Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 57

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 57
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 Lease CostIncome Statement ClassificationYear Ended December 31, 2024Year Ended December 31, 2023(In thousands)Fixed lease costCost of revenue$1,875 $1,567 Fixed lease costGeneral and administrative expense22,032 20,960 Total fixed lease cost(a)23,907 22,527 Variable lease costCost of revenue441 880 Variable lease costGeneral and administrative expense3,368 3,175 Total variable lease cost3,809 4,055 Net lease cost$27,716 $26,582 ______________________(a)Includes approximately $0.6 million and $1.5 million of short-term lease cost for the years ended December 31, 2024 and December 31, 2023, respectively.Maturities of lease liabilities as of December 31, 2024(a):(In thousands)2025$22,709 202619,423 202713,655 202812,799 202912,427 After 202938,594 Total119,607 Less: Interest(15,811)Present value of lease liabilities$103,796 ______________________(a)Operating lease payments exclude $28.1 million of legally binding minimum lease payments for leases signed but not yet commenced.

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Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The following are the weighted average assumptions used for lease term and discount rate:December 31, 2024December 31, 2023Remaining lease term7.2 years8.1 yearsDiscount rate3.86 %3.76 %Year Ended December 31, 2024Year Ended December 31, 2023(In thousands)Other information:Right-of-use assets obtained in exchange for lease liabilities$11,420 $19,258 Cash paid for amounts included in the measurement of lease liabilities$26,082 $21,188 

NOTE 14—COMMITMENTS AND CONTINGENCIESCommitmentsThe Company has funding commitments in the form of purchase obligations and surety bonds. The purchase obligations are $68.6 million for 2025, $8.7 million for 2026, $9.8 million for 2027, and $9.0 million for 2028, for a total of $96.1 million in purchase obligations. The purchase