Match Group Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
MTCH$39.30+0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (In thousands, except per share data) | |||
| Revenue | $3,364,504 | $3,188,843 | $2,983,277 |
| Operating costs and expenses: | |||
| Cost of revenue (exclusive of depreciation shown separately below) | 954,014 | 959,963 | 839,308 |
| Selling and marketing expense | 586,262 | 534,517 | 566,459 |
| General and administrative expense | 413,609 | 435,868 | 414,821 |
| Product development expense | 384,185 | 333,639 | 241,049 |
| Depreciation | 61,807 | 43,594 | 41,402 |
| Impairments and amortization of intangibles | 47,731 | 366,257 | 28,559 |
| Total operating costs and expenses | 2,447,608 | 2,673,838 | 2,131,598 |
| Operating income | 916,896 | 515,005 | 851,679 |
| Interest expense | (159,887) | (145,547) | (130,493) |
| Other income (expense), net | 19,772 | 8,033 | (465,038) |
| Earnings from continuing operations, before tax | 776,781 | 377,491 | 256,148 |
| Income tax (provision) benefit | (125,309) | (15,361) | 19,897 |
| Net earnings from continuing operations | 651,472 | 362,130 | 276,045 |
| (Loss) earnings from discontinued operations, net of tax | — | (2,211) | 509 |
| Net earnings | 651,472 | 359,919 | 276,554 |
| Net loss attributable to noncontrolling interests | 67 | 2,027 | 1,169 |
| Net earnings attributable to Match Group, Inc. shareholders | $651,539 | $361,946 | $277,723 |
| Net earnings per share from continuing operations: | |||
| Basic | $2.36 | $1.29 | $1.01 |
| Diluted | $2.26 | $1.25 | $0.93 |
| Net earnings per share attributable to Match Group, Inc. shareholders: | |||
| Basic | $2.36 | $1.28 | $1.01 |
| Diluted | $2.26 | $1.24 | $0.93 |
| Stock-based compensation expense by function: | |||
| Cost of revenue | $5,934 | $5,903 | $5,554 |
| Selling and marketing expense | 9,730 | 7,608 | 7,941 |
| General and administrative expense | 98,510 | 106,133 | 81,420 |
| Product development expense | 117,925 | 84,236 | 51,901 |
| Total stock-based compensation expense | $232,099 | $203,880 | $146,816 |
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