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SEGMENT AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information | The following table presents revenue by segment, which includes revenue from customers in the form of direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment revenue, which is eliminated in consolidated results:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Revenue: |  |  |  |  |
Tinder | $ | 1,991,137 |  |  | $ | 1,963,610 |  |  | $ | 1,841,629 |
Hinge | 550,435 |  |  | 396,485 |  |  | 283,668 |
Evergreen & Emerging | 654,168 |  |  | 700,925 |  |  | 741,256 |
MG Asia | 284,522 |  |  | 303,484 |  |  | 322,290 |
Eliminations | (889) |  |  | — |  |  | — |
Total | $ | 3,479,373 |  |  | $ | 3,364,504 |  |  | $ | 3,188,843 |
The following tables present the significant segment expenses regularly reviewed by our CODM:
| Year Ended December 31, 2024
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 414,908 |  |  | $ | 151,467 |  |  | $ | 70,735 |  |  | $ | 63,292 |
Cost of acquisition | 183,220 |  |  | 98,808 |  |  | 195,738 |  |  | 73,407 |
Variable expense | 122,053 |  |  | 17,100 |  |  | 41,592 |  |  | 28,321 |
Employee compensation expense, excluding stock-based compensation expense | 197,157 |  |  | 95,445 |  |  | 131,039 |  |  | 40,632 |
Other operating expenses(a) | 56,776 |  |  | 21,137 |  |  | 44,646 |  |  | 18,064 |
Stock-based compensation(b) | 90,141 |  |  | 42,673 |  |  | 54,922 |  |  | 25,818 |
Depreciation(b) | 37,660 |  |  | 2,323 |  |  | 21,732 |  |  | 20,834 |
Impairment and amortization of intangible assets(b) | — |  |  | — |  |  | 27,676 |  |  | 46,499 |
| Year Ended December 31, 2023
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 417,571 |  |  | $ | 110,093 |  |  | $ | 70,012 |  |  | $ | 70,251 |
Cost of acquisition | 167,566 |  |  | 67,758 |  |  | 202,831 |  |  | 77,456 |
Variable expense | 119,333 |  |  | 15,004 |  |  | 63,779 |  |  | 29,296 |
Employee compensation expense, excluding stock-based compensation expense | 167,019 |  |  | 79,084 |  |  | 148,285 |  |  | 42,338 |
Other operating expenses(a) | 42,761 |  |  | 16,900 |  |  | 52,222 |  |  | 22,353 |
Stock-based compensation(b) | 68,644 |  |  | 31,459 |  |  | 50,268 |  |  | 23,399 |
Depreciation(b) | 25,197 |  |  | 1,926 |  |  | 18,732 |  |  | 11,671 |
Impairment and amortization of intangible assets(b) | — |  |  | — |  |  | 12,336 |  |  | 35,395 |
| Year Ended December 31, 2022
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 384,995 |  |  | $ | 79,098 |  |  | $ | 64,044 |  |  | $ | 73,154 |
Cost of acquisition | 110,625 |  |  | 37,147 |  |  | 234,872 |  |  | 91,607 |
Variable expense | 110,106 |  |  | 10,613 |  |  | 71,205 |  |  | 50,873 |
Employee compensation expense, excluding stock-based compensation expense | 160,816 |  |  | 51,645 |  |  | 155,347 |  |  | 43,410 |
Other operating expenses(a) | 47,204 |  |  | 14,017 |  |  | 56,071 |  |  | 28,814 |
Stock-based compensation(b) | 56,085 |  |  | 10,794 |  |  | 52,498 |  |  | 28,294 |
Depreciation(b) | 15,328 |  |  | 1,631 |  |  | 17,971 |  |  | 5,277 |
Impairment and amortization of intangible assets(b) | — |  |  | — |  |  | 53,369 |  |  | 312,888 |
______________________ (a)Other operating expenses primarily consists of office rent, business software, travel, indirect taxes, and professional fees. (b)Expense is a non-cash item and excluded from the profitability measure of Adjusted Operating Income (Loss).
Schedule of Reconciliation of Operating Income (Loss) and Adjusted Operating Income (Loss) | The following tables present the segment profitability measures, operating income (loss) and Adjusted Operating Income, and a reconciliation of the total segment profitability measures to earnings before income taxes:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Operating income (loss): |  |  |  |  |
Tinder | $ | 889,222 |  |  | $ | 955,519 |  |  | $ | 956,470 |
Hinge | 121,482 |  |  | 74,261 |  |  | 78,723 |
Evergreen & Emerging | 66,088 |  |  | 82,460 |  |  | 35,879 |
MG Asia | (32,345) |  |  | (8,675) |  |  | (312,027) |
Total segment operating income | 1,044,447 |  |  | 1,103,565 |  |  | 759,045 |
Corporate and unallocated costs(a) | (221,135) |  |  | (186,669) |  |  | (244,040) |
Interest expense | (160,071) |  |  | (159,887) |  |  | (145,547) |
Other income, net | 40,815 |  |  | 19,772 |  |  | 8,033 |
Earnings before income taxes | $ | 704,056 |  |  | $ | 776,781 |  |  | $ | 377,491 |
______________________ (a)Includes stock-based compensation and depreciation.
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Adjusted Operating Income: |  |  |  |  |
Tinder | $ | 1,017,023 |  |  | $ | 1,049,360 |  |  | $ | 1,027,883 |
Hinge | 166,478 |  |  | 107,646 |  |  | 91,148 |
Evergreen & Emerging | 170,418 |  |  | 163,796 |  |  | 159,717 |
MG Asia | 60,806 |  |  | 61,790 |  |  | 34,432 |
Total segment Adjusted Operating Income | 1,414,725 |  |  | 1,382,592 |  |  | 1,313,180 |
Corporate and unallocated costs | (162,358) |  |  | (124,059) |  |  | (184,444) |
Stock-based compensation | (267,381) |  |  | (232,099) |  |  | (203,880) |
Depreciation | (87,499) |  |  | (61,807) |  |  | (43,594) |
Impairments and amortization of intangibles | (74,175) |  |  | (47,731) |  |  | (366,257) |
Interest expense | (160,071) |  |  | (159,887) |  |  | (145,547) |
Other income, net | 40,815 |  |  | 19,772 |  |  | 8,033 |
Earnings before income taxes | $ | 704,056 |  |  | $ | 776,781 |  |  | $ | 377,491 |
Corporate and unallocated costs includes 1) corporate expenses (such as executive management, investor relations, corporate development, and board of director and public company listing fees), 2) portions of corporate services (such as legal, human resources, accounting, and tax), and 3) certain centrally managed services and technology that have not been allocated to the individual business segments (such as central trust and safety operations and certain shared software).
Schedule of Revenue and Long-lived Assets | Revenue by geography is based on where the customer is located. The United States is the only country from which revenue is greater than 10 percent of total revenue. Geographic information about revenue and long-lived assets is presented below:
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Revenue |  |  |  |  |
United States | $ | 1,593,611 |  |  | $ | 1,541,012 |  |  | $ | 1,450,702 |
All other countries | 1,885,762 |  |  | 1,823,492 |  |  | 1,738,141 |
Total | $ | 3,479,373 |  |  | $ | 3,364,504 |  |  | $ | 3,188,843 |
| December 31,
| 2024 |  | 2023
| (In thousands)
Long-lived assets (excluding goodwill and intangible assets) |  |  |
United States | $ | 119,638 |  |  | $ | 143,502 |
South Korea | 16,608 |  |  | 23,708 |
All other countries | 21,943 |  |  | 27,315 |
Total | $ | 158,189 |  |  | $ | 194,525 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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