XML 22 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue $ 3,188,843 $ 2,983,277 $ 2,391,269
Operating costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 959,963 839,308 635,833
Selling and marketing expense 534,517 566,459 479,907
General and administrative expense 435,868 414,821 311,207
Product development expense 333,639 241,049 169,811
Depreciation 43,594 41,402 41,271
Impairment and amortization of intangibles 366,257 28,559 7,525
Total operating costs and expenses 2,673,838 2,131,598 1,645,554
Operating income 515,005 851,679 745,715
Interest expense (145,547) (130,493) (130,624)
Other income (expense), net 8,033 (465,038) 15,861
Earnings from continuing operations, before tax 377,491 256,148 630,952
Income tax (provision) benefit (15,361) 19,897 (43,273)
Net earnings from continuing operations 362,130 276,045 587,679
(Loss) earnings from discontinued operations, net of tax (2,211) 509 (366,070)
Net earnings 359,919 276,554 221,609
Net loss (earnings) attributable to noncontrolling interests 2,027 1,169 (59,280)
Net earnings attributable to Match Group, Inc. shareholders $ 361,946 $ 277,723 $ 162,329
Net earnings per share from continuing operations:      
Basic (USD per share) $ 1.29 $ 1.01 $ 2.36
Diluted (USD per share) 1.25 0.93 2.09
Net earnings per share attributable to Match Group, Inc. shareholders:      
Basic (USD per share) 1.28 1.01 0.73
Diluted (USD per share) $ 1.24 $ 0.93 $ 0.66
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 203,880 $ 146,816 $ 102,268
Cost of revenue      
Stock-based compensation expense by function:      
Total stock-based compensation expense 5,903 5,554 4,201
Selling and marketing expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 7,608 7,941 5,141
General and administrative expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 106,133 81,420 59,174
Product development expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 84,236 $ 51,901 $ 33,752