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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 794,513 $ 707,760 $ 1,593,144 $ 1,375,372
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 240,840 193,099 477,076 372,554
Selling and marketing expense 125,679 128,918 277,567 273,906
General and administrative expense 110,638 113,393 211,343 201,058
Product development expense 86,410 52,133 165,204 107,709
Depreciation 11,488 10,061 21,985 20,518
Impairment and amortization of intangibles 229,539 242 242,232 455
Total operating costs and expenses 804,594 497,846 1,395,407 976,200
Operating (loss) income (10,081) 209,914 197,737 399,172
Interest expense (35,623) (32,219) (70,519) (64,057)
Other income (expense), net 5,291 (355) 6,109 (1,674)
(Loss) earnings from continuing operations, before tax (40,413) 177,340 133,327 333,441
Income tax benefit (provision) 8,048 (37,320) 14,915 (19,573)
Net (loss) earnings from continuing operations (32,365) 140,020 148,242 313,868
Earnings from discontinued operations, net of tax 0 509 0 509
Net (loss) earnings (32,365) 140,529 148,242 314,377
Net loss attributable to noncontrolling interests 507 366 433 768
Net (loss) earnings attributable to Match Group, Inc. shareholders $ (31,858) $ 140,895 $ 148,675 $ 315,145
Net (loss) earnings per share from continuing operations:        
Basic (USD per share) $ (0.11) $ 0.52 $ 0.52 $ 1.17
Diluted (USD per share) (0.11) 0.46 0.50 1.04
Net (loss) earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) (0.11) 0.52 0.52 1.17
Diluted (USD per share) $ (0.11) $ 0.46 $ 0.50 $ 1.04
Stock-based compensation expense by function:        
Stock-based compensation expense $ 54,767 $ 42,396 $ 97,062 $ 72,512
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,558 1,012 3,107 2,001
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,166 3,087 3,819 4,352
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 30,032 27,580 53,931 46,060
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 21,011 $ 10,717 $ 36,205 $ 20,099