Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 33

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 33
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ed-AverageUseful Life (Years) (In thousands) Customer lists$120,764 $(65,596)$55,168 5.0Patent and technology65,443 (45,863)19,580 4.7Trade names57,955 (10,010)47,945 7.8Other20 (20)— —Total$244,182 $(121,489)$122,693 6.0At December 31, 2024, amortization of intangible assets with definite lives is estimated to be as follows:(In thousands)2025$36,991 202622,705 202713,729 202813,283 2029 and thereafter31,809 Total$118,517 

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

NOTE 6—FINANCIAL INSTRUMENTSEquity securities without readily determinable fair valuesAt December 31, 2024 and 2023, the carrying value of the Company’s investments in equity securities without readily determinable fair values totaled $19.3 million and $14.3 million, respectively, 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 held as of December 31, 2024 were $2.1 million. For both the years ended December 31, 2024 and 2023, there were no adjustments, either downward or upward, to the carrying value of equity securities without readily determinable fair values.Fair Value MeasurementsThe following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: 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  December 31, 2023 Quoted MarketPrices in ActiveMarkets forIdentical