Strong user growth at Tinder drove Match Group’s quarterly earnings above Wall Street estimates, though analysts warn of lingering risks.
Match Group reported second-quarter earnings that surpassed analyst expectations, driven by a recovery in Tinder’s user engagement and revenue. Adjusted earnings per share reached 64 cents, topping the 58-cent consensus estimate, while revenue grew 7% year-over-year to $850 million.
The results mark a turnaround from last year’s decline, when Tinder’s growth stalled amid competition and user fatigue. Analysts had anticipated a modest rebound, but the quarter’s performance exceeded projections, with Tinder’s direct revenue rising 12%.
Despite the beat, Jefferies analysts maintained a cautious outlook, citing potential headwinds from macroeconomic pressures and evolving dating app competition. Shares showed limited movement in after-hours trading.