Match Group, Inc. (MTCH) disclosed that Chief Accounting Officer Eigenmann Philip D has made several transactions involving the company's shares. On September 3, 2025, Eigenmann purchased 11,133 shares at $16.48 per share and sold 7,031 shares at $37.57 per share. Additionally, he bought 10,861 shares at $24.77 per share and sold 8,432 shares at $37.57 per share. Furthermore, Eigenmann sold 6,531 shares at $37.52 per share on the same day.
Match Group, Inc. (MTCH), the parent company of popular dating apps like Tinder and Hinge, participated in Citi’s 2025 Global Technology, Media and Telecommunications Conference on September 3, 2025. The discussion, led by CFO Steven Bailey, highlighted the company’s strategic pivot towards long-term user growth and engagement, with a focus on product innovation and artificial intelligence (AI).
Bailey emphasized that Match Group is shifting its focus from short-term monetization to long-term user growth, aiming to capture more of the 250 million global active daters not using dating apps. He noted that AI is a central part of the strategy to enhance user experience and safety. In-app payments could save Match Group $65 million or more next year, according to Bailey.
The company spends $700 million annually on IP fees to Apple and Google. Potential savings from in-app payments could exceed $65 million next year. Hinge is on track to reach $1 billion in revenue by 2027. A reduction in force of about 13% has been implemented to streamline operations.
Bailey also discussed the turnaround of Tinder, which is focusing on a product-led strategy with a new management team. The company is reinvesting $50 million in the business, with a third allocated to Tinder product innovation. Hinge is expanding into Mexico and Brazil and continues to focus on AI-driven product innovation to stay competitive.
The company is halfway through its three-year turnaround plan, focusing on driving user growth and improving retention. Plans to restart the word-of-mouth flywheel to enhance brand perception were also mentioned.
In the context of the dating app ecosystem, Bailey noted that the opportunity is significant, with only 30% of singles using a dating app in developed countries and 7% in developing countries. He believes that AI is a tool that can help rethink how products work, similar to how mobile technology did in the past.
References:
[1] https://www.investing.com/news/transcripts/match-group-at-citis-2025-conference-strategic-shift-and-ai-focus-93CH-4222528
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