MTCH · Earnings call · 2026Q2T · Full report
Liquidity and Debt Position
Match Group, Inc. · 2026-08-04 · Importance 64 · Surprise 42 · In source text
Match Group ended Q2 with $584 million of cash, cash equivalents, and short-term investments. The company used $424 million of cash to repay exchangeable notes that matured in June. Trailing twelve-month gross leverage was 2.7x and net leverage was 2.2x at quarter-end. Year-to-date operating cash flow was $564 million and free cash flow was $527 million through Q2.
Key facts
- Expect free cash flow to be at the high end of guidance provided in February
- Used $424 million of cash to pay off the exchangeable notes that matured in June
- Year to date through Q2, operating cash flow generated: $564 million and free cash flow: $527 million
- Cash, cash equivalents, and short-term investments at quarter end: $584 million
- Trailing 12-month gross leverage was 2.7x and net leverage was 2.2x at the end of Q2
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | — | Expect free cash flow to be at the high end of guidance provided in February |
| cash | negative | realized | — | Used $424 million of cash to pay off the exchangeable notes that matured in June |
| liability | negative | realized | — | Used $424 million of cash to pay off the exchangeable notes that matured in June |