Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 74

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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 2025 compared to the three months ended March 31, 2024

RevenueThree Months Ended March 31,2025$ Change% Change2024(In thousands, except RPP)Direct Revenue:Tinder$447,403 $(34,084)(7)%$481,487 Hinge152,241 28,488 23%123,753 Evergreen & Emerging149,150 (19,450)(12)%168,600 MG Asia63,655 (7,804)(11)%71,459 Total Direct Revenue812,449 (32,850)(4)%845,299 Indirect Revenue18,729 4,381 31%14,348 Total Revenue$831,178 $(28,469)(3)%$859,647 Payers:Tinder9,107 (606)(6)%9,713 Hinge1,697 273 19%1,424 Evergreen & Emerging2,395 (444)(16)%2,839 MG Asia999 45 5%954 Total14,198 (732)(5)%14,930 (Change calculated using non-rounded numbers)RPP:Tinder$16.38 $(0.14)(1)%$16.52 Hinge$29.90 $0.94 3%$28.96 Evergreen & Emerging$20.76 $0.96 5%$19.80 MG Asia$21.23 $(3.73)(15)%$24.96 Total$19.07 $0.20 1%$18.87 

For the three months ended March 31, 2025 compared to the three months ended March 31, 2024

Tinder Direct Revenue declined $34.1 million, or 7%, in 2025 versus 2024. The decrease in Direct Revenue was driven by a 6% decrease in Payers and a 1% decrease in RPP. Additionally, revenue was negatively impacted by the strength of the U.S. dollar compared to the Euro, Brazilian Real, and Argentine Peso. On a consistent foreign exchange rate basis, the decline was $21.1 million or 4%.

Hinge Direct Revenue grew $28.5 million, or 23%, in 2025 versus 2024. Revenue growth was driven by both growth in the U.S. market as well as continued expansion