Match Group, Inc.

Match Group, Inc. is the world's largest online dating company by revenue, operating a portfolio of brands led by Tinder, Hinge, Match.com, Meetic, OkCupid, Plenty of Fish, Pairs, and Azar, which together generated $3.49 billion in revenue in fiscal 2025. The company's apps facilitate connections across the spectrum of user intent — from casual discovery to serious relationships — and reach roughly 13.5 million paying users across more than 40 languages and 190 countries.

This is a story about a dominant franchise in transition. Tinder, which contributes more than half of segment profits, is navigating a product-led turnaround after several years of declining user engagement among its core Gen Z audience. At the same time, Hinge is scaling rapidly with a differentiated focus on intentional dating, the company is reshaping its portfolio toward specific underserved communities, and management is extracting structural efficiencies through a "One Match Group" operating model. The file turns on a single question: whether Tinder's turnaround arrives before the erosion in its legacy user base consumes the portfolio's consolidated earnings power.