Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 89

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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, 2024Three Months Ended June 30,2025$ Change% Change2024(Dollars in thousands)General and administrative expense$136,555 $22,251 19%$114,304 Percentage of revenue16%13%

General and administrative expense increased primarily due to (i) a preliminary settlement with the FTC in the amount of $14.0 million relating to E&E applications, (ii) an increase in legal and other professional fees of $11.2 million primarily within Corporate and Unallocated Costs and E&E, and (iii) severance expense of $7.8 million primarily within Corporate and Unallocated Costs and E&E. Partially offsetting these increases was a decrease of $8.1 million as the 2024 amount includes Canada’s implementation of a digital sales tax in June 2024 retroactive to 2022.

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)General and administrative expense$248,075 $27,530 12%$220,545 Percentage of revenue15%13%

General and administrative expense increased primarily due to (i) a preliminary settlement with the FTC in the amount of $14.0 million relating to E&E applications, (ii) an increase in legal and other professional fees of $13.0 million primarily within Corporate and Unallocated Costs and E&E; and (iii) severance expense of $11.3 million primarily within Corporate and Unallocated Costs and E&E. Partially offsetting these increases was a decrease of $6.8 million as the 2024 amount includes Canada’s implementation of a digital sales tax in June 2024 retroactive to 2022.

35

Product development expense

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)Product development expense$114,511 $935 1%$113,576 Percentage of revenue13%13%

Product development expense remained relatively flat as compared to the prior period with severance in the 2025 period of $6.5 million primarily at Tinder and E&E offset by decreases in other employee compensation expense and stock-based compensation at Tinder.

For the six months ended June