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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 881,600 $ 809,546 $ 2,498,276 $ 2,402,690
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 255,598 246,962 745,902 724,038
Selling and marketing expense 153,408 129,615 427,364 407,182
General and administrative expense 107,095 114,169 305,404 325,512
Product development expense 94,141 87,880 286,614 253,084
Depreciation 17,310 10,679 42,427 32,664
Impairments and amortization of intangibles 10,489 9,606 33,921 251,838
Total operating costs and expenses 638,041 598,911 1,841,632 1,994,318
Operating income 243,559 210,635 656,644 408,372
Interest expense (40,380) (36,814) (119,473) (107,333)
Other income, net 7,905 2,326 14,729 8,435
Earnings before income taxes 211,084 176,147 551,900 309,474
Income tax provision (47,328) (47,881) (130,108) (32,966)
Net earnings 163,756 128,266 421,792 276,508
Net (earnings) loss attributable to noncontrolling interests (29) 430 89 863
Net earnings attributable to Match Group, Inc. shareholders $ 163,727 $ 128,696 $ 421,881 $ 277,371
Net earnings per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) $ 0.59 $ 0.46 $ 1.52 $ 0.98
Diluted (USD per share) $ 0.57 $ 0.44 $ 1.46 $ 0.94
Stock-based compensation expense by function:        
Stock-based compensation expense $ 61,745 $ 53,262 $ 163,945 $ 150,324
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,521 1,440 4,511 4,547
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,374 2,011 6,845 5,830
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 27,862 26,154 69,067 80,085
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 29,988 $ 23,657 $ 83,522 $ 59,862