Successful Reorganization for Efficiency
Match Group announced a reorganization aiming to centralize key functions and reduce workforce by 13%, resulting in $100 million in annualized savings, including $45 million in 2025 in-year savings.
Tinder Product Innovations
New features like Double Date and The Game Game have shown positive engagement, with Double Date profiles being 90% under age 29 and new AI-based matching algorithms in test markets.
Hinge Growth and International Expansion
Hinge reported a 15% increase in matches and contact exchanges due to a new AI-powered recommendation algorithm and is set to launch in Brazil and Mexico.
Increased Advertising Revenue
Match Group achieved a record 31% year-over-year increase in indirect revenue from advertising.
Commitment to Trust and Safety
Implemented several new features that resulted in a 15% reduction in bad actor reports, and collaboration with World ID was announced.