Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 26

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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, respectively. If unrecognized tax benefits at March 31, 2025 are subsequently recognized, income tax expense would be reduced by $50.5 million, net of related deferred tax assets and interest. The comparable amount as of December 31, 2024 was $46.6 million. The Company does not anticipate that the total unrecognized tax benefits will materially change over the next 12 months.The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals of interest and penalties for the three months ended March 31, 2025 and 2024 

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

were not material. At March 31, 2025, noncurrent income taxes payable includes accrued interest and penalties of $2.2 million. The comparable amount as of December 31, 2024 was $1.6 million.

NOTE 3—FINANCIAL INSTRUMENTSEquity securities without readily determinable fair valuesAt both March 31, 2025 and December 31, 2024, the carrying value of the Company’s investments in equity securities without readily determinable fair values totaled $19.3 million, and is included in “Other non-current assets” in the accompanying consolidated balance sheet. The cumulative downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values through March 31, 2025 were $2.1 million. For both the three months ended March 31, 2025 and 2024, there were no adjustments to the carrying value of equity securities without readily determinable fair values.For all equity securities without readily determinable fair values as of March 31, 2025 and December 31, 2024, the Company has elected the measurement alternative. For the three months ended March 31, 2025 and 2024, under the measurement alternative election, the Company did not identify any fair value adjustments using observable price changes in orderly transactions for an identical or similar investment of the same issuer.Fair Value MeasurementsThe Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets