Company: MTCH
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000891103-25-000180
Chunk: 66

Company: Match Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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Operating income (loss)$594,059 $113,865 $33,728 $3,986 $(157,790)$587,848 Stock-based compensation expense66,661 42,514 28,592 15,818 40,582 194,167 Depreciation17,780 2,654 19,085 11,235 3,881 54,635 Amortization of intangibles— — 10,714 19,183 — 29,897 Adjusted EBITDA$678,500 $159,033 $92,119 $50,222 $(113,327)$866,547 

Nine Months Ended September 30, 2024TinderHingeE&EMG AsiaCorporate & unallocated costsTotal Match Group(In thousands)Net income attributable to Match Group, Inc. shareholders$392,980 Add back:Net income attributable to redeemable noncontrolling interestsa55 Income tax provisiona113,477 Other income, neta(27,099)Interest expensea120,511 Operating income (loss)$662,876 $90,926 $40,067 $(31,927)$(162,018)$599,924 Stock-based compensation expense66,557 29,978 41,978 20,683 38,979 198,175 Depreciation28,425 1,702 15,910 16,957 3,921 66,915 Impairments and amortization of intangibles— — 24,205 39,204 — 63,409 Adjusted EBITDA$757,858 $122,606 $122,160 $44,917 $(119,118)$928,423 

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(a)Management does not allocate these items to segments.

45

Effects of Changes in Foreign Exchange Rates on Revenue

The impact of foreign exchange rates on the Company, due to its global reach, may be an important factor in understanding period over period comparisons if movement in exchange rates is significant. Since our results are reported in U.S. dollars, international revenue is favorably impacted as the U.S. dollar weakens relative to other currencies, and unfavorably impacted as the U.S. dollar strengthens relative to other currencies. We believe the presentation of revenue excluding the effects from foreign exchange, in addition to reported revenue, helps improve investors