Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 81

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 81
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,675 MG Asia3,447 4,834 3,674 7,025 18,980 Corporate and unallocated costs(59,505)14,786 1,215 — (43,504)Total$172,593 $70,394 $21,729 $10,478 $275,194 

Three Months Ended March 31, 2024Operating Income (Loss)Stock-based CompensationDepreciationAmortization of IntangiblesAdjusted Operating Income (Loss)(In thousands)Tinder$210,042 $20,541 $9,253 $— $239,836 Hinge18,505 9,915 535 — 28,955 Evergreen & Emerging17,321 14,048 4,838 2,069 38,276 MG Asia(7,667)8,081 4,590 8,298 13,302 Corporate and unallocated costs(53,463)11,235 1,305 — (40,923)Total$184,738 $63,820 $20,521 $10,367 $279,446 

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’ ability to understand the Company’s performance because it excludes the impact of foreign currency volatility that is not indicative of Match Group’s core operating results.

Revenue excluding foreign exchange effects compares results between periods as if exchange rates had remained constant period over period. Revenue excluding foreign exchange effects is calculated by translating current period revenue using prior period exchange rates. The percentage change in revenue excluding foreign exchange effects is calculated by determining the change in current period revenue over prior period revenue where current period revenue is translated using prior period exchange rates.

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The following tables present the impact of foreign exchange effects on total revenue and Direct Revenue by segment for the three months ended March 31, 2025, compared to the three months ended March