v3.26.1
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION NOTE 7—SEGMENT INFORMATION
During the quarter ended June 30, 2026, our chief operating decision maker (“CODM”)
reorganized our brands into three operating segments following certain organizational and management
changes. Specifically, the Evergreen and Emerging and MG Asia operating segments were combined
into a new segment called “Everyone Everywhere.” This change has been reflected in all historical
periods presented. The Tinder and Hinge operating segments remain unchanged.
Our CODM, who is our Chief Executive Officer, analyzes the results of our business through three
operating segments consisting of brands or groups of brands within our portfolio: Tinder, Hinge, and
Everyone Everywhere. These three operating segments are also our reportable segments. Our CODM
primarily evaluates the operating results and performance of our segments through revenue, operating
income, and Adjusted EBITDA. These financial metrics are used to view operating trends, perform
analytical comparisons, compare performance between periods, and evaluate variances to forecast on
a monthly basis.
The following table presents revenue by segment, which includes revenue from customers in the
form of direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment
revenue, which is eliminated in consolidated results:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
(In thousands)
Revenue:
Tinder
$469,413
$476,701
$938,051
$940,117
Hinge
203,533
167,505
398,030
319,748
Everyone Everywhere
181,981
220,504
384,457
436,756
Eliminations
(1,822)
(972)
(3,499)
(1,705)
Total
$853,105
$863,738
$1,717,039
$1,694,916
The following tables present the segment profitability measures, operating income (loss) and
Adjusted EBITDA, and a reconciliation of the total segment profitability measures to income before
income taxes:
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
(In thousands)
Operating income (loss):
Tinder
$210,890
$216,968
$426,814
$410,316
Hinge
63,094
38,926
119,206
67,551
Everyone Everywhere
21,001
(4,659)
24,902
5,466
Total segment operating income
294,985
251,235
570,922
483,333
Corporate and unallocated costs(a)
(49,535)
(57,314)
(89,056)
(116,819)
Interest expense
(42,381)
(32,160)
(84,906)
(67,416)
Other income (expense), net
11,579
(4,056)
18,219
(1,440)
Income before income taxes
$214,648
$157,705
$415,179
$297,658
______________________
(a)Includes stock-based compensation and depreciation related to corporate functions.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
(In thousands)
Adjusted EBITDA:
Tinder
$232,999
$246,214
$470,051
$474,682
Hinge
79,443
53,835
149,960
96,410
Everyone Everywhere
54,094
32,023
114,582
79,678
Total segment Adjusted EBITDA
366,536
332,072
734,593
650,770
Corporate and unallocated costs
(35,209)
(42,125)
(60,384)
(85,629)
Stock-based compensation
(62,021)
(67,467)
(120,588)
(137,861)
Depreciation
(15,325)
(18,061)
(29,457)
(39,790)
Impairment and amortization of
intangibles
(8,531)
(10,498)
(42,298)
(20,976)
Interest expense
(42,381)
(32,160)
(84,906)
(67,416)
Other income (expense), net
11,579
(4,056)
18,219
(1,440)
Income before income taxes
$214,648
$157,705
$415,179
$297,658
Corporate and unallocated costs includes 1) corporate expenses (such as executive management,
investor relations, corporate development, and board of director and public company listing fees), 2)
portions of corporate services (such as legal, human resources, accounting, and tax), and 3) certain
centrally managed services and technology that have not been allocated to the individual business
segments (such as central trust and safety operations and certain shared software).
Our CODM does not review disaggregated assets on a segment basis; therefore, such information
is not presented. Interest income and other income, net are not allocated to individual segments as
these are managed on a consolidated basis. The accounting policies for segment reporting are the
same as for our consolidated financial statements.
The following tables present the significant segment expenses regularly reviewed by our CODM:
Three Months Ended June 30, 2026
Tinder
Hinge
Everyone
Everywhere
(In thousands)
In-app purchase fees
$84,901
$35,245
$18,187
Cost of acquisition
58,038
37,625
50,476
Variable expense
26,146
11,594
10,952
Employee compensation expense, excluding stock-
based compensation expense
43,252
30,294
34,592
Other operating expenses(a)
24,077
9,332
13,680
Stock-based compensation(b)
20,432
14,446
13,799
Depreciation(b)
1,677
1,903
10,763
Amortization of intangible assets(b)
—
—
8,531
Three Months Ended June 30, 2025
Tinder
Hinge
Everyone
Everywhere
(In thousands)
In-app purchase fees
$98,285
$45,645
$33,091
Cost of acquisition
39,284
28,873
64,214
Variable expense
27,857
5,485
11,563
Employee compensation expense, excluding stock-
based compensation expense
51,620
26,715
46,625
Other operating expenses(a)
13,441
6,952
32,988
Stock-based compensation(b)
23,722
14,044
16,061
Depreciation(b)
5,524
865
10,123
Amortization of intangible assets(b)
—
—
10,498
Six Months Ended June 30, 2026
Tinder
Hinge
Everyone
Everywhere
(In thousands)
In-app purchase fees
$173,670
$70,745
$41,616
Cost of acquisition
115,038
73,593
107,228
Variable expense
51,892
21,355
21,061
Employee compensation expense, excluding stock-
based compensation expense
88,681
65,444
71,990
Other operating expenses(a)
38,719
16,933
27,980
Stock-based compensation(b)
40,008
27,128
26,851
Depreciation(b)
3,229
3,626
20,531
Impairment and amortization of intangible assets(b)
—
—
42,298
Six Months Ended June 30, 2025
Tinder
Hinge
Everyone
Everywhere
(In thousands)
In-app purchase fees
$193,528
$87,312
$65,262
Cost of acquisition
84,901
54,399
133,012
Variable expense
58,241
10,431
23,247
Employee compensation expense, excluding stock-
based compensation expense
103,515
58,461
90,426
Other operating expenses(a)
25,250
12,735
45,131
Stock-based compensation(b)
49,037
27,276
33,122
Depreciation(b)
15,329
1,583
20,114
Amortization of intangible assets(b)
—
—
20,976
______________________
(a)Other operating expenses primarily consists of office rent, business software, travel, indirect
taxes, and professional fees.
(b)Expense is a non-cash item and excluded from the profitability measure of Adjusted EBITDA.