Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 30

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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Markets forIdentical Assets(Level 1)Significant Other Observable Inputs(Level 2)TotalFair ValueMeasurements (In thousands)Assets:  Cash equivalents:  Money market funds$317,948 $— $317,948 Time deposits— 142,872 142,872 Short-term investments:Time deposits— 3,561 3,561 Intangible assets:Digital assets (cost basis of $1,167)1,339 — 1,339 Total$319,287 $146,433 $465,720  December 31, 2024 Quoted MarketPrices in ActiveMarkets forIdentical Assets(Level 1)Significant Other Observable Inputs(Level 2)TotalFair ValueMeasurements (In thousands)Assets:  Cash equivalents:  Money market funds$264,008 $— $264,008 Time deposits— 121,000 121,000 Short-term investments:Time deposits— 4,734 4,734 Total$264,008 $125,734 $389,742 Assets measured at fair value on a nonrecurring basisThe Company’s non-financial assets, such as goodwill, intangible assets, property and equipment, and right-of-use assets, are adjusted to fair value only when an impairment charge is recognized. The Company’s financial assets, comprised of equity securities without readily determinable fair values, are adjusted to fair value when observable price changes are identified or an impairment charge is recognized. Such fair value measurements are based predominantly on Level 3 inputs.During the third quarter of 2024, in connection with our decision to terminate live streaming services in our dating applications, including Plenty of Fish, and to sunset our Hakuna application, which provided live streaming primarily in Asia, we recognized impairment charges of $30.6 million related to indefinite- and definite-lived intangible assets in the Match Group Asia and Evergreen & Emerging segments. For certain assets with no remaining cash flow, the Company fully impaired the asset. For assets with remaining cash flows, the Company conducted discounted cash flow valuations. The Company also reclassified an indefinite-lived intangible asset 

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

with a carrying value of $47.2 million to the definite-lived intangible asset category as of September