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3w ago

Match Group Tops Q2 Forecast, Doubles Down on AI as Bumble User Base Slides

The company raised its Q3 revenue outlook after investors cheered early returns on AI-powered matchmaking

The Bumble logo is seen on a smartphone in front of a stock graph in this illustration taken February 11, 2021. REUTERS/Dado Ruvic/Illustration
Match Group logo and stock graph are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • Match Group posted $864 million in Q2 revenue, topping forecasts, but total paying users declined 5 percent to 14.1 million.
  • Hinge drove the beat with $168 million in Q2 revenue, a 25 percent year-over-year increase, and grew its paying user base by 18 percent to 1.7 million.
  • Tinder’s revenue slipped 4 percent to $461 million as the app prepares a broader redesign and new “modes” aimed at Gen Z users.
  • The company plans to invest about $50 million in H2 2025 on AI-powered discovery tools, product testing and geographic expansion while guiding Q3 revenue to $910 million–$920 million.
  • Bumble’s paying users dropped 8.7 percent to 3.8 million in Q2, sending its shares down over 6 percent amid doubts about the pace of its AI revamp.