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

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 27
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 expected to be in effect when the taxes are paid or recovered.At December 31, 2024, the Company has federal and state net operating losses (“NOLs”) of $5.9 million and $117.5 million, respectively. While subject to limitation under Section 382 of the Internal Revenue code and other separate return limitations, federal NOLs of $5.5 million are expected to be used through 2037. Of the state NOLs, $1.3 million can be carried forward indefinitely and $116.2 million will expire at various times between 2025 and 2044. State NOLs of $104.1 million can be used against future taxable income without restriction and the remaining NOLs are subject to separate return limitations under applicable state law. At December 31, 2024, the Company has foreign NOLs of $662.8 million available to offset future income. Of these foreign NOLs, $133.2 million can be carried forward indefinitely and $529.6 million will expire at various times between 2025 and 2041. Foreign NOLs of $558.4 million can be used against future taxable income without restriction and the remaining NOLs are subject to limitation under each respective taxing jurisdiction’s law. During 2024, the Company recognized tax benefits related to NOLs of $2.8 million. At December 31, 2024, the Company has foreign disallowed interest carryforwards of $24.2 million that can be carried forward indefinitely and can be used against future taxable income.At December 31, 2024, the Company has tax credit carryforwards of $84.7 million. Of this amount, $59.9 million relates to state and foreign tax credits for research activities, of which $7.6 million will expire at various times between 2030 and 2044. Our credit carryforwards also include $22.7 million of domestic foreign tax 

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Table of ContentsMATCH GROUP, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

credits, which will expire at various times between 2027 and 2033. Additionally, the Company has $2.1 million of other credits, primarily consisting of foreign employment tax credits which expire at various times between 2030 and 2032.The Company regularly assesses the realizability of deferred tax assets considering all available