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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 555,450 $ 497,973 $ 1,100,092 $ 962,598
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 148,853 126,665 292,747 246,889
Selling and marketing expense 90,801 94,888 215,291 213,551
General and administrative expense 68,204 63,267 147,523 118,467
Product development expense 41,929 32,680 85,699 76,954
Depreciation 9,669 8,752 19,063 17,045
Amortization of intangibles 400 412 6,803 823
Total operating costs and expenses 359,856 326,664 767,126 673,729
Operating income 195,594 171,309 332,966 288,869
Interest expense (45,647) (33,545) (88,296) (60,997)
Other income, net 17,410 2,538 21,264 1,050
Earnings from continuing operations, before tax 167,357 140,302 265,934 228,922
Income tax (provision) benefit (34,436) (21,076) 16,311 7,986
Net earnings from continuing operations 132,921 119,226 282,245 236,908
(Loss) earnings from discontinued operations, net of tax (34,611) 27,565 (366,578) 22,868
Net earnings (loss) 98,310 146,791 (84,333) 259,776
Net earnings attributable to noncontrolling interests (31,869) (33,324) (60,266) (57,614)
Net earnings (loss) attributable to Match Group, Inc. shareholders $ 66,441 $ 113,467 $ (144,599) $ 202,162
Net earnings per share from continuing operations:        
Basic (USD per share) $ 0.56 $ 0.52 $ 1.21 $ 1.04
Diluted (USD per share) 0.51 0.45 1.10 0.90
Net earnings (loss) per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) 0.36 0.62 (0.79) 1.11
Diluted (USD per share) $ 0.32 $ 0.55 $ (0.80) $ 0.97
Stock-based compensation expense by function:        
Stock-based compensation expense $ 22,140 $ 22,015 $ 43,312 $ 50,012
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 969 676 2,136 1,941
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,295 1,330 2,442 2,726
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 10,634 13,290 21,515 23,061
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 9,242 $ 6,719 $ 17,219 $ 22,284