Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 28

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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ES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Continued)

affected by the passage of the Act, primarily due to a lower deduction for U.S. income derived from foreign sources as a result of the current expensing of U.S. research expenditures. We continue to monitor interpretive guidance related to the Act. The impacts of the legislation are reflected in the consolidated financial statements as of and for the period ended September 30, 2025.Match Group is routinely under audit by federal, state, local, and foreign authorities in the area of income tax. These audits include a review of the timing and amount of income and deductions, and the allocation of such income and deductions among various tax jurisdictions. The Internal Revenue Service (“IRS”) has completed its audit of the Company’s federal income tax returns for years through December 31, 2019. Although the 2020 tax year is closed to assessment, adjustments to taxable income may still be made if it impacts net operating loss or credit carryforwards brought forward from that year. Returns filed in various other jurisdictions are open to examination for tax years beginning with 2015. Although we believe that we have adequately reserved for our uncertain tax positions, the final tax outcome of these matters may vary significantly from our estimates.At September 30, 2025 and December 31, 2024, unrecognized tax benefits, including interest and penalties, were $50.2 million and $50.3 million, respectively. If unrecognized tax benefits at September 30, 2025 are subsequently recognized, income tax expense would be reduced by $45.3 million, net of related deferred tax assets and interest. The comparable amount as of December 31, 2024 was $46.6 million. The Company does not anticipate that the total unrecognized tax benefits will materially change over the next 12 months.The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals of interest and penalties for the three months ended September 30, 2025 and 2024 were not material. At September 30, 2025, noncurrent income taxes payable includes accrued interest and penalties of $2.9 million. The comparable amount as of December 31, 2024 was $1.6 million.

NOTE 3—FINANCIAL INSTRUMENTSEquity securities without readily determinable fair valuesAt September 30, 2025 and December 31, 2024, the