Match Group's second quarter revenue dipped 1% as strong Hinge growth of 22% was offset by Tinder's ongoing turnaround.

Match Group reported second quarter revenue of $853 million, a 1% decrease year-over-year, as a 6% decline in Payers to 13.3 million was partially offset by a 6% increase in Revenue per Payer (RPP) to $21.13. The company noted improving user trends at its flagship Tinder brand while Hinge continued its rapid international expansion.

Key Highlights

• Hinge revenue grew 22% year-over-year, driven by a 13% increase in global Monthly Active Users and an 86% revenue surge in European expansion markets.
• At Tinder, year-over-year Daily Active User declines narrowed to 4%, marking the best result in 10 quarters as the app's turnaround gains momentum.
• Adjusted EBITDA increased 14% year-over-year to $331 million, with the Adjusted EBITDA margin expanding to 39% from 34% in the prior-year period.
• The company declared a cash dividend of $0.20 per share and guided for third quarter revenue of $885 to $895 million.