Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 4

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 4
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 to the recording and accounting for Direct Revenue for certain brands. With the involvement of IT professionals, we identified the relevant systems used by the Company to calculate and record Direct Revenue and the related deferred revenue. Where applicable, we tested the IT general controls over those systems, including testing of user access controls, change management controls, and IT operations controls as well as certain automated application controls related to the recording of Direct Revenue and the related deferred revenue at period end. We also tested the Company’s controls to address the completeness and accuracy of transaction data.Our audit procedures related to the Company’s Direct Revenue also included, among other procedures, recalculating the amount of revenue recognized during the period for a sample of transactions based on the terms of the arrangement and the satisfaction of the underlying performance obligation, testing the accuracy of key transaction data for a sample of transactions to contractual terms, reconciling gross transactions to cash collected, testing the calculation of Direct Revenue and the related deferred revenue performed within the Company’s IT systems to the amount recorded in the general ledger, and performing procedures related to revenue cut-off.

/s/ Ernst & Young LLP

We have served as the Company’s auditor since 1996.

New York, New York

February 27, 2025

59

MATCH GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEET December 31, 20242023(In thousands, except share data)ASSETS  Cash and cash equivalents$965,993 $862,440 Short-term investments4,734 6,200 Accounts receivable, net of allowance of $379 and $603, respectively324,963 298,648 Other current assets102,072 104,023 Total current assets1,397,762 1,271,311 Property and equipment, net158,189 194,525 Goodwill2,310,730 2,342,612 Intangible assets, net215,448 305,746 Deferred income taxes262,557 259,803 Other non-current assets121,085 133,889 TOTAL ASSETS$4,465,771 $4,507,886 LIABILITIES AND SHAREHOLDERS’ EQUITY  LIABILITIES  Accounts payable$18,262 $13,187 Deferred revenue166,142 211,282 Accrued expenses and other current liabilities365,057 307,299 Total current liabilities549,461 531