Open the filing on EDGARMatch Group Announces Second Quarter Results Match Group Q2 2026 Financial Highlights Other Quarterly Highlights: Financial Results GAAP Financial Statements Consolidated Balance Sheet Consolidated Statement of Cash Flows Reconciliations of GAAP to Non-GAAP Measures Reconciliation of Forecasted Net Income to Forecasted Adjusted EBITDA Dilutive Securities Non-GAAP Financial Measures Amortization of intangible assets and impairments of goodwill and intangible assets are non-cash expenses related Other Information primarily to acquisitions. At the time of an acquisition, the identifiable definite-lived intangible assets of the acquired company, June 30, 2026December 31, 2025(In thousands)ASSETSCash and cash equivalents$580,580$1,027,838Short-term investments3,2283,461Accounts receivable, net279,307303,495Other current assets89,11192,500Total current assets952,2261,427,294Property and equipment, net146,255131,159Goodwill2,335,1892,339,350Intangible assets, net152,985192,929Deferred income taxes180,442216,057Other non-current assets266,818154,022TOTAL ASSETS$4,033,915$4,460,811LIABILITIES AND SHAREHOLDERS’ EQUITY LIABILITIES Current maturities of long-term debt, net$ - $423,580Accounts payable26,6099,577Deferred revenue152,738151,337Accrued expenses and other current liabilities373,025422,051Total current liabilities552,3721,006,545Long-term debt, net of current maturities3,551,8783,549,099Income taxes payable48,80643,522Deferred income taxes1,55210,732Other long-term liabilities116,362104,309Commitments and contingenciesSHAREHOLDERS’ EQUITY Common stock305300Additional paid-in capital8,663,6658,721,015Retained deficit(5,628,924)(5,966,307)Accumulated other comprehensive loss(441,337)(422,620)Treasury stock(2,830,764)(2,585,892)Total Match Group, Inc. shareholders’ equity(237,055)(253,504)Noncontrolling interests - 108Total shareholders’ equity(237,055)(253,396)TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $4,033,915$4,460,811 Six Months Ended June 30, 20262025 (In thousands)Cash flows from operating activities:Net income$337,391$243,049Adjustments to reconcile net income to net cash provided by operating activities:Stock-based compensation expense120,588137,861Depreciation29,45739,790Impairments and amortization of intangibles42,29820,976Deferred income taxes26,726(7,908)Other adjustments, net(1,985)15,721Changes in assets and liabilitiesAccounts receivable22,487(12,739)Other assets12,57032,304Accounts payable and other liabilities(47,425)(19,438)Income taxes payable and receivable20,060(6,071)Deferred revenue2,032(6,586)Net cash provided by operating activities564,199436,959Cash flows from investing activities: Capital expenditures(37,698)(28,297)Purchases of investments(112,000) - Other, net12(25,976)Net cash used in investing activities(149,686)(54,273)Cash flows from financing activities: Principal payments on Term Loan - (425,000)Payments to settle exchangeable notes(423,854) - Proceeds from issuance of common stock pursuant to stock-based awards and employee stock purchase plan3,1573,598Withholding taxes paid on behalf of employees on net settled stock-based awards(92,489)(89,921)Dividends(90,929)(94,968)Purchases of treasury stock(245,400)(419,676)Purchase of noncontrolling interests(232)(84)Other, net(6,010)(6,225)Net cash used in financing activities(855,757)(1,032,276)Total cash used(441,244)(649,590)Effect of exchange rate changes on cash and cash equivalents(6,014)18,840Net decrease in cash and cash equivalents(447,258)(630,750)Cash and cash equivalents at beginning of period1,027,838965,993Cash and cash equivalents at end of period$580,580$335,243 Three Months EndedSeptember 30, 2026(In millions)Net income attributable to Match Group, Inc. shareholders$175 to $180Add back:Income tax provision41Other income, net(5)Interest expense42Stock-based compensation expense58Depreciation and amortization of intangibles19Adjusted EBITDA$330 to $335Revenue$885 to $895Net Income Margin (at the mid-point of the ranges)20%Adjusted EBITDA Margin (at the mid-point of the ranges)37%
- Total Revenue of $853 million was down 1% Y/Y, down 2% on a foreign exchange (“FX”) •Tinder's product-led turnaround continued to build momentum in Q2. Sparks and Sparks Match Group has various tranches of dilutive securities. The table below details these securities and their potentially Match Group reports Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, and Revenue Excluding Foreign such as customer lists, trade names and technology, are valued and amortized over their estimated lives. Value is also
Tinder Y/Y DAU and MAU Trends Improve as Turnaround Gains Momentum Consolidated Operating Costs and Expenses Consolidated Statement of Operations Reconciliation of Net Income to Adjusted EBITDA Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Exchange Effects, all of which are supplemental measures to U.S. generally accepted accounting principles (“GAAP”). The dilutive impact (shares in millions; rounding differences may occur). neutral basis (“FXN”), with a 6% Y/Y increase in RPP to $21.13, and a 6% Y/Y decline in assigned to (i) acquired indefinite-lived intangible assets, which consist of trade names and trademarks, and (ii) goodwill, Coverage were broadly stable versus Q1, both globally and among women, and through July Three Months Ended June 30,Six Months Ended June 30, 2026202520262025 (In thousands, except per share data)Revenue$853,105$863,738$1,717,039$1,694,916Operating costs and expenses:Cost of revenue (exclusive of depreciation shown separately below)204,262241,938414,918478,846Selling and marketing expense158,253148,254321,283305,350General and administrative expense106,468136,555195,596248,075Product development expense114,816114,511231,621235,365Depreciation15,32518,06129,45739,790Impairments and amortization of intangibles8,53110,49842,29820,976Total operating costs and expenses607,655669,8171,235,1731,328,402Operating income245,450193,921481,866366,514Interest expense(42,381)(32,160)(84,906)(67,416)Other income (expense), net11,579(4,056)18,219(1,440)Income before income taxes214,648157,705415,179297,658Income tax provision(44,102)(32,227)(77,788)(54,609)Net income170,546125,478337,391243,049Net income attributable to noncontrolling interests - - (8)(1)Net income attributable to Match Group, Inc. shareholders$170,546$125,478$337,383$243,048Net earnings per share attributable to Match Group, Inc. shareholders: Basic$0.73$0.51$1.45$0.98 Diluted$0.70$0.49$1.37$0.93Basic shares outstanding232,504244,370232,970247,731Diluted shares outstanding247,757263,773249,620267,832Stock-based compensation expense by function:Cost of revenue$1,379$1,715$2,846$3,550Selling and marketing expense2,7263,1245,3345,866General and administrative expense22,96825,73642,73052,742Product development expense34,94836,89269,67875,703Total stock-based compensation expense$62,021$67,467$120,588$137,861 Adjusted EBITDA, Adjusted EBITDA Margin, and Free Cash Flow measures are among the primary metrics by which we which are not subject to amortization. An impairment is recorded when the carrying value of an intangible asset or goodwill Hinge Grew Revenue 22% Y/Y as International Expansion Continues Payers to 13.3 million. Three Months Ended June 30,(Dollars in thousands)2026% of Revenue2025% of RevenueY/Y ChangeCost of revenue$204,26224%$241,93828%(16)%Selling and marketing expense158,25319%148,25417%7%General and administrative expense106,46812%136,55516%(22)%Product development expense114,81613%114,51113% - %Depreciation15,3252%18,0612%(15)%Amortization of intangibles8,5311%10,4981%(19)%Total operating costs and expenses$607,65571%$669,81778%(9)% Three Months Ended June 30,Six Months Ended June 30,2026202520262025(Dollars in thousands)Net income attributable to Match Group, Inc. shareholders$170,546$125,478$337,383$243,048Add back:Net income attributable to noncontrolling interests - - 81Income tax provision44,10232,22777,78854,609Other (income) expense, net(11,579)4,056(18,219)1,440Interest expense42,38132,16084,90667,416Stock-based compensation expense62,02167,467120,588137,861Depreciation15,32518,06129,45739,790Impairments and amortization of intangibles8,53110,49842,29820,976Adjusted EBITDA$331,327$289,947$674,209$565,141Revenue$853,105$863,738$1,717,039$1,694,916Net Income Margin20%15%20%14%Adjusted EBITDA Margin39%34%39%33% This press release and our conference call, which will be held at 5:00 p.m. Eastern Time on August 4, 2026, may contain Average Exercise Price7/31/2026Share Price$39.41Absolute Shares229.6Equity AwardsOptions$20.790.1RSUs and subsidiary denominated equity awards7.7Total Dilution - Equity Awards7.8Outstanding WarrantsWarrants expiring on September 15, 2026 (5.0 million outstanding)$129.39 - Warrants expiring on April 15, 2030 (7.1 million outstanding)$129.45 - Total Dilution - Outstanding Warrants - Total Dilution7.8% Dilution3.3%Total Diluted Shares Outstanding237.3 have moved substantially higher Y/Y following updates to its recommendation algorithms. evaluate the performance of our business, on which our internal budget is based and by which management is exceeds its fair value. We believe that intangible assets represent costs incurred by the acquired company to build value “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that compensated. Revenue Excluding Foreign Exchange Effects provides a comparable framework for assessing the •Net Income of $171 million increased 36% Y/Y, representing a Net Income Margin of 20%. prior to acquisition and the related amortization and impairment charges of intangible assets or goodwill, if applicable, are not are not historical facts are “forward looking statements.” The use of words such as “anticipates,” “estimates,” “expects,” •Tinder Events, a new feature that lets users discover and attend local activities performance of our business without the effect of exchange rate differences when compared to prior periods. We believe that ongoing costs of doing business. LOS ANGELES, August 4, 2026 - Match Group (NASDAQ: MTCH) today announced financial results “plans,” “believes,” “will,” and “would,” among others, generally identify forward-looking statements. These forward-looking
- Adjusted EBITDA of $331 million increased 14% Y/Y, representing an Adjusted EBITDA investors should have access to the same set of tools that we use in analyzing our results. These non-GAAP measures together, expanded into nine additional U.S. and European cities, with plans to reach 26 statements include, among others, statements relating to: Match Group’s future financial performance, Match Group’s for the second quarter ended June 30, 2026, reflecting continued progress in its product-led should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for Margin of 39%. Additional Definitions cities around the world by the end of September. During its pilot in Los Angeles, 71% of business prospects and strategy, anticipated trends, and other similar matters. These forward-looking statements are based or superior to GAAP results. Match Group endeavors to compensate for the limitations of the non-GAAP measures turnaround. In Q2, the company delivered revenue in line with expectations and exceeded Adjusted on management’s current expectations and assumptions about future events, which are inherently subject to uncertainties, eligible active users ages 18-24 engaged with the in-app Events tab, demonstrating especially •Operating Cash Flow and Free Cash Flow were $564 million and $527 million, respectively, presented by providing the comparable GAAP measures and descriptions of the reconciling items, including quantifying such Tinder consists of the world-wide activity of the brand Tinder®. risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those contained in EBITDA expectations, while improving user engagement at Tinder and delivering strong global user items, to derive the non-GAAP measures. We encourage investors to examine the reconciling adjustments between the year-to-date through June 30, 2026. strong adoption among Gen Z users. these forward-looking statements for a variety of reasons, including, among others: failure to retain existing users or add new Hinge consists of the world-wide activity of the brand Hinge®. and revenue growth at Hinge. GAAP and non-GAAP measures, which we describe below. Interim results are not necessarily indicative of the results that users, or if users do not convert to paying users; competition; risks related to our restructuring and reorganization activities;
- Repurchased 7.3 million of our shares at an average price of $34 per share for a total of $245 Everyone Everywhere (“E&E”) consists of the world-wide activity of the brands Match®, Meetic®, OkCupid®, Plenty Of may be expected for a full year. •Hinge is still expected to reach $1 billion in revenue in 2027, driven by continued our ability to attract and retain users through cost-effective marketing efforts; our reliance on a variety of third-party platforms, Fish®, Pairs™, Azar®, BLK®, Chispa™, The League®, Upward®, Salams®, HER™, and other smaller brands. million, paid $91 million in dividends, and deployed $92 million of cash toward the net in particular, mobile app stores; our ability to realize reductions in in-app purchase fees; inappropriate actions by certain of product innovation, international expansion, and monetization gains. In mid-July, Hinge At Tinder, product improvements continued to translate into stronger engagement and user trends. Definitions of Non-GAAP Measures settlement of employee equity awards to reduce dilution, equating to 81% of Free Cash Flow Retention measures the share of existing users who remain active after 30 days. our users could be attributed to us or may not be adequately prevented by us; dependence on our key personnel; volatile launched Friend's Take, a new feature that brings friends and family into the dating experience. Sparks and Sparks Coverage were broadly stable versus Q1, year-over-year (“Y/Y”) DAU declines global economic conditions; operational and financial risks in connection with acquisitions; impairment charges related to our year-to-date through June 30, 2026. Sparks is the number of users engaging in six-way conversations on Tinder in a given week. When presented on a monthly, Adjusted EBITDA is defined as net income attributable to Match Group, Inc. shareholders excluding: (1) net income intangible assets; operations in various international markets, including certain markets in which we have limited experience; narrowed to 4% in Q2, the best result in 10 quarters, and Y/Y MAU declines improved across each of Liquidity and Capital Resources
- E&E, which now includes Azar and Pairs and stands for “Everyone Everywhere,” has quarterly or year-to-date basis, Sparks represents the average of the weekly values for the respective period presented. attributable to noncontrolling interests; (2) income tax provision or benefit; (3) other income (expense), net; (4) interest
- Diluted shares outstanding were 237 million as of July 31, 2026, a decrease of 12 million foreign currency exchange rate fluctuations; challenges in measuring our user metrics and other estimates; the limited Tinder’s top five revenue countries and among women. Trends have further strengthened in July, expense; (5) depreciation; (6) acquisition-related items consisting of (i) amortization of intangible assets and impairments of completed all major platform migrations. E&E brands are benefiting from shared Match Sparks Coverage is the percentage of active Tinder users who experience a Spark in a given period and is average Sparks operating history of our newer brands and services makes it difficult to evaluate our current business and future prospects; During the six months ended June 30, 2026, we generated operating cash flow of $564 million and shares, or 5%, since July 31, 2025. goodwill and intangible assets, if applicable and (ii) gains and losses recognized on changes in fair value of contingent for the period divided by average weekly active users in the period. supported by ongoing improvements to recommendation algorithms and product innovation. In Q2, impacts of climate change; the integrity of our and third parties’ systems and infrastructure; cyberattacks on our systems and Group capabilities, including Trust and Safety, recommendation algorithms, cross-sell, Free Cash Flow of $527 million. consideration arrangements, as applicable; and (7) stock-based compensation expense. We believe Adjusted EBITDA is The following table summarizes total company consolidated financial results for the three months infrastructure and cyberattacks experienced by third parties; our ability to access, collect, and use personal data about our Hinge grew overall revenue 22% Y/Y, with global MAU up 13% Y/Y, and entered six new European Direct Revenue is revenue that is received directly from end users of our services and includes both subscription and à la centralized marketing, consumer research, and more. useful to analysts and investors as this measure allows a more meaningful comparison between our performance and that of users; breaches or unauthorized access of personal and confidential or sensitive user information that we maintain and ended June 30, 2026 and 2025. carte revenue. During the quarter ended June 30, 2026, we repurchased 5.3 million shares of our common stock for our competitors. Adjusted EBITDA has certain limitations because it excludes certain expenses. Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange countries and four additional countries in Latin America. Hinge also grew revenue 86% Y/Y across its store; challenges with properly managing the use of artificial intelligence; risks related to credit card payments; risks related A webcast of our second quarter 2026 results will be available at https://ir.mtch.com, along with our $185 million at an average price of $34.92. Between July 1 and July 31, 2026, we repurchased an Indirect Revenue is revenue that is not received directly from end users of our services, a majority of which is advertising Effects to our use of “open source” software; complex and evolving U.S., foreign, and international laws and regulations; our ability European expansion markets, while maintaining the number one downloaded position in aggregate Adjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenues. We believe Adjusted EBITDA Margin is Three Months Ended June 30,(Dollars in millions, except RPP, Payers in thousands)20262025Y/Y ChangeTotal Revenue$853$864(1)%Direct Revenue$840$845(1)%Net income attributable to Match Group, Inc. shareholders$171$12536%Net Income Margin20%15%Adjusted EBITDA$331$29014%Adjusted EBITDA Margin39%34%Payers13,25014,093(6)%RPP$21.13$20.006% Prepared Remarks and Supplemental Financial Materials. The webcast will begin today, August 4, revenue. to protect our intellectual property rights or accusations that we infringe upon the intellectual property rights of others; useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that additional 0.4 million shares of our common stock for $16 million at an average price of $38. As of July across those markets in Q2. Three Months Ended June 30,Six Months Ended June 30, 2026$ Change% Change20252026$ Change% Change2025 (Dollars in millions, rounding differences may occur)Total Revenue, as reported$853.1$(10.6)(1)%$863.7$1,717.0$22.11%$1,694.9Foreign exchange effects(6.6)(38.2)Total Revenue, excluding foreign exchange effects$846.5$(17.2)(2)%$863.7$1,678.8$(16.1)(1)%$1,694.9 adverse outcomes in litigation; risks related to our taxation in multiple jurisdictions; risks related to our indebtedness; and of our competitors. Adjusted EBITDA Margin has certain limitations in that it does not take into account the impact to our 2026, at 5:00 PM Eastern Time. This press release, including the reconciliations of certain non-GAAP Payers are unique users at a brand level in a given month from whom we earned Direct Revenue. When presented as a 31, 2026, $697 million in aggregate value of shares of Match Group stock remains available under our risks relating to ownership of our common stock. Certain of these and other risks and uncertainties are discussed in Match consolidated statement of operations of certain expenses. ______________________ quarter-to-date or year-to-date value, Payers represents the average of the monthly values for the respective period measures to their nearest comparable GAAP measures, is also available on that site. share repurchase program. Group’s filings with the Securities and Exchange Commission. Other unknown or unpredictable factors that could also presented. At a consolidated level and a business unit level to the extent a business unit consists of multiple brands, “Tinder finally looks and feels like the app young daters want to use. We have improved our Free Cash Flow is defined as net cash provided by operating activities, less capital expenditures. We believe Free Cash The dilutive securities presentation above is calculated using the methods and assumptions described below; these adversely affect Match Group’s business, financial condition and results of operations may arise from time to time. In light of duplicate Payers may exist when we earn revenue from the same individual at multiple brands in a given month, as we are Reconciliation of Net Income to Adjusted EBITDA used in Leverage Ratios Flow is useful to investors because it represents the cash that our operating businesses generate, before taking into account are different from GAAP dilution, which is calculated based on the treasury stock method. As of June 30, 2026, we had $0.6 billion in cash, cash equivalents, and short-term investments and recommendation algorithms, strengthened Trust and Safety, introduced new ways to connect with these risks and uncertainties, these forward-looking statements may not prove to be accurate. Accordingly, you should not Financial Outlook unable to identify unique individuals across brands in the Match Group portfolio. non-operational cash movements. Free Cash Flow has certain limitations in that it does not represent the total increase or Twelve months endedJune 30, 2026(In thousands)Net income attributable to Match Group, Inc. shareholders$707,781Add back:Net income attributable to noncontrolling interests22Income tax provision155,721Other income, net(40,684)Interest expense165,041Stock-based compensation expense240,929Depreciation56,779Impairments and amortization of intangibles59,870Adjusted EBITDA$1,345,459 place undue reliance on these forward-looking statements, which only reflect the views of Match Group management as of $3.6 billion of long-term debt, inclusive of current maturities, all of which is fixed rate debt, including features like Double Date and Music Mode, and completed Tinder’s first full rebrand in nearly a Options - The table above assumes the options are settled net of the option exercise price and employee decrease in the cash balance for the period, nor does it represent the residual cash flow for discretionary expenditures. Revenue Per Payer (“RPP”) is the average monthly revenue earned from a Payer and is Direct Revenue for a period For Q3 2026, Match Group expects: the date of this press release. Match Group does not undertake to update these forward-looking statements. withholding taxes, as is our practice, and the dilutive effect is presented as the net shares that would be issued upon $0.6 billion of Exchangeable Senior Notes. decade, and these changes are driving meaningful gains in metrics like DAU and retention to date. Therefore, we think it is important to evaluate Free Cash Flow along with our consolidated statement of cash flows. divided by the Payers in the period, further divided by the number of months in the period. exercise. Withholding taxes paid by the Company on behalf of the employees upon exercise is estimated to be •Total Revenue of $885 to $895 million, down 2% to 3% Y/Y. The next step is winning back singles who’ve drifted away, and reaching those who’ve never tried About Match Group Daily Active User (“DAU”) is the average daily number of unique registered users at a brand level who has visited the We look at Free Cash Flow as a measure of the strength and performance of our businesses, not for valuation purposes. In In June 2026, we used $424 million of cash on hand to repay the outstanding 0.875% exchangeable $2.8 million, assuming the stock price in the table above and a 50% estimated employee withholding tax rate. brand’s app or, if applicable, their website in the past seven days as of any given day. When presented on a monthly, our view, applying “multiples” to Free Cash Flow is inappropriate because it is subject to timing, seasonality and one-time Tinder at all. In-person Events, now live in the U.S. and Europe, are an important part of that strategy,” •Adjusted EBITDA of $330 to $335 million, representing a Y/Y increase of 10% at the mid-point senior notes due 2026 (the “2026 Exchangeable Notes”) at their maturity. Our $500 million revolving Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies RSUs and subsidiary denominated equity awards - The table above assumes RSUs are settled net of employee quarterly or year-to-date basis, DAU represents the average of the daily DAU values for the respective period presented. At a events. We manage our business for cash, and we think it is of utmost importance to maximize cash - but our primary of the range. said CEO Spencer Rascoff. “Meanwhile, Hinge is expanding rapidly in new countries and has become credit facility was undrawn as of June 30, 2026. Match Group’s trailing twelve-month leverage as of designed to help people make meaningful connections. Our global portfolio of brands includes Tinder®, Hinge®, consolidated level and a business unit level to the extent a business unit consists of multiple brands, duplicate users will exist valuation metric is Adjusted EBITDA. withholding taxes, as is our practice, and the dilutive effect is presented as the net number of shares that would be a global leader in the intentional dating category, and E&E is more streamlined and focused than ever, June 30, 2026 was 2.7x on a gross basis and 2.2x on a net basis. within DAU when the same individual visits multiple brands in a given day. Match®, Meetic®, OkCupid®, Pairs™, Plenty Of Fish®, Azar®, BLK®, and more, each built to increase our users’ issued upon vesting. Withholding taxes paid by the Company on behalf of the employees upon vesting is estimated to
- Adjusted EBITDA Margin of 37% at the mid-points of the ranges. Revenue Excluding Foreign Exchange Effects is calculated by translating current period revenues using prior period likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the be $302.9 million, assuming the stock price in the table above and a 50% withholding rate. with sharper priorities centered on user outcomes and continued product innovation. Match Group is Monthly Active User (“MAU”) is a unique registered user at a brand level who has visited the brand’s app or, if applicable, exchange rates. The percentage change in Revenue Excluding Foreign Exchange Effects is calculated by determining the On July 21, 2026, we paid a dividend of $0.20 per share to holders of record on July 7, 2026. The total varying preferences of our users. their website in the given month. For measurement periods that span multiple months, the average of each month is used. At change in current period revenues over prior period revenues where current period revenues are translated using prior Dividend Declaration having a great 2026, positioning us well for 2027.” All market-based awards reflect the expected shares that will vest based on current market estimates. The table cash payout was $46 million. a consolidated level and a business unit level to the extent a business unit consists of multiple brands, duplicate users will period exchange rates. We believe the impact of foreign exchange rates on Match Group, due to its global reach, may be an assumes no change in the fair value estimate of the subsidiary denominated equity awards from the values used for exist within MAU when the same individual visits multiple brands in a given month. Contact Us Match Group's Board of Directors has declared a cash dividend of $0.20 per share of the company's important factor in understanding period over period comparisons if movement in rates is significant. Since our results are GAAP purposes at June 30, 2026. reported in U.S. dollars, international revenues are favorably impacted as the U.S. dollar weakens relative to other Tanny ShelburneMatch Group Investor Relationsir@match.comMatch Group Corporate CommunicationsmatchgroupPR@match.comMatch Group8750 North Central Expressway, Suite 1400, Dallas, TX 75231, (214) 576-9352 https://mtch.com common stock. The dividend is payable on October 20, 2026 to shareholders of record as of October Leverage on a gross basis is calculated as principal debt balance divided by Adjusted EBITDA for the period referenced. Exchangeable Senior Notes - The Company has one series of Exchangeable Senior Notes outstanding. In the currencies, and unfavorably impacted as the U.S. dollar strengthens relative to other currencies. We believe the presentation 5, 2026. Leverage on a net basis is calculated as principal debt balance less cash and cash equivalents and short-term investments event of an exchange, the Exchangeable Senior Notes can be settled in cash, shares, or a combination of cash and of revenue excluding foreign exchange effects in addition to reported revenue helps improve the ability to understand Match divided by Adjusted EBITDA for the period referenced. Group’s performance because it excludes the impact of foreign currency volatility that is not indicative of Match Group’s core shares. At the time of the Exchangeable Senior Notes issuance, the Company purchased call options with a strike operating results. price equal to the exchange price of the Exchangeable Senior Notes (“Note Hedge”), which can be used to offset the dilution of the Exchangeable Senior Notes. No dilution is reflected in the table above for the Exchangeable Senior Non-Cash Expenses That Are Excluded From Our Non-GAAP Measures Reconciliation of Operating Cash Flow to Free Cash Flow Notes because it is the Company’s intention to settle the Exchangeable Senior Notes with cash equal to the face amount of the notes; any shares issued would be offset by shares received upon exercise of the Note Hedge. Six months ended June 30, 2026(In thousands)Net cash provided by operating activities$564,199Capital expenditures(37,698)Free Cash Flow$526,501 Stock-based compensation expense consists principally of expense associated with the grants of RSUs, performance- Warrants - At the time of the issuance of the outstanding Exchangeable Senior Notes and the 2026 Exchangeable based RSUs, and market-based awards. These expenses are not paid in cash, and we include the related shares in our fully Notes, the Company also sold warrants for the number of shares with the strike prices reflected in the table above. diluted shares outstanding using the treasury stock method; however, performance-based RSUs and market-based awards The cash generated from the exercise of the warrants is assumed to be used to repurchase Match Group shares and are included only to the extent the applicable performance or market condition(s) have been met (assuming the end of the reporting period is the end of the contingency period). To the extent stock-based awards are settled on a net basis, we remit the resulting net dilution, if any, is reflected in the table above. The warrants expiring on September 15, 2026 related to the required tax-withholding amounts from our current funds. the 2026 Exchangeable Notes. Hinge’s European expansion markets are: France, Germany, Austria, Switzerland, Denmark, Finland, Sweden, Norway, Spain, Italy, Netherlands, and Belgium. Source: Sensor Tower. Combined downloads across Apple App Store and Google Play Store. Among all dating apps as defined by Match Group. Depreciation is a non-cash expense relating to our property and equipment and is computed using the straight-line method Leverage is calculated utilizing the non-GAAP measure Adjusted EBITDA as the denominator. For a reconciliation of the non-GAAP measure for each period presented, see page 8. to allocate the cost of depreciable assets to operations over their estimated useful lives, or, in the case of leasehold As defined on page 10 of this press release. improvements, the lease term, if shorter. 1 2 3 4 5 6 7 8 9 10 11 12 13