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TickerMTCH
SectorInternet Content & Information
Mkt cap$8.6B
EV / EBITDA11.3×
PostureHigh Velocity
Composite78/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 891103

Match Group, Inc.

MTCHHIGH VELOCITYFILING INTENSITY

Match Group, Inc. reads as High Velocity (composite 78/100); pressure / disclosure signals dominate the posture this cycle · primary market Marketing & Data.

Lens

Disclosed M&A capital (2023–2025)

N/A

−99%

vs N/A in 2020–2022

Disclosed transactions

N/A

−99%

0/3 active fiscal years in window

Buyer archetype

Consistent Strategic Buyer

Meaningful spend appears across repeat years.

Composite score

78

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$3.5B
EBITDA$1B
Enterprise value$11.6B
EV / Revenue3.3×
EV / EBITDA11.3×
P/EN/A
Cash$1B
Total debt$3.6B
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

44/100

Companies actively deploying disclosed capital into M&A

  • $4.9B disclosed buyer spend
  • Filed within 20d

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 20d
  • 383 8-Ks

Target Probability

24/100

Issuers showing target-side patterns from filings

  • 120 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 120 activism filings

Pressure Watch

52/100

Issuers facing activism, governance, or control pressure

  • 120 activism filings
  • Latest activism 1.9y ago

Distress Watch

18/100

Issuers showing financial-distress filing patterns

  • 120 activism filings

Restatement Risk

1/100

Issuers with accounting-integrity flags from filings

  • 1 non-reliance 8-K
  • 1 NT late filing
  • Latest event 14y ago; heavily discounted

Capital Velocity

Dominant
78/100

Issuers with the highest filing-activity intensity

  • 383 8-Ks
  • Filed within 20d
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $11.6B
  • 10-Q 20d ago
  • 3 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $860M · Peak count: 4

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
20221$30M$30MN/A
20211$860M$860MN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Bolt On
    20%
  • Geographic Expansion
    20%
  • Platform
    20%
  • Technology Acquisition
    20%
  • Talent Acquisition
    20%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • bolt_on
  • geographic_expansion
  • platform
  • technology_acquisition
  • talent_acquisition
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

We rely on the Apple App Store and the Google Play Store to distribute and monetize our mobile applications. While our mobile applications are free to download from these stores, we offer our users the opportunity to purchase subscriptions and certain à la carte features through these applications.

10-KFY2024

In 2014, we acquired the remaining publicly traded shares of Meetic, ValueClick’s “Owned and Operated” website businesses, including Investopedia and PriceRunner, as well as The Princeton Review, a leading test preparation and college admission services company.

10-KFY2014

HomeAdvisor is a leading global home services digital marketplace that helps connect consumers with home professionals in North America, as well as in France, the Netherlands and Italy under various brands

10-KFY2016

In 2016, we acquired VHX, a platform for premium over-the-top (OTT) subscription video channels, as well a controlling interest in MyHammer Holding AG, the leading home services marketplace in Germany

10-KFY2016

As the distribution of our services through app stores increases, in order to maintain our profit margins, we have taken steps, and in the future may need to take further steps, to offset increasing app store fees by decreasing traditional marketing expenditures, increasing user volume or monetization per user, consolidating back-office and technical functions, or by engaging in other efforts to increase revenue or decrease costs generally.

10-KFY2024
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Marketing & Data

Market spend (2023–2025)
$51.4B
Market spend (2020–2022)
$63.5B
Recent vs prior
−19%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

11.3×EV / EBITDA

MTCH trades at a -11.1-turn discount to the Marketing & Data peer median of 22.4×.

EV / Revenue
3.3×
Net debt / EBITDA
2.5×
Peer median EV / EBITDA
22.4×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
22.4×11.6×-0.2×$422.6B$3.2B
Match Group, Inc.MTCH
11.3×3.3×2.5×$3.5BN/A

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Marketing & Data. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)442026-02-26
  • 10-Q (quarterly)982026-05-06
  • 8-K (event)3832026-05-05
  • Proxy / DEF 14A682026-04-30
  • Activism (13D / DFAN / PREC)1202024-07-15

Signals on file

  • critical

    Non-reliance disclosure

    2012-02-01

    1 Item 4.02 filing on file; financial-statement non-reliance.

  • watch

    Late-filing notice

    1997-03-28

    1 NT 10-K/10-Q filing on file.

  • elevated

    Activism on file

    2024-07-15

    120 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

  • info

    Signal

    Restatement risk

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.