Match Group rises on Q2 beat, Hinge strength

Match

06/08/2025 09:30

** Shares of Tinder-parent Match Group MTCH.O up ~6% at $35.70 in premarket trading

** Co's second-quarter revenue exceeded Street expectations, driven by strong performance of Hinge and renewed strategic focus under new CEO Spencer Rascoff

** RBC Capital Markets raises PT to $39 from $35, maintains "outperform"

** Brokerage cites Match’s renewed focus on audience growth as a positive shift, alongside efforts to improve transparency through enhanced disclosures

** Co posted Q2 revenue of $864 million, above expectations of $853.6 million, according to data compiled by LSEG

** Match, which owns Hinge, continues to see strong gains from app’s outperformance, key contributor to its valuation - RBC

** On average, MTCH rated "hold"; median PT $34.5 - data compiled by LSEG

** As of Tuesday's close, the stock was up ~3.1% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))