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

Company: Match Group, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 25
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 and within interim periods beginning on our Form 10-Q for the quarter ended March 31, 2028. The new standard may be applied prospectively or retrospectively, and early adoption is permitted. We expect ASU No. 2024-03 to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition. We are currently evaluating when we will adopt the ASU.In November 2024, the FASB issued ASU No. 2024-04, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as induced conversions or extinguishment of convertible debt. ASU No. 2024-04 is effective for our annual reporting on Form 10-K for the year ended December 31, 2026. The new standard may be applied prospectively or retrospectively, and early adoption is permitted. After the standard is adopted, accounting for future induced conversions would be impacted. We are currently evaluating ASU No. 2024-04 and its impact on our results of operations, cash flows, and financial condition and evaluating when we will adopt the ASU.ReclassificationsCertain prior year amounts have been reclassified to conform to the current year presentation.

NOTE 3—INCOME TAXESU.S. and foreign earnings (loss) from continuing operations before income taxes are as follows: Years Ended December 31, 202420232022 (In thousands)U.S. $677,842 $708,333 $651,406 Foreign26,214 68,448 (273,915)        Total$704,056 $776,781 $377,491 The components of the provision (benefit) for income taxes are as follows: Years Ended December 31, 202420232022 (In thousands)Current income tax provision:  Federal$106,510 $54,523 $5,703 State18,039 16,136 4,069 Foreign43,146 28,038 35,542       Current income tax provision167,695 98,697 45,314 Deferred income tax (benefit) provision:   Federal(2,672)33,267 76,185 State(5,916)(669)6,076 Foreign(6,364)(5,986)(112,214)      Deferred income tax (benefit)