Match Group reported first-quarter revenue of $864 million. This figure represents a 4% year-over-year increase. Revenue exceeded analyst estimates of $855 million. Net income jumped 42% to $167 million. Adjusted EBITDA rose 25%.
Tinder recorded year-over-year growth in new user registrations in March. This increase marks the first growth for the app in nearly two years. Product changes improved engagement among Gen Z users. Hinge increased direct revenue by 28%.
Match Group projects second-quarter revenue between $850 million and $860 million.