$MTCH

USA INTERACTIVE

CIK:0000891103|SEC Filings

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 853,105	$ 863,738	$ 1,717,039	$ 1,694,916
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	204,262	241,938	414,918	478,846
Selling and marketing expense	158,253	148,254	321,283	305,350
General and administrative expense	106,468	136,555	195,596	248,075
Product development expense	114,816	114,511	231,621	235,365
Depreciation	15,325	18,061	29,457	39,790
Impairment and amortization of intangibles	8,531	10,498	42,298	20,976
Total operating costs and expenses	607,655	669,817	1,235,173	1,328,402
Operating income	245,450	193,921	481,866	366,514
Interest expense	(42,381)	(32,160)	(84,906)	(67,416)
Other income (expense), net	11,579	(4,056)	18,219	(1,440)
Income before income taxes	214,648	157,705	415,179	297,658
Income tax provision	(44,102)	(32,227)	(77,788)	(54,609)
Net income	170,546	125,478	337,391	243,049
Net income attributable to noncontrolling interests	0	0	(8)	(1)
Net income attributable to Match Group, Inc. shareholders	$ 170,546	$ 125,478	$ 337,383	$ 243,048
Net earnings per share attributable to Match Group, Inc. shareholders:
Basic (USD per share)	$ 0.73	$ 0.51	$ 1.45	$ 0.98
Diluted (USD per share)	$ 0.70	$ 0.49	$ 1.37	$ 0.93

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net income	$ 337,391	$ 243,049
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	120,588	137,861
Depreciation	29,457	39,790
Impairments and amortization of intangibles	42,298	20,976
Deferred income taxes	26,726	(7,908)
Other adjustments, net	(1,985)	15,721
Changes in assets and liabilities
Accounts receivable	22,487	(12,739)
Other assets	12,570	32,304
Accounts payable and other liabilities	(47,425)	(19,438)
Income taxes payable and receivable	20,060	(6,071)
Deferred revenue	2,032	(6,586)
Net cash provided by operating activities	564,199	436,959
Cash flows from investing activities:
Capital expenditures	(37,698)	(28,297)
Purchases of investments	(112,000)	0
Other, net	12	(25,976)
Net cash used in investing activities	(149,686)	(54,273)
Cash flows from financing activities:
Principal payments on Term Loan	0	(425,000)
Payments to settle exchangeable notes	(423,854)	0
Proceeds from issuance of common stock pursuant to stock-based awards and employee stock purchase plan	3,157	3,598
Withholding taxes paid on behalf of employees on net settled stock-based awards	(92,489)	(89,921)
Purchases of treasury stock	(245,400)	(419,676)
Dividends	(90,929)	(94,968)
Purchase of noncontrolling interests	(232)	(84)
Other, net	(6,010)	(6,225)
Net cash used in financing activities	(855,757)	(1,032,276)
Total cash used	(441,244)	(649,590)
Effect of exchange rate changes on cash and cash equivalents	(6,014)	18,840
Net decrease in cash and cash equivalents	(447,258)	(630,750)
Cash and cash equivalents at beginning of period	1,027,838	965,993
Cash and cash equivalents at end of period	$ 580,580	$ 335,243

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 580,580	$ 1,027,838
Short-term investments	3,228	3,461
Accounts receivable, net of allowance of $306 and $304, respectively	279,307	303,495
Other current assets	89,111	92,500
Total current assets	952,226	1,427,294
Property and equipment, net of accumulated depreciation and amortization of $330,290 and $323,896, respectively	146,255	131,159
Goodwill	2,335,189	2,339,350
Intangible assets, net of accumulated amortization of $180,126 and $172,567, respectively	152,985	192,929
Deferred income taxes	180,442	216,057
Other non-current assets	266,818	154,022
TOTAL ASSETS	4,033,915	4,460,811
LIABILITIES
Current maturities of long-term debt, net	0	423,580
Accounts payable	26,609	9,577
Deferred revenue	152,738	151,337
Accrued expenses and other current liabilities	373,025	422,051
Total current liabilities	552,372	1,006,545
Long-term debt, net	3,551,878	3,549,099
Income taxes payable	48,806	43,522
Deferred income taxes	1,552	10,732
Other long-term liabilities	116,362	104,309
Commitments and contingencies
SHAREHOLDERS’ EQUITY
Common stock; $0.001 par value; authorized 1,600,000,000 shares; 304,807,863 and 300,166,909 shares issued; and 229,905,859 and 232,530,646 outstanding at June 30, 2026 and December 31, 2025, respectively	305	300
Additional paid-in capital	8,663,665	8,721,015
Retained deficit	(5,628,924)	(5,966,307)
Accumulated other comprehensive loss	(441,337)	(422,620)
Treasury stock; 74,902,004 and 67,636,263 shares, respectively	(2,830,764)	(2,585,892)
Total Match Group, Inc. shareholders’ equity	(237,055)	(253,504)
Noncontrolling interests	0	108
Total shareholders’ equity	(237,055)	(253,396)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 4,033,915	$ 4,460,811