Match Group Information, Statistics, Facts and History

• Return to Online Dating Statistics & Facts
• View our Match Group Inc. topic and related articles

Match Group Inc. History Summary

Match Group is a company which operates more than 45 dating services worldwide. Some of the more popular brands include Match.com, Tinder, Plenty of Fish (POF), OKCupid, Meetic, Twoo, Hinge, and Our Time. Match Group went public on November 19, 2015. Its stock opened at $12 per share and trades on the NASDAQ with the ticker symbol MTCH (as of 2020 share price surpassed $92). The company's majority shareholder (by far) is IAC (InterActiveCorp). Before becoming a separate company in 2014 (an IAC subsidiary), Match Group was 1 of 3 areas of focus (or segments) within IAC which held all of their dating site holdings. This segment has had a number of names (including being called Match) since 1999 when InterActiveCorp first entered the dating industry when it purchased the One & Only Networks and then Match.com. When Match Group became its own company in 2014, across all dating properties they had 30 million active members which included 3.4 million paying subscribers.

IAC itself was established in 1986 as the Silver King Broadcasting Company. At that time they ran local television stations. Over the years the company has changed its name at least 5 times and has diversified into a number of areas with most dealing with media and the internet. As of 2018 IAC owns over 150 brands serving more than 100 countries.

Most of IAC's and now Match Group dating brands are acquisitions. Some have gone on to do very well, while others slowly lost traffic and was closed. IAC/Match Group did try starting a number of different dating service themselves with the most famous being Chemistry.com. Unfortunately most of these did not perform well and were closed (including Stir (which as of 2022 is up and running again) and Down To Earth). IAC's/Match Group’s major dating acquisitions (or have purchased a majority stake in) include:

IAC

• 1999 - One & Only Network (closed December 2005)
• 1999 - Match.com
• 2009 - People Media for $80 million USD (added 27 additional dating sites)
• 2010 - SinglesNet (in 2013 relaunched as Kiss.com and then closed March 2014)
• 2011 - OkCupid for $50 million USD
• 2012 - DateHookup.com (closed May 2018)

Match Group

• 2014 - Tinder (purchased a controlling stake in)
• 2014 - How About We (now just a doorway site to Match.com)
• 2015 - Plenty of Fish for $575 million USD
• 2018 - Hinge (purchased a controlling stake in)
• 2019 - Hinge (now has 100% ownership)
• 2022 - The League

In 2017 it was reported that Match Group was in talks to acquire Bumble for between $450 and $1 Billion but nothing came of it except legal troubles. Bumble and Match Group ended up suing each other instead in 2018. That was not their only legal trouble this year as some Tinder co-founders and employees have sued Match Group for $2 billion complaining that Match Group undervalued Tinder when it was merged with Match Group in 2017 which affected the value of their stock options.

As of quarter 1 2020, Match Group of dating services had 9.8 million subscribers (with 5.9 million coming from Tinder). Total revenue for the year 2019 was $2.1 Billion with half from Tinder.

In 2023 Match Group launched a gay dating service called Archer which looks to compete directly with Grindr.

Match Group Inc. Facts By Year

2025

• General Information
  • An investigation into Match Group by nonprofit news organization The Markup and Pulitzer Center's AI Accountability Network found that Match Group had information about users who were reported for sexual assault, but did not ban them from its apps, publicly identify them, or report them to authorities. [2]
  • CEO Bernard Kim has been replaced by Zillow Group Inc. co-founder Spencer Rascoff. He was not able to turn around Match Groups revenue decline over the past several quarters. [3]
  • Hesam Hosseini has been promoted to Chief Operating Officer, and will take the reins in April. Hosseini will also lead Corporate Development, Corporate Strategy, and the advertising sales team. [3]
• Finances
  • In a Q1 2025 Investor Day meeting Match Group discussed: [1]
    • Match Group said that it plans to prioritize improving user experience over monetization.
    • Match Group is refocusing the strategy for Tinder over increasing pressure from activist investors to improve its financial forecast.
    • Match Group forecast that revenue will be flat or in decline through 2026, but will start to turn around in 2027 with slow, single-digit growth.
    • Match Group is betting on creating a safer environment for users and hoping that the numbers will follow.
    • Investors are pushing for growth at Tinder, which has lost significant market value for Match Group since its peak in 2021.
  • Match Group released Q2 2025 results: [4]
    • Paid users fell more than 5% from a year ago, a trend that continues as more young daters look for ways to meet outside of dating apps.
    • Match Group is set to cut 13% of its staff, a reduction of about 325 employees from its most current count of 2,500. The company will also be closing all open positions.
    • Staffing cuts will save Match Group about $100 million per year, and about $45 million in 2025 alone.
    • Tinder has seen the biggest drop in paying users, with subscriptions declining 7%.
    • Hinge continues to buck the trend and is seeing a 23% spike in paying users over the last year.
    • Match Group is not ruling out price cuts and other types of promotions to attract users.
    • Tariffs won’t directly impact the dating app market, since they don’t deal in imported goods.

References

1. Tinder Rethinks App Strategy as Revenue Flattens
2. Investigation Reveals Match Group Concealed Assault Information from Public
3. Match Group Appoints New CEO and COO as Revenue Lags
4. Match Group to Cut 13 Percent of Staff After Another Quarterly Decline

2024

• General Information
  • Hinge is the fastest-growing app in parent company Match Group’s portfolio. [1]
  • BLK has launched a new ad campaign in support of black women, encouraging them to be their authentic selves. [3]
  • Match Group has partnered with OpenAI’s ChatGPT-4, which includes over 1,000 ChatGPT Enterprise licenses for company employees to help with their work-related tasks (coding, design, analysis, to build templates, etc.). [6]
  • Yoel Roth, former head of Trust & Safety at Twitter, has now accepted a position as vice president of trust and safety at Match Group. [7]
  • Gay Dating App Archer latest Updates: [10]
    • Archer rolled out a marketing campaign during Pride Month, focusing on the issue of unsolicited photos on dating apps and what the company is doing to address it.
    • Archer requires each profile to be verified with a selfie photo (face pic) for added safety.
    • When a user is sent a photo on the app, if the platform’s AI determines that it might contain nudity, it blurs the picture and warns the user before they open it.
    • The app has been downloaded more than 685,000 times since it launched this past October.
  • Chispa, Match Group’s dating app for Latino singles, has launched a summer college tour for select cities, in partnership with Sorry Papi. [12]
  • Match Group LGBTQ app Archer has had 1.5 million downloads in the first year of its launch. [14]
  • The dating app BLK has partnered with Michelle Obama’s “When We All Vote” non-profit to encourage young Black singles to vote this coming November. [15]
  • BLK will launch a special “Election Mode” feature on its app, which will include a sticker pack that allows voters to match based on issues they care about and how they intend to vote to support them. The app will also provide in-app voting prompts on National Black Voter Registration Day. [15]
  • The League organized high-end events in New York, the Hamptons and even at the U.S. Open to drive engagement on its platform as well as to generate revenue. [16]
  • Chispa has partnered with non-partisan organization Voto Latino to encourage more Latinos to go to the polls. [17]
  • Match Group has promoted Steven Bailey to the position of CFO. [18]
• Finance
  • Shares of Match Group rose as much as 12% (and settling to 3% at the end of the day) after it was reported that Elliott Management had invested almost $1 billion in the company. [2]
  • 2023 Q3 earnings were disappointing for Match Group, and the Q4 revenue outlook also missed expectations, in part due to a decline in paying users for Tinder. [2]
  • Match Group released its first quarter revenue forecast and 2023 Q4 results: [4]
    • 2024 Q1 forecast falls below Wall Street analyst expectations.
    • Match Group has authorized a $1 billion share buyback plan.
    • Paying users declined 5% in the fourth quarter of 2023 compared to the previous year, to 15.2 million.
    • Match Group expects revenue between $850 and $860 million for the Q1, down from analysts’ forecasts of $867 million on average
    • Match Group’s 2023 Q4 revenue grew 10% from the previous year to $866.2 million, beating analyst expectations of $861.2 million.
    • Match Group forecasted revenue between $3.57 billion and $3.67 billion for 2024.
    • Fewer people are spending money on dating apps, those who are seem to be spending more.
  • Match Group has attracted its second activist investor Anson Funds Management LP, who have built a stake in the company. [8]
  • Match Group released its First quarter results: [9]
    • Revenue rose 9% for the company to $859.6 million, compared to $787.1 million the same time last year.
    • Net income is at $123.2 million for the first quarter of 2024 compared to $120.8 million this time last year.
    • Match Group revenue also beat overall analyst expectations of $855.8 million.
    • Paying users declined 6% overall from the previous year, revenue per payer increased 16% during the same time period.
  • Match Group's market value is currently $8.5 billion. [11]
  • Starboard joins Elliott Investment Management LP and Anson Funds Management LP, two other activist investors who have demanded changes in Match Group’s operations. Tinder has seen a drop in paying users in the last 6 quarters. [11]
  • Match Group stock price has dropped almost 70% over the past four years because of the decline in paying users. [11]
  • Match Group released its Second quarter results: [13]
    • Match Group to cut 6% of workforce after numbers for the company’s second quarter fell short of expectations
    • Match Group said job cuts would largely come from shutting down its live-streaming app Hakuna and removing live-streaming features from some of its dating apps.
    • Q2 earnings report showed an 8% decline among the number of paying Tinder users.
    • Match Group has seen a 60% drop in shareholder value since its peak in 2021.
    • Expect Tinder to begin testing new lower pressure forms of discovery in the coming quarters, including more ways for users to use Tinder with friends.
  • Match Group released its Third quarter results: [19]
    • Match Group shares dropped more than 18% after the company reported that paying users on its most popular app Tinder fell 4% in the quarter 3 from the same time period last year, to $9.9 million.
    • Match Group says it expects this slowdown to continue in the fourth quarter.
    • Hinge continues to be the star of Match Group’s offerings, growing 36% year-over-year (it is a fraction of Tinders though)
• Legal
  • A federal lawsuit was filed in a San Francisco court against Match Group, alleging that the company creates dating apps that hook users with promises of love, and then push people to pay money to keep swiping. [5]

References

1. Hinge CEO Talks AI as the Future of Dating
2. Match Group Stock Surges After Reports of $1 Billion Stake from Elliott Management
3. BLK Dating App Launches Campaign in Support of Black Women
4. Match Group Lowers Q1 Projections, Offers Buyback
5. Lawsuit Filed Against Match Group for Its "Addictive" Dating Apps
6. Match Group Partners with ChatGPT
7. Yoel Roth Joins Match Group as Head of Trust and Safety
8. Match Group Gains a Second Activist Investor
9. Tinder’s Paying Users Continue to Drop in First Quarter
10. Gay Dating App Archer Launches New Campaign as Userbase Grows
11. Another Activist Investor Takes Stake in Match Group
12. Dating App Chispa Launches College Summer Tour
13. Match Group Plans to Cut Six Percent of Workforce
14. Singles Are Turning to Specialty Dating Apps and Investors are Following
15. BLK Dating app Partners with Michelle Obama’s Organization to Encourage Young Black Voters
16. The Future of Dating Blends Apps and In-Person Experiences
17. Dating App Chispa Partners with Voto Latino Ahead of Election
18. Match Group Names New CFO
19. Match Group Stock Takes a Tumble Amid Earnings Reports

2023

• General Information
  • Match Group is launching an awareness campaign about romance scams across many of its apps to address the issue. In-app messages and email notifications will be part of the campaign, offering users tips on how to protect themselves from online scammers. [1]
  • The new CEO Bernard Kim has installed a new executive team which he hopes will turn the decline in Tinder subscribers and new app installs around. [2]
  • Match Group has named new key executives, including its first CTO (Will Wu) and a new President and CFO (Gary Swindler). [3]
  • Match Groups new Corporate teams will be focusing on four key businesses – Tinder, Hinge, Asia and Evergreen & Emerging. [3]
  • Match Group released a study in partnership with Ipsos called the Relationship Report. Ipsos surveyed 17,621 individuals across five countries. Respondents included people with and without online dating experience to get a clearer picture of perceptions regarding dating app usage. [6]
  • Match Groups Chispa, the dating app for Latine singles, has announced the launch of its new Advocacy Council, created to highlight important issues affecting its diverse community. [7]
  • Chispa was launched in 2017 and has over 7 million app downloads. [7]
  • Match Group has appointed former Plenty of Fish CEO Malgosia Green as CEO of Match Group Asia, who will now be based in Singapore. [8]
  • Match Group announced it will shut down operations for all of its dating apps in Russia by the end of June, including Tinder. [12]
  • Match Group launch of its new gay dating app Archer on June 1st in New York. Archer plans to expand to Los Angeles and Washington D.C. in the next few months. Match Group plans to have the app available across the U.S. within the year. [14]
  • NBCUniversal’s Peacock has struck a deal with dating app company Match Group to offer a three-month free subscription of its streaming service to users of the company’s popular dating apps (Tinder, Hinge, OkCupid, BLK and Plenty of Fish). [15]
  • Match Group also plans to launch a new dating app later this summer. Nothing is know yet about the new service. [16]
  • Match Group and its partner Garbo, a nonprofit provider of background checks, have parted ways. Garbo blamed Match Group for both the difference in priorities and the execution of the service on its platform. [17]
  • Tracey Breeden who was hired in 2020 as the Head of Safety and Social Advocacy at Match Group was let go at the end of 2022. [18]
  • Match Group has hired Mark Kantor for the Vice President of Innovation, a role that will direct the use of AI over its suite of apps. Mark Kantor comes from his previous role as head of growth at Zynga, and co-founded startups like Yellowbrick and Grafitti. [18]
  • Match Group’s new queer dating app Archer launched nationwide on October 11th, which was also National Coming Out Day. And to celebrate, the app hosted parties at popular gay bars across the country. [19]
  • Match Group has pulled their ads from Instagram after a report was released that showed they were appearing next to inappropriate and explicit content. [22]
  • Actress Busy Phillips is promoting the single parent dating app Stir this holiday season. The campaign MILF on the SHILF campaign satirizes the popular Christmas tradition in many households with kids of “Elf on a Shelf,” but now with an adult twist. [23]
• Finances
  • Match Group lay offs are coming: [4]
    • Match Group is expected to lay off up to 200 employees, or about 8% of its workforce (currently around 2400 employees before the cut) due to a disappointing outlook for 2023.
    • Significant poor product execution at Tinder, in addition to dealing with a tough economy and a strong dollar are to blame.
    • This move will cost Match Group about $3 million in severance costs for its fourth quarter of 2022 and the company is expecting additional costs from the layoffs of about $6 million in the first half of 2023.
  • Match Group is in talks to purchase a strategic stake in Shaadi, an India-based online matchmaking service. People Group (the owners of Shaadi), said that the company was looking to go public in the second half of 2023. [5]
  • One of Germany’s most prominent banks, DekaBank Deutsche Girozentrale, has reduced its shares of Match Group by 4.7%. [10]
  • Match Group’s stock price fell 10.45% between March and April, and has fallen 54.78% overall in the last year. [10]
  • A Goldman Sachs analyst has now adjusted its price target for Match Group stock, lowering it to $58, down from $65 earlier in the year. It still suggests the company’s stock is a buy. [10]
  • Match Group acquired a Muslim dating app called Hawaya in October of 2019. As of February 2023 it has been shutdown. [11]
  • Match Group shared its 1st quarter 2023 earnings: [13]
    • Shares of Match Group stock rose following the company’s second quarter forecasts, despite the decline in earnings for Q1.
    • Revenue was $787.12 million for the quarter, below the expected $793.87 million, and a 2% decline from the same time last year
    • Match Group reported EPS (earnings per share) of 42 cents, beating the consensus of 41 cents.
    • Paying app users decreased by 1.1% to 15.87 million, but revenue per payer actually increased to $16.26, up from $16 in the last quarter.
    • Match Group expects revenue between $805 million and $815 million for the second quarter, which is below analyst expectations of $822.6 million.
  • Match Group stock rose 21.3% during the month of June thanks to analysts’ more positive expectations of a turnaround at Tinder, and CEO Bernard Kim’s large insider buy of the company’s shares. [16]
  • CEO Bernard Kim also purchased $1.08 million worth of Match Group stock on May 31st, signaling his confidence in the direction of the company. [16]
  • Match Group’s shares are still priced at 77% less than its all-time highs in 2021, when dating apps were dominating the app market in part due to Covid restrictions. [16]
  • Match Group shared its 3rd quarter 2023 earnings: [21]
    • The stock price for Match Group dropped after the company revealed that its Tinder app saw a significant drop in paying users.
    • Shares went down more than 15% to $29, the lowest price it has traded for since the company spun off from IAC in July of 2020.
    • 3rd quarter earnings beat analyst estimates of $881.6 million compared to the expected $880.6 million.
    • 4th quarter projections concerned analysts. Fourth quarter revenue is expected to be between $855 million and $865 million, considerably lower than analysts’ estimates of more than $890 million.
• Legal
  • A group of class action lawsuits have been filed in the U. S. District Court on behalf of investors who purchased shares of Match Group stock between November 3, 2021 and January 31, 2023. The lawsuits allege that the company misled investors as to financial expectations and new product executions that Match Group was claiming to initiate. [8]
  • Muslim dating app Muzmatch has lost an appeal in its continuing legal battle with Match Group. [11]
  • Match Group has settled a lawsuit with Google concerning the tech giant’s payment requirements for its Play Store: [20]
    • Under the terms of the settlement, $40 million currently in escrow will be returned to Match.
    • Match Group also agreed to Google’s “user choice billing system,” which still allows for Google to get a cut of all transactions, even if Match users pay via Match Group’s payment systems.
    • By the end of March 2024, Match’s apps will implement the user choice billing system.
    • Epic Games will still be going forward with its lawsuit (that Match Group had joined), in a trial that begins in early November.
  • Epic Games won an antitrust lawsuit against Google for its Play Store practices. This is the same lawsuit that Match Group settled privately with Google a few weeks before. [24]

References

1. Match Group Rolling Out Scam Prevention Campaign in Wake of Growing Problem
2. New Management and Initiatives Aim to Prevent Tinder From Losing Users
3. Match Group Announces New Corporate Team and Focus
4. Match Group to Lay Off 8 Percent of Its Employees
5. Match Group in Negotiations with Indian Matchmaking Service Shaadi
6. Match Group Partners with Research Firm Ipsos to Release Comprehensive Dating Study
7. Match Group’s Chispa Launches New Advocacy Council
8. Securities Law Firms File Class Action Lawsuit Against Match Group
9. Match Group Asia CEO Heads Office in Singapore, with Focus on AI and Japan
10. Prominent German Bank Reduces Shares of Match Group
11. Muzmatch Loses Appeal in Match Group Lawsuit
12. Match Group to Shut Down Operations in Russia
13. Match Group Shares Rise After Quarterly Report
14. Match Group Debuts New Gay Dating App Archer to Kick Off Pride Month
15. Match Group and NBCUniversal’s Peacock Strike Ad Deal
16. Match Group Shares Soar Twenty Percent in June
17. Match Group and Security Nonprofit Garbo End Partnership
18. Match Group Hires New AI Executive
19. Queer Dating App Archer Launches Across U.S.
20. Match Group Settles Lawsuit with Google
21. Match Group Stock Price Drops after Tinder Sees Decline in Paying Subscribers
22. Bumble and Match Group Pull Ads From Instagram
23. Actress Busy Phillips Debuts Holiday Promotion for Stir
24. Epic Games Wins Antitrust Lawsuit with Google

2022

• General Information
  • Match Group announced that the company will go carbon neutral by March of 2022 thanks to its purchase of offsets to carbon emissions. [1]
  • Match Group has launched a new dating app called Stir. It is designed for single parents looking to date. [3]
  • Match Group and Visible are teaming up to offer a Singles Registry where users can sign up to receive and send gifts to the single people in their lives. [4]
  • Bernard Kim was named the new chief executive officer of Match Group. Kim is the former head of Zynga and oversaw global marketing, user acquisition, revenue, and product management among other divisions. [6]
  • Match Group's dating apps in total have around 100 million monthly active users. [7]
  • Match Group has partnered with security service Garbo to offer background checks on a number of its dating apps. [12]
  • BLK is a fast-growing app within Match Group’s portfolio. [18]
  • Match Group has appointed DV Williams as its Chief People Officer (human resources). He last held this role at Cars.com. [20]
  • Match Group has over 2,000 employees. [20]
  • Match Group dating app BLK has announced a partnership with former First Lady Michelle Obama’s voting initiative “When We All Vote”. [23]
  • BLK adds Homecoming Mode which lets users add a sticker of their HBCU to their profile, allowing them to discover others who attended their college and show their school pride. [26]
  • BLK has 8.5 million users who have downloaded the app. [26]
• Legal
  • For a second time, Match Group has sued dating app MuzMatch for Trademark infringement. The first time was in 2016 when Match Group opposed the MuzMatch app’s EU trademark registration. [2]
  • Match Group FTC Lawsuit Ruling: [5]
    • Match Group won the ruling of a lawsuit by the FTC that would have had them pay $844 million for failing to remove fake messages and profiles from its Match dating app.
    • The judge cited the Communications Decency Act, deeming Match a publisher, which means that since the company isn’t creating the profiles but instead just publishing them, they are ultimately protected from blame.
    • Match Group says that it blocks 96% of bots and fake accounts on its Match app. The FTC says 25 to 30% of registrations on Match came from scammers.
  • Match Group has sued Google: [8]
    • This is to avoid being kicked out of Googles Play Store. Match Group has refused to pay the required 30% commission of its in-app sales to Google.
    • Google said they will block downloads of Match’s dating apps starting June 1st if they don’t comply with Google’s contract and payment system.
    • The lawsuit was filed in federal court in California, and accused Google of violating federal and state antitrust laws.
  • The FTC is suing Match Group for hindering its investigation into OkCupid who shared user photos with Clarifai. Clarifai was using the images without the user’s consent or knowledge, violating Illinois’ Biometric Information Privacy Act. [10]
  • A legal settlement requires Google to pay developers $90 million in lost revenue over the years, including Match Group. [11]
  • Google has brought a lawsuit against Match Group, announcing its intention to remove dating apps like Tinder, OkCupid and Hinge from its Play Store. They are also seeking monetary compensation. [14]
  • A Russian court recently fined Match Group 2 million roubles ($33,280 USD) for its failure to store user data in Russian territory. [15]
  • Match Group has sued Apple in India: [19]
    • Match Group has brought a lawsuit against Apple in India, accusing the tech giant of “monopolistic conduct.”
    • In the filing, Match Group compared its app to rideshare services, arguing that if these apps are able to use third-party payment systems, dating apps should be able to as well. "Both dating and ridesharing apps share the same fundamental purpose i.e. matching two people online to meet in the real world
    • Match Group is the first large corporation to file such a suit against Apple in India.
  • Match Group has joined Epic Games in expanding their lawsuit against Google and its Play Store. [24]
• Finances
  • Since 2017 Match Group has tried to acquire MuzMatch four times, including with an offer as high as $35 million, but were turned down. [2]
  • Match Group plans to enable cryptocurrency purchases within its apps in the near future. [6]
  • Over the past year, Match Group stock has fallen about 59% (so has main rival Bumble), as the notion of continuous growth meets a limit. [9]
  • Match Group has acquired The League, a dating app known for its exclusivity and requiring users to meet certain criteria before they are accepted. [13]
  • Match Group expects to lose 200,000 paying users in the second quarter as a result of the war and the end of the discounts it offered on its star app Tinder. [15]
  • Match Group expects to lose $6 million in the second quarter due to just changes in Google’s app store. [15]
  • Match Group shared its second quarter 2022 earnings: [16]
    • Match Groups stock fell more than 20% on Q2 earning news, bringing its stock price down 42% of its value since the beginning of the year.
    • Reported revenue of $795 million compared to $804 million that analysts expected. Overall revenue did grow 12% compared to this time last year.
    • Match Group lowered revenue forecasts for Q3 from $800 to $790 million.
    • The number of paid users increased 10% to 16.4 million according to the shareholder report, and revenue per paid user rose three percent to $15.86.
    • Weakness in live streaming business was reported, though Plenty of Fish’s livestream features were very successful in keeping users engaged.
    • Match Group is not seeing a similar surge of activity in 2022 of new users when compared to 2021 following the rollout of vaccines and the lifting of restrictions.
    • The war between Russia and Ukraine has also impacted business. Match Group is losing roughly $10 million per week despite keeping its platforms operating in these countries.
    • Subscriptions and usage numbers are weak in Japan.
    • A recent lawsuit settlement related to Tinder and its founders also cost the company $441 million, with a negative free cash flow of $7 million.
  • Match Group is pausing the development of metaverse dating for its apps. The Hyperconnect team has been instructed to iterate but not invest heavily in metaverse at this time. [17]
  • Niche dating apps that meet key demographic groups, such as BLK for black singles, Chispa for Latinx daters, and Stir for single parents, are expected to add $75 million annual revenue in 2022. [17]
  • Match Group Gets Downgraded by Capital Analyst Laura Champine. She lowered her price target from $70 to $60 a share, as she sees potential for further misses going into the next quarter. [21]
  • Tinder has loss market share to Bumble, and has had some of its market share cannibalized by Hinge (which is also owned by Match Group). [21]
  • Barry Diller, owner of IAC Corporation, has sold off his remaining shares of Match Group for approximately $1.9 billion. Diller’s initial sale of Match stock began in 2021 when he sold his first round despite the company’s impressive growth during the pandemic. [22]
  • Since 2022 began, Match Groups stock value has fallen 60%, in part due to earnings expectations for Tinder falling short the last two quarters. [22]
  • Match Group shared its 3rd quarter 2022 earnings: [25]
    • Match Group reported earnings of $810 million this quarter beat analyst expectations of $793 million. The company’s stock rose 16% in response.
    • Tinder’s revenue grew 6% and its paying users jumped 7%.
    • Tinder users account for the vast majority of Match Group’s estimated 100 million active users.
    • Match Group reported 16.5 million paying customers across its brands worldwide.
    • Tinder users are spending less money on in-app purchases like Super Likes and Boosts which historically have been really popular. Plenty of Fish has also struggled to grow revenue

References

1. Match Group Aims for Carbon Neutrality by Early 2022
2. Match Group Sues Dating App MuzMatch for Trademark Infringement
3. Match Group Launches Dating App Stir for Single Parents
4. Match Group and Verizon’s Visible Partner to Offer Singles a Gift Registry
5. Match Group Avoids Paying $844 Million Fine to FTC in New Ruling
6. Match Group Names New CEO
7. Grindr Has Announced It Will Go Public 
8. Match Group Sues Google to Avoid Being Kicked Out of Play Store
9. Bumble Shares Jump After First Quarter Earnings Report
10. FTC Suing Match Group for Hindering Its Investigation Into Biometric Data Sharing
11. Google Settles with App Developers for $90 Million
12. Match Group Expanding Background Checks to More Apps
13. Match Group Acquires Exclusive Dating App The League
14. Google Sues Match Group, Aiming to Remove Tinder and Other Dating Apps from its Play Store
15. A Russian Court Says Match Group Violated Data Policy
16. Match Group Falls Short of Q2 Revenue Expectations
17. Match Group Shakeup as Revenue Falls and Tinder CEO Exits
18. Match Group’s BLK Dating App Launches Financial Resource for Users
19. Match Group Files Lawsuit Against Apple in India
20. Match Group Adds New Chief People Officer to Executive Team
21. Match Group Gets Downgraded by Analyst
22. Barry Diller Sells Remaining Shares of Match Group
23. BLK Dating App Partners with Michelle Obama’s Voting Initiative
24. Match Group Expands Lawsuit Against Google
25. Match Group Earnings Up for Third Quarter
26. BLK Launches New Homecoming Feature to Support HBCUs

2021

• General Information
  • In a study on seniors and dating apps, seniors who had found a relationship through a dating app include: 35% on Tinder, 28% on Match, 25% on Hinge or POF. [6]
  • Match Group announced that it will launch new audio and video chat features to its suite of dating apps over the next two years. Hyperconnect’s technology will be used including: AR features, self-expression tools, and conversational AI. [9]
  • At the end of April Match Group unveiled a fresh look for both its website and logo. [13]
  • Match Group apps have been downloaded more than 750 million times. [13]
  • Match Group has over 1,800 employees around the world, as well as 20 offices, and is headquartered in Texas. [13]
  • Match Group owned Hyperconnect has been testing a avatar-based dating experience dubbed “Single Town”. Here users interact in real time as they meet in virtual spaces (like a bar) and have live audio conversations. There are plans to leverage the technology across their dating apps. [15]
• Legal
  • Match Group testified in front of the U.S. Senate recently, arguing that tech giants Apple and Google are allowing underage users to access its dating apps. [3]
  • Match Group testified along with others like Spotify who claim they had been targeted by Apple once they began to develop competitive products. [3]
  • NSW, Australia’s police force, was in talks with Match Group about new safety proposals. [4]
  • A new motion by former Tinder employees was filed in the New York Supreme Court against Match Group and IAC for allegedly covering up a report of sexual misconduct to manipulate the valuation of dating app Tinder. [7]
  • Match Group was ordered to pay $2 million USD to settle a civil lawsuit filed by Santa Cruz County involving the company’s practices when it comes to automatic renewals. [8]
  • Internal company emails were made public ahead of Match Group’s trial that revealed then CEO Blatt valued the dating app Tinder at nearly $12 billion in 2016, more than a year before Match Group valued Tinder at only $3 billion as Sean Rad and other employees were forced to exit the company [14]
  • Some Match Group dating apps are pushing users to call their Senators to pass the Violence Against Women Act. When users log in, with “one click” they can send a pre-written email to their Senators that says the passing of the bill is necessary for survivors of violence to obtain resources to aid in their recovery. [17]
  • Match Group has agreed to pay $441 million in a settlement with some of Tinder’s former employees and founders, shutting down the lengthy trial before closing arguments. [18]
• Finances
  • Match Group shared its fourth quarter 2020 earnings: [1]
    • Had revenue of $651.4 million which is up from $547.2 million. Analysts had been projecting $649 million.
    • Reported net income of $140.6 million, up from $94.7 million this time in the previous year.
    • Expects revenue of $2.75 billion to $2.85 billion for 2021<./li>
    • Match Group plans to continue to invest in “product development, geographic expansion, and safety features on its apps”.
    • Match Group saw strong first-time subscriber growth in 2020. This performance varied by region and was influenced by the number of COVID-19 cases the region had. The more cases a region had, the more subscribers Match Group brands on average saw.
    • Tinder generated about $1.4 billion in revenue in 2020, up 18% from 2019.
    • Hinge had a strong performance, with full-year revenue up threefold and global downloads up a whopping 63% compared to 2019.
  • Match Group has acquired Hyperconnect: [2]
    • Match Group purchased the company for $1.7 billion in stock and cash.
    • Hyperconnect is based in Seoul and has two main apps, Azar and Hakuna Live, two social discovery sites where people with similar interests can meet and connect.
    • Hyperconnect has brought in over $200 million in revenue in the last year, up 50% from 2019.
    • The deal is expected to close in the second quarter of 2021.
  • Japan has become Match Group’s second-highest grossing market after the United States, with revenue growing more than 600% in the past five years. [2]
  • Match Group shared its first quarter 2021 earnings: [5]
    • Match Group’s stock rose after details of its first quarter earnings report were announced. Shares were up 5.3% to $146.30 according to recent trading reports.
    • Revenue of $668 million was posted for this quarter, up from forecasts of $650.7 million. And profits were up 57 cents a share, higher than the expected 40 cents per share.
    • Tinder reported 18% growth in revenue.
    • Subscribers rose 11.2% to 11.1 million in the first quarter, and average revenue was up 9%.
    • For the second quarter of 2021 Match Group analysts forecast revenue of $681 million
  • The Hyperconnect acquisition by Match Group officially closed in mid-June. [9]
  • Match Group shared its second quarter 2021 earnings: [10]
    • Revenues increasing 27.7% since this time last year, up to $707.8 million.
    • Q2 earnings fell to $.46 per share, down 14.8% from last year.
    • Total number of subscribers also rose 15% year over year, with users in the Americas, Europe and Asia-Pacific increasing 16%, 13% and 17 percent respectively.
  • Match Group has created a relief fund for people in Texas affected by the new abortion ban (SB8). CEO Shar Dubey announced that she will personally finance and help the company’s Texas-based employees receive out of state care if they need it. [11]
  • Shares for Match Group soared in early September, following the company’s new listing to the S&P 500. [12]
  • Match Group shared its third quarter earnings and fourth quarter targets: [16]
    • Third quarter, revenue rose 25%, but missed expectations.
    • Match Group added 16.3 million paid users and revenue per person rose 8% in Q3.
    • Match Group adjusted fourth quarter earnings revenue between $810 and $820 million, below analysts’ forecast of $838.5 million.
    • Expects revenue for 2021 to be around $3 billion.

References

1. Match Group Delivers Q4 Results with Cautiously Optimistic Projections for 2021
2. Match Group Makes 1.7 Billion Acquisition of Social Media Company
3. Match Group Testifies Against Google and Apple for Allowing Underage Users on Its Apps
4. Australia’s NSW Police in Talks with Match Group About New Safety Proposals
5. Match Group Stock Rises After First Quarter Earnings Report
6. Seniors are Flocking to Dating Apps According to New Study
7. New Motion Brought Against Match Group and IAC 
8. Match Group Pays Two Million in Settlements
9. Match Group Announces New Audio and Video Features for Its Apps
10. Dating App Users Reached an All-Time High in July
11. Bumble and Tinder CEOs Launch Funds to Assist Those Affected by Texas Abortion Law
12. Match Group Shares Rise Following News of S&P 500 and Loosening of App Store Rules 
13. Match Group Unveils New Website and Logo
14. Internal Company Emails Made Public Ahead of Match Group’s Trial
15. Match Group Testing Avatar-Based “Metaverse” for Its Dating Apps
16. Match Group Lowers Q4 Revenue Targets as Covid Impacts Asian Market  
17. Match Group Apps Push for Senate to Pass Violence Against Women Act
18. Match Group to Pay $441 Million to Tinder Founders in Settlement

2020

• General Information
  • Match Group has invested in and partnered with Noonlight to roll out a series of safety tools across its dating apps. This includes a “panic” button for emergencies. [1]
  • Match Group CEO Mandy Ginsberg has stepped down from her role at the company for health and personal reasons. Match Group’s president Shar Dubey, will take over March 1st. [2]
  • The process of separating Match Group from its parent company IAC is expected to close in Q2 of this year. [2]
  • OurTime has seen a 146% increase in active users in the past two years, and 63% of its members have registered over their phones. [3]
  • Rumors circulated in February that Match Group had offered itself to The Meet Group as a potential acquisition. Apparently Match Group had concerns about its ability to function as an independent company following its split from IAC/InterActiveCorp. (Note: This is surprising to say the least since the Match group is worth many times more than the Meet Group). [6]
  • Match Group has rolled out a free “Dating While Distancing” hotline for its users that is staffed by its experts for twelve hours per day. [7]
  • Match Group has offered video chat features in the past and seen low usage, but they think this time user behavior is likely to change more permanently. [8]
  • More live video chat features will be coming to Match Group brands including 1:1 video chatting for Match. Live streaming has already rolled out for POF and Twoo. [8]
  • Some product features and marketing campaigns have been delayed due to Covid-19. [8]
  • Match Group joins several prominent tech companies including Spotify, Epic Games and Tile to rally app developers against App Store policies and to create a fairer marketplace. Currently Apple charges companies a 30% commission on purchases customers make. [12]
  • Tracey Breeden is to be the new Head of Safety and Social Advocacy at Match Group. [13]
  • BLK has become one of the fastest-growing apps for Match Group. BLK launched in 2017, and since has grown to over four million users. During the pandemic BLK has seen a 38% increase in activity month over month. [17]
  • Match Group has partnered with RAINN, the largest anti-sexual violence organization in the United States. The purpose of this partnership is to help combat sexual assault on its dating platforms. [18]
  • Match Group controls 60% of the dating app market. [19]
• Members
  • Average Subscribers for all properties increased 19% over the last quarter to 9.8 million. [5]
• Finances
  • Total Revenue for all Match Group properties grew 19% over the prior year to $2.1 billion. Tinder earned over half of the revenue. [5]
  • Match Group has warned investors while user engagement is up, revenue hasn’t increased along with it. [8]
  • Match Group expects its Q1 results to be in the low end of the range they initially predicted, and expects Q2 revenue to fall short as well. [8]
  • 2nd quarter earnings grew 15% year over year, and an 18% increase in subscribers year over year. The earnings report for Match Group also shows an increase in subscribers and downloads over pre-pandemic levels. [9]
  • Match Group saw a 2nd quarter profit of $103.1 million on sales of $555.5 million, compared to $498 million in sales the same time last year and exceeding Match’s expectations from three months ago when it predicted a decline. [9]
  • Match Group is projecting another increase to $600 million or more for Q3 of 2020. [9]
  • Match Group CEO Shar Dubey voiced criticism of tech giant Apple’s policies in regard to their app store. [10]
  • Match Group is concentrating on creating new growth with their other dating brands (besides Tinder). [11]
  • Match Group is adding new safety functions to its dating apps so that victims of assault can get responses and assistance when they report abuse. [14]
  • Match Group beat expectations and reported revenue of $639.8 million with a net income of $132.1 million for the Q3 of 2020. [15]
  • Match Group reported 3rd quarter earnings of 45 cents per share, which was a decline of 13% from third quarter 2019. [16]
  • Internationally in Q3, the subscriber base for Match Group dating services grew 16% to 5.7 million. [16]
• Legal
  • U.S. House of Representatives is investigating several US dating companies including Match Group following a report that found underage users and sex offenders were using dating apps. The House Oversight and Reform subcommittee on economic and consumer policy sent a letter asking for information on users ages, procedures for verifying ages, and any complaints about assaults, rape or the use of the services by minors. [4]
  • Match Group has setup The Match Group Advisory Council which is a group of experts and advocates involved in the study and prevention of sexual assault, sex trafficking and other similar issues. [14]

References

1. Match Group Partners with Noonlight to Launch Panic Button and Other Safety Features
2. Match Group CEO Mandy Ginsberg Steps Down
3. Boomers Are Gravitating to Dating Apps Catering to Older Daters
4. Dating Apps Face Investigation by US House of Representatives Over Safety Issues
5. Match Group Reports Fourth Quarter And Full Year 2019 Results
6. The Meet Group Announces Acquisition by ProSiebenSat.1 Media SE
7. Tinder and Bumble See Increased Activity During Pandemic
8. Match Group Sees Spike in Usage, But Not Revenue
9. Match Group Exceeds Revenue Expectations in Q2
10. Match Group Steps up Criticism of Apple Policies
11. Hinge Aims to Triple Its Revenue in 2020
12. Match Group, Spotify and Epic Games are Rallying App Companies Against App Store Policies
13. Match Group Appoints Head of Safety and Social Advocacy
14. Match Group Adds to Safety Policies Following Reports of Abuse
15. Match Group Exceeds Revenue Expectations for Q3
16. Match Group Earnings Up Almost 4 Percent from Last Quarter
17. BLK For Black Daters is Rising Star of Match Group Apps
18. Match Group Partners with RAINN and Announces New Safety Feature
19. Brookings Institute Says Dating App Privacy Has Become an Increasing Concern

2019

• General Information
  • Match Group acquires 100% of the dating app Hinge. In June 2018 they had purchased 51% of the app. [3]
  • Match Group announced some changes in key leadership and company structure with its new focus on the Asian market. [5]
  • People Media has merged SeniorPeopleMeet with OurTime. All information has been transferred over. The SeniorPeopleMeet apps have been removed and the website closed. [9]
  • Match Group announced the launch of its new app Pairs Engaged in Japan. This app is a marriage concierge service designed to compete with the country’s popular arranged marriage industry. [12]
  • IAC has entered into a definitive agreement providing for the full separation of Match Group from IAC’s remaining businesses. The transaction will result in IAC and Match Group becoming two independent public companies. Pending approval, the transaction is expected to close in the second quarter of 2020. [21]
• Finances
  • The Match Group of dating services have a total of 8.2 million subscribers by the end of quarter 4 2018. [3]
  • Match Group’s quarter 4, 2018 exceeded revenue expectations caused their stock to rise 5%. [3]
  • Since Tinder’s valuation in 2017, Match Group stock has increased more than 200%. [4]
  • Tinder accounted for nearly half of Match Group’s revenue in 2018. [4]
  • CEO of Match Group hopes that in five years’ time, a quarter of their revenue will come from Asia. [5]
  • Currently, half of Match Group’s revenue comes from outside the U.S. [5]
  • Match Group’s total average subscribers increased 16% to 8.6 million in quarter 1 of 2019, up from 7.4 million a year ago. [6]
  • Match Group said in its Q1 earnings statement that total quarterly revenue grew 14% year over year to $465 million. [6]
  • Match Group revenue rose about 18% to $498 million for quarter 2, 2019, about $10 million higher than forecast. [10]
  • Match Group grew its average subscriber base 40.5% to 5.2 million for quarter 2, 2019. [10]
  • Match Group stock rose 17% based on the good news found in the Quarter 2 financial report. [10]
  • The Egyptian online dating startup Harmonica has been acquired by Match Group for an undisclosed sum. [11]
  • Match Group saw its shares fall 5% on the day Facebook Dating was launched (Sept 5th). [14]
  • With Match Groups exceptional earnings in the second quarter of 2019, its stock has risen 70% this year. [18]
  • IAC has announced its plan to spin off its most profitable company, Match Group, to create two independent public companies. Match Group’s dual class stock structure would also be eliminated, creating a single-class stock. [18]
  • Match Group total operating expenses rose 20% to $364.9 million in the third quarter. They saw a 19% growth in average subscribers across all its apps to 9.6 million, which includes an increase of about 29% in international markets. [20]
  • Shares of Match Group fell 15% after the company announced it will miss revenue goals for the fourth quarter. Shares of IAC also fell by 11%. [20]
  • Match Group expects fourth quarter revenue to be between $545 and $555 million, short of the $559.3 million goal. [20]
• Legal
  • A Judge of the U.S. District Court for the Western District of Texas denied Bumble's claim that the Match Group patents in question are ineligible for patenting under Section 101 of the Patent Act. [1]
  • Match Group have filed a lawsuit accusing Tinder co-founder and former CEO Sean Rad of stealing company files and other proprietary information. The lawsuit claims at least $250 million in damages. [2]
  • Sean Rad asked the Supreme Court for a motion to dismiss Match Group’s lawsuit, because he claims that his contract gave him the right to back up internal emails even after he left the company. [4]
  • Back in May 2018 Match Group settled their dispute with Tantan over the similarities to its technology and interface. Tantan agreed to pay Match Group royalties in a settlement. [7]
  • IAC’s motion to dismiss the case of Tinder co-founder Sean Rad’s $2 billion lawsuit was denied by a New York Supreme Court judge. [8]
  • Former Tinder VP of marketing and communications, Rosette Pambakian filed a lawsuit in August, accusing the former CEO of Match Group and Tinder, Gregory Blatt, of harassing and sexually assaulting her at a company holiday party in 2016. [13]
  • The Federal Trade Commission (FTC) announced it is suing Match Group for using fake notifications to trick users into paying for subscriptions to Match.com. The FTC also alleges that Match Group unfairly exposed consumers to the risk of fraud and engaged in other allegedly deceptive and unfair practices to induce users to subscribe and keep them subscribed to the dating service. [15]
  • IAC is accusing Tinder co-founder Rad of paying millions of dollars to two then-current Tinder employees in exchange for testimony supporting his claims against Match Group. [16]
  • Match Group responds to the FTC regarding the allegations and states that the FTC has misrepresented internal emails and relied on cherry-picked data to make outrageous claims. [17]
  • A state appeals court unanimously rejected IAC/InterActiveCorp’s motion to dismiss the lawsuit filed by Tinder founders and early employees who say IAC undervalued Tinder to avoid paying them billions of dollars. [19]

References

1. Judge Rules Tinder's Swiping Interface Is Eligible For Patenting
2. IAC Sues Tinder Co-Founder Sean Rad, Seeks $250 Million In Damages
3. Match Group Stock Rises, Fully Acquires Dating App Hinge
4. Tinder Co-Founder Asks Court to Dismiss Match Group Suit
5. Match Group Focuses on Asian Market In Restructure
6. Match Group Stock Awards Payment Could Help Tinder Co-Founder’s Lawsuit
7. Tantan Dating App Removed from Chinese App Store
8. Tinder Co-Founder’s Lawsuit Against IAC Moves Closer To Trial After Motion To Dismiss Is Denied
9. SeniorPeopleMeet Has Been Merged with OurTime
10. Match Group Stock Up 17% Thanks to Tinder
11. Match Group Acquires Egyptian Dating Startup Harmonica
12. Match Group Launches New App in Japan to Compete with Arranged Marriage Industry
13. Fomer Tinder Exec Files New Lawsuit Alleging Sexual Assault By Ex-CEO
14. Facebook Dating Launches in US as Privacy Concerns Loom
15. FTC Sues Match Group For Fraud
16. Tinder’s Latest Legal Entanglements: Trademark Infringement and Alleged Illegal Payoffs
17. Match.com Responds To FTC Lawsuit And Fraud Allegations
18. IAC Plans to Spin Off Match Group
19. NY Appeals Court Rules Against IAC’s Bid To Dismiss Tinder Founders’ $2B Lawsuit
20. Match Group Stock Take a Hit as Company Misses Revenue Goals 
21. IAC And Match Group Officially Announce Separation

2018

• General Information
  • Match Group announced a new app called Ripple for those wanting to network for career opportunities. [1]
  • Match Group said that a new privacy policy will roll out in the next few months to comply with the EU’s General Data Protection Regulation (GDPR). [4]
  • DateHookup.com which is owned by Match Group has gone offline in early May. [6]
  • It has been confirmed DateHookup.com has closed. It was suppose to happen on May 9th, 2018. [7]
  • Match Group has launched a new app called Crown which offers a game-like format for online dating. [10]
  • Hinge launches new AI matching feature called "Most Compatible" which uses machine learning. [11]
  • CEO Mandy Ginsberg cites several reasons that Match Group does not have much to worry about regarding Facebook entering the dating market. She mentions demographics, privacy concerns, and advertising strategy. [12]
  • Match Group has decided to embrace the hook-up reputation of Tinder to attract younger users and make Hinge make the anti-Tinder for older users looking fro a more serious relationship. [20]
• Finances
  • After Facebook revealed they are working on a new dating feature for their service shares of Match Group fell as much as 19%. Shares of IAC/InterActiveCorp, (owner of Match Group), also fell 11%. [5]
  • Match Group Releases Q1 2018 Earning Results: [8]
    • Match Group revenue grew 36% (up from 28% in Q4 2017) to $407 million
    • Operating income increased 91% to $112.2 million and Adjusted EBITDA increased 60% to $137.7 million.
    • Tinder Average Subscribers were 3.5 million in Q1 2018 which is an increase of 368,000. Tinder year-over-year revenue growth in the first quarter exceeded 150%.
    • Match Group has raised its full-year financial outlook, which includes total revenue of $1.6 billion to $1.7 billion, up from a previous forecast of $1.5 billion to $1.6 billion
  • Match Group started purchasing shares of Hinge in September of 2017 and as of now (June, 2018) have purchased a 51% stake in the dating app. They have an option to purchase the additional shares within 1 year. [9]
  • 5% of Match Group revenue comes from advertising. [12]
  • Match Group reported quarter 2 earnings of $421 million, exceeding industry analyst expectations. [13]
  • Match Group expects to earn $1.72 billion this year, with Tinder expected to exceed $800 million in revenue. [13]
  • Match Group’s subscribers for all apps total about 7.7 million. [13]
  • Shares of Match Group fell 2.6% immediately after the Tinder lawsuit by current and former employees was announced. [15]
  • Analysts are targeting a price point of $66 for Match Group stock, based mostly on the incredible revenue growth of Tinder. [17]
  • Match Group reported revenue of $444 million in quarter 3 and expects revenue of $1.72 billion for the year. This is an increase of 29% over Q3 in 2017. [19]
  • After release of quarter 3 financial statements, Match Group stock fell 10% due to revenue projections of quarter 4. Higher-than-anticipated spending on marketing for its dating apps was the reason for the decrease. [19]
  • Match Group’s suite of apps have a total of 8.1 million subscribers in quarter 3. [19]
• Legal
  • Match Group is suing Bumble for patent infringement related to their Tinder App. [2]
  • Bumble has filed a $400 million lawsuit against Match Group accusing them of interfering with its business operations. [3]
  • 10 former and current Tinder employees including some co-founders are suing Match Group saying that they purposefully merged Tinder into Match Group in 2017 to avoid valuating Tinder stock separately at later dates when employees would have a chance to exercise their stock options. [14]
  • Match Group is also being investigated by the former attorney General of Louisiana Charles Foti of Kahn Swick & Foti, LLC for alleged violations of state or federal law. [15]
  • Bumble has announced it is no longer open to settling privately with Match Group. Bumble have now served Match Group with court papers. [16]
  • Match Group has a motion to dismiss the lawsuit by Tinder employees. They say Sean Rad was part of the evaluation process and shares in the responsibility for the company being undervalued. [18]

References

1. Match Group Launches New App to Compete with LinkedIn
2. Tinder's Parent Company Match Group Is Suing Bumble For Patent Infringement
3. Bumble Suing Match Group for $400 Million
4. Privacy Fears Renew After Deleted Match.com Profiles Mysteriously Reappear
5. Facebook Is Finally Getting Into The Online Dating Game
6. Has DateHookup.com Closed?
7. Confirmed DateHookup has Discontinued Services
8. Match Group Releases Impressive Q1 2018 Earning Results
9. Match Group Buys Rival Dating App Hinge
10. Match Group Launches Crown, a New Game-Like Dating App
11. Hinge Using AI to Give You Better Matches
12. Match Group CEO Speaks Out On Competition From Bumble And Facebook
13. Match Group Sees $421 Million in Revenue for Q2
14. Tinder Employees Sue Match Group for $2 Billion
15. Tinder Co-Founder Claims in Lawsuit He Was Forced to Sell His Company Shares
16. Bumble Moves Forward With Match Group Countersuit, Sets Sights On IPO
17. Analysts Project Online Dating Industry Worth $12 billion by 2020
18. Match Group Disputes Claim It Intentionally Undervalued Tinder
19. Match Group Stock Falls Despite Tinder Revenue Growth
20. Match Group Aims to Diversify Their Apps by Embracing Both Hookups and Relationships

2017

• Finances
  • For quarter 4 2016 the Match Group gross revenue was $295 million. This is a 22% increase over quarter 4 of 2015. [1]
  • For the full year 2016, Match reported revenue of $1.22 billion, up 15%. Match has a market capitalization of $5.1 billion. [2]
  • It was reported Match Group made an offer to buy the Bumble dating app for $450 million. [3]
  • Match Group stock has jumped more than 50% since the beginning of the year. [4]
  • Match Group has $500 million in cash and a market cap of under $8 billion. [6]
  • It is rumored that Match Group is still in talks with Bumble to acquire the service for $1 Billion. [6]
• Members
  • Match Group’s market share is estimated to be 25.7%. No other competitor comes close to Match Group of sites (which includes Match, Tinder, POF, OkCupid, etc..). [5]
  • Match Group has 74% of the total unique monthly visitors to the top six online dating websites. [5]

References

1. Match Group Reports Fourth Quarter and Full Year 2016 Results
2. Match Group Banks On Tinder To Lead It Into The Future
3. Match Group Makes an Offer to Acquire Bumble
4. Match Investors Anticipate Company’s Plans Beyond Tinder
5. Why Match Group Remains A Market Leader In A Volatile Industry
6. Will Match Group Acquire Bumble for One Billion?

2016

• Finances
  • Total revenue for Q4 2015 was $268 million. This is up 15% compared to the same time period in 2014. Net income for the quarter was $35.6 million, a 26% decrease from Q4 in 2014. [1]
  • Total revenue for Q1 2016 was $285 million. This rose 21% compared to Q1, 2015. Dating revenue grew 24% thanks to Tinder and Plenty of Fish. [2]

References

1. Match Group Releases Q4 2015 Financial Results
2. Match Group Reports Strong Q1 2016 Financial Results

2015

• Members
  • The average age of men who join during the busy season is 35. [5]
  • During the busy season this year Match saw an increase of certain groups joining. Some of these groups include Single Parents (up 45%), Singles who work in Education (up 46%), Curvy Single Women (up 50%), and Singles Quitting Smoking (up 45%). [5]
  • The biggest user group at Match.com is the age range of 25-44. [7]
  • Members sent more than 415 million emails last year. [7]
  • The Match Group (all of IAC's dating sites) claims to have 59 million users which 4.7 million pay for the dating service. [6]
• Finances
  • Revenue for the fourth quarter of 2014 for The Match Group increased 15%. [1]
  • Globally the Match Group had 3.5 million subscribers for the year 2014. This is a 4% increase over 2013. [1]
  • Match.com, Tinder, POF, OkCupid, etc.. is part of a IAC subsidiary called The Match Group. The Match Group plans to file for an IPO soon. [2]
  • Match Group purchases POF.com for $575 million. [3]
  • The Match Group plans to issue only about 20% of common stock for its IPO which should happen in the fourth quarter of 2015. [4]
  • Revenue for the second quarter of 2015 for The Match Group increased 19%. [5]
  • The number of paid subscribers for the combined services of the Match Group grew 18% to 4.1 million in the second quarter of 2015. [5]
  • Match Group filed for an IPO of common stock with U.S. regulators on October 16 with an offering amount of $100 million. Their ticker symbol will be "MTCH" on NASDAQ. [6]
  • In quarter 3 the Match Group revenue increased 19%, or 25% excluding the effects of foreign exchange, to $274.2 million. [7]
  • By December the PlentyOfFish (POF) acquisition will be completed. [7]
  • After acquiring POF, the Match Group portfolio of dating services now has over 59 million monthly active users and 4.7 million paying users. [7]

References

1. IAC Reports Q4 2014 Results
2. Tinder, Match and OkCupid to launch IPO
3. Match.com Acquires Plenty of Fish (POF) for $575 Million
4. Tinder, Match, and OkCupid Prepare For IPO
5. IAC Reports Better-Than-Expected Q2 2015 Results
6. Match Group, Parent Of OkCupid And Tinder, Files For IPO
7. IAC Releases Q3 2015 Financial Results And More IPO Details

2014

• General Information
  • IAC plans to spin it's dating site holdings into a separate company called Match Group in 2014. [1]
  • The group of sites owned by IAC (Match.com, OkCupid, How About We, ...) have 30 million active members which 3.4 million are paying subscribers. [6]
• Finances
  • Quarter 4 revenue from 2013 is $203.9 million. [2]
  • IAC/InterActiveCorp bought back 10% of mobile dating service Tinder. [3]
  • Quarter 1 revenue from 2014 is $740.2 million. [4]
  • IAC has purchased the How About We dating service (not the couples portion). [5]
  • Quarter 2, 2014 revenue grew 8% and subscribers grew 10% to 3.5 million (world wide). [6]
  • The Match Group revenue increased 12%, driven by 9% growth in paid subscribers to its dating websites. [7]

References

1. Big Changes Are Ahead For Match.com
2. IAC/InterActiveCorp Releases Fourth Quarter 2014 Financials
3. Is Tinder Worth $5B? IAC Says No
4. IAC Reports Q1 2014 Results
5. Dating Giant IAC Buys How About We
6. IAC Continues To Make Big Moves In The Online Dating World
7. IAC Reports Q3 2014 Results

2012

• General Information
  • IAC acquires DateHookup.com. [1]
  • Co-founder of OkCupid, Sam Yagan is named CEO of IACs Match segment. [2]
  • IAC released a statement saying that they are not interested in purchasing Cupid plc which is based in Europe. [3]

References

1. DateHookup.com Purchased by Match.com Owners
2. Co-Founder and CEO of OkCupid Named CEO of Match
3. Match.com Not Interested in Cupid

2011

• General Information
  • Match.com acquires OKCupid.com for $50 million. [1]
  • IAC launches a new dating service called OurTime.com which is designed for singles 50-plus. [4]
• Finances
  • Quarter 4 revenue from 2010 is $108.3 million. [2]
  • Quarter 1 revenue from 2011 is $111.6 million. [3]
• Members
  • In Q4 2010, IAC dating sites had 1,789,000 paying subscribers. [2]
  • In Q1 2011, IAC dating sites had 1,924,000 paying subscribers. [3]

References

1. Match.com Acquires OKCupid for $50 Million
2. Match.com Fourth Quarter 2010 Financials
3. Match.com First Quarter 2011 Financials
4. OurTime.com for Singles 50-Plus

2010

• General Information
  • Match.com press release informs us that IAC will be acquiring Singlesnet.com. [2]
  • On Match.com Australia over 80,000 profiles are viewed everyday and over 16,000 communication messages get sent (= 6.5 million a year). [12]
• Finances
  • Quarter 4 revenue from 2009 is $83.3 million. [1]
  • Quarter 1 revenue from 2010 is $89.3 million. [3]
  • Quarter 2 revenue from 2010 is $97 million. [4]
  • Quarter 3 revenue from 2010 is $106 million for IACs Match segment. [5]
• Members
  • In Q4 2009, IAC dating sites had 1,377,000 paying subscribers. [1]
  • In Q1 2010, IAC dating sites had 1,585,000 paying subscribers. [3]
  • 67% of Australian singles on Match.com have never been married. 59% are looking for a non-smoker and 90% are okay with someone who drinks. [12]
  • In Q2 2010, IAC dating sites had 1,716,000 paying subscribers. [4]
  • In Q3 2010, IAC dating sites had 1,813,000 paying subscribers. [5]

References

1. Match.com Fourth Quarter 2009 Financials
2. Match.com will Acquire Singlesnet
3. Match.com First Quarter 2010 Financials
4. Match.com Second Quarter 2010 Financials
5. Match.com Third Quarter 2010 Financials

2009

• General Information
  • Launch a free dating service called DownToEarth.com which targets college aged singles. [1]
  • Barry Diller, CEO of IAC (parent company of Match.com) says they are in talks to possibly buy Yahoo! Personals. [5]
  • IAC agrees to buy People Media for $80 million. This will add 27 additional dating sites and more than 255 thousand paying subscribers to IAC's network of dating sites. [7]
  • DownToEarth.com is relaunched as Stir.com, becoming a social networking club scene website. [10]
• Members
  • In Q1 IAC dating services had 1,438,000 paying subscribers. [3]
  • In Q2 IAC dating services had 1,156,000 paying subscribers. [9]
  • We estimate that Match.com European Operation had 291,000 paid subscribers in quarter 2 2009. [9]
  • Q3 paying subscription numbers are at 1,403 million members. [11]
• Finances
  • Sold 100% of European Operations to Meetic. [2]
    • For the deal IAC received a 27 percent share in Meetic and a 5 million euro note. Additional terms have not been released.
    • Match.com will go from having operations in 40 countries down to 24.
    • Match.com has the option to buy Meetic in about three years. [4]
    • IAC completes the transaction with Meetic on June 5th, 2009. [6]
  • Quarter 1 revenue is $90.1 million. [3]
  • IAC completes purchase of People Media for a total of $72 million USD. [8]
  • Quarter 2 revenue is $88.3 million. [9]
  • It appears that about 13% of Match.com's revenue came from their European Operations. [9]
  • Quarter 3 revenue is $81 million, a 13% drop due to the sale of Match Europe. [11]

References

1. DownToEarth.com Targets College Aged Singles
2. Match.com Sells EU Business to Meetic
3. Match.com First Quarter 2009 Financials
4. Consolidation in the UK Dating World
5. Owner of Match.com in Talks to Buy Yahoo Personals
6. IAC Completes Transaction with Meetic
7. Match.com (IAC) Agrees to Buy People Media
8. American Capital completes sale of People Media to Match.com
9. Match.com Second Quarter 2009 Financials
10. DownToEarth.com Becomes Stir.com
11. Match.com Third Quarter 2009 Financials

2008

• Members
  • Number of paying members for quarter 2 of 2008 is 1,326,500. This is a 1 percent increase from Q2, 2007. [1]
    • Remember this is total number of paid members during a 3 month period. This isn't a total number of paid members at any one time. An unknown percentage of these paid members would have bought only a 1 month subscription.
  • In Q3 IAC dating sites had 1,342,100 paying subscribers. [2]
  • In Q4 IAC dating sites had 1,347,300 paying subscribers. [3]
• Finances
  • Quarter 4 revenue is $88.1 million. [3]
  • Quarter 3 revenue is $93.5 million. [2]
  • Quarter 2 revenue is $93.3 million. [4]
  • Quarter 1 revenue is $90.5 million. [5]

References

1. InterActiveCorp Q2 Results Press Release
2. Match.com Third Quarter 2008 Financials
3. Match.com Fourth Quarter 2008 Financials
4. How Much did Dating Sites Spend on Ads in 2007?
5. InterActiveCorp Press Release

2007

• Finances
  • Revenue for the year is $349 million with 78 million in profit. [1]
  • 30% of revenue came from overseas. [2]
  • Quarter 1 revenue is $82.4 million. [3]
  • A total of $145.5 million spent on Advertising in 2007. [4]
  • Match.com International saw a pre-tax profit of £3.67m ($5.6 million US) in the year to December 31 2007. [5]
• Members
  • 1.35 million paying subscribers. [2]
  • Only a 1% increase in subscribers over 2006. [2]
  • Number of paying members for quarter 2 of 2007 is 1,312,800. [6]

References

1. Times Online UK
2. Dallas News
3. InterActiveCorp Press Release
4. How Much did Dating Sites Spend on Ads in 2007?
5. European Dating Sites See Membership Increase in Recession
6. InterActiveCorp Q2 Results Press Release

2006

• Finances
  • Revenue for 2006 listed at $311.2 million. [1]
  • Match.com International saw a loss of £2.19m ($3.4 million US). [2]
• Members
  • 25% increase in subscribers over 2005. [3]

References

1. Hoovers
2. European Dating Sites See Membership Increase in Recession
3. Dallas News

---

Return to Online Dating Statistics & Facts