Company: MTCH
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000891103-25-000067
Chunk: 51

Company: Match Group, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 51
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 our Hakuna app, which provided live streaming services, as well as our other live streaming services within our other brands. Excluding Hakuna and the other live streaming services, revenue in 2024 was up 5% Y/Y. Revenue growth was primarily due to growth at Hinge, and to a lesser extent Tinder, offset by declines at our Evergreen & Emerging and Match Group Asia segments.

Operating income in 2024 declined 10% Y/Y to $823 million, representing an operating income margin of 24%. Adjusted Operating Income ("AOI") of $1.3 billion was flat Y/Y, representing an AOI Margin of 36%. Operating income and AOI were positively affected by the increase in revenue. Operating income declined due to increases in non-cash compensation, impairments of certain intangible assets as a result of the termination of our live streaming services and the Hakuna app, and depreciation. Operating cash flow and Free Cash Flow in 2024 were $933 million and $882 million, respectively. We deployed 85% of our Free Cash Flow during the year for share repurchases.

Certain of the financial measures described above are supplemental measures to U.S. generally accepted accounting principles (“GAAP”). For a further description of each non-GAAP financial measure set forth above as well as a full reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP, please see pages 46-48 of our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025 (the “2024 Annual Report”). For definitions of certain terms used above, including Payers, RPP, Match Group Asia, and Evergreen & Emerging, please see page 34 of the 2024 Annual Report.

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#### 2024 Compensation Highlights
Our 2024 compensation decisions and pay outcomes demonstrate alignment with our philosophy and objectives.

As the chart below shows, 94% of Mr. Kim’s 2024 target compensation was variable and at-risk. On average, 77% of our other NEO’s target compensation was considered variable and at risk.

#### Stockholder Engagement and 2024 Say-on-Pay Vote
We believe it is important to provide an open forum for stockholder discussion and feedback. As a result, our management regularly engages with our stockholders to hear their perspectives. We greatly value this feedback, and we seek to