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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 801,835 $ 639,770 $ 2,177,207 $ 1,739,862
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 232,211 169,823 604,765 462,570
Selling and marketing expense 153,388 129,859 427,294 345,150
General and administrative expense 103,502 88,961 304,560 236,484
Product development expense 66,974 39,280 174,683 124,979
Depreciation 10,104 11,221 30,622 30,284
Amortization of intangibles 15,066 459 15,521 7,262
Total operating costs and expenses 581,245 439,603 1,557,445 1,206,729
Operating income 220,590 200,167 619,762 533,133
Interest expense (31,850) (32,009) (95,907) (98,654)
Other (expense) income, net (39,212) (1,923) (40,886) 19,341
Earnings from continuing operations, before tax 149,528 166,235 482,969 453,820
Income tax provision (18,627) (26,122) (38,200) (14,776)
Net earnings from continuing operations 130,901 140,113 444,769 439,044
Earnings (loss) from discontinued operations, net of tax 0 508 509 (366,070)
Net earnings 130,901 140,621 445,278 72,974
Net loss (earnings) attributable to noncontrolling interests 309 586 1,077 (59,680)
Net earnings attributable to Match Group, Inc. shareholders $ 131,210 $ 141,207 $ 446,355 $ 13,294
Net earnings per share from continuing operations:        
Basic (USD per share) $ 0.47 $ 0.54 $ 1.64 $ 1.81
Diluted (USD per share) 0.43 0.47 1.46 1.59
Net earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) 0.47 0.54 1.64 0.06
Diluted (USD per share) $ 0.43 $ 0.47 $ 1.46 $ 0.06
Stock-based compensation expense by function:        
Stock-based compensation expense $ 39,569 $ 37,335 $ 112,081 $ 80,647
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,960 1,007 3,961 3,143
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,760 1,402 6,112 3,844
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 19,709 26,870 65,769 48,385
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 16,140 $ 8,056 $ 36,239 $ 25,275