PR NEWSWIRE - Match Group reported a total 2024 revenue of $3.5B in 2024, a 3% increase YOY, with a net income of $823M, down 10%. Adjusted operating income remained flat at $1.3B. The company saw a 5% decline in total payers to 14.9M, but revenue per payer (RPP) increased by 8% to $19.12. Tinder generated $1.9B in revenue in 2024, growing 1% YOY, while its net income declined 7% to $889M. Hinge experienced significant growth, with revenue reaching $550M, a 39% increase, while net income rose 64% to $121M and adjusted operating income jumped 55% to $166M. Hinge's payers grew 23% to 1.5M, and RPP increased 13% to $29.94. Match Group's other properties, including Evergreen & Emerging brands and Match Group Asia, saw mixed performance. Evergreen & Emerging brands reported $643M in revenue, a 7% decline. Match Group Asia posted $284M in revenue, down 6%, and an operating loss of $32M.
Q4 Results: Match Group reported Q4 2024 revenue of $860M, a 1% decline YOY. Tinder generated $476M, down 3%, while Hinge saw strong growth with $148M in revenue, up 27%.
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