XML 17 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 864,066 $ 829,552 $ 1,723,713 $ 1,616,676
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 244,988 250,294 501,730 490,304
Selling and marketing expense 154,628 136,597 319,929 273,956
General and administrative expense 114,304 107,698 220,545 198,309
Product development expense 113,576 94,287 229,313 192,473
Depreciation 21,092 14,565 41,613 25,117
Amortization of intangibles 10,952 11,315 21,319 23,432
Total operating costs and expenses 659,540 614,756 1,334,449 1,203,591
Operating income 204,526 214,796 389,264 413,085
Interest expense (40,038) (39,742) (80,391) (79,093)
Other income, net 10,525 3,432 19,999 6,824
Earnings before income taxes 175,013 178,486 328,872 340,816
Income tax provision (41,693) (41,141) (72,318) (82,780)
Net earnings 133,320 137,345 256,554 258,036
Net (earnings) loss attributable to noncontrolling interests (6) 0 (42) 118
Net earnings attributable to Match Group, Inc. shareholders $ 133,314 $ 137,345 $ 256,512 $ 258,154
Net earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) $ 0.50 $ 0.49 $ 0.96 $ 0.93
Diluted (USD per share) $ 0.48 $ 0.48 $ 0.93 $ 0.89
Stock-based compensation expense by function:        
Stock-based compensation expense $ 69,867 $ 60,637 $ 133,687 $ 102,200
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,809 1,673 3,520 2,990
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 3,298 2,558 6,136 4,471
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 25,018 28,088 49,229 41,205
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 39,742 $ 28,318 $ 74,802 $ 53,534