Match Group Inc

For the period ended Mar 31, 2024. Filed May 8, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

MTCH$39.30+0.7%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statement of Operations

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

	Three Months Ended March 31,
	2024	2023
(In thousands, except per share data)
Revenue	$859,647	$787,124
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	256,742	240,010
Selling and marketing expense	165,301	137,359
General and administrative expense	106,241	90,611
Product development expense	115,737	98,186
Depreciation	20,521	10,552
Amortization of intangibles	10,367	12,117
Total operating costs and expenses	674,909	588,835
Operating income	184,738	198,289
Interest expense	(40,353)	(39,351)
Other income, net	9,474	3,392
Earnings before income taxes	153,859	162,330
Income tax provision	(30,625)	(41,639)
Net earnings	123,234	120,691
Net (earnings) loss attributable to noncontrolling interests	(36)	118
Net earnings attributable to Match Group, Inc. shareholders	$123,198	$120,809
Net earnings per share attributable to Match Group, Inc. shareholders:
Basic	$0.46	$0.43
Diluted	$0.44	$0.42
Stock-based compensation expense by function:
Cost of revenue	$1,711	$1,317
Selling and marketing expense	2,838	1,913
General and administrative expense	24,211	13,117
Product development expense	35,060	25,216
Total stock-based compensation expense	$63,820	$41,563

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