Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 37

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 within our portfolio: Tinder, Hinge, Evergreen & Emerging, and MG Asia. These four operating segments are also our reportable segments. Our CODM primarily evaluates the operating results and performance of our segments through revenue, operating income, and Adjusted Operating Income. These financial metrics are used to view operating trends, perform analytical comparisons, compare performance between periods, and evaluate variances to forecast on a monthly basis.The following table presents revenue by segment, which includes revenue from customers in the form of direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment revenue, which is eliminated in consolidated results:Three Months Ended March 31,20252024(In thousands)Revenue:Tinder$463,416 $493,110 Hinge152,243 123,753 Evergreen & Emerging152,429 171,136 MG Asia63,823 71,648 Eliminations(733)— Total$831,178 $859,647 The following tables present the segment profitability measures, operating income (loss) and Adjusted Operating Income, and a reconciliation of the total segment profitability measures to earnings before income taxes:Three Months Ended March 31,20252024(In thousands)Operating income (loss):Tinder$193,348 $210,042 Hinge28,625 18,505 Evergreen & Emerging6,678 17,321 MG Asia3,447 (7,667)Total segment operating income232,098 238,201 Corporate and unallocated costs(a)(59,505)(53,463)Interest expense(35,256)(40,353)Other income, net2,616 9,474 Earnings before income taxes$139,953 $153,859 ______________________(a)Includes stock-based compensation and depreciation

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

Three Months Ended March 31,20252024(In thousands)Adjusted Operating Income:Tinder$228,468 $239,836 Hinge42,575 28,955 Evergreen & Emerging28,675 38,276 MG Asia18,980 13,302 Total segment Adjusted Operating Income318,698 320,369 Corporate and unallocated costs(43,504)(40,923)Stock-based compensation(70,394)(63,820)Deprec