Match Group Inc (NASDAQ:MTCH) shares surged almost 12% as the Tinder and Hinge parent company reported better-than-expected revenue for the second quarter.
Revenue was flat year-over-year at $864 million, yet above the Wall Street consensus of $853.2 million.
Earnings per share (EPS) of $0.49 were in line with estimates.
A 5% year-over-year decline in paying users to 14.1 million was partially offset by a 5% increase in revenue per paying user to $20.
For Q3, Match Group guided revenue between $910 million and $920 million, representing a 2% to 3% year-over-year increase and surpassing analyst estimates of $889 million.
The company also said it plans to reinvest approximately $50 million in the second half of 2025 into strategic initiatives such as product testing at Tinder, geographic expansion for Hinge and other brands, plus early-stage investments in new dating concepts.
"With meaningful product progress at Tinder, strong momentum at Hinge, and a portfolio of distinct brands aligned around user needs, we're building a product-first company positioned for long-term success,” Match CEO Spencer Rascoff said in a statement.
“We are also working to spark a resurgence of trust, relevance, and confidence among both our users and investors.”
Shares of Match Group added 11.8% just shy of $38.