MTCH

LONGINSIDER SELL

MATCH GROUP INC NEW

Funds

Score

4.50

vs SPY

+2.1%

Stock return (since Q-end)

+18.4%

SPY return (since Q-end)

+16.3%

Current price

$36.13

News Summary

Neutral

Match Group delivered a strong Q1 2026 beat with 12% EPS upside and 25% EBITDA growth, driven by margin expansion and the Sniffies $100M investment positioning the company in high-growth segments. However, persistent headwinds at Azar (App Store disruption), cautious 2026 guidance embedding a $20M Q2 headwind, and Tinder's continued user/payer declines despite stabilizing engagement temper the narrative—the company remains in recovery mode with valuation dependent on proving Tinder turnaround at scale.

Red flags

•Tinder MAUs and payers still declining YoY despite stabilizing engagement; no confirmed payer growth yet
•Azar revenue pressure from App Store reinstatement changes; $20M headwind embedded in Q2 guidance
•Cautious full-year 2026 revenue outlook with embedded headwinds suggests management uncertainty
•Hinge strong but 'not yet scale-defining'; core Tinder recovery timeline extends to 2027
•64% of analysts rate as Hold with valuation re-rating dependent on Tinder payer growth consistency

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Starboard Value	Jeff Smith	11.4M	+11.4M	$350.0B	—	NEW
Point72	Steve Cohen	307K	+307K	$9.4B	—	NEW
Maverick Capital	Lee Ainslie	35K	+35K	$1.1B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Brenner Melissa Anne	—	SELL	5K	$35.94	$0.18M	2026-05-08