Match Group reported fourth-quarter revenue of $878 million, up 2% year-over-year and flat on a constant-currency basis. Net income rose 32% to $210 million, driving a net income margin of 24%. Adjusted EBITDA increased 14% to $370 million, representing a 42% margin. These results topped consensus earnings estimates by 5 cents per share and exceeded revenue forecasts by $7 million, reflecting ongoing cost discipline and strong monetization of its core apps.

Hinge delivered a standout performance, with direct revenue growing 26% year-over-year in Q4 and monthly active users in its European expansion markets up nearly 50% for the full year. Tinder’s engagement metrics also improved, as Sparks Coverage—a measure of six-way conversation participation—rose 4% in December. New safety features like Face Check led to a more than 50% reduction in bad-actor interactions in pilot markets, with minimal impact on revenue, underscoring the company’s focus on quality user experiences.

During the quarter, Match Group repurchased 7.3 million shares for $239 million at an average of $32.94 per share and paid $186 million in dividends, including a newly declared $0.20 per-share dividend. Full-year free cash flow reached $1.0 billion, of which 108% was returned to shareholders through buybacks, dividends and equity award settlements. Diluted shares outstanding fell 7% over the past year to 241 million, reflecting the impact of the repurchase program.

For the first quarter of 2026, the company expects revenue of $850 to $860 million, up 2% to 3% year-over-year, and adjusted EBITDA of $315 to $320 million, implying a 37% margin. Full-year 2026 guidance calls for revenue between $3.41 billion and $3.54 billion and adjusted EBITDA of $1.28 billion to $1.33 billion. Management plans to invest $60 million in AI and product innovation at Tinder this year, accepting a one-point headwind to near-term monetization to enhance long-term user growth and engagement.