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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 809,546 $ 801,835 $ 2,402,690 $ 2,177,207
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 246,962 232,211 724,038 604,765
Selling and marketing expense 129,615 153,388 407,182 427,294
General and administrative expense 114,169 103,502 325,512 304,560
Product development expense 87,880 66,974 253,084 174,683
Depreciation 10,679 10,104 32,664 30,622
Impairment and amortization of intangibles 9,606 15,066 251,838 15,521
Total operating costs and expenses 598,911 581,245 1,994,318 1,557,445
Operating income 210,635 220,590 408,372 619,762
Interest expense (36,814) (31,850) (107,333) (95,907)
Other income (expense), net 2,326 (39,212) 8,435 (40,886)
Earnings from continuing operations, before tax 176,147 149,528 309,474 482,969
Income tax provision (47,881) (18,627) (32,966) (38,200)
Net earnings from continuing operations 128,266 130,901 276,508 444,769
Earnings from discontinued operations, net of tax 0 0 0 509
Net earnings 128,266 130,901 276,508 445,278
Net loss attributable to noncontrolling interests 430 309 863 1,077
Net earnings attributable to Match Group, Inc. shareholders $ 128,696 $ 131,210 $ 277,371 $ 446,355
Net earnings per share from continuing operations:        
Basic (USD per share) $ 0.46 $ 0.47 $ 0.98 $ 1.64
Diluted (USD per share) 0.44 0.43 0.94 1.46
Net earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) 0.46 0.47 0.98 1.64
Diluted (USD per share) $ 0.44 $ 0.43 $ 0.94 $ 1.46
Stock-based compensation expense by function:        
Stock-based compensation expense $ 53,262 $ 39,569 $ 150,324 $ 112,081
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,440 1,960 4,547 3,961
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,011 1,760 5,830 6,112
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 26,154 19,709 80,085 65,769
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 23,657 $ 16,140 $ 59,862 $ 36,239