Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 93

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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280)(18)%$66,915 Percentage of revenue2%3%

Depreciation was lower in 2025 compared to 2024 primarily due to (i) a decrease in internally developed software at Tinder as certain assets became fully depreciated during the period and (ii) the write off of internally developed software associated with our live streaming services in 2024. These decreases were partially offset by increases in internally developed software at E&E.

37

Impairments and amortization of intangibles

For the three months ended September 30, 2025 compared to the three months ended September 30, 2024

Three Months Ended September 30,2025$ Change% Change2024(Dollars in thousands)Impairments and amortization of intangibles$8,921 $(33,169)(79)%$42,090 Percentage of revenue1%5%

Impairments and amortization of intangibles decreased primarily due to impairments of intangible assets at E&E and MG Asia in the prior year as a result of the termination of our live streaming services and Hakuna brand in 2024.

For the nine months ended September 30, 2025 compared to the nine months ended September 30, 2024

Nine Months Ended September 30,2025$ Change% Change2024(Dollars in thousands)Impairments and amortization of intangibles$29,897 $(33,512)(53)%$63,409 Percentage of revenue1%2%

Impairments and amortization of intangibles decreased primarily due to the factors described above in the three-month discussion.

38

Net Income, Operating income, and Adjusted EBITDA

Three Months Ended September 30,Nine Months Ended September 30,2025$ Change% Change20242025$ Change% Change2024(Dollars in thousands)Net income attributable to Match Group, Inc. shareholders$160,749 $24,268 18%$136,481 $403,797 $10,817 3%$392,980 Operating income (loss)Tinder$183,743 $(50,561)(22)%$234,304 $594,059 $(68,817)(10)%$662,876 Hinge46,314 4,107 10%42,207 113,865 22,939 25%90,926 Evergreen & Emerging31,447