Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 151

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 151
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 over a weighted average period of approximately 1.8 years.

Interest expenseYears Ended December 31,2024$ Change% Change2023$ Change% Change2022(Dollars in thousands)Interest expense$160,071 $184 —%$159,887 $14,340 10%$145,547 

For the year ended December 31, 2024 compared to the year ended December 31, 2023

Interest expense remained relatively flat as compared to the prior year.

For the year ended December 31, 2023 compared to the year ended December 31, 2022

 Interest expense increased primarily due to a higher interest rate on the Term Loan in 2023 as compared to the prior year.

Other income, net Years Ended December 31,2024$ Change% Change2023$ Change% Change2022(Dollars in thousands)Interest income$41,105 $14,333 54%$26,772 $22,404 513%$4,368 Foreign currency losses(579)7,340 (93)%(7,919)(5,947)302%(1,972)Other289 (630)(69)%919 (4,718)(84)%5,637 Other income, net$40,815 $21,043 106%$19,772 $11,739 146%$8,033 

Income tax provisionYears Ended December 31,2024$ Change% Change2023$ Change% Change2022(Dollars in thousands)Income tax provision$152,743 $27,434 22%$125,309 $109,948 NM$15,361 Effective income tax rate22%16%4%

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NM = Not Meaningful

For discussion of income taxes, see “Note 3—Income Taxes” to the consolidated financial statements included in “Item 8—Consolidated Financial Statements and Supplementary Data.”

For the year ended December 31, 2024, the Company recorded an income tax provision from continuing operations of $152.7 million at an effective tax rate of 22%, which is higher than the statutory rate primarily due to state income taxes and nondeductible stock-based compensation, partially offset by a lower tax rate on U.S. income derived from foreign sources and research credits.

For the year ended December 31, 2023, the Company recorded an income tax provision