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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 639,770 $ 541,493 $ 1,739,862 $ 1,504,091
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 169,823 138,225 462,570 385,114
Selling and marketing expense 129,859 113,581 345,150 327,132
General and administrative expense 88,961 68,668 236,484 187,135
Product development expense 39,280 36,609 124,979 113,563
Depreciation 11,221 8,533 30,284 25,578
Amortization of intangibles 459 641 7,262 1,464
Total operating costs and expenses 439,603 366,257 1,206,729 1,039,986
Operating income 200,167 175,236 533,133 464,105
Interest expense (43,189) (38,993) (131,485) (99,990)
Other (expense) income, net (1,923) 2,788 19,341 3,838
Earnings from continuing operations, before tax 155,055 139,031 420,989 367,953
Income tax (provision) benefit (23,568) (1,240) (7,257) 6,746
Net earnings from continuing operations 131,487 137,791 413,732 374,699
Earnings (loss) from discontinued operations, net of tax 508 21,981 (366,070) 44,849
Net earnings 131,995 159,772 47,662 419,548
Net loss (earnings) attributable to noncontrolling interests 586 (31,228) (59,680) (88,842)
Net earnings (loss) attributable to Match Group, Inc. shareholders $ 132,581 $ 128,544 $ (12,018) $ 330,706
Net earnings per share from continuing operations:        
Basic (USD per share) $ 0.51 $ 0.60 $ 1.69 $ 1.63
Diluted (USD per share) 0.45 0.52 1.53 1.42
Net earnings (loss) per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) 0.51 0.71 (0.06) 1.82
Diluted (USD per share) $ 0.46 $ 0.63 $ (0.10) $ 1.60
Stock-based compensation expense by function:        
Stock-based compensation expense $ 37,335 $ 20,805 $ 80,647 $ 70,817
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,007 919 3,143 2,860
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,402 1,199 3,844 3,925
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 26,870 10,854 48,385 33,915
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 8,056 $ 7,833 $ 25,275 $ 30,117