Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 56

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 primarily at Tinder and E&E, and an increase in other operating expenses related to increases in web services primarily at Tinder.

Depreciation

For the three months ended June 30, 2025 compared to the three months ended June 30, 2024

Three Months Ended June 30,2025$ Change% Change2024(Dollars in thousands)Depreciation$18,061 $(3,031)(14)%$21,092 Percentage of revenue2%2%

Depreciation was lower in 2025 compared to 2024 primarily due to a decrease in depreciation of internally developed software at Tinder as certain assets became fully depreciated during the period.

For the six months ended June 30, 2025 compared to the six months ended June 30, 2024

Six Months Ended June 30,2025$ Change% Change2024(Dollars in thousands)Depreciation$39,790 $(1,823)(4)%$41,613 Percentage of revenue2%2%

Depreciation was lower in 2025 compared to 2024 primarily due to a decrease in internally developed software at Tinder as certain assets became fully depreciated during the period, partially offset by increases in internally developed software at E&E.

36

Amortization of intangibles

For the three months ended June 30, 2025 compared to the three months ended June 30, 2024

Three Months Ended June 30,2025$ Change% Change2024(Dollars in thousands)Amortization of intangibles$10,498 $(454)(4)%$10,952 Percentage of revenue1%1%

Amortization of intangibles was relatively flat as compared to the prior year.

For the six months ended June 30, 2025 compared to the six months ended June 30, 2024

Six Months Ended June 30,2025$ Change% Change2024(Dollars in thousands)Amortization of intangibles$20,976 $(343)(2)%$21,319 Percentage of revenue1%1%

Amortization of intangibles was relatively flat as compared to the prior year.

37

Operating income and Adjusted Operating Income

Three Months Ended June 30,Six Months Ended June 30,2025$ Change% Change20242025$ Change% Change2024(Dollars in thousands)Operating income (loss)Tinder$216