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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Revenue: |  |  |  |  |  |  |
Tinder | $ | 476,701 |  |  | $ | 492,908 |  |  | $ | 940,117 |  |  | $ | 986,018 |
Hinge | 167,505 |  |  | 133,569 |  |  | 319,748 |  |  | 257,322 |
Evergreen & Emerging | 151,349 |  |  | 163,757 |  |  | 303,778 |  |  | 334,893 |
MG Asia | 69,155 |  |  | 73,838 |  |  | 132,978 |  |  | 145,486 |
Eliminations | (972) |  |  | (6) |  |  | (1,705) |  |  | (6) |
Total | $ | 863,738 |  |  | $ | 864,066 |  |  | $ | 1,694,916 |  |  | $ | 1,723,713 |
The following tables present the significant segment expenses regularly reviewed by our CODM:
| Three Months Ended June 30, 2025
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 98,285 |  |  | $ | 45,645 |  |  | $ | 16,988 |  |  | $ | 16,103 |
Cost of acquisition | 39,284 |  |  | 28,873 |  |  | 46,283 |  |  | 17,931 |
Variable expense | 27,857 |  |  | 5,485 |  |  | 6,838 |  |  | 4,725 |
Employee compensation expense, excluding stock-based compensation expense | 51,620 |  |  | 26,715 |  |  | 36,005 |  |  | 10,620 |
Other operating expenses(a) | 13,441 |  |  | 6,952 |  |  | 29,164 |  |  | 3,824 |
Stock-based compensation(b) | 23,722 |  |  | 14,044 |  |  | 10,409 |  |  | 5,652 |
Depreciation(b) | 5,524 |  |  | 865 |  |  | 6,500 |  |  | 3,623 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 3,559 |  |  | 6,939 |
| Three Months Ended June 30, 2024
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 100,218 |  |  | $ | 36,444 |  |  | $ | 17,141 |  |  | $ | 15,448 |
Cost of acquisition | 44,040 |  |  | 23,651 |  |  | 48,208 |  |  | 18,754 |
Variable expense | 31,505 |  |  | 4,487 |  |  | 11,661 |  |  | 10,338 |
Employee compensation expense, excluding stock-based compensation expense | 51,061 |  |  | 21,783 |  |  | 32,318 |  |  | 10,977 |
Other operating expenses(a) | 14,387 |  |  | 4,979 |  |  | 12,113 |  |  | 4,546 |
Stock-based compensation(b) | 23,415 |  |  | 11,464 |  |  | 14,620 |  |  | 6,758 |
Depreciation(b) | 9,752 |  |  | 547 |  |  | 5,154 |  |  | 4,336 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 2,906 |  |  | 8,046 |
| Six Months Ended June 30, 2025
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 193,528 |  |  | $ | 87,312 |  |  | $ | 34,737 |  |  | $ | 30,525 |
Cost of acquisition | 84,901 |  |  | 54,399 |  |  | 99,540 |  |  | 33,472 |
Variable expense | 58,241 |  |  | 10,431 |  |  | 13,654 |  |  | 9,593 |
Employee compensation expense, excluding stock-based compensation expense | 103,515 |  |  | 58,461 |  |  | 71,146 |  |  | 19,280 |
Other operating expenses(a) | 25,250 |  |  | 12,735 |  |  | 39,955 |  |  | 5,176 |
Stock-based compensation(b) | 49,037 |  |  | 27,276 |  |  | 22,636 |  |  | 10,486 |
Depreciation(b) | 15,329 |  |  | 1,583 |  |  | 12,817 |  |  | 7,297 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 7,012 |  |  | 13,964 |
| Six Months Ended June 30, 2024
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 208,557 |  |  | $ | 71,092 |  |  | $ | 35,629 |  |  | $ | 32,030 |
Cost of acquisition | 94,587 |  |  | 48,607 |  |  | 100,337 |  |  | 36,737 |
Variable expense | 60,737 |  |  | 8,779 |  |  | 26,296 |  |  | 18,117 |
Employee compensation expense, excluding stock-based compensation expense | 104,664 |  |  | 48,518 |  |  | 68,760 |  |  | 21,880 |
Other operating expenses(a) | 25,940 |  |  | 9,146 |  |  | 23,279 |  |  | 9,645 |
Stock-based compensation(b) | 43,956 |  |  | 21,379 |  |  | 28,668 |  |  | 14,839 |
Depreciation(b) | 19,005 |  |  | 1,082 |  |  | 9,992 |  |  | 8,926 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 4,975 |  |  | 16,344 |
______________________ (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.
Schedule of Reconciliation of 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:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Operating income (loss): |  |  |  |  |  |  |
Tinder | $ | 216,968 |  |  | $ | 218,530 |  |  | $ | 410,316 |  |  | $ | 428,572 |
Hinge | 38,926 |  |  | 30,214 |  |  | 67,551 |  |  | 48,719 |
Evergreen & Emerging | (4,397) |  |  | 19,636 |  |  | 2,281 |  |  | 36,957 |
MG Asia | (262) |  |  | (5,365) |  |  | 3,185 |  |  | (13,032) |
Total segment operating income | 251,235 |  |  | 263,015 |  |  | 483,333 |  |  | 501,216 |
Corporate and unallocated costs(a) | (57,314) |  |  | (58,489) |  |  | (116,819) |  |  | (111,952) |
Interest expense | (32,160) |  |  | (40,038) |  |  | (67,416) |  |  | (80,391) |
Other (expense) income, net | (4,056) |  |  | 10,525 |  |  | (1,440) |  |  | 19,999 |
Earnings before income taxes | $ | 157,705 |  |  | $ | 175,013 |  |  | $ | 297,658 |  |  | $ | 328,872 |
______________________ (a)Includes stock-based compensation and depreciation
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Adjusted Operating Income: |  |  |  |  |  |  |
Tinder | $ | 246,214 |  |  | $ | 251,697 |  |  | $ | 474,682 |  |  | $ | 491,533 |
Hinge | 53,835 |  |  | 42,225 |  |  | 96,410 |  |  | 71,180 |
Evergreen & Emerging | 16,071 |  |  | 42,316 |  |  | 44,746 |  |  | 80,592 |
MG Asia | 15,952 |  |  | 13,775 |  |  | 34,932 |  |  | 27,077 |
Total segment Adjusted Operating Income | 332,072 |  |  | 350,013 |  |  | 650,770 |  |  | 670,382 |
Corporate and unallocated costs | (42,125) |  |  | (43,576) |  |  | (85,629) |  |  | (84,499) |
Stock-based compensation | (67,467) |  |  | (69,867) |  |  | (137,861) |  |  | (133,687) |
Depreciation | (18,061) |  |  | (21,092) |  |  | (39,790) |  |  | (41,613) |
Amortization of intangibles | (10,498) |  |  | (10,952) |  |  | (20,976) |  |  | (21,319) |
Interest expense | (32,160) |  |  | (40,038) |  |  | (67,416) |  |  | (80,391) |
Other (expense) income, net | (4,056) |  |  | 10,525 |  |  | (1,440) |  |  | 19,999 |
Earnings before income taxes | $ | 157,705 |  |  | $ | 175,013 |  |  | $ | 297,658 |  |  | $ | 328,872 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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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