Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 49

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 as compared to the prior year.

31

Operating income and Adjusted Operating Income

Three Months Ended March 31,2025$ Change% Change2024(Dollars in thousands)Operating income (loss)Tinder$193,348 $(16,694)(8)%$210,042 Hinge28,625 10,120 55%18,505 Evergreen & Emerging6,678 (10,643)(61)%17,321 MG Asia3,447 11,114 NM(7,667)Corporate and unallocated costs(59,505)(6,042)11%(53,463)Operating income$172,593 $(12,145)(7)%$184,738 Adjusted Operating Income (Loss)Tinder$228,468 $(11,368)(5)%$239,836 Hinge42,575 13,620 47%28,955 Evergreen & Emerging28,675 (9,601)(25)%38,276 MG Asia18,980 5,678 43%13,302 Corporate and unallocated costs(43,504)(2,581)6%(40,923)Adjusted Operating Income$275,194 $(4,252)(2)%$279,446 

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NM = Not meaningful

For a reconciliation of operating income to Adjusted Operating Income, see “Non-GAAP Financial Measures.”

For the three months ended March 31, 2025 compared to the three months ended March 31, 2024

Operating income decreased 7% and Adjusted Operating Income decreased 2%. Operating income and Adjusted Operating Income each were impacted by (i) the decrease in revenue of $28.5 million, which was driven by decreases at Tinder, E&E, and MG Asia, partially offset by an increase at Hinge, and (ii) the increase in general and administrative expense due to severance and other employee compensation related costs. These impacts were partially offset by the decreases in (i) cost of revenue due to reduced Variable Expenses as a result of the termination of certain live streaming services and the Hakuna app and lower in-app purchase fees and (ii) selling and marketing expense due to decreased cost of acquisition expense. Operating income was further impacted by an increase in stock-based compensation expense, primarily as result of higher stock-based awards granted in the current year, and higher depreciation expense due to an increase in internally developed software placed in service.

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