Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 103

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 103
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 2025. Under the December 2024 Share Repurchase Program, $1.28 billion in aggregate value of shares of Match Group common stock remains available as of July 31, 2025. Under the December 2024 Share Repurchase Program, shares of our common stock may be purchased on a discretionary basis from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans. The December 2024 Share Repurchase Program may be commenced, suspended or discontinued at any time. During the six months ended June 30, 2025, we repurchased 13.7 million shares for $419.7 million on a trade date basis under the January 2024 and December 2024 Share Repurchase Programs. Between July 1 and July 31, 2025, we repurchased 1.5 million shares for $47.4 million on a trade date basis under the December 2024 Share Repurchase Program.

The Company currently settles substantially all equity awards on a net basis. Assuming all equity awards outstanding on July 31, 2025 were net settled at the closing price on that date, we would issue 8.5 million shares of common stock (of which 0.3 million are related to vested awards and 8.2 million are related to unvested awards) and, assuming a 50% withholding rate, would remit $291.5 million in cash for withholding taxes (of which $9.3 million is related to vested awards and $282.2 million is related to unvested awards). If we did not settle awards on a net basis and instead issued a sufficient number of shares to cover the $291.5 million employee withholding tax obligation, 8.5 million additional shares would be issued by the Company.

As of June 30, 2025, all of the Company’s international cash can be repatriated without significant tax consequences.

Our indebtedness could limit our ability to: (i) obtain additional financing to fund working capital needs, acquisitions, capital expenditures, debt service, or other requirements; and (ii) use operating cash flow to pursue acquisitions or invest in other areas, such as developing properties and exploiting business opportunities. The Company may need to raise additional capital through future debt or equity financing to make additional acquisitions and investments or to provide for greater financial flexibility. Additional financing may not be available on terms