Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 93

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 93
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2 million, and Adjusted Operating Income was $34.9 million, an increase of 29%, primarily due to the shut down of the Hakuna app in the second half of 2024.

At June 30, 2025, there was $441.8 million of unrecognized compensation cost, net of estimated forfeitures, related to stock-based awards, which is expected to be recognized over a weighted average period of approximately 2.1 years.

Interest 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)Interest expense$32,160 $(7,878)(20)%$40,038 

Interest expense decreased primarily due to the decrease in the outstanding balance of the Term Loan which was repaid in full in January 2025.

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)Interest expense$67,416 $(12,975)(16)%$80,391 

Interest expense decreased primarily driven by the factors described above in the three-month discussion.

39

Other (expense) income, net 

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)Interest Income$2,064 $(8,370)(80)%$10,434 Foreign currency losses(5,966)(5,852)NM(114)Other(154)(359)(175)%205 Other (expense) income, net$(4,056)$(14,581)NM$10,525 

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)Interest income$7,683 $(12,711)(62)%$20,394 Foreign currency losses(9,048)(8,404)NM(644)Other(75)(324)(130)%249 Other (expense) income, net$(1,440)$(21,439)NM$