Financial Analysis

NOTE 13COMMITMENTS AND CONTINGENCIES Commitments The Company has funding commitments in the form of purchase obligations and surety bonds. The purchase obligations are $56.3 million for 2026, $73.6 million for 2027, and $70.3 million for 2028, for a total of $200.2 million in purchase obligations. The purchase obligations primarily relate to web hosting service commitments. Contingencies In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and managements view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 14BENEFIT PLANS Pursuant to the Match Group Retirement Savings Plan (the Match Group Plan), employees are eligible to participate in a retirement savings plan sponsored by the Company in the United States, which is qualified under Section 401(k) of the Internal Revenue Code. Participating employees may contribute up to 75% of their pre-tax earnings, but not more than statutory limits. The employer match under the Match Group Plan is 100% of the first 10% of a participants eligible earnings up to $10,000 , subject to IRS limits on the Companys matching contribution that a participant contributes to the Match Group Plan. Matching contributions under the plans for the years ended December 31, 2025 , 2024 , and 2023 were $14.1 million , $14.5 million and $14.0 million , respectively. Matching contributions are invested in the same manner that each participants voluntary contributions are invested under the respective plans. Internationally, Match Group also has or participates in various benefit plans, primarily defined contribution plans. The Companys contributions for these plans for the years ended December 31, 2025 , 2024 and 2023 were $4.7 million , $5.2 million , and $6.4 million , respectively. …

CompensationAndEmployeeBenefitPlansTextBlock · excerpt; the full note is in the filing

The following table presents disaggregated revenue: For the Years Ended December 31, 2025 2024 2023 (In thousands) Revenue: Direct Revenue $ 3,414,877 $ 3,417,978 $ 3,308,131 Indirect Revenue (principally advertising revenue) 72,320 61,395 56,373 Total Revenue $ 3,487,197 $ 3,479,373 $ 3,364,504 Direct Revenue: Tinder $ 1,862,922 $ 1,940,619 $ 1,917,629 Hinge 690,870 550,435 396,485 Evergreen & Emerging (a) 593,763 642,988 691,426 Match Group Asia (b) 267,322 283,936 302,591 Total Direct Revenue $ 3,414,877 $ 3,417,978 $ 3,308,131 ______________________ (a) Primarily consists of the brands Match, Meetic, OkCupid, Plenty Of Fish, and a number of demographically focused brands. (b) Primarily consists of the brands Pairs and Azar. …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"NOTE 10STOCK-BASED COMPENSATION The Com pany currently has one active stock and annual incentive plan, which was approved by shareholders on June 21, 2024, and subsequently amended and restated with shareholder approval on June 18, 2025 (the 2024 plan). The Company also has three stock and annual incentive plans that have expired or no longer have shares available for the future grant of equity awards pursuant to which certain equity awards remain outstanding and which were adopted in 2015, 2017, and 2020. The 2015, 2017, and 2024 plans cover stock options to acquire shares of Match Group common stock, RSUs, PSUs, and stock settled stock appreciation rights denominated in the equity of certain of our subsidiaries. The 2024 plan authorizes the Company to grant awards to its employees, officers, directors and consultants. At December 31, 2025 , there were 18.7 million shares available for the future grant of equity awards under the 2024 plan. The 2020 plan covers certain stock options granted in 2020. The 2024 plan has a stated term of ten years and provides that the exercise price of stock options granted will not be less than the market price of the Companys common stock on the grant date. The 2024 plan does not specify grant dates or vesting schedules of awards as those determinations have been delegated to the Compensation and Human Resources Committee of Match Groups Board of Directors (the Committee). Each grant agreement reflects the vesting schedule for that particular …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

NOTE 5FINANCIAL INSTRUMENTS Equity securities without readily determinable fair values At December 31, 2025 and 2024 , the carrying value of the Companys investments in equity securities without readily determinable fair values totaled $33.3 million and $19.3 million , respectively, and is included in Other non-current assets in the accompanying consolidated balance sheet. The cumulative downward adjustments (including impairments) and cumulative upward adjustments to the carrying value of equity securities without readily determinable fair values held as of December 31, 2025 were $2.2 million and $6.7 million , respectively. For the year ended December 31, 2025 , we recognized impairments of $0.1 million and upward adjustments of $6.7 million , which are included in Other income (expense), net in the accompanying consolidated statement of operations. For the year ended December 31, 2024 , there were no adjustments , either downward or upward, to the carrying value of equity securities without readily determinable fair values. Fair Value Measurements The fo llowing tables present the Companys financial instruments that are measured at fair value on a recurring basis: December 31, 2025 Quoted Market Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Total Fair Value Measurements (In thousands) Assets: Cash equivalents: Money market funds $ 224,837 $ $ 224,837 Time deposits 151,890 151,890 Short-term investments: Time deposits …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 4GOODWILL AND INTANGIBLE ASSETS Goodwi ll and intangible assets, net, are as follows: December 31, 2025 2024 (In thousands) Goodwill $ 2,339,350 $ 2,310,730 Intangible assets with indefinite lives 105,583 96,931 Intangible assets with definite lives, net 87,346 118,517 Total goodwill and intangible assets, net $ 2,532,279 $ 2,526,178 The following table presents the balance of goodwill, including the changes in the carrying value of goodwill, for the years ended December 31, 2025 and 2024 : Tinder Hinge Evergreen & Emerging MG Asia Total (In thousands) Balance at December 31, 2023 $ $ $ $ $ 2,342,612 Foreign Exchange Translation (19,883) Other Adjustments (2,997) Reallocation to segments in the third quarter of 2024 (a) 1,532,968 512,846 182,517 91,401 Foreign Exchange Translation (9,002) (9,002) Balance at December 31, 2024 $ 1,532,968 $ 512,846 $ 182,517 $ 82,399 $ 2,310,730 Additions 27,533 27,533 Foreign Exchange Translation 1,087 1,087 Balance at December 31, 2025 $ 1,532,968 $ 512,846 $ 210,050 $ 83,486 $ 2,339,350 ______________________ (a) Represents the reallocation of goodwill to four reporting units. As a result of the change to our operating segments in the third quarter of 2024, we reassessed our reporting units and determined that the four operating segments are also our reporting units for the purpose of evaluating goodwill for impairment. The Company re-allocated goodwill to each of the four reporting units based on their relative fair values as of Se …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 3INCOME TAXES U.S. and foreign income before income taxes are as follows: Years Ended December 31, 2025 2024 2023 (In thousands) U.S. $ 661,835 $ 677,842 $ 708,333 Foreign 84,168 26,214 68,448 Total $ 746,003 $ 704,056 $ 776,781 The components of the income tax provision (benefit) are as follows: Years Ended December 31, 2025 2024 2023 (In thousands) Current income tax provision: Federal $ 28,990 $ 106,510 $ 54,523 State 12,063 18,039 16,136 Foreign 46,554 43,146 28,038 Current income tax provision 87,607 167,695 98,697 Deferred income tax provision (benefit): Federal 43,748 (2,672) 33,267 State (1,545) (5,916) (669) Foreign 2,732 (6,364) (5,986) Deferred income tax provision (benefit) 44,935 (14,952) 26,612 Income tax provision $ 132,542 $ 152,743 $ 125,309 On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (the Act). The Act provides changes to U.S. federal tax law, including current expensing of U.S. research expenditures, immediate expensing of eligible capital expenditures, modifications to the limitation of business interest expense, and changes to other tax provisions impacting 2025 and later years. The provisions of the Act resulted in a reduction of 2025 cash tax payments, and we expect a reduction in the cash tax payments for 2026 as well. Additionally, the 2025 effective tax rate was negatively affected by the passage of the Act, primarily due to a lower deduction for U.S. income derived from foreign sources as a result of the current …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 12LEASES The Company leases office space, data center facilities, and equipment used in connection with its operations under various operating leases, many of which contain escalation clauses. ROU assets represent the Companys right to use the underlying assets for the lease term and lease liabilities represent the present value of the Companys obligation to make payments arising from leases. ROU assets and related lease liabilities are based on the present value of fixed lease payments over the lease term using the Companys incremental borrowing rates on the lease commencement date. The Company combines the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If the lease includes one or more options to extend the term of the lease, the renewal option is considered in the lease term if it is reasonably certain the Company will exercise the options. Lease expense is recognized on a straight-line basis over the term of the lease. Leases with an initial term of twelve months or less (short-term leases) are not recorded on the accompanying consolidated balance sheet. Variable lease payments consist primarily of common area maintenance, utilities, and taxes, which are not included in the recognition of ROU assets and related lease liabilities. The Companys lease agreements do not contain any material residual value guarantees or material restrictive covenants. Leases Balance Sheet Classification December 31, 2025 December …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

NOTE 6LONG-TERM DEBT, NET Long-t erm debt, net consists of: December 31, 2025 2024 (In thousands) Credit Facility due March 20, 2029 (a) $ $ Term Loan due February 13, 2027 425,000 5.00% Senior Notes due December 15, 2027 (the 5.00% Senior Notes); interest payable each June 15 and December 15 450,000 450,000 4.625% Senior Notes due June 1, 2028 (the 4.625% Senior Notes); interest payable each June 1 and December 1 500,000 500,000 5.625% Senior Notes due February 15, 2029 (the 5.625% Senior Notes); interest payable each February 15 and August 15 350,000 350,000 4.125% Senior Notes due August 1, 2030 (the 4.125% Senior Notes); interest payable each February 1 and August 1 500,000 500,000 3.625% Senior Notes due October 1, 2031 (the 3.625% Senior Notes); interest payable each April 1 and October 1 500,000 500,000 6.125% Senior Notes due September 15, 2033 (the 6.125% Senior Notes); interest payable each March 15 and September 15, commencing on March 15, 2026 700,000 0.875% Exchangeable Senior Notes due June 15, 2026 (the 2026 Exchangeable Notes); interest payable each June 15 and December 15 423,854 575,000 2.00% Exchangeable Senior Notes due January 15, 2030 (the 2030 Exchangeable Notes); interest payable each January 15 and July 15 575,000 575,000 Total long-term debt 3,998,854 3,875,000 Less: Current maturities of long-term debt 423,854 Less: Unamortized original issue discount 1,043 2,554 Less: Unamortized debt issuance costs 24,858 23,463 Total long-term debt, net $ 3,549,0 …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Accounting pronouncements adopted by the Company In December 2023, the FASB issued Accounting Standards Update (ASU) No. 2023-09, which requires additional disclosures around the income tax rate reconciliation and income taxes paid. The new standard is effective for our reporting on Form 10-K for the year ended December 31, 2025. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU No. 2023-09 disclosures for the prior periods, or may apply the amendments retrospectively by providing the revised disclosures for all periods presented. We adopted the new standard on a retrospective basis with the additional required disclosures included in Note 3Income Taxes . Accounting pronouncements not yet adopted by the Company In November 2024, the FASB issued ASU No. 2024-03, which requires more detailed disclosures about specified categories of expenses, including employee compensation, within certain expense captions presented on the face of the income statement and to disclose selling expenses. ASU No. 2024-03 is effective for our annual reporting on Form 10-K for the year ended December 31, 2027 and within interim periods beginning on our Form 10-Q for the quarter ended March 31, 2028. The new standard may be applied prospectively or retrospectively, and early adoption is permitted. We expect ASU No. 2024-03 to only impact our dis …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 11SEGMENT AND GEOGRAPHIC INFORMATION Our chief operating decision maker (CODM), who is our Chief Executive Officer, analyzes the results of our business through four operating segments consisting of brands or groups of brands within our portfolio: Tinder, Hinge, Evergreen & Emerging, and MG Asia. These four operating segments are also our reportable segments. Our CODM primarily evaluates the operating results and performance of our segments through revenue, operating income, and Adjusted EBITDA (numerically the same as our previous metric which was called Adjusted Operating Income). These financial metrics are used to view operating trends, perform analytical comparisons, compare performance between periods, and evaluate variances to forecast on a monthly basis. 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, 2025 2024 2023 (In thousands) Revenue: Tinder $ 1,924,711 $ 1,991,137 $ 1,963,610 Hinge 690,872 550,435 396,485 Evergreen & Emerging 608,093 654,168 700,925 MG Asia 268,166 284,522 303,484 Eliminations (4,645) (889) Total $ 3,487,197 $ 3,479,373 $ 3,364,504 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 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (GAAP). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company, and all entities in which the Company has a controlling financial interest. Intercompany transactions and accounts have been eliminated. Accounting for Investments in Equity Securities Investments in equity securities, other than those of our consolidated subsidiaries, are accounted for at fair value or under the measurement alternative of the Financial Accounting Standards Boards (FASB) equity securities guidance, with any changes to fair value recognized within other income, net each reporting period. Under the measurement alternative, equity investments without readily determinable fair values are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar securities of the same issuer, the value of which is generally determined based on a market approach as of the transaction date. A security will be considered identical or similar if it has identical or similar rights to the equity securities held by the Company. The Company reviews its investments in equity securities without readily determinable fair values for impairment each reporting …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 7SHAREHOLDERS EQUITY Descri ption of Common Stock Holders of Match Group common stock are entitled to one vote per share on all matters to be voted upon by the stockholders. Holders of Match Group common stock are entitled to receive, share for share, such dividends as may be declared by Match Groups Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution, or winding up, holders of the Companys common stock are entitled to receive, ratably, the assets available for distribution to stockholders after payment of all liabilities. Reserved Common Shares In connection with equity compensation plans, the Exchangeable Notes, and Exchangeable Notes Warrants, 59.3 million shares of Match Group common stock are reserved at December 31, 2025 . Common Stock Repurchases In January 2024, the Board of Directors approved a share repurchase program of up to $1.0 billion in aggregate value of shares of Match Group stock (the January 2024 Share Repurchase Program). On December 10, 2024, the Board of Directors authorized a new repurchase program of up to $1.5 billion in aggregate value of shares of Match Group common stock (the December 2024 Share Repurchase Program). The December 2024 Share Repurchase Program took effect when the January 2024 Share Repurchase Program was exhausted in April 2025. Under the December 2024 Share Repurchase Program, shares of our common stock may be purchased on a discretionary basis from time to time, subject to g …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 16SUBSEQUENT EVENT On February 6, 2026, the Company received notice from Apple that our Azar app would be removed from the Apple App Store (the App Store) within 15 days of the notice. This notice was generated as a result of a new evaluation by Apple of Azars compliance with Apples updated App Review Guidelines which were published on February 6, 2026. Specifically, Apple suggested that Azars core concept was random or anonymous chat, which Apple indicated was not allowed under the revised guidelines. On February 16, 2026, Apple notified the Company that after further discussion and deliberation, they reaffirmed their initial decision and the Azar app would be removed from the App Store as initially stated. Subsequently, Apple removed the Azar app from the App Store on February 22, 2026. Revenue from the Azar app represented approximately 4% of the Companys consolidated revenue for the years ended December 31, 2025 and 2024, a significant portion of which is processed through Apples App Store. The Company continues to work with Apple to understand if modifications could result in the reinstatement of the Azar app to the App Store. There is no guarantee these efforts will be successful. As a result of this decision, and depending on estimates of the impact and whether any of our mitigation efforts are successful, the Company will be evaluating the need for asset impairment charges during the quarter ending March 31, 2026. This evaluation includes, but is not limited to, …

SubsequentEventsTextBlock · excerpt; the full note is in the filing

The following table presents disaggregated revenue: Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (In thousands) Revenue: Direct Revenue $ 896,661 $ 879,196 $ 2,554,561 $ 2,572,628 Indirect Revenue (principally advertising revenue) 17,614 16,288 54,630 46,569 Total Revenue $ 914,275 $ 895,484 $ 2,609,191 $ 2,619,197 Direct Revenue: Tinder $ 490,613 $ 503,217 $ 1,399,167 $ 1,464,649 Hinge 184,671 145,425 504,417 402,747 Evergreen & Emerging (a) 152,241 158,390 449,254 487,925 Match Group Asia (b) 69,136 72,164 201,723 217,307 Total Direct Revenue $ 896,661 $ 879,196 $ 2,554,561 $ 2,572,628 ______________________ (a) Primarily consists of the brands Match, Meetic, OkCupid, Plenty Of Fish, and a number of demographically focused brands. (b) Primarily consists of the brands Pairs and Azar. …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

NOTE 3FINANCIAL INSTRUMENTS Equity securities without readily determinable fair values At September 30, 2025 and December 31, 2024, the carrying value of the Companys investments in equity securities without readily determinable fair values totaled $20.6 million and $19.3 million, respectively, and is included in Other non-current assets in the accompanying consolidated balance sheet. The cumulative downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values through September 30, 2025 were $2.1 million. For both the nine months ended September 30, 2025 and 2024, there were no adjustments to the carrying value of equity securities without readily determinable fair values. For all equity securities without readily determinable fair values as of September 30, 2025 and December 31, 2024, the Company has elected the measurement alternative. For the three and nine months ended September 30, 2025 and 2024, under the measurement alternative election, the Company did not identify any fair value adjustments using observable price changes in orderly transactions for an identical or similar investment of the same issuer. Fair Value Measurements The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: Level 1: Observable inputs obtained from independent sources, …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

NOTE 2INCOME TAXES At the end of each interim period, the Company estimates the annual effective income tax rate and applies that rate to its ordinary year-to-date income or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects, is individually computed and recognized in the interim period in which it occurs. In addition, the effect of changes in enacted tax laws or rates, tax status, and judgment on the realizability of beginning-of-the-year deferred tax assets in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the estimated annual effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realization of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the estimated annual effective income tax rate changes during a quarter, the effect of the change on prior quarters …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 4LONG-TERM DEBT, NET Long-term debt consists of: September 30, 2025 December 31, 2024 (In thousands) Credit Facility due March 20, 2029 (a) $ $ Term Loan due February 13, 2027 425,000 5.00% Senior Notes due December 15, 2027 (the 5.00% Senior Notes); interest payable each June 15 and December 15 450,000 450,000 4.625% Senior Notes due June 1, 2028 (the 4.625% Senior Notes); interest payable each June 1 and December 1 500,000 500,000 5.625% Senior Notes due February 15, 2029 (the 5.625% Senior Notes); interest payable each February 15 and August 15 350,000 350,000 4.125% Senior Notes due August 1, 2030 (the 4.125% Senior Notes); interest payable each February 1 and August 1 500,000 500,000 3.625% Senior Notes due October 1, 2031 (the 3.625% Senior Notes); interest payable each April 1 and October 1 500,000 500,000 6.125% Senior Notes due September 15, 2033 (the 6.125% Senior Notes); interest payable each March 15 and September 15, commencing on March 15, 2026 700,000 0.875% Exchangeable Senior Notes due June 15, 2026 (the 2026 Exchangeable Notes); interest payable each June 15 and December 15 498,629 575,000 2.00% Exchangeable Senior Notes due January 15, 2030 (the 2030 Exchangeable Notes); interest payable each January 15 and July 15 575,000 575,000 Total debt 4,073,629 3,875,000 Less: Current maturities of long-term debt 498,629 Less: Unamortized original issue discount 1,169 2,554 Less: Unamortized debt issuance costs 26,113 23,463 Total long-term debt, net $ 3,547,718 …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements Accounting pronouncements not yet adopted by the Company In December 2023, the FASB issued Accounting Standards Update (ASU) No. 2023-09, which focuses on the income tax rate reconciliation and income taxes paid. ASU No. 2023-09 requires a tabular rate reconciliation using both percentages and currency amounts, broken out into specified categories with certain reconciling items further broken out by nature and jurisdiction to the extent those items exceed a specified threshold on an annual basis. In addition, entities are required to disclose income taxes paid, net of refunds received disaggregated by federal, state/local, and foreign and by jurisdiction if the amount is at least 5% of total income tax payments, net of refunds received. The new standard is effective for our reporting on Form 10-K for the year ended December 31, 2025. Early adoption is permitted. An entity may apply the amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU No. 2023-09 disclosures for the prior periods, or may apply the amendments retrospectively by providing the revised disclosures for all periods presented. We expect ASU No. 2023-09 to only impact our disclosures with no impacts to our results of operations, cash flows, and financial condition. We plan to adopt the ASU retrospectively for our reporting on Form 10-K for the year ended December 31, 2025. In November …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 7SEGMENT INFORMATION Our chief operating decision maker (CODM), who is our Chief Executive Officer, analyzes the results of our business through four operating segments consisting of brands or groups of brands within our portfolio: Tinder, Hinge, Evergreen & Emerging, and MG Asia. These four operating segments are also our reportable segments. Our CODM primarily evaluates the operating results and performance of our segments through revenue, operating income, and Adjusted EBITDA (numerically the same as our previous metric which was called Adjusted Operating Income). These financial metrics are used to view operating trends, perform analytical comparisons, compare performance between periods, and evaluate variances to forecast on a monthly basis. 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 segment profitability measures, operating income (loss) and Adjusted E …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing