Company: MTCH
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000891103-25-000027
Chunk: 149

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 149
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 amortization of intangibles increased primarily due to impairments of intangible assets of $30.6 million at E&E and MG Asia as a result of the termination of certain of our live streaming services and our Hakuna app in 2024.

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

Impairments and amortization of intangibles decreased primarily due to impairments of both indefinite-lived intangible assets and definite-lived intangible assets in the prior period primarily at MG Asia.

42

Operating Income and Adjusted Operating IncomeYears Ended December 31,2024$ Change% Change2023$ Change% Change2022(Dollars in thousands)Operating income (loss):Tinder$889,222 $(66,297)(7)%$955,519 $(951)—%$956,470 Hinge121,482 47,221 64%74,261 (4,462)(6)%78,723 Evergreen & Emerging66,088 (16,372)(20)%82,460 46,581 130%35,879 MG Asia(32,345)(23,670)273%(8,675)303,352 (97)%(312,027)Corporate and unallocated costs(221,135)(34,466)18%(186,669)57,371 (24)%(244,040)Operating income$823,312 $(93,584)(10)%$916,896 $401,891 78%$515,005 Adjusted Operating Income (Loss):Tinder$1,017,023 $(32,337)(3)%$1,049,360 $21,477 2%$1,027,883 Hinge166,478 58,832 55%107,646 16,498 18%91,148 Evergreen & Emerging170,418 6,622 4%163,796 4,079 3%159,717 MG Asia60,806 (984)(2)%61,790 27,358 79%34,432 Corporate and unallocated costs(162,358)(38,299)31%(124,059)60,385 (33)%(184,444)Adjusted Operating Income$1,252,367 $(6,166)—%$1,258,533 $129,797 11