XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 829,552 $ 794,513 $ 1,616,676 $ 1,593,144
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 250,294 240,840 490,304 477,076
Selling and marketing expense 136,597 125,679 273,956 277,567
General and administrative expense 107,698 110,638 198,309 211,343
Product development expense 94,287 86,410 192,473 165,204
Depreciation 14,565 11,488 25,117 21,985
Impairment and amortization of intangibles 11,315 229,539 23,432 242,232
Total operating costs and expenses 614,756 804,594 1,203,591 1,395,407
Operating income (loss) 214,796 (10,081) 413,085 197,737
Interest expense (39,742) (35,623) (79,093) (70,519)
Other income, net 3,432 5,291 6,824 6,109
Earnings (loss) before income taxes 178,486 (40,413) 340,816 133,327
Income tax (provision) benefit (41,141) 8,048 (82,780) 14,915
Net earnings (loss) 137,345 (32,365) 258,036 148,242
Net loss attributable to noncontrolling interests 0 507 118 433
Net earnings (loss) attributable to Match Group, Inc. shareholders $ 137,345 $ (31,858) $ 258,154 $ 148,675
Net earnings (loss) per share attributable to Match Group, Inc. shareholders:        
Earnings (loss) per share attributable to Match Group, Inc. shareholders - basic (USD per share) $ 0.49 $ (0.11) $ 0.93 $ 0.52
Earnings (loss) per share attributable to Match Group, Inc. shareholders - diluted (USD per share) $ 0.48 $ (0.11) $ 0.89 $ 0.50
Stock-based compensation expense by function:        
Stock-based compensation expense $ 60,637 $ 54,767 $ 102,200 $ 97,062
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,673 1,558 2,990 3,107
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,558 2,166 4,471 3,819
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 28,088 30,032 41,205 53,931
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 28,318 $ 21,011 $ 53,534 $ 36,205