Company: MTCH
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0000891103-25-000124
Chunk: 28

Company: Match Group, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 adjustments to taxable income may still be made if it impacts net operating loss or credit carryforwards brought forward from that year. Returns filed in various other 

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

jurisdictions are open to examination for tax years beginning with 2015. Although we believe that we have adequately reserved for our uncertain tax positions, the final tax outcome of these matters may vary significantly from our estimates.At June 30, 2025 and December 31, 2024, unrecognized tax benefits, including interest and penalties, were $57.4 million and $50.3 million, respectively. If unrecognized tax benefits at June 30, 2025 are subsequently recognized, income tax expense would be reduced by $53.2 million, net of related deferred tax assets and interest. The comparable amount as of December 31, 2024 was $46.6 million. The Company does not anticipate that the total unrecognized tax benefits will materially change over the next 12 months.The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals of interest and penalties for the three months ended June 30, 2025 and 2024 were not material. At June 30, 2025, noncurrent income taxes payable includes accrued interest and penalties of $2.8 million. The comparable amount as of December 31, 2024 was $1.6 million.

NOTE 3—FINANCIAL INSTRUMENTSEquity securities without readily determinable fair valuesAt both June 30, 2025 and December 31, 2024, the carrying value of the Company’s investments in equity securities without readily determinable fair values totaled $19.3 million, and is included in “Other non-current assets” in the accompanying consolidated balance sheet. The cumulative downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values through June 30, 2025 were $2.1 million. For both the six months ended June 30, 2025 and 2024, there were no adjustments to the carrying value of equity securities without readily determinable fair values.For all equity securities without readily determinable fair values as of June 30, 2025 and December 31, 2024, the Company has elected the measurement alternative.