussef Squali$68$61.84 +61.6%Aug 3, 2022
Cowen & Co.Analyst unavailable$128$69.89 +204.3%Jul 26, 2022
BarclaysAnalyst unavailable$65$66.36 +54.5%Jul 19, 2022
J.P. MorganAnalyst unavailable$105$65.13 +149.6%Jul 19, 2022
Evercore ISIAnalyst unavailable$90$75.2 +113.9%Jul 8, 2022
Evercore ISIAnalyst unavailable$95$76.59 +125.8%Jul 7, 2022
Goldman SachsAlexandra Steiger$105$68.56 +149.6%Jun 19, 2022
Cantor FitzgeraldBrian Fitzgerald$115$72.29 +173.4%May 9, 2022
RBC CapitalAnalyst unavailable$115$74.92 +173.4%May 5, 2022
Morgan StanleyAnalyst unavailable$150$75.47 +256.5%May 5, 2022
BTIGAnalyst unavailable$110$79.49 +161.5%May 5, 2022
Piper SandlerMatt Farrell$125$83.88 +197.1%May 4, 2022
Morgan StanleyLauren Schenk$77$79.46 +83.0%Apr 27, 2022
J.P. MorganAnalyst unavailable$135$82.48 +220.9%Apr 26, 2022
Deutsche BankBenjamin Black$135$88.45 +220.9%Mar 11, 2022
BMO CapitalDaniel Salmon$130$112.42 +209.0%Feb 8, 2022
Morgan StanleyLauren Schenk$175$111.98 +316.0%Feb 3, 2022
BarclaysMario Lu$132$111.98 +213.8%Feb 3, 2022
Evercore ISIShweta Khajuria$175$118.01 +316.0%Feb 2, 2022
KeyBancJustin Patterson$155$112.7 +268.4%Jan 31, 2022
Cowen & Co.John Blackledge$154$106.5 +266.1%Jan 27, 2022
Goldman SachsAlexandra Steiger$157$124.08 +273.2%Jan 12, 2022
Wolfe ResearchDeepak Mathivanan$163$132.97 +287.4%Jan 4, 2022
Bank of America SecuritiesNat Schindler$178$154.09 +323.1%Nov 1, 2021
OppenheimerJason Helfstein$165$139.96 +292.2%May 6, 2021
Show less

Track every rating change on MTCH the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

Match 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 earnings

Communication Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
FOX Fox Corporation FY2027 Q1 · Calendar Q4 2026 +22.7% -0.4% Fox’s Q1 FY2027 growth was led by advertising and streaming
FOXA Fox Corporation FY2027 Q1 · Calendar Q4 2026 +27.6% -0.8% Fox Starts FY2027 with Strong Ad Growth; Roku Deal Awaits Clearance
PINS Pinterest, Inc. FY2026 Q3 · Calendar Q4 2026 -5.4% -2.8% Pinterest’s user growth stays strong as revenue slows amid Europe headwinds

Latest beats and misses

Who reports next

Get the MTCH recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-11-03T05:04:50.200607+00:00
  2. FN2 earnings calendar · 2026-11-03T01:23:13.143323+00:00
  3. Polygon adjusted daily market bars · 2026-11-03T05:40:43.284368+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T05:40:43.281756+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 2026-11-03. For educational purposes only; not investment advice.