XML 59 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1
QUARTERLY RESULTS (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
Quarter Ended
March 31
Quarter Ended
June 30
Quarter Ended
September 30
Quarter Ended
December 31
 (In thousands, except per share data)
Year Ended December 31, 2021    
Revenue$667,612 $707,760 $801,835 $806,070 
Cost of revenue179,455 193,099 232,211 234,543 
Operating income189,258 209,914 220,590 231,917 
Earnings (loss) from continuing operations (b)
173,848 140,020 130,901 (168,724)
Earnings from discontinued operations— 509 — — 
Net earnings (loss) attributable to Match Group, Inc. shareholders (d)
174,250 140,895 131,210 (168,632)
Per share information from continuing operations attributable to the Match Group, Inc. shareholders:
     Basic (a)
$0.65 $0.52 $0.47 $(0.60)
     Diluted (a)
$0.57 $0.46 $0.43 $(0.60)
Per share information attributable to the Match Group, Inc. shareholders:
     Basic (a)
$0.65 $0.52 $0.47 $(0.60)
     Diluted (a)
$0.57 $0.46 $0.43 $(0.60)
Year Ended December 31, 2020    
Revenue$544,642 $555,450 $639,770 $651,407 
Cost of revenue143,894 148,853 169,823 173,263 
Operating income137,372 195,594 200,167 212,582 
Earnings from continuing operations (d)
157,534 141,397 140,113 148,635 
(Loss) earnings from discontinued operations (c)
(331,967)(34,611)508 — 
Net (loss) earnings attributable to Match Group, Inc. shareholders (c)(d)
(202,830)74,917 141,207 149,035 
Per share information from continuing operations attributable to the Match Group, Inc. shareholders:
     Basic (a)(d)
$0.69 $0.61 $0.54 $0.56 
     Diluted (a)(d)
$0.61 $0.54 $0.47 $0.50 
Per share information attributable to the Match Group, Inc. shareholders:
     Basic (a)(c)
$(1.11)$0.41 $0.54 $0.56 
     Diluted (a)(c)
$(1.00)$0.36 $0.47 $0.50 
______________________
(a)Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.
(b)Loss from continuing operations for the fourth quarter ended December 31, 2021 includes $441 million related to the former Tinder employee litigation settlement.
(c)The operations of Former IAC business other than Match Group are presented as discontinued operations as part of the Separation described in “Note 1—Organization.”
(d)The Company early adopted ASU No. 2020-06 as of January 1, 2021 on a fully retrospective basis. The impact of adopting ASU No. 2020-06 on the quarter ended December 31, 2020 is as follows:
Quarter Ended December 31, 2020
Prior to the adoption of ASU No. 2020-06After adoption of ASU No. 2020-06Effect of adoption of ASU No. 2020-06
(In thousands, except per share data)
Statement of operations impacts
Interest expense$43,306 $31,970 $(11,336)
Income tax provision$(25,617)$(28,497)$(2,880)
Net earnings from continuing operations$140,179 $148,635 $8,456 
Net earnings per share from continuing operations:
Basic$0.53 $0.56 $0.03 
Diluted$0.48 $0.50 $0.02 
Weighted average dilutive shares outstanding
294,975 307,582 12,607