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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Revenue: |  |  |  |  |  |  |
Tinder | $ | 505,344 |  |  | $ | 516,778 |  |  | $ | 1,445,461 |  |  | $ | 1,502,796 |
Hinge | 184,671 |  |  | 145,425 |  |  | 504,419 |  |  | 402,747 |
Evergreen & Emerging | 156,252 |  |  | 161,181 |  |  | 460,030 |  |  | 496,074 |
MG Asia | 69,364 |  |  | 72,282 |  |  | 202,342 |  |  | 217,768 |
Eliminations | (1,356) |  |  | (182) |  |  | (3,061) |  |  | (188) |
Total | $ | 914,275 |  |  | $ | 895,484 |  |  | $ | 2,609,191 |  |  | $ | 2,619,197 |
The following tables present the significant segment expenses regularly reviewed by our CODM:
| Three Months Ended September 30, 2025
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 102,978 |  |  | $ | 49,703 |  |  | $ | 15,462 |  |  | $ | 15,993 |
Cost of acquisition | 55,977 |  |  | 32,729 |  |  | 47,094 |  |  | 21,280 |
Variable expense | 27,081 |  |  | 6,499 |  |  | 7,123 |  |  | 4,752 |
Employee compensation expense, excluding stock-based compensation expense | 43,067 |  |  | 26,238 |  |  | 27,314 |  |  | 7,971 |
Other operating expenses(a) | 72,423 |  |  | 6,879 |  |  | 11,886 |  |  | 4,078 |
Stock-based compensation(b) | 17,624 |  |  | 15,238 |  |  | 5,956 |  |  | 5,332 |
Depreciation(b) | 2,451 |  |  | 1,071 |  |  | 6,268 |  |  | 3,938 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 3,702 |  |  | 5,219 |
| Three Months Ended September 30, 2024
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 105,990 |  |  | $ | 39,869 |  |  | $ | 17,694 |  |  | $ | 16,021 |
Cost of acquisition | 49,767 |  |  | 23,993 |  |  | 50,838 |  |  | 17,977 |
Variable expense | 33,191 |  |  | 3,631 |  |  | 8,519 |  |  | 5,670 |
Employee compensation expense, excluding stock-based compensation expense | 48,601 |  |  | 21,394 |  |  | 32,125 |  |  | 10,547 |
Other operating expenses(a) | 12,904 |  |  | 5,112 |  |  | 10,437 |  |  | 4,227 |
Stock-based compensation(b) | 22,601 |  |  | 8,599 |  |  | 13,310 |  |  | 5,844 |
Depreciation(b) | 9,420 |  |  | 620 |  |  | 5,918 |  |  | 8,031 |
Impairments and amortization of intangible assets(b) | — |  |  | — |  |  | 19,230 |  |  | 22,860 |
| Nine Months Ended September 30, 2025
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 296,506 |  |  | $ | 137,015 |  |  | $ | 50,199 |  |  | $ | 46,518 |
Cost of acquisition | 140,878 |  |  | 87,128 |  |  | 146,634 |  |  | 54,752 |
Variable expense | 85,322 |  |  | 16,930 |  |  | 20,777 |  |  | 14,345 |
Employee compensation expense, excluding stock-based compensation expense | 146,582 |  |  | 84,699 |  |  | 98,460 |  |  | 27,251 |
Other operating expenses(a) | 97,673 |  |  | 19,614 |  |  | 51,841 |  |  | 9,254 |
Stock-based compensation(b) | 66,661 |  |  | 42,514 |  |  | 28,592 |  |  | 15,818 |
Depreciation(b) | 17,780 |  |  | 2,654 |  |  | 19,085 |  |  | 11,235 |
Amortization of intangible assets(b) | — |  |  | — |  |  | 10,714 |  |  | 19,183 |
| Nine Months Ended September 30, 2024
| Tinder |  | Hinge |  | Evergreen & Emerging |  | MG Asia
| (In thousands)
In-app purchase fees | $ | 314,547 |  |  | $ | 110,961 |  |  | $ | 53,323 |  |  | $ | 48,051 |
Cost of acquisition | 144,354 |  |  | 72,600 |  |  | 151,175 |  |  | 54,714 |
Variable expense | 93,928 |  |  | 12,410 |  |  | 34,815 |  |  | 23,787 |
Employee compensation expense, excluding stock-based compensation expense | 153,265 |  |  | 69,912 |  |  | 100,885 |  |  | 32,427 |
Other operating expenses(a) | 38,844 |  |  | 14,258 |  |  | 33,716 |  |  | 13,872 |
Stock-based compensation(b) | 66,557 |  |  | 29,978 |  |  | 41,978 |  |  | 20,683 |
Depreciation(b) | 28,425 |  |  | 1,702 |  |  | 15,910 |  |  | 16,957 |
Impairments and amortization of intangible assets(b) | — |  |  | — |  |  | 24,205 |  |  | 39,204 |
______________________ (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 EBITDA.
Schedule of Reconciliation of Operating Income (Loss) | The following tables present the segment profitability measures, operating income (loss) and Adjusted EBITDA, and a reconciliation of the total segment profitability measures to income before income taxes:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Operating income (loss): |  |  |  |  |  |  |
Tinder | $ | 183,743 |  |  | $ | 234,304 |  |  | $ | 594,059 |  |  | $ | 662,876 |
Hinge | 46,314 |  |  | 42,207 |  |  | 113,865 |  |  | 90,926 |
Evergreen & Emerging | 31,447 |  |  | 3,110 |  |  | 33,728 |  |  | 40,067 |
MG Asia | 801 |  |  | (18,895) |  |  | 3,986 |  |  | (31,927) |
Total segment operating income | 262,305 |  |  | 260,726 |  |  | 745,638 |  |  | 761,942 |
Corporate and unallocated costs(a) | (40,971) |  |  | (50,066) |  |  | (157,790) |  |  | (162,018) |
Interest expense | (37,024) |  |  | (40,120) |  |  | (104,440) |  |  | (120,511) |
Other income, net | 9,328 |  |  | 7,100 |  |  | 7,888 |  |  | 27,099 |
Income before income taxes | $ | 193,638 |  |  | $ | 177,640 |  |  | $ | 491,296 |  |  | $ | 506,512 |
______________________ (a)Includes stock-based compensation and depreciation
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (In thousands)
Adjusted EBITDA: |  |  |  |  |  |  |
Tinder | $ | 203,818 |  |  | $ | 266,325 |  |  | $ | 678,500 |  |  | $ | 757,858 |
Hinge | 62,623 |  |  | 51,426 |  |  | 159,033 |  |  | 122,606 |
Evergreen & Emerging | 47,373 |  |  | 41,568 |  |  | 92,119 |  |  | 122,160 |
MG Asia | 15,290 |  |  | 17,840 |  |  | 50,222 |  |  | 44,917 |
Total segment Adjusted EBITDA | 329,104 |  |  | 377,159 |  |  | 979,874 |  |  | 1,047,541 |
Corporate and unallocated costs | (27,698) |  |  | (34,619) |  |  | (113,327) |  |  | (119,118) |
Stock-based compensation | (56,306) |  |  | (64,488) |  |  | (194,167) |  |  | (198,175) |
Depreciation | (14,845) |  |  | (25,302) |  |  | (54,635) |  |  | (66,915) |
Impairments and amortization of intangibles | (8,921) |  |  | (42,090) |  |  | (29,897) |  |  | (63,409) |
Interest expense | (37,024) |  |  | (40,120) |  |  | (104,440) |  |  | (120,511) |
Other income, net | 9,328 |  |  | 7,100 |  |  | 7,888 |  |  | 27,099 |
Income before income taxes | $ | 193,638 |  |  | $ | 177,640 |  |  | $ | 491,296 |  |  | $ | 506,512 |

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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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