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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 895,484 $ 881,600 $ 2,619,197 $ 2,498,276
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 253,129 255,598 754,859 745,902
Selling and marketing expense 156,656 153,408 476,585 427,364
General and administrative expense 103,923 107,095 324,468 305,404
Product development expense 103,724 94,141 333,037 286,614
Depreciation 25,302 17,310 66,915 42,427
Impairments and amortization of intangibles 42,090 10,489 63,409 33,921
Total operating costs and expenses 684,824 638,041 2,019,273 1,841,632
Operating income 210,660 243,559 599,924 656,644
Interest expense (40,120) (40,380) (120,511) (119,473)
Other income, net 7,100 7,905 27,099 14,729
Earnings before income taxes 177,640 211,084 506,512 551,900
Income tax provision (41,159) (47,328) (113,477) (130,108)
Net earnings 136,481 163,756 393,035 421,792
Net (earnings) loss attributable to noncontrolling interests (13) (29) (55) 89
Net earnings attributable to Match Group, Inc. shareholders $ 136,468 $ 163,727 $ 392,980 $ 421,881
Net earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) $ 0.53 $ 0.59 $ 1.49 $ 1.52
Diluted (USD per share) $ 0.51 $ 0.57 $ 1.43 $ 1.46
Stock-based compensation expense by function:        
Stock-based compensation expense $ 64,488 $ 61,745 $ 198,175 $ 163,945
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,747 1,521 5,267 4,511
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 3,259 2,374 9,395 6,845
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 26,639 27,862 75,868 69,067
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 32,843 $ 29,988 $ 107,645 $ 83,522