Company: MTCH
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000891103-25-000076
Chunk: 16

Company: Match Group, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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209 and 42,971,740 shares, respectively(1,986,648)(1,791,071)Total Match Group, Inc. shareholders’ equity(182,712)(63,659)Noncontrolling interests— 2 Total shareholders’ equity(182,712)(63,657)TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $3,889,885 $4,465,771 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

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MATCH GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) Three Months Ended March 31, 20252024 (In thousands, except per share data)Revenue$831,178 $859,647 Operating costs and expenses:Cost of revenue (exclusive of depreciation shown separately below)236,908 256,742 Selling and marketing expense157,096 165,301 General and administrative expense111,520 106,241 Product development expense120,854 115,737 Depreciation21,729 20,521 Amortization of intangibles10,478 10,367 Total operating costs and expenses658,585 674,909 Operating income172,593 184,738 Interest expense(35,256)(40,353)Other income, net2,616 9,474 Earnings before income taxes139,953 153,859 Income tax provision(22,382)(30,625)Net earnings117,571 123,234 Net earnings attributable to noncontrolling interests(1)(36)Net earnings attributable to Match Group, Inc. shareholders$117,570 $123,198 Net earnings per share attributable to Match Group, Inc. shareholders:     Basic$0.47 $0.46      Diluted$0.44 $0.44 Stock-based compensation expense by function:Cost of revenue$1,835 $1,711 Selling and marketing expense2,742 2,838 General and administrative expense27,006 24,211 Product development expense38,811 35,060 Total stock-based compensation expense$70,394 $63,820     

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

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MATCH GROUP, INC. AND