MATCH GROUP, INC., 10-K filed on 2/26/2026
Annual Report
v3.25.4
Cover Page - USD ($)
 12 Months Ended
Dec. 31, 2025
Feb. 20, 2026
Jun. 30, 2025
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2025    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 001-34148    
Entity Registrant Name Match Group, Inc.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 59-2712887    
Entity Address, Address Line One 8750 North Central Expressway    
Entity Address, Address Line Two Suite 1400    
Entity Address, City or Town Dallas    
Entity Address, State or Province TX    
Entity Address, Postal Zip Code 75231    
City Area Code 214    
Local Phone Number 576-9352    
Title of 12(b) Security Common Stock, par value $0.001    
Trading Symbol MTCH    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Common Stock, Shares Outstanding   232,644,477  
Entity Public Float     $ 7,426,689,174
Documents Incorporated by Reference Portions of Part III of this Annual Report are incorporated by reference to the Registrant’s proxy statement for its 2026 Annual Meeting of Stockholders.    
Entity Central Index Key 0000891103    
Document Fiscal Year Focus 2025    
Document Fiscal Period Focus FY    
Amendment Flag false    
v3.25.4
Audit Information
 12 Months Ended
Dec. 31, 2025
Auditor Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Location New York, New York
Auditor Firm ID 42
v3.25.4
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,027,838 $ 965,993
Short-term investments 3,461 4,734
Accounts receivable, net of allowance of $304 and $379, respectively 303,495 324,963
Other current assets 92,500 102,072
Total current assets 1,427,294 1,397,762
Property and equipment, net 131,159 158,189
Goodwill 2,339,350 2,310,730
Intangible assets, net 192,929 215,448
Deferred income taxes 216,057 262,557
Other non-current assets 154,022 121,085
TOTAL ASSETS 4,460,811 4,465,771
LIABILITIES    
Current maturities of long-term debt, net 423,580 0
Accounts payable 9,577 18,262
Deferred revenue 151,337 166,142
Accrued expenses and other current liabilities 422,051 365,057
Total current liabilities 1,006,545 549,461
Long-term debt, net 3,549,099 3,848,983
Income taxes payable 43,522 33,332
Deferred income taxes 10,732 11,770
Other long-term liabilities 104,309 85,882
Commitments and contingencies
SHAREHOLDERS’ EQUITY    
Common stock; $0.001 par value; authorized 1,600,000,000 shares; 300,166,909 and 294,432,137 shares issued; and 232,530,646 and 251,460,397 outstanding at December 31, 2025 and December 31, 2024, respectively 300 294
Additional paid-in capital 8,721,015 8,756,482
Retained deficit (5,966,307) (6,579,753)
Accumulated other comprehensive loss (422,620) (449,611)
Treasury stock; 67,636,263 and 42,971,740 shares, respectively (2,585,892) (1,791,071)
Total Match Group, Inc. shareholders’ equity (253,504) (63,659)
Noncontrolling interests 108 2
Total shareholders’ equity (253,396) (63,657)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 4,460,811 $ 4,465,771
v3.25.4
CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Accounts receivable allowance and reserves $ 304 $ 379
Common stock, par value (USD per share) $ 0.001 $ 0.001
Common stock authorized (shares) 1,600,000,000 1,600,000,000
Common stock issued (shares) 300,166,909 294,432,137
Common stock outstanding (shares) 232,530,646 251,460,397
Treasury stock, (shares) 67,636,263 42,971,740
v3.25.4
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 3,487,197 $ 3,479,373 $ 3,364,504
Operating costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 948,374 991,273 954,014
Selling and marketing expense 625,541 622,100 586,262
General and administrative expense 485,585 438,839 413,609
Product development expense 449,508 442,175 384,185
Depreciation 67,112 87,499 61,807
Impairments and amortization of intangibles 38,548 74,175 47,731
Total operating costs and expenses 2,614,668 2,656,061 2,447,608
Operating income 872,529 823,312 916,896
Interest expense (147,551) (160,071) (159,887)
Other income, net 21,025 40,815 19,772
Income before income taxes 746,003 704,056 776,781
Income tax provision (132,542) (152,743) (125,309)
Net income 613,461 551,313 651,472
Net (income) loss attributable to noncontrolling interests (15) (37) 67
Net income attributable to Match Group, Inc. shareholders $ 613,446 $ 551,276 $ 651,539
Net earnings per share attributable to Match Group, Inc. shareholders:      
Basic (USD per share) $ 2.53 $ 2.12 $ 2.36
Diluted (USD per share) $ 2.38 $ 2.02 $ 2.26
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 258,202 $ 267,381 $ 232,099
Cost of revenue      
Stock-based compensation expense by function:      
Total stock-based compensation expense 6,501 7,015 5,934
Selling and marketing expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 11,655 12,620 9,730
General and administrative expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense 90,402 103,554 98,510
Product development expense      
Stock-based compensation expense by function:      
Total stock-based compensation expense $ 149,644 $ 144,192 $ 117,925
v3.25.4
CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]      
Net income $ 613,461 $ 551,313 $ 651,472
Other comprehensive income (loss), net of tax      
Change in foreign currency translation adjustment 26,986 (64,172) (16,279)
Total other comprehensive income (loss) 26,986 (64,172) (16,279)
Comprehensive income 640,447 487,141 635,193
Comprehensive (income) loss attributable to noncontrolling interests:      
Net (income) loss attributable to noncontrolling interests (15) (37) 67
Change in foreign currency translation adjustment attributable to noncontrolling interests 5 32 (10)
Comprehensive (income) loss attributable to noncontrolling interests (10) (5) 57
Comprehensive income attributable to Match Group, Inc. shareholders $ 640,437 $ 487,136 $ 635,250
v3.25.4
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Redeemable Noncontrolling Interests
Total Match Group, Inc. Shareholders’ Equity
Common Stock
Additional Paid-in Capital
Retained (Deficit) Earnings
Accumulated Other Comprehensive (Loss) Income
Treasury Stock
Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2022   $ 0              
Increase (Decrease) in Redeemable Noncontrolling Interests                  
Net (loss) income   (184)              
Purchase of redeemable noncontrolling interests   (295)              
Adjustment of redeemable noncontrolling interests to fair value   479              
Balance at end of period at Dec. 31, 2023   0              
Balance at beginning of period at Dec. 31, 2022 $ (358,881)   $ (359,875) $ 287 $ 8,273,637 $ (7,782,568) $ (369,182) $ (482,049) $ 994
Balance at beginning of period (shares) at Dec. 31, 2022       286,817          
Increase (Decrease) in Shareholders' Equity                  
Net (loss) income 651,656   651,539     651,539     117
Other comprehensive (loss) income, net of tax (16,279)   (16,289)       (16,289)   10
Stock-based compensation expense 243,826   243,826   243,826        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes and employee stock purchase plan 13,983   13,983 $ 3 13,980        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes (shares)       2,814          
Purchase of treasury stock (550,489)   (550,489)         (550,489)  
Adjustment of redeemable noncontrolling interests to fair value (479)   (479)   (479)        
Adjustment of noncontrolling interests to fair value 0   (2,100)   (2,100)       2,100
Purchase of noncontrolling interest (2,404)   753   753       (3,157)
Noncontrolling interest created by the exercise of subsidiary denominated equity award 0   (411)   (411)       411
Other (6)   (6)   (6)       0
Balance at end of period at Dec. 31, 2023 (19,073)   (19,548) $ 290 8,529,200 (7,131,029) (385,471) (1,032,538) 475
Balance at end of period (shares) at Dec. 31, 2023       289,631          
Balance at end of period at Dec. 31, 2024   0              
Increase (Decrease) in Shareholders' Equity                  
Net (loss) income 551,313   551,276     551,276     37
Other comprehensive (loss) income, net of tax (64,172)   (64,140)       (64,140)   (32)
Stock-based compensation expense 273,942   273,942   273,942        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes and employee stock purchase plan 2,142   2,142 $ 4 2,138        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes (shares)       4,801          
Dividends and dividend equivalents declared (48,892)   (48,892)   (48,892)        
Dividend equivalents payable 1,116   1,116   1,116        
Purchase of treasury stock (758,533)   (758,533)         (758,533)  
Adjustment of noncontrolling interests to fair value 0   (1,418)   (1,418)       1,418
Purchase of noncontrolling interest (1,622)   397   397       (2,019)
Noncontrolling interest created by the exercise of subsidiary denominated equity award 150   0           150
Other (28)   (1)   (1)       (27)
Balance at end of period at Dec. 31, 2024 (63,657)   (63,659) $ 294 8,756,482 (6,579,753) (449,611) (1,791,071) 2
Balance at end of period (shares) at Dec. 31, 2024       294,432          
Balance at end of period at Dec. 31, 2025   $ 0              
Increase (Decrease) in Shareholders' Equity                  
Net (loss) income 613,461   613,446     613,446     15
Other comprehensive (loss) income, net of tax 26,986   26,991       26,991   (5)
Stock-based compensation expense 269,253   269,253   269,253        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes and employee stock purchase plan (121,884)   (121,884) $ 6 (121,890)        
Issuance of Match Group common stock pursuant to stock-based awards, net of withholding taxes (shares)       5,735          
Dividends and dividend equivalents declared (189,621)   (189,621)   (189,621)        
Dividend equivalents payable 6,961   6,961   6,961        
Purchase of treasury stock (794,821)   (794,821)         (794,821)  
Adjustment of noncontrolling interests to fair value 0   (75)   (75)       75
Purchase of noncontrolling interest (179)   (95)   (95)       (84)
Noncontrolling interest created by the exercise of subsidiary denominated equity award 105               105
Balance at end of period at Dec. 31, 2025 $ (253,396)   $ (253,504) $ 300 $ 8,721,015 $ (5,966,307) $ (422,620) $ (2,585,892) $ 108
Balance at end of period (shares) at Dec. 31, 2025       300,167          
v3.25.4
CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Stockholders' Equity [Abstract]      
Common stock, par value (USD per share) $ 0.001 $ 0.001 $ 0.001
Dividends per share of common stock (USD per share) $ 0.76 $ 0.19  
v3.25.4
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net income $ 613,461 $ 551,313 $ 651,472
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation expense 258,202 267,381 232,099
Depreciation 67,112 87,499 61,807
Impairments and amortization of intangibles 38,548 74,175 47,731
Deferred income taxes 44,935 (14,952) 26,612
Other adjustments, net (593) 2,019 9,932
Changes in assets and liabilities      
Accounts receivable 23,624 (29,788) (107,412)
Other assets 45,914 25,337 25,055
Accounts payable and other liabilities 17,228 (9,395) (5,961)
Income taxes payable and receivable (11,911) 22,213 (3,337)
Deferred revenue (16,140) (43,083) (41,207)
Net cash provided by operating activities 1,080,380 932,719 896,791
Cash flows from investing activities:      
Capital expenditures (56,765) (50,578) (67,412)
Other, net 9,934 (7,960) (9,169)
Net cash used in investing activities (46,831) (58,538) (76,581)
Cash flows from financing activities:      
Proceeds from Senior Notes offerings 700,000 0 0
Principal payments on Term Loan (425,000) 0 0
Payments to settle exchangeable notes (147,825) 0 0
Debt issuance costs (8,811) 0 0
Proceeds from issuance of common stock pursuant to stock-based awards and employee stock purchase plan 6,659 13,584 19,916
Withholding taxes paid on behalf of employees on net settled stock-based awards (128,543) (11,441) (5,933)
Purchase of treasury stock (788,810) (752,674) (546,198)
Dividends (186,255) 0 0
Purchase of noncontrolling interests (84) (1,291) (1,872)
Other, net (6,225) (6,482) 19
Net cash used in financing activities (984,894) (758,304) (534,068)
Total cash provided 48,655 115,877 286,142
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 13,190 (12,324) 3,782
Net increase in cash, cash equivalents, and restricted cash 61,845 103,553 289,924
Cash, cash equivalents, and restricted cash at beginning of period 965,993 862,440 572,516
Cash, cash equivalents, and restricted cash at end of period $ 1,027,838 $ 965,993 $ 862,440
v3.25.4
ORGANIZATION
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION NOTE 1—ORGANIZATION
Match Group, Inc., through its portfolio companies, is a leading provider of digital technologies designed to
help people make meaningful connections. Our global portfolio of brands includes Tinder®, Hinge®, Match®,
Meetic®, OkCupid®, Pairs™, Plenty Of Fish®, Azar®, BLK®, and more, each built to increase our users’ likelihood of
connecting with others. Through our trusted brands, we provide tailored services to meet the varying
preferences of our users. Match Group has four operating segments, Tinder, Hinge, Evergreen and Emerging,
and Match Group Asia (“MG Asia”).
As used herein, “Match Group,” the “Company,” “we,” “our,” “us,” and similar terms refer to Match Group,
Inc. and its subsidiaries, unless the context indicates otherwise.
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 2—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation and Consolidation
The Company prepares its consolidated financial statements in accordance with U.S. generally accepted
accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all
entities that are wholly-owned by the Company, and all entities in which the Company has a controlling financial
interest. Intercompany transactions and accounts have been eliminated.
Accounting for Investments in Equity Securities
Investments in equity securities, other than those of our consolidated subsidiaries, are accounted for at fair
value or under the measurement alternative of the Financial Accounting Standards Board’s (“FASB”) equity
securities guidance, with any changes to fair value recognized within other income, net each reporting period.
Under the measurement alternative, equity investments without readily determinable fair values are carried at
cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly
transactions for identical or similar securities of the same issuer, the value of which is generally determined
based on a market approach as of the transaction date. A security will be considered identical or similar if it has
identical or similar rights to the equity securities held by the Company. The Company reviews its investments in
equity securities without readily determinable fair values for impairment each reporting period when there are
qualitative factors or events that indicate possible impairment. Factors we consider in making this determination
include negative changes in industry and market conditions, financial performance, business prospects, and
other relevant events and factors. When indicators of impairment exist, the Company prepares quantitative
assessments of the fair value of our investments in equity securities, which require judgment and the use of
estimates. When our assessment indicates that the fair value of the investment is below its carrying value, the
Company writes down the investment to its fair value and records the corresponding charge within other
income, net.
Accounting Estimates
Management of the Company is required to make certain estimates, judgments, and assumptions during
the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments,
and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses and the related
disclosure of contingent assets and liabilities. Actual results could differ from these estimates.
On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the
fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the
allowance for credit losses; the carrying value of right-of-use assets (“ROU assets”); the useful lives and
recoverability of definite-lived intangible assets and property and equipment; the recoverability of goodwill and
indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values;
contingencies; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair
value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and
judgments on historical experience, its forecasts and budgets, and other factors that the Company considers
relevant.
Revenue Recognition
The Company accounts for a contract with a customer when it has approval and commitment from all
parties, the rights of the parties and payment terms are identified, the contract has commercial substance, and
collectability of consideration is probable. Revenue is recognized when control of the promised services is
transferred to our customers and in an amount that reflects the consideration the Company expects to be
entitled to in exchange for those services.
The Company’s revenue is primarily derived directly from users in the form of recurring subscriptions.
Subscription revenue is presented net of credits and credit card chargebacks. Subscribers pay in advance,
primarily by credit card or through mobile app stores, and, subject to certain conditions identified in our terms
and conditions, generally all purchases are final and nonrefundable. Revenue is initially deferred and is
recognized using the straight-line method over the term of the applicable subscription period, which generally
ranges from one week to six months. Revenue is also earned from online advertising and the purchase of à la
carte features. Online advertising revenue is recognized when an advertisement is displayed. Revenue from the
purchase of à la carte features is recognized based on usage. Revenue associated with offline events is
recognized when each event occurs.
The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an
original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to
unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance,
and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice
for services performed.
Transaction Price
The objective of determining the transaction price is to estimate the amount of consideration the Company
is due in exchange for its services, including amounts that are variable. The Company determines the total
transaction price, including an estimate of any variable consideration, at contract inception and reassesses this
estimate each reporting period.
The Company excludes from the measurement of transaction price all taxes assessed by governmental
authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii)
collected from customers. Accordingly, such tax amounts are not included as a component of revenue or cost of
revenue.
For contracts that have an original duration of one year or less, the Company does not consider the time
value of money.
Assets Recognized from the Costs to Obtain a Contract with a Customer
The Company has determined that certain costs, primarily mobile app store fees, meet the requirements to
be capitalized as a cost of obtaining a contract. The Company recognizes an asset for these costs if we expect to
recover those costs. Mobile app store fees are amortized over the period of contract performance. Specifically,
the Company capitalizes and amortizes mobile app store fees as revenue is recognized for both subscription and
à la carte features.
During the years ended December 31, 2025 and 2024, the Company recognized expense of $692.7 million
and $696.6 million, respectively, related to the amortization of these costs. The contract asset balances at
December 31, 2025, 2024, and 2023 related to costs to obtain a contract are $23.2 million, $28.6 million, and
$33.1 million, respectively, included in “Other current assets” in the accompanying consolidated balance sheet.
Accounts Receivables, Net of Allowance for Credit Losses
The majority of our users purchase our services through mobile app stores. At December 31, 2025, two
mobile app stores accounted for approximately 74% and 19%, respectively, of our gross accounts receivables.
The comparable amounts at December 31, 2024 were 78% and 16%, respectively. We evaluate the credit
worthiness of these two mobile app stores on an ongoing basis and do not require collateral from these entities.
We generally collect these balances between 30 and 45 days following the purchase. Payments made directly
through our applications are processed by third-party payment processors. We generally collect these balances
within 3 to 5 days following the purchase. The Company also maintains allowances to reserve for potential
credits issued to users or other revenue adjustments. The amounts of these reserves are based primarily upon
historical experience.
Accounts receivable related to indirect revenue include amounts billed and currently due from customers.
The Company maintains an allowance for credit losses to provide for the estimated amount of accounts
receivable that will not be collected. The allowance for credit losses is based upon historical collection trends
adjusted for economic conditions using reasonable and supportable forecasts. The time between the Company
issuance of an invoice and payment due date is not significant; customer payments that are not collected in
advance of the transfer of promised services are generally due no later than 30 days from invoice date.
Deferred Revenue
Deferred revenue consists of advance payments that are received or are contractually due in advance of
the Company’s performance. The Company’s deferred revenue is reported on a contract by contract basis at the
end of each reporting period. The Company classifies deferred revenue as current when the term of the
applicable subscription period or expected completion of our performance obligation is one year or less. The
deferred revenue balances are $151.3 million, $166.1 million, and $211.3 million at December 31, 2025, 2024,
and 2023, respectively. During the years ended December 31, 2025 and 2024, the Company recognized $166.1
million and $211.3 million of revenue that was included in the deferred revenue balance as of December 31,
2024 and 2023, respectively. At December 31, 2025 and 2024, there is no non-current portion of deferred
revenue.
Disaggregation of Revenue
The following table presents disaggregated revenue:
 
For the Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Revenue:
Direct Revenue
$3,414,877
$3,417,978
$3,308,131
Indirect Revenue (principally advertising revenue)
72,320
61,395
56,373
Total Revenue
$3,487,197
$3,479,373
$3,364,504
Direct Revenue:
Tinder
$1,862,922
$1,940,619
$1,917,629
Hinge
690,870
550,435
396,485
Evergreen & Emerging(a)
593,763
642,988
691,426
Match Group Asia(b)
267,322
283,936
302,591
Total Direct Revenue
$3,414,877
$3,417,978
$3,308,131
______________________
(a)Primarily consists of the brands Match®, Meetic®, OkCupid®, Plenty Of Fish®, and a number of
demographically focused brands.
(b)Primarily consists of the brands Pairs™ and Azar®.
Cash and Cash Equivalents
Cash and cash equivalents include cash and short-term investments, with maturities of less than 91 days
from the date of purchase. Domestically, cash equivalents primarily consist of (i) AAA rated government money
market funds and (ii) time deposits. Internationally, cash equivalents primarily consist of (i) time deposits and (ii)
money market funds.
Property and Equipment
Property and equipment, including significant improvements, are recorded at cost. Repairs and
maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the
estimated useful lives of the assets or, in the case of leasehold improvements, the lease term, if shorter.
Asset Category
Estimated
Useful Lives
Buildings and building improvements
10 to 39 years
Computer equipment and capitalized software
2 to 3 years
Furniture and other equipment
5 years
Leasehold improvements
6 to 10 years
The Company capitalizes certain internal use software costs including external direct costs utilized in
developing or obtaining the software and compensation for personnel directly associated with the development
of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases
when the project is substantially complete and ready for its intended purpose. The net book value of capitalized
internal use software is $68.6 million and $60.2 million at December 31, 2025 and 2024, respectively.
Business Combinations
The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed based on
their fair values at the date of acquisition, including identifiable intangible assets that either arise from a
contractual or legal right or are separable from goodwill. The Company typically engages outside valuation
experts to assist in the allocation of purchase price to the identifiable intangible assets acquired, but
management has ultimate responsibility for the valuation methods, models, and inputs used and the resulting
purchase price allocation. The excess purchase price over the net tangible and identifiable intangible assets is
recorded as goodwill and assigned to the reporting unit that is expected to benefit from the combination as of
the acquisition date.
Goodwill and Indefinite-Lived Intangible Assets
The Company assesses goodwill on its four reporting units and indefinite-lived intangible assets for
impairment annually as of October 1, or more frequently if an event occurs or circumstances indicate that it is
more likely than not the fair value of a reporting unit or the fair value of an indefinite-lived intangible asset is
below its carrying value.
Goodwill
When the Company elects to perform a qualitative assessment and concludes it is not more likely than not
that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting
unit’s goodwill is necessary; otherwise, a quantitative assessment is performed to further assess if any goodwill
impairment exists.
If the Company concludes that it is more likely than not that there may be an impairment, the fair value of
each reporting unit will be determined and compared to its carrying value, including goodwill. If the fair value of
a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of
a reporting unit exceeds its estimated fair value, an impairment loss equal to the excess is recorded.
If measuring the estimated fair value of each operating unit, the Company uses a combination of an income
approach and a market approach. Under the income approach, a discounted cash flow analysis is performed
with assumptions and estimates of forecast operating cash flows including, revenue growth rates, profitability
margins, and discount rates, which all vary among reporting units. The market approach utilizes the guideline
public companies method and is based on revenue and income multiple data derived from publicly traded peer
group companies. There are significant judgments inherent in each analysis, including estimating the amount
and timing of expected future cash flows, the selection of appropriate discount rates, and the peer group
companies used.
The Company performed a qualitative impairment assessment as of October 1, 2025 and 2024 and
concluded that it was more likely than not that the fair values of each reporting unit exceeded their carrying
values.
Indefinite-Lived Intangible Assets
The Company has the option to qualitatively assess whether it is more likely than not that the fair values of
its indefinite-lived intangible assets are less than their carrying values. The Company performed a qualitative
impairment assessment for certain indefinite-lived assets as of October 1, 2025 and concluded that it was more
likely than not that the fair values of those indefinite-lived intangible assets exceeded their carrying values.
For assets in which a quantitative assessment is performed, the Company determines the fair value of its
indefinite-lived intangible assets using an avoided royalty discounted cash flow (“DCF”) valuation analysis.
Significant judgments inherent in this analysis include the selection of appropriate royalty and discount rates and
estimating the amount and timing of expected future cash flows. The discount rates used in the DCF analyses are
intended to reflect the risks inherent in the expected future cash flows generated by the respective intangible
assets. The royalty rates used in the DCF analyses are based upon an estimate of the royalty rates that a market
participant would pay to license the specific trade names and trademarks. The future cash flows are based on
the Company’s most recent forecast and budget and, for years beyond the budget, the Company’s estimates are
based, in part, on forecasted growth rates. Assumptions used in the avoided royalty DCF analyses, including the
discount rate and royalty rate, are assessed when a quantitative assessment is performed based on the actual
and projected cash flows related to the asset, as well as macroeconomic and industry specific factors. The
discount rate used in the Company’s 2025 quantitative assessment as part of the annual indefinite-lived
impairment assessment was 14%, and the royalty rate used was 6%.
If the carrying value of an indefinite-lived intangible asset exceeds its estimated fair value, an impairment
equal to the excess is recorded.
At December 31, 2025 and 2024, based on those indefinite-lived intangible assets for which a quantitative
analyses was performed, none of the Company’s indefinite-lived intangible assets fair values were identified as
being below 110% of their carrying value. While it is believed that the assumptions used in our quantitative
analysis were reasonable, changes in these assumptions, including lowering forecasts for revenue and margin,
lowering the long-term growth rate, or changes in the future discount rate assumptions, could result in a future
impairment.
During the third quarter ended September 30, 2024, in connection with our decision to terminate certain
of our live streaming services and our Hakuna app, we recognized impairment charges of $28.7 million related to
indefinite-lived intangible assets in the Match Group Asia and Evergreen & Emerging segments. For certain
assets with no remaining cash flows, the Company fully impaired the asset. For assets with remaining cash flows,
the Company conducted discounted cash flow valuations.
In connection with the annual impairment assessment, the Company reviews the useful lives for intangible
assets and whether events or changes in circumstances indicate that an indefinite life may no longer be
appropriate. During the year ended December 31, 2024, the Company reclassified certain indefinite-lived
intangible assets with a carrying value of $47.2 million to the definite-lived intangible asset category because
these assets were no longer considered to have an indefinite life. No such assets were identified during the year
ended December 31, 2025.
Long-Lived Assets and Intangible Assets with Definite Lives
Long-lived assets, which consist of ROU assets, property and equipment, and intangible assets with definite
lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value
of an asset group may not be recoverable. The carrying value of a long-lived asset or asset group is not
recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual
disposition of the asset group. If the carrying value is deemed not to be recoverable, an impairment loss is
recorded equal to the amount by which the carrying value of the long-lived asset group exceeds its fair value.
Amortization of definite-lived intangible assets is computed either on a straight-line basis or based on the
pattern in which the economic benefits of the asset will be realized. During the year ended December 31, 2024,
in connection with our decision to terminate certain of our live streaming services and our Hakuna app, we
recognized impairment charges of $1.9 million related to definite-lived intangible assets in the Match Group Asia
and Evergreen & Emerging segments.
Fair Value Measurements
The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that
prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:
•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for
identical assets and liabilities in active markets.
•Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for
similar assets or liabilities in active markets, quoted market prices for identical or similar assets or
liabilities in markets that are not active, and inputs that are derived principally from or corroborated by
observable market data. The fair values of the Company’s Level 2 financial assets are primarily obtained
from observable market prices for identical underlying securities that may not be actively traded.
Certain of these securities may have different market prices from multiple market data sources, in
which case an average market price is used.
•Level 3: Unobservable inputs for which there is little or no market data and require the Company to
develop its own assumptions, based on the best information available in the circumstances, about the
assumptions market participants would use in pricing the assets or liabilities.
The Company’s non-financial assets, such as goodwill, intangible assets, ROU assets, and property and
equipment, are adjusted to fair value only when an impairment is recognized. The Company’s financial assets,
comprising of equity securities without readily determinable fair values, are adjusted to fair value when
observable price changes are identified or an impairment is recognized. Such fair value measurements are based
predominantly on Level 3 inputs.
Advertising Costs
Advertising costs are expensed in the period incurred (when the advertisement first runs for production
costs that are initially capitalized) and represent online marketing, including fees paid to search engines and
social media sites, and offline marketing. Advertising expense is $550.4 million, $546.8 million and $519.6 million
for the years ended December 31, 2025, 2024, and 2023, respectively.
Legal Costs
Legal costs are expensed as incurred.
Income Taxes
We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant
judgment is required in determining our provision for income taxes and income tax assets and liabilities,
including evaluating uncertainties in the application of accounting principles and complex tax laws.
We record a provision for income taxes for the anticipated tax consequences of our reported results of
operations using the asset and liability method. Under this method, we recognize deferred income tax assets and
liabilities for the future tax consequences of temporary differences between the financial reporting and tax
bases of asset and liabilities, as well as for net operating loss and tax credit carryforwards. Deferred tax assets
and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences
are expected to be realized or settled. We recognize the deferred income tax effects of a change in tax rates in
the period of enactment.
A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not
that the deferred tax asset will not be realized. We consider all available evidence, both positive and negative,
including historical levels of income, expectations and risks associated with estimates of future taxable income,
and tax planning strategies in assessing the need for a valuation allowance.
We recognize tax benefits from uncertain tax positions only if we believe that it is more likely than not that
the tax position will be sustained based on the technical merits of the position. Such tax benefits are measured
based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. This
measurement step is inherently difficult and requires subjective estimations of such amounts to determine the
probability of various possible outcomes. We consider many factors when evaluating and estimating our tax
positions and tax benefits, which may require periodic adjustment. We make adjustments to our unrecognized
tax benefits when facts and circumstances change, such as the closing of a tax audit or the refinement of an
estimate. Although we believe that we have adequately reserved for our uncertain tax positions, the final
outcome of these matters may vary significantly from our estimates. To the extent that the final outcome of
these matters is different from the amounts recorded, such differences will affect the income tax provision in
the period in which such determination is made, and could have a material impact on our financial condition and
operating results.
Earnings Per Share
Basic earnings per share is computed by dividing net income attributable to Match Group shareholders by
the weighted average number of common shares outstanding during the period. Diluted earnings per share
reflects the potential dilution that could occur from restricted stock units (“RSUs”), stock options and other
commitments to issue common stock using the treasury stock or the as if converted methods, as applicable. See
“Note 9—Earnings per Share” for additional information on dilutive securities.
Foreign Currency Translation and Transaction Gains and Losses
The financial position and operating results of foreign entities whose primary economic environment is
based on their local currency are consolidated using the local currency as the functional currency. These local
currency assets and liabilities are translated at the rates of exchange as of the balance sheet date, and local
currency revenue and expenses of these operations are translated at average rates of exchange during the
period. Translation gains and losses are included in accumulated other comprehensive income as a component
of shareholders’ equity. Transaction gains and losses resulting from assets and liabilities denominated in a
currency other than the functional currency are included in the consolidated statement of operations as a
component of “other (expense) income, net.” See “Note 15—Consolidated Financial Statement Details” for
additional information regarding foreign currency exchange gains and losses.
Translation gains and losses relating to foreign entities that are liquidated or substantially liquidated are
reclassified out of accumulated other comprehensive loss into income. A gain of $0.8 million and less than
$0.1 million during the years ended December 31, 2025 and 2024, respectively, is included in “other income,
net” in the accompanying consolidated statement of operations. There were no such gains or losses for the year
ended December 31, 2023.
Stock-Based Compensation
Stock-based compensation is measured at the grant date based on the fair value of the award and is
generally expensed over the requisite service period. See “Note 10—Stock-based Compensation” for a discussion
of the Company’s stock-based compensation plans.
Certain Risks and Concentrations
The Company’s business is subject to certain risks and concentrations, including dependence on third-party
technology providers, exposure to risks associated with online commerce security, and credit card fraud.
Financial instruments, which potentially subject the Company to concentration of credit risk, consist
primarily of cash and cash equivalents. Cash and cash equivalents are principally maintained with financial
institutions and are not covered by deposit insurance.
Recent Accounting Pronouncements
Accounting pronouncements adopted by the Company
In December 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-09, which requires
additional disclosures around the income tax rate reconciliation and income taxes paid. The new standard is
effective for our reporting on Form 10-K for the year ended December 31, 2025. An entity may apply the
amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31,
2025 and continuing to provide the pre-ASU No. 2023-09 disclosures for the prior periods, or may apply the
amendments retrospectively by providing the revised disclosures for all periods presented. We adopted the new
standard on a retrospective basis with the additional required disclosures included in Note 3—Income Taxes.
Accounting pronouncements not yet adopted by the Company
In November 2024, the FASB issued ASU No. 2024-03, which requires more detailed disclosures about
specified categories of expenses, including employee compensation, within certain expense captions presented
on the face of the income statement and to disclose selling expenses. ASU No. 2024-03 is effective for our
annual reporting on Form 10-K for the year ended December 31, 2027 and within interim periods beginning on
our Form 10-Q for the quarter ended March 31, 2028. The new standard may be applied prospectively or
retrospectively, and early adoption is permitted. We expect ASU No. 2024-03 to only impact our disclosures with
no impacts to our results of operations, cash flows, and financial condition. We are currently evaluating when we
will adopt the ASU.
In November 2024, the FASB issued ASU No. 2024-04, which clarifies the requirements for determining
whether certain settlements of convertible debt instruments should be accounted for as induced conversions or
extinguishment of convertible debt. ASU No. 2024-04 is effective for our annual reporting on Form 10-K for the
year ended December 31, 2026. The new standard may be applied prospectively or retrospectively, and early
adoption is permitted. We intend to adopt ASU No. 2024-04 for the year ended December 31, 2026. The ASU
adoption will only impact our results of operations and financial condition to the extent we have an induced
conversion or extinguishment of our convertible debt.
In September 2025, the FASB issued ASU No. 2025-06, which updates the accounting for internal use
software. The ASU updates the criteria that must be met for entities to begin capitalizing software costs. ASU No.
2025-06 is effective for the Company starting January 1, 2028. The new standard may be adopted prospectively,
retrospectively, or via modified prospective transition method, and early adoption is permitted. We are currently
evaluating ASU No. 2025-06 and its impact on our results of operations, cash flows, and financial condition and
evaluating when we will adopt the ASU.
Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
v3.25.4
INCOME TAXES
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES NOTE 3—INCOME TAXES
U.S. and foreign income before income taxes are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
U.S. 
$661,835
$677,842
$708,333
Foreign
84,168
26,214
68,448
        Total
$746,003
$704,056
$776,781
The components of the income tax provision (benefit) are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Current income tax provision:
 
 
Federal
$28,990
$106,510
$54,523
State
12,063
18,039
16,136
Foreign
46,554
43,146
28,038
      Current income tax provision
87,607
167,695
98,697
Deferred income tax provision (benefit):
 
 
 
Federal
43,748
(2,672)
33,267
State
(1,545)
(5,916)
(669)
Foreign
2,732
(6,364)
(5,986)
      Deferred income tax provision (benefit)
44,935
(14,952)
26,612
      Income tax provision
$132,542
$152,743
$125,309
On July 4, 2025, the U.S. government enacted the One Big Beautiful Bill Act (“the Act”). The Act provides
changes to U.S. federal tax law, including current expensing of U.S. research expenditures, immediate expensing
of eligible capital expenditures, modifications to the limitation of business interest expense, and changes to
other tax provisions impacting 2025 and later years. The provisions of the Act resulted in a reduction of 2025
cash tax payments, and we expect a reduction in the cash tax payments for 2026 as well. Additionally, the 2025
effective tax rate was negatively affected by the passage of the Act, primarily due to a lower deduction for U.S.
income derived from foreign sources as a result of the current expensing of U.S. research expenditures. We
continue to monitor interpretive guidance related to the Act. The impacts of the legislation are reflected in the
consolidated financial statements as of and for the year ended December 31, 2025.
A number of countries have enacted or are actively drafting legislation to implement the Organization for
Economic Cooperation and Development's international tax framework, including the Pillar II minimum tax
regime. The Company analyzed the impact of enacted legislation and determined it does not have a material
impact to the income tax provision. The Company is continuing to monitor future developments, including the
newly-introduced side-by-side safe harbor, which would exclude U.S.-parented multinational enterprises from
the scope of certain Pillar II taxes.
Cash paid for income taxes, net of refunds received, by jurisdiction are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
U.S. Federal
$35,772
$81,412
$62,293
U.S. State and Local
13,424
18,845
17,686
Foreign
Brazil
10,159
9,480
8,181
Canada
10,145
7,727
3,794
France
11,557
12,819
1,311
Japan
11,033
13,382
10,857
Other
7,428
1,817
(2,088)
Total Foreign
50,322
45,225
22,055
Total income taxes paid, net of refunds received
$99,518
$145,482
$102,034
The tax effects of cumulative temporary differences that give rise to significant portions of the deferred
tax assets and deferred tax liabilities are presented below. The valuation allowance is primarily related to
deferred tax assets for foreign net operating losses.
 
December 31,
 
2025
2024
 
(In thousands)
Deferred tax assets:
 
 
Net operating loss carryforwards
$155,548
$165,959
Tax credit carryforwards
49,277
71,222
Capitalized research expenses
99,442
127,428
Disallowed interest carryforwards
14,460
6,837
Stock-based compensation
25,622
30,671
Accrued expenses
36,451
19,963
Exchangeable notes
20,085
28,821
Lease liabilities
27,927
24,229
Other
8,620
6,066
Total deferred tax assets
437,432
481,196
Less valuation allowance
(161,210)
(156,710)
Deferred tax assets, net of valuation allowance
276,222
324,486
Deferred tax liabilities:
 
 
Intangible assets
(41,196)
(45,769)
Right-of-use assets
(24,010)
(19,981)
Property and equipment
(1,261)
(4,403)
Other
(4,430)
(3,546)
Total deferred tax liabilities
(70,897)
(73,699)
Net deferred tax assets
$205,325
$250,787
Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of
assets and liabilities and their tax bases and are stated at enacted tax rates expected to be in effect when the
taxes are paid or recovered.
At December 31, 2025, the Company has federal and state net operating losses (“NOLs”) of $5.0 million
and $141.2 million, respectively. While subject to limitation under Section 382 of the Internal Revenue code,
federal NOLs of $5.0 million are expected to be used through 2037. Of the state NOLs, $1.3 million can be carried
forward indefinitely and $139.9 million will expire at various times between 2026 and 2045. State NOLs of
$100.4 million can be used against future taxable income without restriction and the remaining NOLs are subject
to separate return limitations under applicable state law. At December 31, 2025, the Company has foreign NOLs
of $625.4 million available to offset future income. Of these foreign NOLs, $108.9 million can be carried forward
indefinitely and $516.5 million will expire at various times between 2026 and 2042. Foreign NOLs of
$564.6 million can be used against future taxable income without restriction and the remaining NOLs are subject
to limitation under each respective taxing jurisdiction’s law. During 2025, the Company recognized tax benefits
related to NOLs of $1.1 million. At December 31, 2025, the Company has foreign disallowed interest
carryforwards of $51.7 million that can be carried forward indefinitely and can be used against future taxable
income.
At December 31, 2025, the Company has tax credit carryforwards of $65.3 million. Of this amount, $63.6
million relates to state and foreign tax credits for research activities, of which $6.3 million will expire at various
times between 2032 and 2045. Additionally, the Company has $1.7 million of other credits, primarily consisting
of foreign employment tax credits which expire at various times between 2031 and 2032.
The Company regularly assesses the realizability of deferred tax assets considering all available evidence,
including, to the extent applicable, the nature, frequency, and severity of prior cumulative losses, forecasts of
future taxable income, tax filing status, the duration of statutory carryforward periods, available tax planning
and historical experience.
During the year ended December 31, 2025, we recorded a $4.5 million net increase to the valuation
allowance, primarily related to an increase in the foreign disallowed interest carryforwards. At December 31,
2025, the Company had a valuation allowance of $161.2 million related to the portion of NOLs, credits, and other
deferred tax assets for which it is more likely than not that the tax benefit will not be realized.
A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate is as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Income tax provision at the federal statutory rate
$156,661
21.0%
$147,852
21.0%
$163,124
21.0%
State income taxes, net of federal benefit(a)
7,539
1.0%
15,866
2.3%
11,955
1.5%
Foreign tax effects
Brazil
10,449
1.4%
9,352
1.3%
7,956
1.0%
Canada
Change in valuation allowance
6,344
0.9%
7,521
1.1%
—
—%
Other
4,239
0.6%
5,300
0.8%
1,007
0.1%
Other foreign jurisdictions
11,171
1.5%
11,239
1.6%
4,817
0.6%
Effect of cross-border tax laws
Foreign derived intangible income deduction
(39,579)
(5.3)%
(41,392)
(5.9)%
(38,730)
(5.0)%
Foreign tax credits
(14,171)
(1.9)%
(9,414)
(1.3)%
(7,950)
(1.0)%
Other
186
—%
162
—%
—
—%
Tax credits
Research credits
(14,569)
(2.0)%
(9,761)
(1.4)%
(11,380)
(1.5)%
Change in valuation allowance
185
—%
—
—%
(31,251)
(4.0)%
Nontaxable or nondeductible items
Stock-based compensation
1,081
0.1%
18,950
2.7%
28,245
3.6%
Other
1,919
0.3%
4,007
0.6%
1,348
0.2%
Changes in uncertain tax positions
1,087
0.1%
(6,939)
(1.0)%
(3,832)
(0.5)%
Income tax provision
$132,542
17.8%
$152,743
21.7%
$125,309
16.1%
______________________
(a)The majority (greater than 50%) of the tax effect in this category was made up of New Jersey, New York,
and New York City in 2025; Illinois, New Jersey, New York, New York City, and Pennsylvania in 2024; and
California, Illinois, New Jersey, New York, Pennsylvania and South Carolina in 2023.
The 2025 income tax provision was impacted by benefits from a lower tax rate on U.S. income derived
from foreign sources and research credits.
The 2024 income tax provision was impacted by nondeductible stock-based compensation and state
income taxes partially offset by benefits from a lower tax rate on U.S. income derived from foreign sources and
research credits.
The 2023 income tax provision benefited primarily from (i) the release of a valuation allowance associated
with U.S. foreign tax credits that we now expect to utilize, (ii) a lower tax rate on U.S. income derived from
foreign sources, and (iii) the generation of research credits. These benefits were partially offset by state income
taxes and nondeductible stock-based compensation.
A reconciliation of the beginning and ending amount of unrecognized tax benefits, including penalties but
excluding interest, is as follows:
 
December 31,
 
2025
2024
2023
 
(In thousands)
Balance at January 1
$48,664
$45,047
$43,340
Additions based on tax positions related to the current year
11,402
13,166
7,397
Additions for tax positions of prior years
8,272
921
4,532
Reductions for tax positions of prior years
(7,533)
(58)
(615)
Settlements
(279)
(9,615)
(852)
Expiration of applicable statute of limitations
(98)
(797)
(8,755)
Balance at December 31
$60,428
$48,664
$45,047
The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the
income tax provision. Our income tax provision for each of the years ended December 31, 2025, 2024, and 2023,
includes an increase (decrease) of interest and penalties of $2.0 million, $0.7 million, and $(0.3) million,
respectively. At December 31, 2025 and 2024, noncurrent income taxes payable include accrued interest and
penalties of $3.6 million and $1.6 million, respectively.
Match Group is routinely under audit by federal, state, local, and foreign authorities in the area of income
tax. These audits include questioning the timing and the amount of income and deductions and the allocation of
income and deductions among various tax jurisdictions. The Internal Revenue Service (“IRS”) has substantially
completed its audit of the Company’s federal income tax returns for years through December 31, 2019. Although
the 2020 and 2021 tax years are closed to assessment, adjustments to taxable income may still be made if it
impacts net operating loss or credit carryforwards coming out of that year. Returns filed in various other
jurisdictions are open to examination for tax years beginning with 2015. Although we believe that we have
adequately reserved for our uncertain tax positions, the final tax outcome of these matters may vary significantly
from our estimates.
At December 31, 2025 and 2024, unrecognized tax benefits, including interest, were $64.0 million and
$50.3 million, respectively. If unrecognized tax benefits at December 31, 2025 are subsequently recognized,
$58.5 million, net of related interest, would reduce income tax expense. The comparable amount as of
December 31, 2024 was $46.6 million.
Generally, our ability to distribute the $339.9 million cash and cash equivalents held by our foreign
subsidiaries at December 31, 2025 is limited to that subsidiary’s distributable reserves and after considering
other corporate legal restrictions. To the extent distributable from earnings, most foreign cash can be
repatriated without significant tax costs. The remaining excess of the amount for financial reporting over the tax
basis of investments in foreign subsidiaries is indefinitely reinvested, and the determination of any deferred tax
liability on this amount is not practicable.
v3.25.4
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS NOTE 4—GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets, net, are as follows:
 
December 31,
 
2025
2024
 
(In thousands)
Goodwill
$2,339,350
$2,310,730
Intangible assets with indefinite lives
105,583
96,931
Intangible assets with definite lives, net
87,346
118,517
Total goodwill and intangible assets, net
$2,532,279
$2,526,178
The following table presents the balance of goodwill, including the changes in the carrying value of
goodwill, for the years ended December 31, 2025 and 2024:
Tinder
Hinge
Evergreen &
Emerging
MG Asia
Total
(In thousands)
Balance at December 31, 2023
$—
$—
$—
$—
$2,342,612
Foreign Exchange Translation
—
—
—
—
(19,883)
Other Adjustments
—
—
—
—
(2,997)
Reallocation to segments in the third quarter
of 2024(a)
1,532,968
512,846
182,517
91,401
—
Foreign Exchange Translation
—
—
—
(9,002)
(9,002)
Balance at December 31, 2024
$1,532,968
$512,846
$182,517
$82,399
$2,310,730
Additions
—
—
27,533
—
27,533
Foreign Exchange Translation
—
—
—
1,087
1,087
Balance at December 31, 2025
$1,532,968
$512,846
$210,050
$83,486
$2,339,350
______________________
(a)Represents the reallocation of goodwill to four reporting units. As a result of the change to our
operating segments in the third quarter of 2024, we reassessed our reporting units and determined that
the four operating segments are also our reporting units for the purpose of evaluating goodwill for
impairment. The Company re-allocated goodwill to each of the four reporting units based on their
relative fair values as of September 30, 2024. This change in reporting units is considered a triggering
event that requires a goodwill impairment assessment to be performed immediately before and after
the change. There was no goodwill impairment identified in either the before or after impairment tests.
During the year ended December 31, 2024, in connection with our decision to terminate certain of our live
streaming services and our Hakuna app, we recognized impairment charges of $30.6 million related to indefinite-
and definite-lived intangible assets in the Match Group Asia and Evergreen & Emerging segments. For certain
assets with no remaining cash flow, the Company fully impaired the asset. For assets with remaining cash flows,
the Company conducted discounted cash flow valuations. The Company also reclassified an indefinite-lived
intangible asset with a carrying value of $47.2 million to the definite-lived intangible asset category during the
year ended December 31, 2024 because the asset is no longer considered to have an indefinite life.
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At
December 31, 2025 and 2024, intangible assets with definite lives are as follows:
December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-
Average
Useful Life
(Years)
 
(In thousands)
Customer lists
$102,521
$(93,334)
$9,187
5.0
Patent and technology
44,837
(43,525)
1,312
10.0
Trade names
112,537
(35,690)
76,847
8.0
Other
18
(18)
—
—
Total
$259,913
$(172,567)
$87,346
7.7
December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-
Average
Useful Life
(Years)
 
(In thousands)
 
Customer lists
$100,218
$(71,659)
$28,559
5.0
Patent and technology
43,988
(38,547)
5,441
5.9
Trade names
104,463
(19,946)
84,517
7.9
Other
18
(18)
—
—
Total
$248,687
$(130,170)
$118,517
7.1
At December 31, 2025, amortization of intangible assets with definite lives is estimated to be as follows:
(In thousands)
2026
$23,865
2027
14,678
2028
14,232
2029
12,595
2030 and thereafter
21,976
Total
$87,346
v3.25.4
FINANCIAL INSTRUMENTS
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
FINANCIAL INSTRUMENTS NOTE 5—FINANCIAL INSTRUMENTS
Equity securities without readily determinable fair values
At December 31, 2025 and 2024, the carrying value of the Company’s investments in equity securities
without readily determinable fair values totaled $33.3 million and $19.3 million, respectively, and is included in
“Other non-current assets” in the accompanying consolidated balance sheet. The cumulative downward
adjustments (including impairments) and cumulative upward adjustments to the carrying value of equity
securities without readily determinable fair values held as of December 31, 2025 were $2.2 million and
$6.7 million, respectively. For the year ended December 31, 2025, we recognized impairments of $0.1 million
and upward adjustments of $6.7 million, which are included in “Other income (expense), net” in the
accompanying consolidated statement of operations. For the year ended December 31, 2024, there were no
adjustments, either downward or upward, to the carrying value of equity securities without readily determinable
fair values.
Fair Value Measurements
The following tables present the Company’s financial instruments that are measured at fair value on a
recurring basis:
 
December 31, 2025
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
Cash equivalents:
 
 
Money market funds
$224,837
$—
$224,837
Time deposits
—
151,890
151,890
Short-term investments:
Time deposits
—
3,461
3,461
Intangible assets:
Digital assets (cost basis of $10,167)
7,216
—
7,216
Total
$232,053
$155,351
$387,404
 
December 31, 2024
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
Cash equivalents:
 
 
Money market funds
$264,008
$—
$264,008
Time deposits
—
121,000
121,000
Short-term investments:
 
 
Time deposits
—
4,734
4,734
Total
$264,008
$125,734
$389,742
Financial instruments measured at fair value only for disclosure purposes
The following table presents the carrying value and the fair value of financial instruments measured at fair
value only for disclosure purposes.
December 31, 2025
December 31, 2024
Carrying Value
Fair Value
Carrying Value
Fair Value
(In thousands)
Current maturities of long-term debt, net (a)(b)
$(423,580)
$(416,966)
$—
$—
Long-term debt, net (a)(b)
$(3,549,099)
$(3,450,867)
$(3,848,983)
$(3,578,976)
______________________
(a)At December 31, 2025, the carrying value of current maturities of long-term debt, net includes
unamortized debt issuance costs of $0.3 million. At December 31, 2025 and 2024, the carrying value of
long-term debt, net includes unamortized original issue discount and debt issuance costs of $25.9
million and $26.0 million, respectively.
(b)At December 31, 2025, the fair value of the outstanding 2026 Exchangeable Notes and 2030
Exchangeable Notes is $417.0 million and $517.0 million, respectively. At December 31, 2024, the fair
value of the outstanding 2026 Exchangeable Notes and 2030 Exchangeable Notes is $541.2 million and
$498.0 million, respectively.
At December 31, 2025 and 2024, the fair value of long-term debt, net is estimated using observable market
prices or indices for similar liabilities, which are Level 2 inputs.
v3.25.4
LONG-TERM DEBT, NET
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
LONG-TERM DEBT, NET NOTE 6—LONG-TERM DEBT, NET
Long-term debt, net consists of:
December 31,
2025
2024
(In thousands)
Credit Facility due March 20, 2029(a)
$—
$—
Term Loan due February 13, 2027
—
425,000
5.00% Senior Notes due December 15, 2027 (the “5.00% Senior
Notes”); interest payable each June 15 and December 15
450,000
450,000
4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”);
interest payable each June 1 and December 1
500,000
500,000
5.625% Senior Notes due February 15, 2029 (the “5.625% Senior
Notes”); interest payable each February 15 and August 15
350,000
350,000
4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”);
interest payable each February 1 and August 1
500,000
500,000
3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”);
interest payable each April 1 and October 1
500,000
500,000
6.125% Senior Notes due September 15, 2033 (the “6.125% Senior
Notes”); interest payable each March 15 and September 15,
commencing on March 15, 2026
700,000
—
0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026
Exchangeable Notes”); interest payable each June 15 and December
15
423,854
575,000
2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030
Exchangeable Notes”); interest payable each January 15 and July 15
575,000
575,000
Total long-term debt
3,998,854
3,875,000
Less: Current maturities of long-term debt
423,854
—
Less: Unamortized original issue discount
1,043
2,554
Less: Unamortized debt issuance costs
24,858
23,463
Total long-term debt, net
$3,549,099
$3,848,983
______________________
(a)Subject to springing maturity, described below.
The following diagram illustrates where debt is held in our corporate structure as of December 31, 2025.
Debt Structure 2025.jpg
Credit Facility and Term Loan
MG Holdings II is the borrower under a credit agreement (as amended, the “Credit Agreement”) that
provides for the Credit Facility and the Term Loan. The maturity date of the Credit Facility is the earlier of (x)
March 20, 2029 and (y) the date that is 91 days prior to the maturity date of the existing senior notes due 2027,
2028, or 2029, or any new indebtedness used to refinance such senior notes that matures prior to the date that
is 91 days after March 20, 2029, in each case if and only if at least $250 million in aggregate principal amount of
such debt is outstanding on such date.
At both December 31, 2025 and 2024, the Credit Facility has a borrowing capacity of $500 million. At both
December 31, 2025 and 2024, there were no outstanding borrowings, $0.6 million in outstanding letters of
credit, and $499.4 million of availability under the Credit Facility. The annual commitment fee on undrawn funds,
which is based on MG Holdings II’s consolidated net leverage ratio, was 25 basis points as of December 31, 2025.
Borrowings under the Credit Facility bear interest, at MG Holdings II’s option, at a base rate or a term secured
overnight financing rate plus an applicable adjustment (“Adjusted Term SOFR”), plus an applicable margin based
on MG Holdings II’s consolidated net leverage ratio. If MG Holdings II borrows under the Credit Facility, it will be
required to maintain a consolidated net leverage ratio of not more than 5.0 to 1.0.
On January 21, 2025, we repaid the $425 million Term Loan in full utilizing cash on hand. At December 31,
2024, the outstanding balance on the Term Loan was $425 million. The Term Loan bore interest at Adjusted
Term SOFR plus 1.75% and the applicable rate was 6.22% at December 31, 2024.
The Credit Agreement includes covenants that would limit the ability of MG Holdings II to pay dividends,
make distributions, or repurchase MG Holdings II’s stock in the event MG Holdings II’s secured net leverage ratio
exceeds 4.25 to 1.0, or if an event of default has occurred. The Credit Agreement includes additional covenants
that limit the ability of MG Holdings II and its subsidiaries to, among other things, incur indebtedness, pay
dividends, or make distributions. Obligations under the Credit Facility are unconditionally guaranteed by certain
MG Holdings II wholly-owned domestic subsidiaries and are also secured by the stock of certain MG Holdings II
domestic and foreign subsidiaries. The outstanding borrowings, if any, under the Credit Facility have priority over
the Senior Notes to the extent of the value of the assets securing the borrowings under the Credit Agreement.
Senior Notes
The 6.125% Senior Notes were issued on August 20, 2025. The proceeds from these notes will be used to
repay all of the outstanding 2026 Exchangeable Notes at, or prior to, their maturity and for general corporate
purposes. At any time prior to September 15, 2028, these notes may be redeemed at a redemption price equal
to the sum of the principal amount, plus accrued and unpaid interest and a make-whole premium set forth in the
indenture governing the notes. Thereafter, these notes be redeemed at the redemption prices set forth below,
together with accrued and unpaid interest to the applicable redemption date:
Beginning September 15,
Percentage
2028
103.063%
2029
101.531%
2030 and thereafter
100.000%
The 3.625% Senior Notes were issued on October 4, 2021. The proceeds from these notes were used to
redeem a portion of the then outstanding 0.875% Exchangeable Senior Notes due October 1, 2022 and for
general corporate purposes. At any time prior to October 1, 2026, these notes may be redeemed at a
redemption price equal to the sum of the principal amount, plus accrued and unpaid interest and a make-whole
premium set forth in the indenture governing the notes. Thereafter, these notes may be redeemed at the
redemption prices set forth below, together with accrued and unpaid interest to the applicable redemption
date:
Beginning October 1,
Percentage
2026
101.813%
2027
101.208%
2028
100.604%
2029 and thereafter
100.000%
The 4.625% Senior Notes were issued on May 19, 2020, and are currently redeemable at par, together with
accrued and unpaid interest. The proceeds from these notes were used to redeem then outstanding senior
notes, to pay expenses associated with the offering, and for general corporate purposes.
The 4.125% Senior Notes were issued on February 11, 2020. The proceeds from these notes were used to
fund a portion of a distribution in 2020. At any time prior to May 1, 2025, these notes may be redeemed at a
redemption price equal to the sum of the principal amount, plus accrued and unpaid interest and a make-whole
premium set forth in the indenture governing the notes. Thereafter, these notes may be redeemed at the
redemption prices set forth below, together with accrued and unpaid interest to the applicable redemption
date:
Beginning May 1,
Percentage
2025
102.063%
2026
101.375%
2027
100.688%
2028 and thereafter
100.000%
The 5.625% Senior Notes were issued on February 15, 2019, and are currently redeemable. The proceeds
from these notes were used to repay outstanding borrowings under the Credit Facility, to pay expenses
associated with the offering, and for general corporate purposes. These notes may be redeemed at the
redemption prices set forth below, together with accrued and unpaid interest to the applicable redemption
date:
Beginning February 15,
Percentage
2025
101.875%
2026
100.938%
2027 and thereafter
100.000%
The 5.00% Senior Notes were issued on December 4, 2017, and are currently redeemable at par, together
with accrued and unpaid interest. The proceeds, along with cash on hand, were used to redeem then
outstanding senior notes and pay the related call premium.
The indenture governing the 5.00% Senior Notes contains covenants that would limit MG Holdings II’s
ability to pay dividends or to make distributions and repurchase or redeem MG Holdings II’s stock in the event a
default has occurred or MG Holdings II’s consolidated leverage ratio (as defined in the indenture) exceeds 5.0 to
1.0. At December 31, 2025, there were no limitations pursuant thereto. There are additional covenants in the
5.00% Senior Notes indenture that limit the ability of MG Holdings II and its subsidiaries to, among other things,
(i) incur indebtedness, make investments, or sell assets in the event MG Holdings II is not in compliance with
specified financial ratios, and (ii) incur liens, enter into agreements restricting their ability to pay dividends, enter
into transactions with affiliates, or consolidate, merge, or sell substantially all of their assets. The indentures
governing the 3.625%, 4.125%, 4.625%, 5.625%, and 6.125% Senior Notes are less restrictive than the indentures
governing the 5.00% Senior Notes and generally only limit MG Holdings II’s and its subsidiaries’ ability to, among
other things, create liens on assets, or consolidate, merge, sell, or otherwise dispose of all or substantially all of
their assets.
The Senior Notes all rank equally in right of payment.
Exchangeable Notes
During 2019, Match Group FinanceCo 2, Inc. and Match Group FinanceCo 3, Inc., direct, wholly-owned
subsidiaries of the Company, issued $575.0 million aggregate principal amount of 2026 Exchangeable Notes and
$575.0 million aggregate principal amount of 2030 Exchangeable Notes, respectively.
The 2026 and 2030 Exchangeable Notes (collectively the “Exchangeable Notes”) are guaranteed by the
Company but are not guaranteed by MG Holdings II or any of its subsidiaries.
The following table presents details of the outstanding exchangeable features:
Number of shares of
the Company’s
Common Stock into
which each $1,000 of
Principal of the
Exchangeable Notes is
Exchangeable(a)
Approximate
Equivalent Exchange
Price per Share(a)
Exchangeable Date
2026 Exchangeable Notes
11.6945
$85.51
March 15, 2026
2030 Exchangeable Notes
12.1530
$82.28
October 15, 2029
______________________
(a)Subject to adjustment upon the occurrence of specified events.
As more specifically set forth in the applicable indentures, the Exchangeable Notes are exchangeable under
the following circumstances:
(1) during any calendar quarter (and only during such calendar quarter), if the last reported sale price of
the Company's common stock for at least 20 trading days (whether or not consecutive) during the period of 30
consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar
quarter is greater than or equal to 130% of the exchange price on each applicable trading day;
(2) during the five-business day period after any five-consecutive trading day period in which the trading
price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of
the product of the last reported sale price of the Company's common stock and the exchange rate on each such
trading day;
(3) if the issuer calls the notes for redemption, at any time prior to the close of business on the scheduled
trading day immediately preceding the redemption date; or
(4) upon the occurrence of specified corporate events as further described in the indentures governing the
respective Exchangeable Notes.
On or after the respective exchangeable dates noted in the table above, until the close of business on the
second scheduled trading day immediately preceding the maturity date, holders may exchange all or any portion
of their Exchangeable Notes regardless of the foregoing conditions. Upon exchange, the issuer, in its sole
discretion, has the option to settle the Exchangeable Notes with any of the three following alternatives: (1)
shares of the Company’s common stock, (2) cash, or (3) a combination of cash and shares of the Company's
common stock. It is the Company’s intention to settle the Exchangeable Notes with cash equal to the face
amount of the notes upon exchange. Any dilution arising from the 2026 and 2030 Exchangeable Notes would be
mitigated by the 2026 and 2030 Exchangeable Notes Hedges (defined below), respectively.
There were not any 2026 or 2030 Exchangeable Notes presented for exchange during the years ended
December 31, 2025 and 2024. Neither of the 2026 and 2030 Exchangeable Notes were exchangeable as of
December 31, 2025.
On September 8, 2025, we repurchased $76.4 million aggregate principal amount of 2026 Exchangeable
Notes for $74.4 million in cash. The gain on extinguishment of the notes of $1.8 million is included in “other
income, net” in the accompanying consolidated statement of operations. Additionally, on November 13, 2025,
we repurchased $74.8 million aggregate principal amount of 2026 Exchangeable Notes for $73.4 million in cash.
The gain on extinguishment of the notes of $1.2 million is included in “other income, net” in the accompanying
consolidated statement of operations.
At both December 31, 2025 and December 31, 2024, there was no value in excess of the principal of each
of the 2026 and 2030 Exchangeable Notes outstanding on an if-converted basis using the Company’s stock price
on December 31, 2025 and December 31, 2024, respectively.
Additionally, all or any portion of the 2026 Exchangeable Notes may be redeemed for cash at the
respective issuer’s option, at any time and, for the 2030 Exchangeable Notes, on or after July 20, 2026, if the last
reported sale price of the Company’s common stock has been at least 130% of the exchange price then in effect
for at least 20 trading days (whether or not consecutive), including at least one of the five trading days
immediately preceding the date on which the notice of redemption is provided, during any 30 consecutive
trading day period ending on, and including, the trading day immediately preceding the date on which the
applicable issuer provides notice of redemption, at a redemption price equal to 100% of the principal amount to
be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
The following table sets forth the components of the outstanding Exchangeable Notes as of December 31,
2025 and 2024:
December 31, 2025
December 31, 2024
2026
Exchangeable
Notes
2030
Exchangeable
Notes
2026
Exchangeable
Notes
2030
Exchangeable
Notes
(In thousands)
Principal
$423,854
$575,000
$575,000
$575,000
Less: unamortized debt issuance costs
274
4,531
2,371
5,592
Net carrying value included in current maturities of long-
term debt, net
$423,580
$—
$—
$—
Net carrying value included in long-term debt, net
$—
$570,469
$572,629
$569,408
The following table sets forth interest expense recognized related to the Exchangeable Notes for the years
ended December 31, 2025, 2024, and 2023:
Year Ended December 31, 2025
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$4,740
$11,500
Amortization of debt issuance costs
1,787
1,061
Total interest expense recognized
$6,527
$12,561
Year Ended December 31, 2024
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$5,031
$11,500
Amortization of debt issuance costs
1,605
1,038
Total interest expense recognized
$6,636
$12,538
Year Ended December 31, 2023
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$5,031
$11,500
Amortization of debt issuance costs
1,586
1,015
Total interest expense recognized
$6,617
$12,515
The effective interest rates for the 2026 and 2030 Exchangeable Notes are 1.2% and 2.2%, respectively.
Exchangeable Notes Hedges and Warrants
In connection with the Exchangeable Notes offerings, the Company purchased call options allowing the
Company to purchase initially (subject to adjustment upon the occurrence of specified events) the same number
of shares that would be issuable upon the exchange of the applicable Exchangeable Notes at the price per share
set forth below (the “Exchangeable Notes Hedges”), and sold warrants allowing the counterparty to purchase
(subject to adjustment upon the occurrence of specified events) shares at the per share price set forth below
(the “Exchangeable Notes Warrants”).
The Exchangeable Notes Hedges are expected to reduce the potential dilutive effect on the Company’s
common stock upon any exchange of notes and/or offset any cash payment Match Group FinanceCo 2, Inc. or
Match Group FinanceCo 3, Inc. is required to make in excess of the principal amount of the exchanged notes.
The Exchangeable Notes Warrants have a dilutive effect on the Company’s common stock to the extent that the
market price per share of the Company’s common stock exceeds their respective strike prices.
In connection with the repurchase of $151.1 million in aggregate principal amount of 2026 Exchangeable
Notes in 2025; 1.8 million underlying shares of the Exchangeable Notes Hedges and Exchangeable Notes
Warrants relating to the 2026 Exchangeable Notes were settled for no value.
The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding at
December 31, 2025:
Number of Shares(a)
Approximate
Equivalent Exchange
Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Hedges
5.0
$85.51
2030 Exchangeable Notes Hedges
7.0
$82.28
Number of Shares(a)
Weighted Average
Strike Price per
Share(a)
(Shares in millions)
2026 Exchangeable Notes Warrants
5.0
$131.67
2030 Exchangeable Notes Warrants
7.0
$131.73
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Long-term debt maturities
Years Ending December 31,
(In thousands)
2026
$423,854
2027
450,000
2028
500,000
2029
350,000
2030
1,075,000
2031
500,000
2033
700,000
Total
3,998,854
Less: Current maturities of long-term debt
423,854
Less: Unamortized original issue discount
1,043
Less: Unamortized debt issuance costs
24,858
Total long-term debt, net
$3,549,099
v3.25.4
SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY NOTE 7—SHAREHOLDERS’ EQUITY
Description of Common Stock
Holders of Match Group common stock are entitled to one vote per share on all matters to be voted upon
by the stockholders. Holders of Match Group common stock are entitled to receive, share for share, such
dividends as may be declared by Match Group’s Board of Directors out of funds legally available therefor. In the
event of a liquidation, dissolution, or winding up, holders of the Company’s common stock are entitled to
receive, ratably, the assets available for distribution to stockholders after payment of all liabilities.
Reserved Common Shares
In connection with equity compensation plans, the Exchangeable Notes, and Exchangeable Notes
Warrants, 59.3 million shares of Match Group common stock are reserved at December 31, 2025.
Common Stock Repurchases
In January 2024, the Board of Directors approved a share repurchase program of up to $1.0 billion in
aggregate value of shares of Match Group stock (the “January 2024 Share Repurchase Program”). On December
10, 2024, the Board of Directors authorized a new repurchase program of up to $1.5 billion in aggregate value of
shares of Match Group common stock (the “December 2024 Share Repurchase Program”). The December 2024
Share Repurchase Program took effect when the January 2024 Share Repurchase Program was exhausted in
April 2025. Under the December 2024 Share Repurchase Program, shares of our common stock may be
purchased on a discretionary basis from time to time, subject to general business and market conditions and
other investment opportunities, through open market purchases, privately negotiated transactions or other
means, including through Rule 10b5-1 trading plans. The December 2024 Share Repurchase Program may be
suspended or discontinued at any time.
During the years ended December 31, 2025, 2024, and 2023, we repurchased 24.7 million, 22.2 million and
13.5 million shares of our common stock, respectively, for aggregate consideration, on a trade date basis, of
$788.8 million, $752.7 million and $546.2 million, respectively.
Preferred Stock
The Company has authorized 100,000,000 shares, $0.01 par value per share, of preferred stock. No shares
have been issued under this authorization.
Dividends
During the year ended December 31, 2025, total cash dividend payments were $186.3 million. No cash
dividends were paid during the years ended December 31, 2024 or 2023. On February 3, 2026, the Company’s
Board of Directors declared a cash dividend of $0.20 per share of outstanding common stock, to stockholders of
record as of the close of business on April 7, 2026, payable on April 21, 2026.
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS NOTE 8—ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present the components of accumulated other comprehensive loss. For the years
ended December 31, 2025, 2024, and 2023, the Company’s accumulated other comprehensive loss relates to
foreign currency translation adjustments.
Years Ended December 31,
2025
2024
2023
 
(In thousands)
Balance at January 1
$(449,611)
$(385,471)
$(369,182)
Other comprehensive income (loss)
26,200
(64,144)
(16,289)
Amounts reclassified into income
791
4
—
Net current period other comprehensive income (loss)
26,991
(64,140)
(16,289)
Balance at December 31
$(422,620)
$(449,611)
$(385,471)
At December 31, 2025, 2024, and 2023, there was no tax benefit or provision on the accumulated other
comprehensive loss.
v3.25.4
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE NOTE 9—EARNINGS PER SHARE
The following table sets forth the computation of the basic and diluted earnings per share attributable to
Match Group shareholders:
Years Ended December 31,
2025
2024
2023
Basic
Diluted
Basic
Diluted
Basic
Diluted
(In thousands, except per share data)
Numerator
Net income
$613,461
$613,461
$551,313
$551,313
$651,472
$651,472
Net (income) loss attributable to
noncontrolling interests
(15)
(15)
(37)
(37)
67
67
Impact from subsidiaries' dilutive
securities
—
(7)
—
(24)
—
(81)
Dilutive impact of Exchangeable
Notes, net of income tax(a)
—
10,155
—
12,691
—
12,684
Net income attributable to Match
Group, Inc. shareholders
$613,446
$623,594
$551,276
$563,943
$651,539
$664,142
Denominator
Weighted average basic shares
outstanding
242,676
242,676
260,299
260,299
275,773
275,773
Dilutive securities(b)(c)
—
6,612
—
5,367
—
4,114
Dilutive shares from Exchangeable Notes,
if-converted(a)
—
13,187
—
13,397
—
13,397
Denominator for earnings per share—
weighted average shares(b)(c)
242,676
262,475
260,299
279,063
275,773
293,284
Earnings per share:
Earnings per share attributable to Match
Group, Inc. shareholders
$2.53
$2.38
$2.12
$2.02
$2.36
$2.26
______________________
(a)The Company uses the if-converted method for calculating the dilutive impact of the outstanding
Exchangeable Notes. For the years ended December 31, 2025, 2024 and 2023, the Company adjusted
net income attributable to Match Group, Inc. shareholders for the cash interest expense, net of income
taxes, incurred on the 2026 and 2030 Exchangeable Notes. Dilutive shares were also included for the
same series of Exchangeable Notes.
(b)If the effect is dilutive, weighted average common shares outstanding include the incremental shares
that would be issued upon the assumed exercise of stock options, warrants, and subsidiary
denominated equity and vesting of restricted stock units. For the years ended December 31, 2025,
2024, and 2023, 15.5 million, 17.3 million, and 15.9 million potentially dilutive securities, respectively,
are excluded from the calculation of diluted earnings per share because their inclusion would have been
anti-dilutive.
(c)Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable
shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the
denominator for earnings per share if (i) the applicable market or performance condition(s) has been
met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting
periods. For the years ended December 31, 2025, 2024, and 2023, 2.7 million, 3.0 million, and 3.2
million market-based awards and PSUs, respectively, were excluded from the calculation of diluted
earnings per share because the market or performance conditions had not been met.
v3.25.4
STOCK-BASED COMPENSATION
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION NOTE 10—STOCK-BASED COMPENSATION
The Company currently has one active stock and annual incentive plan, which was approved by
shareholders on June 21, 2024, and subsequently amended and restated with shareholder approval on June 18,
2025 (the 2024 plan). The Company also has three stock and annual incentive plans that have expired or no
longer have shares available for the future grant of equity awards pursuant to which certain equity awards
remain outstanding and which were adopted in 2015, 2017, and 2020. The 2015, 2017, and 2024 plans cover
stock options to acquire shares of Match Group common stock, RSUs, PSUs, and stock settled stock appreciation
rights denominated in the equity of certain of our subsidiaries. The 2024 plan authorizes the Company to grant
awards to its employees, officers, directors and consultants. At December 31, 2025, there were 18.7 million
shares available for the future grant of equity awards under the 2024 plan. The 2020 plan covers certain stock
options granted in 2020.
The 2024 plan has a stated term of ten years and provides that the exercise price of stock options granted
will not be less than the market price of the Company’s common stock on the grant date. The 2024 plan does not
specify grant dates or vesting schedules of awards as those determinations have been delegated to the
Compensation and Human Resources Committee of Match Group’s Board of Directors (the “Committee”). Each
grant agreement reflects the vesting schedule for that particular grant as determined by the Committee. RSUs,
PSUs, and market-based awards outstanding generally vest over a three- or four-year period.
Stock-based compensation expense recognized in the consolidated statement of operations includes
expense related to the Company’s stock options, RSUs, market-based awards, PSUs for which vesting is
considered probable, and equity instruments denominated in shares of subsidiaries. The amount of stock-based
compensation expense recognized is net of estimated forfeitures, as the expense recorded is based on awards
that are ultimately expected to vest. The forfeiture rate is estimated at the grant date based on historical
experience and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate. At
December 31, 2025, there is $304.6 million of unrecognized compensation cost, net of estimated forfeitures,
related to all outstanding equity-based awards, which is expected to be recognized over a weighted average
period of approximately 1.9 years.
The total income tax benefit recognized in the accompanying consolidated statement of operations for the
years ended December 31, 2025, 2024, and 2023 related to all stock-based compensation is $55.0 million, $28.7
million and $16.3 million, respectively.
The aggregate income tax benefit recognized related to the exercise of stock options for the years ended
December 31, 2025, 2024, and 2023 is $19.8 million, $5.8 million, and $3.2 million, respectively.
Stock Options
Stock options outstanding at December 31, 2025 and changes during the year ended December 31, 2025
are as follows:
 
December 31, 2025
 
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (In Years)
Aggregate
Intrinsic
Value
 
(Shares and intrinsic value in thousands)
Outstanding at January 1, 2025
2,712
$21.39
 
 
Exercised
(1,768)
18.12
 
 
Expired
(173)
39.52
Outstanding and exercisable at
December 31, 2025
771
$24.82
1.2
$8,668
The aggregate intrinsic value in the table above represents the difference between Match Group’s closing
stock price on the last trading day of 2025 and the exercise price, multiplied by the number of in-the-money
options that would have been exercised had option holders exercised their options on December 31, 2025. The
total intrinsic value of stock options exercised during the years ended December 31, 2025 and 2024 is $28.2
million and $6.9 million, respectively. Cash received from Match Group stock option exercises for the years
ended December 31, 2025, 2024, and 2023 was $0.4 million, $6.5 million, and $13.0 million, respectively.
Restricted Stock Units, Performance-Based Stock Units, and Market-Based Awards
RSUs, PSUs, and market-based awards are awards in the form of phantom shares or units denominated in a
hypothetical equivalent number of shares of Match Group common stock. For market-based awards, the grant
date fair value was estimated using (i) for awards that vest based on the Company’s market performance relative
to other publicly-traded companies, a lattice model that incorporates a Monte Carlo simulation of the
Company’s total shareholder return relative to companies within the Nasdaq 100 Index or Nasdaq composite
index over various performance periods (“rTSR Awards”) or (ii) for an award that vests based on the Company’s
stock price, a lattice model that incorporates a Monte Carlo simulation of the Company’s stock price over various
performance periods (“Value Creation Award”).
Each RSU, PSU, and market-based award is subject to service-based vesting, where a specific period of
continued employment must pass before an award vests. PSUs also include performance-based vesting
conditions where certain performance targets set at the time of grant must be achieved before an award vests.
The number of market-based awards that ultimately vest for rTSR Awards is based on the Company’s market
performance relative to certain other publicly-traded companies and for the Value Creation Award is based on
the Company’s stock price. For RSU awards, the expense is measured at the grant date as the fair value of Match
Group common stock and expensed as stock-based compensation over the vesting term. For PSU awards, the
expense is measured at the grant date as the fair value of Match Group common stock and expensed as stock-
based compensation over the vesting term if the performance targets are considered probable of being
achieved.
RSUs, PSUs and market-based awards granted on or after February 1, 2024 are awarded dividend
equivalents, which are subject to the same vesting conditions as the underlying award, and settled in Match
Group common stock.
Unvested RSUs, PSUs, and market-based awards outstanding at December 31, 2025 and changes during the
year ended December 31, 2025 are as follows:
 
RSUs
PSUs
Market-based awards
 
Number of
shares
Weighted
Average
Grant Date
Fair Value
Number of
shares(a)
Weighted
Average
Grant Date
Fair Value
Number of
shares(a)
Weighted
Average
Grant Date
Fair Value
 
(Shares in thousands)
Unvested at January 1, 2025
8,777
$43.12
1,454
$41.31
2,976
$69.58
Granted
7,349
33.74
—
—
2,765
40.97
Vested
(4,769)
45.59
(416)
40.53
(16)
49.19
Forfeited
(2,849)
37.54
(270)
38.28
(1,546)
47.97
Expired
—
—
—
—
(828)
123.42
Unvested at December 31, 2025
8,508
$35.51
768
$42.80
3,351
$42.73
______________________
(a)Represents the maximum shares issuable.
The weighted average fair value of RSUs and PSUs granted during the years ended December 31, 2025 and
2024, based on market prices of Match Group’s common stock on the grant date, was $33.74 and $35.78,
respectively. The total fair value of RSUs that vested during the years ended December 31, 2025 and 2024 was
$217.4 million and $239.9 million, respectively. The total fair value of PSUs that vested during the years ended
December 31, 2025 and 2024 was $16.8 million and $10.0 million, respectively.
There were 2.8 million and 1.3 million market-based awards granted during the years ended December 31,
2025 and 2024, respectively. The vesting of the rTSR Awards granted in 2025 and 2024 are dependent upon the
Company’s total shareholder return relative to companies within the Nasdaq 100 Index or Nasdaq composite
index over various performance periods. The vesting of the Value Creation Award granted in 2025 is dependent
upon the fulfillment of both a service condition and the achievement of a stock price hurdle during the
performance period. The service condition is such that half of the shares in each tranche will vest upon
achievement of the hurdle, subject to a minimum service period, and the other half will vest at the end of the
performance period. The market condition will be satisfied if the Company’s volume weighted average closing
stock price equals or exceeds the specified price hurdles over a 45 day calendar period. If at the end of the
performance period the Company has not hit the hurdle over a 45 day calendar period, but the volume weighted
average price over the last 10 trading days equals or exceeds a specified price hurdle, the performance period
will be extended by 90 days. The total fair value of market-based awards that vested during the year ended
December 31, 2025 was $0.8 million. No market-based awards vested during the year ended December 31,
2024.
Equity Instruments Denominated in Shares of Certain Subsidiaries
The Company has granted stock settled stock appreciation rights and restricted stock units, both
denominated in the equity of a certain non-publicly traded subsidiary to employees of the subsidiary. These
equity awards vest over a specified period of time. The value of the stock settled stock appreciation rights and
restricted stock units are based on the equity value of the subsidiary. The stock settled stock appreciation rights
awards only have value to the extent the relevant business appreciates in value above the initial value utilized to
determine the exercise price. The fair value of the common stock of the subsidiary is generally determined
through a third-party valuation pursuant to the terms of the respective subsidiary equity plan. The stock
appreciation rights and restricted stock units are both settled on a net basis, with the award holder entitled to
receive shares of Match Group common stock with a total value equal to the intrinsic value of the award at
exercise, less applicable withholding taxes. The number of shares of Match Group common stock ultimately
needed to settle these awards may vary significantly from the estimated number below as a result of
movements in our stock price and/or a determination of fair value of the relevant subsidiary that differs from
our estimate. The expense associated with these equity awards is initially measured at fair value at the grant
date and is expensed as stock-based compensation over the vesting term. At December 31, 2025, the number of
shares of Match Group common stock that would be required to settle these awards at estimated fair values,
including vested and unvested awards, net of an assumed 50% withholding tax, is 3.1 million shares and would
reduce the shares available for the future grant. The withholding taxes, which would be paid by the Company on
behalf of the employees at exercise or vesting, required to settle the vested and unvested awards at estimated
fair values on December 31, 2025 is $100.5 million assuming a 50% withholding tax rate. The corresponding
number of shares and withholding tax amount as of December 31, 2024 were 2.9 million shares and
$95.3 million.
Employee Stock Purchase Plan
The Match Group, Inc. 2021 Global Employee Stock Purchase Plan (the "ESPP") was approved by the
Company’s shareholders on June 15, 2021. Under the ESPP, eligible employees may purchase the Company’s
common stock at a 15% discount of the lower of the market price of our common stock on the date of
commencement of the applicable offering period or on the last day of the applicable six-month purchase period,
subject to certain purchase limits.
Under the ESPP, employees purchased 0.3 million shares at a weighted average price per share of $24.74
during the year ended December 31, 2025. At December 31, 2025, there were 1.9 million shares available for
future issuance under the ESPP. At December 31, 2025, there is $0.6 million of unrecognized compensation cost,
net of estimated forfeitures, related to the ESPP, which is expected to be recognized over a weighted average
period of approximately 0.5 years.
Capitalization of Stock-Based Compensation
For the years ended December 31, 2025, 2024 and 2023, $11.0 million, $6.6 million, and $11.7 million,
respectively, of stock-based compensation was capitalized related to the development of internal use software.
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION NOTE 11—SEGMENT AND GEOGRAPHIC INFORMATION
Our chief operating decision maker (“CODM”), who is our Chief Executive Officer, analyzes the results of
our business through four operating segments consisting of brands or groups of brands within our portfolio:
Tinder, Hinge, Evergreen & Emerging, and MG Asia. These four operating segments are also our reportable
segments. Our CODM primarily evaluates the operating results and performance of our segments through
revenue, operating income, and Adjusted EBITDA (numerically the same as our previous metric which was called
Adjusted Operating Income). These financial metrics are used to view operating trends, perform analytical
comparisons, compare performance between periods, and evaluate variances to forecast on a monthly basis.
The following table presents revenue by segment, which includes revenue from customers in the form of
direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment revenue, which is
eliminated in consolidated results:
Years Ended December 31,
2025
2024
2023
(In thousands)
Revenue:
Tinder
$1,924,711
$1,991,137
$1,963,610
Hinge
690,872
550,435
396,485
Evergreen & Emerging
608,093
654,168
700,925
MG Asia
268,166
284,522
303,484
Eliminations
(4,645)
(889)
—
Total
$3,487,197
$3,479,373
$3,364,504
The following tables present the segment profitability measures, operating income (loss) and Adjusted
EBITDA, and a reconciliation of the total segment profitability measures to income before income taxes:
Years Ended December 31,
2025
2024
2023
(In thousands)
Operating income (loss):
Tinder
$832,638
$889,222
$955,519
Hinge
166,286
121,482
74,261
Evergreen & Emerging
63,266
66,088
82,460
MG Asia
6,258
(32,345)
(8,675)
Total segment operating income
1,068,448
1,044,447
1,103,565
Corporate and unallocated costs(a)
(195,919)
(221,135)
(186,669)
Interest expense
(147,551)
(160,071)
(159,887)
Other income, net
21,025
40,815
19,772
Income before income taxes
$746,003
$704,056
$776,781
______________________
(a)Includes stock-based compensation and depreciation related to corporate.
Years Ended December 31,
2025
2024
2023
(In thousands)
Adjusted EBITDA:
Tinder
$941,351
$1,017,023
$1,049,360
Hinge
226,499
166,478
107,646
Evergreen & Emerging
140,436
170,418
163,796
MG Asia
66,375
60,806
61,790
Total segment Adjusted EBITDA
1,374,661
1,414,725
1,382,592
Corporate and unallocated costs
(138,270)
(162,358)
(124,059)
Stock-based compensation
(258,202)
(267,381)
(232,099)
Depreciation
(67,112)
(87,499)
(61,807)
Impairments and amortization of intangibles
(38,548)
(74,175)
(47,731)
Interest expense
(147,551)
(160,071)
(159,887)
Other income, net
21,025
40,815
19,772
Income before income taxes
$746,003
$704,056
$776,781
Corporate and unallocated costs includes 1) corporate expenses (such as executive management, investor
relations, corporate development, board of director and public company listing fees), 2) portions of corporate
services (such as legal, human resources, accounting, and tax), and 3) certain centrally managed services and
technology that have not been allocated to the individual business segments (such as central trust and safety
operations and certain shared software).
Our CODM does not review disaggregated assets on a segment basis; therefore, such information is not
presented. Interest income and other income, net are not allocated to individual segments as these are managed
on a consolidated basis. The accounting policies for segment reporting are the same as for our consolidated
financial statements.
The following tables present the significant segment expenses regularly reviewed by our CODM:
Year Ended December 31, 2025
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$390,395
$176,095
$62,896
$61,610
Cost of acquisition
180,590
121,966
193,684
72,785
Variable expense
112,408
25,695
27,563
18,715
Employee compensation expense,
excluding stock-based compensation
expense
188,431
112,495
122,880
34,685
Other operating expenses(a)
111,536
28,122
60,634
13,996
Stock-based compensation(b)
89,586
56,279
38,548
21,052
Depreciation(b)
19,127
3,934
24,252
14,887
Impairment and amortization of
intangible assets(b)
—
—
14,370
24,178
Year Ended December 31, 2024
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$414,908
$151,467
$70,735
$63,292
Cost of acquisition
183,220
98,808
195,738
73,407
Variable expense
122,053
17,100
41,592
28,321
Employee compensation expense,
excluding stock-based compensation
expense
197,157
95,445
131,039
40,632
Other operating expenses(a)
56,776
21,137
44,646
18,064
Stock-based compensation(b)
90,141
42,673
54,922
25,818
Depreciation(b)
37,660
2,323
21,732
20,834
Impairment and amortization of
intangible assets(b)
—
—
27,676
46,499
Year Ended December 31, 2023
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$417,571
$110,093
$70,012
$70,251
Cost of acquisition
167,566
67,758
202,831
77,456
Variable expense
119,333
15,004
63,779
29,296
Employee compensation expense,
excluding stock-based compensation
expense
167,019
79,084
148,285
42,338
Other operating expenses(a)
42,761
16,900
52,222
22,353
Stock-based compensation(b)
68,644
31,459
50,268
23,399
Depreciation(b)
25,197
1,926
18,732
11,671
Impairment and amortization of
intangible assets(b)
—
—
12,336
35,395
______________________
(a)Other operating expenses primarily consists of office rent, business software, travel, indirect taxes, and
professional fees.
(b)Expense is a non-cash item and excluded from the profitability measure of Adjusted EBITDA.
Geographic Information
Revenue by geography is based on where the customer is located. The United States is the only country
from which revenue is greater than 10 percent of total revenue. Geographic information about revenue and
long-lived assets is presented below:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Revenue
 
 
United States
$1,531,905
$1,593,611
$1,541,012
All other countries
1,955,292
1,885,762
1,823,492
Total
$3,487,197
$3,479,373
$3,364,504
 
December 31,
 
2025
2024
 
(In thousands)
Long-lived assets (excluding goodwill and intangible assets)
 
 
United States
$101,947
$119,638
South Korea
14,846
16,608
All other countries
14,366
21,943
Total
$131,159
$158,189
v3.25.4
LEASES
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
LEASES NOTE 12—LEASES
The Company leases office space, data center facilities, and equipment used in connection with its
operations under various operating leases, many of which contain escalation clauses.
ROU assets represent the Company’s right to use the underlying assets for the lease term and lease
liabilities represent the present value of the Company’s obligation to make payments arising from leases. ROU
assets and related lease liabilities are based on the present value of fixed lease payments over the lease term
using the Company’s incremental borrowing rates on the lease commencement date. The Company combines
the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If
the lease includes one or more options to extend the term of the lease, the renewal option is considered in the
lease term if it is reasonably certain the Company will exercise the options. Lease expense is recognized on a
straight-line basis over the term of the lease. Leases with an initial term of twelve months or less (“short-term
leases”) are not recorded on the accompanying consolidated balance sheet.
Variable lease payments consist primarily of common area maintenance, utilities, and taxes, which are not
included in the recognition of ROU assets and related lease liabilities. The Company’s lease agreements do not
contain any material residual value guarantees or material restrictive covenants.
Leases
Balance Sheet Classification
December 31, 2025
December 31, 2024
(In thousands)
Assets:
Right-of-use assets
Other non-current assets
$101,932
$86,417
Liabilities:
Current lease liabilities
Accrued expenses and other current
liabilities
$16,644
$19,213
Long-term lease liabilities
Other long-term liabilities
101,668
84,583
Total lease liabilities
$118,312
$103,796
Lease Cost
Income Statement Classification
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Fixed lease cost
Cost of revenue
$2,004
$1,875
Fixed lease cost
General and administrative expense
21,399
22,032
Total fixed lease cost(a)
23,403
23,907
Variable lease cost
Cost of revenue
637
441
Variable lease cost
General and administrative expense
2,952
3,368
Total variable lease cost
3,589
3,809
Net lease cost
$26,992
$27,716
______________________
(a)Includes approximately $0.5 million and $0.6 million of short-term lease cost for the years ended
December 31, 2025 and December 31, 2024, respectively.
Maturities of lease liabilities as of December 31, 2025(a):
(In thousands)
2026
$24,452
2027
20,067
2028
19,862
2029
20,242
2030
16,911
After 2030
42,475
Total
144,009
Less: Interest
(21,842)
Less: Tenant improvement receivables
(3,855)
Present value of lease liabilities
$118,312
______________________
(a)Operating lease payments exclude $29.3 million of legally binding minimum lease payments for leases
signed but not yet commenced.
The following are the weighted average assumptions used for lease term and discount rate:
December 31, 2025
December 31, 2024
Remaining lease term
7.1 years
7.2 years
Discount rate
4.39%
3.86%
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Other information:
Right-of-use assets obtained in exchange for lease liabilities
$33,362
$11,420
Cash paid for amounts included in the measurement of lease liabilities
$24,741
$26,082
v3.25.4
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES NOTE 13—COMMITMENTS AND CONTINGENCIES
Commitments
The Company has funding commitments in the form of purchase obligations and surety bonds. The
purchase obligations are $56.3 million for 2026, $73.6 million for 2027, and $70.3 million for 2028, for a total of
$200.2 million in purchase obligations. The purchase obligations primarily relate to web hosting service
commitments.
Contingencies
In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes
reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable
and the loss is reasonably estimable. Management has also identified certain other legal matters where we
believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management
currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably
possible, will not have a material impact on the liquidity, results of operations, or financial condition of the
Company, these matters are subject to inherent uncertainties and management’s view of these matters may
change in the future. The Company also evaluates other contingent matters, including income and non-income
tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is
possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a
material impact on the liquidity, results of operations, or financial condition of the Company. See “Note 3—
Income Taxes” for additional information related to income tax contingencies.
FTC Lawsuit Against Former Match Group
On September 25, 2019, the United States Federal Trade Commission (the “FTC”) filed a lawsuit in federal
district court in Texas against the company formerly known as Match Group, Inc. See FTC v. Match Group, Inc.,
No. 3:19:cv-02281-K (Northern District of Texas). The complaint alleges that, prior to mid-2018, for marketing
purposes Match.com notified non-paying users that other users were attempting to communicate with them,
even though Match.com had identified those subscriber accounts as potentially fraudulent, thereby inducing
non-paying users to subscribe and exposing them to the risk of fraud should they subscribe. The complaint also
challenges the adequacy of Match.com’s disclosure of the terms of its six-month guarantee, the efficacy of its
cancellation process, and its handling of chargeback disputes. The complaint seeks among other things
permanent injunctive relief, civil penalties, restitution, disgorgement, and costs of suit. On March 24, 2022, the
court granted our motion to dismiss with prejudice on Claims I and II of the complaint relating to communication
notifications and granted our motion to dismiss with respect to all requests for monetary damages on Claims III
and IV relating to the guarantee offer and chargeback policy. On July 19, 2022, the FTC filed an amended
complaint adding Match Group, LLC as a defendant. The FTC is seeking up to approximately $257 million in
damages and penalties. On September 11, 2023, both parties filed motions for summary judgment. On June 9,
2025, the parties reached an agreement in principle to settle the matter. The settlement was approved by the
Court, and payment of $14 million was made in the quarter ended September 30, 2025.
Irish Data Protection Commission Inquiry Regarding Tinder’s Practices
On February 3, 2020, we received a letter from the Irish Data Protection Commission (the “DPC”) notifying
us that the DPC had commenced an inquiry examining Tinder’s compliance with GDPR, focusing on Tinder’s
processes for handling access and deletion requests and Tinder’s user data retention policies. On January 8,
2024, the DPC provided us with a preliminary draft decision alleging that certain of Tinder’s access and retention
policies, largely relating to protecting the safety and privacy of Tinder’s users, violate GDPR requirements. We
filed our response to the preliminary draft decision on March 15, 2024. Our consolidated financial statements do
not reflect any provision for a loss with respect to this matter, as we do not believe there is a probable likelihood
of an unfavorable outcome. However, based on the preliminary draft decision and giving due consideration to
the uncertainties inherent in this process, there is at least a reasonable possibility of an exposure to loss, which
could be anywhere between a nominal amount and $60 million, which we do not believe would be material to
our business. We believe we have strong defenses to these claims and will defend vigorously against them.
Consumer Class Action Litigation Challenging Tinder’s Age-Tiered Pricing
On May 28, 2015, a putative state-wide class action was filed against Tinder in state court in California. See
Allan Candelore v. Tinder, Inc., No. BC583162 (Superior Court of California, County of Los Angeles). The complaint
principally alleges that Tinder violated California’s Unruh Civil Rights Act by offering and charging users over a
certain age a higher price than younger users for subscriptions to its premium Tinder Plus service. Plaintiff seeks
damages in an unspecified amount. On July 15, 2024, the court granted Plaintiff’s motion to certify a class of
approximately 270,000 individuals based upon California Tinder Plus and Tinder Gold subscribers age 29 and
over. On January 17, 2025, the court denied our motion to compel the class and the Plaintiff to arbitration. We
filed a Notice of Appeal on January 24, 2025, and on April 18, 2025, the court stayed the case pending our
appeal. On September 10, 2025, the parties agreed to settle the case on a class-wide basis for $60.5 million,
which is included in our consolidated financial statements as “general and administrative expense” and a related
accrual is included in “accrued expenses and other current liabilities.” On January 13, 2026, the court
preliminarily approved the settlement agreement. The settlement amount was placed into escrow in January
2026, pending the final court approval.
v3.25.4
BENEFIT PLANS
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
BENEFIT PLANS NOTE 14—BENEFIT PLANS
Pursuant to the Match Group Retirement Savings Plan (the “Match Group Plan”), employees are eligible to
participate in a retirement savings plan sponsored by the Company in the United States, which is qualified under
Section 401(k) of the Internal Revenue Code. Participating employees may contribute up to 75% of their pre-tax
earnings, but not more than statutory limits. The employer match under the Match Group Plan is 100% of the
first 10% of a participant’s eligible earnings up to $10,000, subject to IRS limits on the Company’s matching
contribution that a participant contributes to the Match Group Plan.
Matching contributions under the plans for the years ended December 31, 2025, 2024, and 2023 were
$14.1 million, $14.5 million and $14.0 million, respectively.
Matching contributions are invested in the same manner that each participant’s voluntary contributions
are invested under the respective plans.
Internationally, Match Group also has or participates in various benefit plans, primarily defined
contribution plans. The Company’s contributions for these plans for the years ended December 31, 2025, 2024
and 2023 were $4.7 million, $5.2 million, and $6.4 million, respectively.
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CONSOLIDATED FINANCIAL STATEMENT DETAILS NOTE 15—CONSOLIDATED FINANCIAL STATEMENT DETAILS
 
December 31,
 
2025
2024
 
(In thousands)
Other current assets:
Prepaid expenses
$33,966
$40,936
Capitalized mobile app fees
23,153
28,629
Other
35,381
32,507
Other current assets
$92,500
$102,072
 
December 31,
 
2025
2024
 
(In thousands)
Property and equipment, net:
Computer equipment and capitalized software
$327,047
$294,359
Buildings and building improvements
20,184
68,493
Leasehold improvements
61,588
60,536
Land
6,473
11,565
Furniture and other equipment
13,102
17,060
Projects in progress
26,661
13,354
455,055
465,367
Accumulated depreciation and amortization
(323,896)
(307,178)
Property and equipment, net
$131,159
$158,189
 
December 31,
 
2025
2024
 
(In thousands)
Accrued expenses and other current liabilities:
Accrued employee compensation and benefits
$112,121
$112,802
Accrued legal settlement
60,500
—
Accrued advertising expense
51,275
50,284
Accrued non-income taxes
28,937
41,133
Accrued interest expense
44,516
29,899
Dividend payable
44,181
47,776
Other
80,521
83,163
Accrued expenses and other current liabilities
$422,051
$365,057
Years Ended December 31,
2025
2024
2023
(In thousands)
Other income, net:
Interest income
$21,935
$41,105
$26,772
Foreign currency losses
(8,316)
(579)
(7,919)
Other
7,406
289
919
Other income, net
$21,025
$40,815
$19,772
Cash and Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported
within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
December 31,
2025
2024
2023
2022
(In thousands)
Cash and cash equivalents
$1,027,838
$965,993
$862,440
$572,395
Restricted cash included in other current
assets
—
—
—
121
Total cash, cash equivalents, and restricted
cash as shown on the consolidated
statement of cash flow
$1,027,838
$965,993
$862,440
$572,516
Supplemental Disclosures of Cash Flow Information
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Cash paid during the year for interest
$123,973
$152,890
$152,481
v3.25.4
SUBSEQUENT EVENT
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENT NOTE 16—SUBSEQUENT EVENT
On February 6, 2026, the Company received notice from Apple that our Azar app would be removed from
the Apple App Store (the “App Store”) within 15 days of the notice. This notice was generated as a result of a
new evaluation by Apple of Azar’s compliance with Apple’s updated App Review Guidelines which were
published on February 6, 2026. Specifically, Apple suggested that Azar’s core concept was random or anonymous
chat, which Apple indicated was not allowed under the revised guidelines. On February 16, 2026, Apple notified
the Company that after further discussion and deliberation, they reaffirmed their initial decision and the Azar
app would be removed from the App Store as initially stated. Subsequently, Apple removed the Azar app from
the App Store on February 22, 2026.
Revenue from the Azar app represented approximately 4% of the Company’s consolidated revenue for the
years ended December 31, 2025 and 2024, a significant portion of which is processed through Apple’s App Store.
The Company continues to work with Apple to understand if modifications could result in the reinstatement of
the Azar app to the App Store. There is no guarantee these efforts will be successful.
As a result of this decision, and depending on estimates of the impact and whether any of our mitigation
efforts are successful, the Company will be evaluating the need for asset impairment charges during the quarter
ending March 31, 2026. This evaluation includes, but is not limited to, the following assets that existed as of
December 31, 2025:
•$61 million of indefinite-lived intangible asset associated with the Azar brand;
•$9 million of definite-lived intangible asset associated with the Azar customer list;
•$14 million of capitalized software development costs associated with the Azar app; and
•$83 million of goodwill associated with our MG Asia reporting unit, which includes the operations of the
Azar and Pairs brands.
v3.25.4
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2025
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS Schedule II
MATCH GROUP, INC. AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS
Description
Balance at
Beginning of
Period
Charges to
Income
 
Charges to
Other
Accounts
 
Deductions
 
Balance at
End of Period
 
(In thousands)
2025
Allowance for credit losses
$379
$—
(a)
$(70)
$(5)
(d)
$304
Deferred tax valuation
allowance
156,710
7,810
(h)
1,476
(f)
(4,786)
(b)
161,210
Other reserves
5,065
3,978
2024
 
 
 
 
 
 
 
 
Allowance for credit losses
$603
$75
(a)
$(300)
$1
(d)
$379
Deferred tax valuation
allowance
159,675
8,860
(e)
(1,109)
(f)
(10,716)
(c)
156,710
Other reserves
7,466
 
 
 
 
 
5,065
2023
 
 
 
 
 
 
 
 
Allowance for credit losses
$387
$368
(a)
$(151)
$(1)
(d)
$603
Deferred tax valuation
allowance
71,132
127,700
(b)
(142)
(f)
(39,015)
(g)
159,675
Other reserves
6,563
 
 
 
 
 
7,466
______________________
(a)Additions to the allowance for credit losses are charged to expense, net of the recovery of previous year
expenses, if any.
(b)Amounts are primarily related to certain foreign net operating losses.
(c)Amount is primarily related to deferred rate changes in certain foreign jurisdictions.
(d)Write-off of fully reserved accounts receivable.
(e)Amount is primarily related to foreign tax credits, foreign net operating losses, and foreign interest
deductions.
(f)Amount is related to currency translation adjustments on foreign net operating losses.
(g)Deductions to the deferred tax valuation allowance are primarily related to U.S. foreign tax credits and
state NOLs that we now expect to be able to utilize.
(h)Amount is primarily related to foreign interest deductions.
v3.25.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.4
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.25.4
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block] Match Group maintains an information security program designed to identify, protect against, detect,
respond to, and manage reasonably foreseeable cybersecurity risks and threats. Our information security teams,
led by our Senior Vice President, Security Engineering, is responsible for assessing and managing our exposure to
information security risks, including by:
•Implementing and enforcing physical, operational and technical security policies, procedures and
controls;
•Conducting, and engaging independent third-party experts to conduct, when appropriate, internal and
external security assessments and audits, including assessments of our cybersecurity policies,
standards, processes, and practices, and the security posture of third-party vendors and partners; and
•Collaborating with our development teams to engineer and integrate security as part of the product
development lifecycle.
We have implemented cybersecurity controls to attempt to detect and address threats arising from our use
of third-party service providers. We have established incident response and recovery plans across Match Group’s
businesses, and we have conducted cybersecurity awareness training for our employees, including incident
response personnel and senior management. For key third parties, security risk assessments are conducted
during onboarding, contract renewal, and when an increased risk profile is identified. We also require specified
security controls and other responsibilities from our service providers and we investigate security incidents
affecting them as deemed necessary.
Our policies, standards, processes and practices for assessing, identifying, and managing material risks from
cybersecurity threats are integrated into our overall risk management program and are based on frameworks
established by the International Organization for Standardization (“ISO”) and other applicable industry
standards. This does not imply that we meet any particular technical standards, specifications or requirements,
only that we use ISO and other applicable industry standards as guides to help us identify, assess and manage
cybersecurity risks relevant to our business. We have also obtained various industry certifications and
attestations that demonstrate our dedication to protecting the data our users entrust to us, including for Tinder
and Hinge.
We conduct periodic reviews and tests of our information security program and leverage audits by our
internal audit team and testing by our red team. When appropriate, we employ external services to conduct
tabletop exercises, penetration and vulnerability testing, simulations, and other exercises to evaluate the
effectiveness of our information security program and improve our security measures and planning across Match
Group’s businesses. The results of these assessments are reported to the Audit Committee of our Board of
Directors.
We have not identified risks from cybersecurity threats, including as a result of any previous cybersecurity
incidents, that have materially affected or are reasonably likely to materially affect us. However, we face ongoing
risks from cybersecurity threats that, if realized, are reasonably likely to materially affect our business strategy,
results of operations, or financial condition, and our systems periodically experience directed attacks intended to
lead to interruptions and delays in our service and operations as well as loss, misuse or theft of personal
information (of third parties, employees and our users) and other data, confidential information or intellectual
property. Any significant disruption to our service or unauthorized access to our systems could result in a loss of
users and adversely affect our business, financial condition, and results of operations. Further, a penetration of
our systems or a third-party’s systems or other misappropriation or misuse of personal information could subject
us to business, regulatory, litigation and reputation risk, which could have a negative effect on our business,
financial condition, and results of operations. While Match Group maintains cybersecurity insurance, the costs
related to cybersecurity threats or disruptions may not be fully insured. For additional discussion of
cybersecurity risks, see “Item 1A Risk factors—Risks relating to our business—We may not be able to protect our
systems and infrastructure from cyberattacks and may be adversely affected by cyberattacks experienced by
third parties.”
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Our policies, standards, processes and practices for assessing, identifying, and managing material risks from
cybersecurity threats are integrated into our overall risk management program and are based on frameworks
established by the International Organization for Standardization (“ISO”) and other applicable industry
standards. This does not imply that we meet any particular technical standards, specifications or requirements,
only that we use ISO and other applicable industry standards as guides to help us identify, assess and manage
cybersecurity risks relevant to our business.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block] Our Board of Directors, in coordination with the Audit Committee, oversees our management of
cybersecurity risk, including our annual risk assessment, where we assess key risks within the company, including
security and technology risks and cybersecurity threats. The Audit Committee directly oversees our cybersecurity
program. The Audit Committee receives regular cybersecurity updates from management. Cybersecurity reviews
by the Audit Committee or the Board of Directors occur regularly, including as determined to be necessary or
advisable.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee receives regular cybersecurity updates from management.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee receives regular cybersecurity updates from management. Cybersecurity reviews
by the Audit Committee or the Board of Directors occur regularly, including as determined to be necessary or
advisable.
Cybersecurity Risk Role of Management [Text Block] Our cybersecurity program is managed by our SVP, Security Engineering, who reports to our Chief Legal
Officer. Our SVP, Security Engineering, has over 20 years of industry experience, including serving in similar roles
leading and overseeing cybersecurity programs at other public companies. Our information security program
encompasses partnerships among teams that are responsible for cyber governance, prevention, detection and
remediation activities within our cybersecurity environment. Team members have relevant certifications,
educational and industry experience, including experience holding similar positions at other large technology
companies. The information security teams provide regular reports to senior management and other relevant
teams on various cybersecurity threats, assessments and findings. Our information security leadership reports
directly to the Audit Committee or the Board of Directors on our cybersecurity program and efforts to prevent,
detect, mitigate, and remediate issues. We also maintain an escalation process to inform senior management
and the Board of Directors of material issues and make determinations with respect to any required disclosures.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our cybersecurity program is managed by our SVP, Security Engineering, who reports to our Chief Legal Officer.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our SVP, Security Engineering, has over 20 years of industry experience, including serving in similar roles
leading and overseeing cybersecurity programs at other public companies. Our information security program
encompasses partnerships among teams that are responsible for cyber governance, prevention, detection and
remediation activities within our cybersecurity environment. Team members have relevant certifications,
educational and industry experience, including experience holding similar positions at other large technology
companies.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The information security teams provide regular reports to senior management and other relevant
teams on various cybersecurity threats, assessments and findings. Our information security leadership reports
directly to the Audit Committee or the Board of Directors on our cybersecurity program and efforts to prevent,
detect, mitigate, and remediate issues. We also maintain an escalation process to inform senior management
and the Board of Directors of material issues and make determinations with respect to any required disclosures.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Nature of Operations Match Group, Inc., through its portfolio companies, is a leading provider of digital technologies designed to
help people make meaningful connections. Our global portfolio of brands includes Tinder®, Hinge®, Match®,
Meetic®, OkCupid®, Pairs™, Plenty Of Fish®, Azar®, BLK®, and more, each built to increase our users’ likelihood of
connecting with others. Through our trusted brands, we provide tailored services to meet the varying
preferences of our users. Match Group has four operating segments, Tinder, Hinge, Evergreen and Emerging,
and Match Group Asia (“MG Asia”).
Basis of Presentation and Consolidation Basis of Presentation and Consolidation
The Company prepares its consolidated financial statements in accordance with U.S. generally accepted
accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all
entities that are wholly-owned by the Company, and all entities in which the Company has a controlling financial
interest. Intercompany transactions and accounts have been eliminated.
Accounting for Investments in Equity Securities Accounting for Investments in Equity Securities
Investments in equity securities, other than those of our consolidated subsidiaries, are accounted for at fair
value or under the measurement alternative of the Financial Accounting Standards Board’s (“FASB”) equity
securities guidance, with any changes to fair value recognized within other income, net each reporting period.
Under the measurement alternative, equity investments without readily determinable fair values are carried at
cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly
transactions for identical or similar securities of the same issuer, the value of which is generally determined
based on a market approach as of the transaction date. A security will be considered identical or similar if it has
identical or similar rights to the equity securities held by the Company. The Company reviews its investments in
equity securities without readily determinable fair values for impairment each reporting period when there are
qualitative factors or events that indicate possible impairment. Factors we consider in making this determination
include negative changes in industry and market conditions, financial performance, business prospects, and
other relevant events and factors. When indicators of impairment exist, the Company prepares quantitative
assessments of the fair value of our investments in equity securities, which require judgment and the use of
estimates. When our assessment indicates that the fair value of the investment is below its carrying value, the
Company writes down the investment to its fair value and records the corresponding charge within other
income, net.
Accounting Estimates Accounting Estimates
Management of the Company is required to make certain estimates, judgments, and assumptions during
the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments,
and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses and the related
disclosure of contingent assets and liabilities. Actual results could differ from these estimates.
On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the
fair values of cash equivalents; the carrying value of accounts receivable, including the determination of the
allowance for credit losses; the carrying value of right-of-use assets (“ROU assets”); the useful lives and
recoverability of definite-lived intangible assets and property and equipment; the recoverability of goodwill and
indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values;
contingencies; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair
value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and
judgments on historical experience, its forecasts and budgets, and other factors that the Company considers
relevant.
Revenue Recognition Revenue Recognition
The Company accounts for a contract with a customer when it has approval and commitment from all
parties, the rights of the parties and payment terms are identified, the contract has commercial substance, and
collectability of consideration is probable. Revenue is recognized when control of the promised services is
transferred to our customers and in an amount that reflects the consideration the Company expects to be
entitled to in exchange for those services.
The Company’s revenue is primarily derived directly from users in the form of recurring subscriptions.
Subscription revenue is presented net of credits and credit card chargebacks. Subscribers pay in advance,
primarily by credit card or through mobile app stores, and, subject to certain conditions identified in our terms
and conditions, generally all purchases are final and nonrefundable. Revenue is initially deferred and is
recognized using the straight-line method over the term of the applicable subscription period, which generally
ranges from one week to six months. Revenue is also earned from online advertising and the purchase of à la
carte features. Online advertising revenue is recognized when an advertisement is displayed. Revenue from the
purchase of à la carte features is recognized based on usage. Revenue associated with offline events is
recognized when each event occurs.
The Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an
original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to
unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance,
and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice
for services performed.
Transaction Price
The objective of determining the transaction price is to estimate the amount of consideration the Company
is due in exchange for its services, including amounts that are variable. The Company determines the total
transaction price, including an estimate of any variable consideration, at contract inception and reassesses this
estimate each reporting period.
The Company excludes from the measurement of transaction price all taxes assessed by governmental
authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii)
collected from customers. Accordingly, such tax amounts are not included as a component of revenue or cost of
revenue.
For contracts that have an original duration of one year or less, the Company does not consider the time
value of money.
Assets Recognized from the Costs to Obtain a Contract with a Customer
The Company has determined that certain costs, primarily mobile app store fees, meet the requirements to
be capitalized as a cost of obtaining a contract. The Company recognizes an asset for these costs if we expect to
recover those costs. Mobile app store fees are amortized over the period of contract performance. Specifically,
the Company capitalizes and amortizes mobile app store fees as revenue is recognized for both subscription and
à la carte features.
During the years ended December 31, 2025 and 2024, the Company recognized expense of $692.7 million
and $696.6 million, respectively, related to the amortization of these costs. The contract asset balances at
December 31, 2025, 2024, and 2023 related to costs to obtain a contract are $23.2 million, $28.6 million, and
$33.1 million, respectively, included in “Other current assets” in the accompanying consolidated balance sheet.
Accounts Receivables, Net of Allowance for Credit Losses
The majority of our users purchase our services through mobile app stores. At December 31, 2025, two
mobile app stores accounted for approximately 74% and 19%, respectively, of our gross accounts receivables.
The comparable amounts at December 31, 2024 were 78% and 16%, respectively. We evaluate the credit
worthiness of these two mobile app stores on an ongoing basis and do not require collateral from these entities.
We generally collect these balances between 30 and 45 days following the purchase. Payments made directly
through our applications are processed by third-party payment processors. We generally collect these balances
within 3 to 5 days following the purchase. The Company also maintains allowances to reserve for potential
credits issued to users or other revenue adjustments. The amounts of these reserves are based primarily upon
historical experience.
Accounts receivable related to indirect revenue include amounts billed and currently due from customers.
The Company maintains an allowance for credit losses to provide for the estimated amount of accounts
receivable that will not be collected. The allowance for credit losses is based upon historical collection trends
adjusted for economic conditions using reasonable and supportable forecasts. The time between the Company
issuance of an invoice and payment due date is not significant; customer payments that are not collected in
advance of the transfer of promised services are generally due no later than 30 days from invoice date.
Deferred Revenue
Deferred revenue consists of advance payments that are received or are contractually due in advance of
the Company’s performance. The Company’s deferred revenue is reported on a contract by contract basis at the
end of each reporting period. The Company classifies deferred revenue as current when the term of the
applicable subscription period or expected completion of our performance obligation is one year or less. The
deferred revenue balances are $151.3 million, $166.1 million, and $211.3 million at December 31, 2025, 2024,
and 2023, respectively. During the years ended December 31, 2025 and 2024, the Company recognized $166.1
million and $211.3 million of revenue that was included in the deferred revenue balance as of December 31,
2024 and 2023, respectively. At December 31, 2025 and 2024, there is no non-current portion of deferred
revenue.
Cash and Cash Equivalents Cash and Cash Equivalents
Cash and cash equivalents include cash and short-term investments, with maturities of less than 91 days
from the date of purchase. Domestically, cash equivalents primarily consist of (i) AAA rated government money
market funds and (ii) time deposits. Internationally, cash equivalents primarily consist of (i) time deposits and (ii)
money market funds.
Property and Equipment Property and Equipment
Property and equipment, including significant improvements, are recorded at cost. Repairs and
maintenance costs are expensed as incurred. Depreciation is computed using the straight-line method over the
estimated useful lives of the assets or, in the case of leasehold improvements, the lease term, if shorter.
Asset Category
Estimated
Useful Lives
Buildings and building improvements
10 to 39 years
Computer equipment and capitalized software
2 to 3 years
Furniture and other equipment
5 years
Leasehold improvements
6 to 10 years
The Company capitalizes certain internal use software costs including external direct costs utilized in
developing or obtaining the software and compensation for personnel directly associated with the development
of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases
when the project is substantially complete and ready for its intended purpose.
Business Combinations Business Combinations
The purchase price of each acquisition is attributed to the assets acquired and liabilities assumed based on
their fair values at the date of acquisition, including identifiable intangible assets that either arise from a
contractual or legal right or are separable from goodwill. The Company typically engages outside valuation
experts to assist in the allocation of purchase price to the identifiable intangible assets acquired, but
management has ultimate responsibility for the valuation methods, models, and inputs used and the resulting
purchase price allocation. The excess purchase price over the net tangible and identifiable intangible assets is
recorded as goodwill and assigned to the reporting unit that is expected to benefit from the combination as of
the acquisition date.
Goodwill and Indefinite-Lived Intangible Assets Goodwill and Indefinite-Lived Intangible Assets
The Company assesses goodwill on its four reporting units and indefinite-lived intangible assets for
impairment annually as of October 1, or more frequently if an event occurs or circumstances indicate that it is
more likely than not the fair value of a reporting unit or the fair value of an indefinite-lived intangible asset is
below its carrying value.
Goodwill
When the Company elects to perform a qualitative assessment and concludes it is not more likely than not
that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting
unit’s goodwill is necessary; otherwise, a quantitative assessment is performed to further assess if any goodwill
impairment exists.
If the Company concludes that it is more likely than not that there may be an impairment, the fair value of
each reporting unit will be determined and compared to its carrying value, including goodwill. If the fair value of
a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of
a reporting unit exceeds its estimated fair value, an impairment loss equal to the excess is recorded.
If measuring the estimated fair value of each operating unit, the Company uses a combination of an income
approach and a market approach. Under the income approach, a discounted cash flow analysis is performed
with assumptions and estimates of forecast operating cash flows including, revenue growth rates, profitability
margins, and discount rates, which all vary among reporting units. The market approach utilizes the guideline
public companies method and is based on revenue and income multiple data derived from publicly traded peer
group companies. There are significant judgments inherent in each analysis, including estimating the amount
and timing of expected future cash flows, the selection of appropriate discount rates, and the peer group
companies used.
The Company performed a qualitative impairment assessment as of October 1, 2025 and 2024 and
concluded that it was more likely than not that the fair values of each reporting unit exceeded their carrying
values.
Indefinite-Lived Intangible Assets
The Company has the option to qualitatively assess whether it is more likely than not that the fair values of
its indefinite-lived intangible assets are less than their carrying values. The Company performed a qualitative
impairment assessment for certain indefinite-lived assets as of October 1, 2025 and concluded that it was more
likely than not that the fair values of those indefinite-lived intangible assets exceeded their carrying values.
For assets in which a quantitative assessment is performed, the Company determines the fair value of its
indefinite-lived intangible assets using an avoided royalty discounted cash flow (“DCF”) valuation analysis.
Significant judgments inherent in this analysis include the selection of appropriate royalty and discount rates and
estimating the amount and timing of expected future cash flows. The discount rates used in the DCF analyses are
intended to reflect the risks inherent in the expected future cash flows generated by the respective intangible
assets. The royalty rates used in the DCF analyses are based upon an estimate of the royalty rates that a market
participant would pay to license the specific trade names and trademarks. The future cash flows are based on
the Company’s most recent forecast and budget and, for years beyond the budget, the Company’s estimates are
based, in part, on forecasted growth rates. Assumptions used in the avoided royalty DCF analyses, including the
discount rate and royalty rate, are assessed when a quantitative assessment is performed based on the actual
and projected cash flows related to the asset, as well as macroeconomic and industry specific factors.
Long-Lived Assets and Intangible Assets with Definite Lives Long-Lived Assets and Intangible Assets with Definite Lives
Long-lived assets, which consist of ROU assets, property and equipment, and intangible assets with definite
lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value
of an asset group may not be recoverable. The carrying value of a long-lived asset or asset group is not
recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual
disposition of the asset group. If the carrying value is deemed not to be recoverable, an impairment loss is
recorded equal to the amount by which the carrying value of the long-lived asset group exceeds its fair value.
Amortization of definite-lived intangible assets is computed either on a straight-line basis or based on the
pattern in which the economic benefits of the asset will be realized. During the year ended December 31, 2024,
in connection with our decision to terminate certain of our live streaming services and our Hakuna app, we
recognized impairment charges of $1.9 million related to definite-lived intangible assets in the Match Group Asia
and Evergreen & Emerging segments.
Fair Value Measurements Fair Value Measurements
The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that
prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:
•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for
identical assets and liabilities in active markets.
•Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for
similar assets or liabilities in active markets, quoted market prices for identical or similar assets or
liabilities in markets that are not active, and inputs that are derived principally from or corroborated by
observable market data. The fair values of the Company’s Level 2 financial assets are primarily obtained
from observable market prices for identical underlying securities that may not be actively traded.
Certain of these securities may have different market prices from multiple market data sources, in
which case an average market price is used.
•Level 3: Unobservable inputs for which there is little or no market data and require the Company to
develop its own assumptions, based on the best information available in the circumstances, about the
assumptions market participants would use in pricing the assets or liabilities.
The Company’s non-financial assets, such as goodwill, intangible assets, ROU assets, and property and
equipment, are adjusted to fair value only when an impairment is recognized. The Company’s financial assets,
comprising of equity securities without readily determinable fair values, are adjusted to fair value when
observable price changes are identified or an impairment is recognized. Such fair value measurements are based
predominantly on Level 3 inputs.
Advertising Costs Advertising Costs
Advertising costs are expensed in the period incurred (when the advertisement first runs for production
costs that are initially capitalized) and represent online marketing, including fees paid to search engines and
social media sites, and offline marketing.
Legal Costs Legal Costs
Legal costs are expensed as incurred.
Income Taxes Income Taxes
We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant
judgment is required in determining our provision for income taxes and income tax assets and liabilities,
including evaluating uncertainties in the application of accounting principles and complex tax laws.
We record a provision for income taxes for the anticipated tax consequences of our reported results of
operations using the asset and liability method. Under this method, we recognize deferred income tax assets and
liabilities for the future tax consequences of temporary differences between the financial reporting and tax
bases of asset and liabilities, as well as for net operating loss and tax credit carryforwards. Deferred tax assets
and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences
are expected to be realized or settled. We recognize the deferred income tax effects of a change in tax rates in
the period of enactment.
A valuation allowance is provided on deferred tax assets if it is determined that it is more likely than not
that the deferred tax asset will not be realized. We consider all available evidence, both positive and negative,
including historical levels of income, expectations and risks associated with estimates of future taxable income,
and tax planning strategies in assessing the need for a valuation allowance.
We recognize tax benefits from uncertain tax positions only if we believe that it is more likely than not that
the tax position will be sustained based on the technical merits of the position. Such tax benefits are measured
based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. This
measurement step is inherently difficult and requires subjective estimations of such amounts to determine the
probability of various possible outcomes. We consider many factors when evaluating and estimating our tax
positions and tax benefits, which may require periodic adjustment. We make adjustments to our unrecognized
tax benefits when facts and circumstances change, such as the closing of a tax audit or the refinement of an
estimate. Although we believe that we have adequately reserved for our uncertain tax positions, the final
outcome of these matters may vary significantly from our estimates. To the extent that the final outcome of
these matters is different from the amounts recorded, such differences will affect the income tax provision in
the period in which such determination is made, and could have a material impact on our financial condition and
operating results.
Earnings Per Share Earnings Per Share
Basic earnings per share is computed by dividing net income attributable to Match Group shareholders by
the weighted average number of common shares outstanding during the period. Diluted earnings per share
reflects the potential dilution that could occur from restricted stock units (“RSUs”), stock options and other
commitments to issue common stock using the treasury stock or the as if converted methods, as applicable.
Foreign Currency Translation and Transaction Gains and Losses Foreign Currency Translation and Transaction Gains and Losses
The financial position and operating results of foreign entities whose primary economic environment is
based on their local currency are consolidated using the local currency as the functional currency. These local
currency assets and liabilities are translated at the rates of exchange as of the balance sheet date, and local
currency revenue and expenses of these operations are translated at average rates of exchange during the
period. Translation gains and losses are included in accumulated other comprehensive income as a component
of shareholders’ equity. Transaction gains and losses resulting from assets and liabilities denominated in a
currency other than the functional currency are included in the consolidated statement of operations as a
component of “other (expense) income, net.” See “Note 15—Consolidated Financial Statement Details” for
additional information regarding foreign currency exchange gains and losses.
Translation gains and losses relating to foreign entities that are liquidated or substantially liquidated are
reclassified out of accumulated other comprehensive loss into income.
Stock-Based Compensation Stock-Based Compensation
Stock-based compensation is measured at the grant date based on the fair value of the award and is
generally expensed over the requisite service period.
Certain Risks and Concentrations Certain Risks and Concentrations
The Company’s business is subject to certain risks and concentrations, including dependence on third-party
technology providers, exposure to risks associated with online commerce security, and credit card fraud.
Financial instruments, which potentially subject the Company to concentration of credit risk, consist
primarily of cash and cash equivalents. Cash and cash equivalents are principally maintained with financial
institutions and are not covered by deposit insurance.
Recent Accounting Pronouncements Recent Accounting Pronouncements
Accounting pronouncements adopted by the Company
In December 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-09, which requires
additional disclosures around the income tax rate reconciliation and income taxes paid. The new standard is
effective for our reporting on Form 10-K for the year ended December 31, 2025. An entity may apply the
amendments in this ASU prospectively by providing the revised disclosures for the period ending December 31,
2025 and continuing to provide the pre-ASU No. 2023-09 disclosures for the prior periods, or may apply the
amendments retrospectively by providing the revised disclosures for all periods presented. We adopted the new
standard on a retrospective basis with the additional required disclosures included in Note 3—Income Taxes.
Accounting pronouncements not yet adopted by the Company
In November 2024, the FASB issued ASU No. 2024-03, which requires more detailed disclosures about
specified categories of expenses, including employee compensation, within certain expense captions presented
on the face of the income statement and to disclose selling expenses. ASU No. 2024-03 is effective for our
annual reporting on Form 10-K for the year ended December 31, 2027 and within interim periods beginning on
our Form 10-Q for the quarter ended March 31, 2028. The new standard may be applied prospectively or
retrospectively, and early adoption is permitted. We expect ASU No. 2024-03 to only impact our disclosures with
no impacts to our results of operations, cash flows, and financial condition. We are currently evaluating when we
will adopt the ASU.
In November 2024, the FASB issued ASU No. 2024-04, which clarifies the requirements for determining
whether certain settlements of convertible debt instruments should be accounted for as induced conversions or
extinguishment of convertible debt. ASU No. 2024-04 is effective for our annual reporting on Form 10-K for the
year ended December 31, 2026. The new standard may be applied prospectively or retrospectively, and early
adoption is permitted. We intend to adopt ASU No. 2024-04 for the year ended December 31, 2026. The ASU
adoption will only impact our results of operations and financial condition to the extent we have an induced
conversion or extinguishment of our convertible debt.
In September 2025, the FASB issued ASU No. 2025-06, which updates the accounting for internal use
software. The ASU updates the criteria that must be met for entities to begin capitalizing software costs. ASU No.
2025-06 is effective for the Company starting January 1, 2028. The new standard may be adopted prospectively,
retrospectively, or via modified prospective transition method, and early adoption is permitted. We are currently
evaluating ASU No. 2025-06 and its impact on our results of operations, cash flows, and financial condition and
evaluating when we will adopt the ASU.
Reclassifications Reclassifications
Certain prior year amounts have been reclassified to conform to the current year presentation.
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue The following table presents disaggregated revenue:
 
For the Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Revenue:
Direct Revenue
$3,414,877
$3,417,978
$3,308,131
Indirect Revenue (principally advertising revenue)
72,320
61,395
56,373
Total Revenue
$3,487,197
$3,479,373
$3,364,504
Direct Revenue:
Tinder
$1,862,922
$1,940,619
$1,917,629
Hinge
690,870
550,435
396,485
Evergreen & Emerging(a)
593,763
642,988
691,426
Match Group Asia(b)
267,322
283,936
302,591
Total Direct Revenue
$3,414,877
$3,417,978
$3,308,131
______________________
(a)Primarily consists of the brands Match®, Meetic®, OkCupid®, Plenty Of Fish®, and a number of
demographically focused brands.
(b)Primarily consists of the brands Pairs™ and Azar®.
Schedule of Estimated Useful Lives
Asset Category
Estimated
Useful Lives
Buildings and building improvements
10 to 39 years
Computer equipment and capitalized software
2 to 3 years
Furniture and other equipment
5 years
Leasehold improvements
6 to 10 years
v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Taxes and Non-controlling Interest U.S. and foreign income before income taxes are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
U.S. 
$661,835
$677,842
$708,333
Foreign
84,168
26,214
68,448
        Total
$746,003
$704,056
$776,781
Schedule of Components of Income Tax Expense (Benefit) The components of the income tax provision (benefit) are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Current income tax provision:
 
 
Federal
$28,990
$106,510
$54,523
State
12,063
18,039
16,136
Foreign
46,554
43,146
28,038
      Current income tax provision
87,607
167,695
98,697
Deferred income tax provision (benefit):
 
 
 
Federal
43,748
(2,672)
33,267
State
(1,545)
(5,916)
(669)
Foreign
2,732
(6,364)
(5,986)
      Deferred income tax provision (benefit)
44,935
(14,952)
26,612
      Income tax provision
$132,542
$152,743
$125,309
Schedule of Tax Payments, Net of Refunds Received Cash paid for income taxes, net of refunds received, by jurisdiction are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
U.S. Federal
$35,772
$81,412
$62,293
U.S. State and Local
13,424
18,845
17,686
Foreign
Brazil
10,159
9,480
8,181
Canada
10,145
7,727
3,794
France
11,557
12,819
1,311
Japan
11,033
13,382
10,857
Other
7,428
1,817
(2,088)
Total Foreign
50,322
45,225
22,055
Total income taxes paid, net of refunds received
$99,518
$145,482
$102,034
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Cash paid during the year for interest
$123,973
$152,890
$152,481
Schedule of Deferred Tax Assets and Liabilities The tax effects of cumulative temporary differences that give rise to significant portions of the deferred
tax assets and deferred tax liabilities are presented below. The valuation allowance is primarily related to
deferred tax assets for foreign net operating losses.
 
December 31,
 
2025
2024
 
(In thousands)
Deferred tax assets:
 
 
Net operating loss carryforwards
$155,548
$165,959
Tax credit carryforwards
49,277
71,222
Capitalized research expenses
99,442
127,428
Disallowed interest carryforwards
14,460
6,837
Stock-based compensation
25,622
30,671
Accrued expenses
36,451
19,963
Exchangeable notes
20,085
28,821
Lease liabilities
27,927
24,229
Other
8,620
6,066
Total deferred tax assets
437,432
481,196
Less valuation allowance
(161,210)
(156,710)
Deferred tax assets, net of valuation allowance
276,222
324,486
Deferred tax liabilities:
 
 
Intangible assets
(41,196)
(45,769)
Right-of-use assets
(24,010)
(19,981)
Property and equipment
(1,261)
(4,403)
Other
(4,430)
(3,546)
Total deferred tax liabilities
(70,897)
(73,699)
Net deferred tax assets
$205,325
$250,787
Schedule of Income Tax Rate Reconciliation A reconciliation of the U.S. federal statutory income tax rate to our effective tax rate is as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Income tax provision at the federal statutory rate
$156,661
21.0%
$147,852
21.0%
$163,124
21.0%
State income taxes, net of federal benefit(a)
7,539
1.0%
15,866
2.3%
11,955
1.5%
Foreign tax effects
Brazil
10,449
1.4%
9,352
1.3%
7,956
1.0%
Canada
Change in valuation allowance
6,344
0.9%
7,521
1.1%
—
—%
Other
4,239
0.6%
5,300
0.8%
1,007
0.1%
Other foreign jurisdictions
11,171
1.5%
11,239
1.6%
4,817
0.6%
Effect of cross-border tax laws
Foreign derived intangible income deduction
(39,579)
(5.3)%
(41,392)
(5.9)%
(38,730)
(5.0)%
Foreign tax credits
(14,171)
(1.9)%
(9,414)
(1.3)%
(7,950)
(1.0)%
Other
186
—%
162
—%
—
—%
Tax credits
Research credits
(14,569)
(2.0)%
(9,761)
(1.4)%
(11,380)
(1.5)%
Change in valuation allowance
185
—%
—
—%
(31,251)
(4.0)%
Nontaxable or nondeductible items
Stock-based compensation
1,081
0.1%
18,950
2.7%
28,245
3.6%
Other
1,919
0.3%
4,007
0.6%
1,348
0.2%
Changes in uncertain tax positions
1,087
0.1%
(6,939)
(1.0)%
(3,832)
(0.5)%
Income tax provision
$132,542
17.8%
$152,743
21.7%
$125,309
16.1%
______________________
(a)The majority (greater than 50%) of the tax effect in this category was made up of New Jersey, New York,
and New York City in 2025; Illinois, New Jersey, New York, New York City, and Pennsylvania in 2024; and
California, Illinois, New Jersey, New York, Pennsylvania and South Carolina in 2023.
Schedule of Unrecognized Tax Benefits Roll Forward A reconciliation of the beginning and ending amount of unrecognized tax benefits, including penalties but
excluding interest, is as follows:
 
December 31,
 
2025
2024
2023
 
(In thousands)
Balance at January 1
$48,664
$45,047
$43,340
Additions based on tax positions related to the current year
11,402
13,166
7,397
Additions for tax positions of prior years
8,272
921
4,532
Reductions for tax positions of prior years
(7,533)
(58)
(615)
Settlements
(279)
(9,615)
(852)
Expiration of applicable statute of limitations
(98)
(797)
(8,755)
Balance at December 31
$60,428
$48,664
$45,047
v3.25.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets, Net Goodwill and intangible assets, net, are as follows:
 
December 31,
 
2025
2024
 
(In thousands)
Goodwill
$2,339,350
$2,310,730
Intangible assets with indefinite lives
105,583
96,931
Intangible assets with definite lives, net
87,346
118,517
Total goodwill and intangible assets, net
$2,532,279
$2,526,178
Schedule of Goodwill by Reporting Unit The following table presents the balance of goodwill, including the changes in the carrying value of
goodwill, for the years ended December 31, 2025 and 2024:
Tinder
Hinge
Evergreen &
Emerging
MG Asia
Total
(In thousands)
Balance at December 31, 2023
$—
$—
$—
$—
$2,342,612
Foreign Exchange Translation
—
—
—
—
(19,883)
Other Adjustments
—
—
—
—
(2,997)
Reallocation to segments in the third quarter
of 2024(a)
1,532,968
512,846
182,517
91,401
—
Foreign Exchange Translation
—
—
—
(9,002)
(9,002)
Balance at December 31, 2024
$1,532,968
$512,846
$182,517
$82,399
$2,310,730
Additions
—
—
27,533
—
27,533
Foreign Exchange Translation
—
—
—
1,087
1,087
Balance at December 31, 2025
$1,532,968
$512,846
$210,050
$83,486
$2,339,350
______________________
(a)Represents the reallocation of goodwill to four reporting units. As a result of the change to our
operating segments in the third quarter of 2024, we reassessed our reporting units and determined that
the four operating segments are also our reporting units for the purpose of evaluating goodwill for
impairment. The Company re-allocated goodwill to each of the four reporting units based on their
relative fair values as of September 30, 2024. This change in reporting units is considered a triggering
event that requires a goodwill impairment assessment to be performed immediately before and after
the change. There was no goodwill impairment identified in either the before or after impairment tests.
Schedule of Intangible Assets with Definite Lives At
December 31, 2025 and 2024, intangible assets with definite lives are as follows:
December 31, 2025
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-
Average
Useful Life
(Years)
 
(In thousands)
Customer lists
$102,521
$(93,334)
$9,187
5.0
Patent and technology
44,837
(43,525)
1,312
10.0
Trade names
112,537
(35,690)
76,847
8.0
Other
18
(18)
—
—
Total
$259,913
$(172,567)
$87,346
7.7
December 31, 2024
Gross
Carrying
Amount
Accumulated
Amortization
Net
Weighted-
Average
Useful Life
(Years)
 
(In thousands)
 
Customer lists
$100,218
$(71,659)
$28,559
5.0
Patent and technology
43,988
(38,547)
5,441
5.9
Trade names
104,463
(19,946)
84,517
7.9
Other
18
(18)
—
—
Total
$248,687
$(130,170)
$118,517
7.1
Schedule of Expected Amortization of Intangible Assets At December 31, 2025, amortization of intangible assets with definite lives is estimated to be as follows:
(In thousands)
2026
$23,865
2027
14,678
2028
14,232
2029
12,595
2030 and thereafter
21,976
Total
$87,346
v3.25.4
FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured at Fair Value on a Recurring Basis The following tables present the Company’s financial instruments that are measured at fair value on a
recurring basis:
 
December 31, 2025
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
Cash equivalents:
 
 
Money market funds
$224,837
$—
$224,837
Time deposits
—
151,890
151,890
Short-term investments:
Time deposits
—
3,461
3,461
Intangible assets:
Digital assets (cost basis of $10,167)
7,216
—
7,216
Total
$232,053
$155,351
$387,404
 
December 31, 2024
 
Quoted Market
Prices in Active
Markets for
Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
Cash equivalents:
 
 
Money market funds
$264,008
$—
$264,008
Time deposits
—
121,000
121,000
Short-term investments:
 
 
Time deposits
—
4,734
4,734
Total
$264,008
$125,734
$389,742
Schedule of Carrying Value and Fair Value of Financial Instruments The following table presents the carrying value and the fair value of financial instruments measured at fair
value only for disclosure purposes.
December 31, 2025
December 31, 2024
Carrying Value
Fair Value
Carrying Value
Fair Value
(In thousands)
Current maturities of long-term debt, net (a)(b)
$(423,580)
$(416,966)
$—
$—
Long-term debt, net (a)(b)
$(3,549,099)
$(3,450,867)
$(3,848,983)
$(3,578,976)
______________________
(a)At December 31, 2025, the carrying value of current maturities of long-term debt, net includes
unamortized debt issuance costs of $0.3 million. At December 31, 2025 and 2024, the carrying value of
long-term debt, net includes unamortized original issue discount and debt issuance costs of $25.9
million and $26.0 million, respectively.
(b)At December 31, 2025, the fair value of the outstanding 2026 Exchangeable Notes and 2030
Exchangeable Notes is $417.0 million and $517.0 million, respectively. At December 31, 2024, the fair
value of the outstanding 2026 Exchangeable Notes and 2030 Exchangeable Notes is $541.2 million and
$498.0 million, respectively.
v3.25.4
LONG-TERM DEBT, NET (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Long-term debt, net consists of:
December 31,
2025
2024
(In thousands)
Credit Facility due March 20, 2029(a)
$—
$—
Term Loan due February 13, 2027
—
425,000
5.00% Senior Notes due December 15, 2027 (the “5.00% Senior
Notes”); interest payable each June 15 and December 15
450,000
450,000
4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”);
interest payable each June 1 and December 1
500,000
500,000
5.625% Senior Notes due February 15, 2029 (the “5.625% Senior
Notes”); interest payable each February 15 and August 15
350,000
350,000
4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”);
interest payable each February 1 and August 1
500,000
500,000
3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”);
interest payable each April 1 and October 1
500,000
500,000
6.125% Senior Notes due September 15, 2033 (the “6.125% Senior
Notes”); interest payable each March 15 and September 15,
commencing on March 15, 2026
700,000
—
0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026
Exchangeable Notes”); interest payable each June 15 and December
15
423,854
575,000
2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030
Exchangeable Notes”); interest payable each January 15 and July 15
575,000
575,000
Total long-term debt
3,998,854
3,875,000
Less: Current maturities of long-term debt
423,854
—
Less: Unamortized original issue discount
1,043
2,554
Less: Unamortized debt issuance costs
24,858
23,463
Total long-term debt, net
$3,549,099
$3,848,983
______________________
(a)Subject to springing maturity, described below.
The following table presents details of the outstanding exchangeable features:
Number of shares of
the Company’s
Common Stock into
which each $1,000 of
Principal of the
Exchangeable Notes is
Exchangeable(a)
Approximate
Equivalent Exchange
Price per Share(a)
Exchangeable Date
2026 Exchangeable Notes
11.6945
$85.51
March 15, 2026
2030 Exchangeable Notes
12.1530
$82.28
October 15, 2029
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Debt Instrument Redemption
Beginning September 15,
Percentage
2028
103.063%
2029
101.531%
2030 and thereafter
100.000%
Beginning October 1,
Percentage
2026
101.813%
2027
101.208%
2028
100.604%
2029 and thereafter
100.000%
Beginning May 1,
Percentage
2025
102.063%
2026
101.375%
2027
100.688%
2028 and thereafter
100.000%
Beginning February 15,
Percentage
2025
101.875%
2026
100.938%
2027 and thereafter
100.000%
Schedule of Exchangeable Notes Hedge and Warrants The following table sets forth the components of the outstanding Exchangeable Notes as of December 31,
2025 and 2024:
December 31, 2025
December 31, 2024
2026
Exchangeable
Notes
2030
Exchangeable
Notes
2026
Exchangeable
Notes
2030
Exchangeable
Notes
(In thousands)
Principal
$423,854
$575,000
$575,000
$575,000
Less: unamortized debt issuance costs
274
4,531
2,371
5,592
Net carrying value included in current maturities of long-
term debt, net
$423,580
$—
$—
$—
Net carrying value included in long-term debt, net
$—
$570,469
$572,629
$569,408
The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding at
December 31, 2025:
Number of Shares(a)
Approximate
Equivalent Exchange
Price per Share(a)
(Shares in millions)
2026 Exchangeable Notes Hedges
5.0
$85.51
2030 Exchangeable Notes Hedges
7.0
$82.28
Number of Shares(a)
Weighted Average
Strike Price per
Share(a)
(Shares in millions)
2026 Exchangeable Notes Warrants
5.0
$131.67
2030 Exchangeable Notes Warrants
7.0
$131.73
______________________
(a)Subject to adjustment upon the occurrence of specified events.
Schedule of Interest Expense, Exchangeable Notes The following table sets forth interest expense recognized related to the Exchangeable Notes for the years
ended December 31, 2025, 2024, and 2023:
Year Ended December 31, 2025
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$4,740
$11,500
Amortization of debt issuance costs
1,787
1,061
Total interest expense recognized
$6,527
$12,561
Year Ended December 31, 2024
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$5,031
$11,500
Amortization of debt issuance costs
1,605
1,038
Total interest expense recognized
$6,636
$12,538
Year Ended December 31, 2023
2026 Exchangeable
Notes
2030 Exchangeable
Notes
(In thousands)
Contractual interest expense
$5,031
$11,500
Amortization of debt issuance costs
1,586
1,015
Total interest expense recognized
$6,617
$12,515
Schedule of Long-term Debt Maturities Long-term debt maturities
Years Ending December 31,
(In thousands)
2026
$423,854
2027
450,000
2028
500,000
2029
350,000
2030
1,075,000
2031
500,000
2033
700,000
Total
3,998,854
Less: Current maturities of long-term debt
423,854
Less: Unamortized original issue discount
1,043
Less: Unamortized debt issuance costs
24,858
Total long-term debt, net
$3,549,099
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss The following tables present the components of accumulated other comprehensive loss. For the years
ended December 31, 2025, 2024, and 2023, the Company’s accumulated other comprehensive loss relates to
foreign currency translation adjustments.
Years Ended December 31,
2025
2024
2023
 
(In thousands)
Balance at January 1
$(449,611)
$(385,471)
$(369,182)
Other comprehensive income (loss)
26,200
(64,144)
(16,289)
Amounts reclassified into income
791
4
—
Net current period other comprehensive income (loss)
26,991
(64,140)
(16,289)
Balance at December 31
$(422,620)
$(449,611)
$(385,471)
v3.25.4
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share The following table sets forth the computation of the basic and diluted earnings per share attributable to
Match Group shareholders:
Years Ended December 31,
2025
2024
2023
Basic
Diluted
Basic
Diluted
Basic
Diluted
(In thousands, except per share data)
Numerator
Net income
$613,461
$613,461
$551,313
$551,313
$651,472
$651,472
Net (income) loss attributable to
noncontrolling interests
(15)
(15)
(37)
(37)
67
67
Impact from subsidiaries' dilutive
securities
—
(7)
—
(24)
—
(81)
Dilutive impact of Exchangeable
Notes, net of income tax(a)
—
10,155
—
12,691
—
12,684
Net income attributable to Match
Group, Inc. shareholders
$613,446
$623,594
$551,276
$563,943
$651,539
$664,142
Denominator
Weighted average basic shares
outstanding
242,676
242,676
260,299
260,299
275,773
275,773
Dilutive securities(b)(c)
—
6,612
—
5,367
—
4,114
Dilutive shares from Exchangeable Notes,
if-converted(a)
—
13,187
—
13,397
—
13,397
Denominator for earnings per share—
weighted average shares(b)(c)
242,676
262,475
260,299
279,063
275,773
293,284
Earnings per share:
Earnings per share attributable to Match
Group, Inc. shareholders
$2.53
$2.38
$2.12
$2.02
$2.36
$2.26
______________________
(a)The Company uses the if-converted method for calculating the dilutive impact of the outstanding
Exchangeable Notes. For the years ended December 31, 2025, 2024 and 2023, the Company adjusted
net income attributable to Match Group, Inc. shareholders for the cash interest expense, net of income
taxes, incurred on the 2026 and 2030 Exchangeable Notes. Dilutive shares were also included for the
same series of Exchangeable Notes.
(b)If the effect is dilutive, weighted average common shares outstanding include the incremental shares
that would be issued upon the assumed exercise of stock options, warrants, and subsidiary
denominated equity and vesting of restricted stock units. For the years ended December 31, 2025,
2024, and 2023, 15.5 million, 17.3 million, and 15.9 million potentially dilutive securities, respectively,
are excluded from the calculation of diluted earnings per share because their inclusion would have been
anti-dilutive.
(c)Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable
shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the
denominator for earnings per share if (i) the applicable market or performance condition(s) has been
met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting
periods. For the years ended December 31, 2025, 2024, and 2023, 2.7 million, 3.0 million, and 3.2
million market-based awards and PSUs, respectively, were excluded from the calculation of diluted
earnings per share because the market or performance conditions had not been met.
v3.25.4
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Changes in Outstanding Stock Options Stock options outstanding at December 31, 2025 and changes during the year ended December 31, 2025
are as follows:
 
December 31, 2025
 
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (In Years)
Aggregate
Intrinsic
Value
 
(Shares and intrinsic value in thousands)
Outstanding at January 1, 2025
2,712
$21.39
 
 
Exercised
(1,768)
18.12
 
 
Expired
(173)
39.52
Outstanding and exercisable at
December 31, 2025
771
$24.82
1.2
$8,668
Schedule of Restricted Stock Units and Performance Stock Units Unvested RSUs, PSUs, and market-based awards outstanding at December 31, 2025 and changes during the
year ended December 31, 2025 are as follows:
 
RSUs
PSUs
Market-based awards
 
Number of
shares
Weighted
Average
Grant Date
Fair Value
Number of
shares(a)
Weighted
Average
Grant Date
Fair Value
Number of
shares(a)
Weighted
Average
Grant Date
Fair Value
 
(Shares in thousands)
Unvested at January 1, 2025
8,777
$43.12
1,454
$41.31
2,976
$69.58
Granted
7,349
33.74
—
—
2,765
40.97
Vested
(4,769)
45.59
(416)
40.53
(16)
49.19
Forfeited
(2,849)
37.54
(270)
38.28
(1,546)
47.97
Expired
—
—
—
—
(828)
123.42
Unvested at December 31, 2025
8,508
$35.51
768
$42.80
3,351
$42.73
______________________
(a)Represents the maximum shares issuable.
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table presents revenue by segment, which includes revenue from customers in the form of
direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment revenue, which is
eliminated in consolidated results:
Years Ended December 31,
2025
2024
2023
(In thousands)
Revenue:
Tinder
$1,924,711
$1,991,137
$1,963,610
Hinge
690,872
550,435
396,485
Evergreen & Emerging
608,093
654,168
700,925
MG Asia
268,166
284,522
303,484
Eliminations
(4,645)
(889)
—
Total
$3,487,197
$3,479,373
$3,364,504
The following tables present the significant segment expenses regularly reviewed by our CODM:
Year Ended December 31, 2025
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$390,395
$176,095
$62,896
$61,610
Cost of acquisition
180,590
121,966
193,684
72,785
Variable expense
112,408
25,695
27,563
18,715
Employee compensation expense,
excluding stock-based compensation
expense
188,431
112,495
122,880
34,685
Other operating expenses(a)
111,536
28,122
60,634
13,996
Stock-based compensation(b)
89,586
56,279
38,548
21,052
Depreciation(b)
19,127
3,934
24,252
14,887
Impairment and amortization of
intangible assets(b)
—
—
14,370
24,178
Year Ended December 31, 2024
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$414,908
$151,467
$70,735
$63,292
Cost of acquisition
183,220
98,808
195,738
73,407
Variable expense
122,053
17,100
41,592
28,321
Employee compensation expense,
excluding stock-based compensation
expense
197,157
95,445
131,039
40,632
Other operating expenses(a)
56,776
21,137
44,646
18,064
Stock-based compensation(b)
90,141
42,673
54,922
25,818
Depreciation(b)
37,660
2,323
21,732
20,834
Impairment and amortization of
intangible assets(b)
—
—
27,676
46,499
Year Ended December 31, 2023
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$417,571
$110,093
$70,012
$70,251
Cost of acquisition
167,566
67,758
202,831
77,456
Variable expense
119,333
15,004
63,779
29,296
Employee compensation expense,
excluding stock-based compensation
expense
167,019
79,084
148,285
42,338
Other operating expenses(a)
42,761
16,900
52,222
22,353
Stock-based compensation(b)
68,644
31,459
50,268
23,399
Depreciation(b)
25,197
1,926
18,732
11,671
Impairment and amortization of
intangible assets(b)
—
—
12,336
35,395
______________________
(a)Other operating expenses primarily consists of office rent, business software, travel, indirect taxes, and
professional fees.
(b)Expense is a non-cash item and excluded from the profitability measure of Adjusted EBITDA.
Schedule of Reconciliation of Operating Income (Loss) and Adjusted Operating Income (Loss) The following tables present the segment profitability measures, operating income (loss) and Adjusted
EBITDA, and a reconciliation of the total segment profitability measures to income before income taxes:
Years Ended December 31,
2025
2024
2023
(In thousands)
Operating income (loss):
Tinder
$832,638
$889,222
$955,519
Hinge
166,286
121,482
74,261
Evergreen & Emerging
63,266
66,088
82,460
MG Asia
6,258
(32,345)
(8,675)
Total segment operating income
1,068,448
1,044,447
1,103,565
Corporate and unallocated costs(a)
(195,919)
(221,135)
(186,669)
Interest expense
(147,551)
(160,071)
(159,887)
Other income, net
21,025
40,815
19,772
Income before income taxes
$746,003
$704,056
$776,781
______________________
(a)Includes stock-based compensation and depreciation related to corporate.
Years Ended December 31,
2025
2024
2023
(In thousands)
Adjusted EBITDA:
Tinder
$941,351
$1,017,023
$1,049,360
Hinge
226,499
166,478
107,646
Evergreen & Emerging
140,436
170,418
163,796
MG Asia
66,375
60,806
61,790
Total segment Adjusted EBITDA
1,374,661
1,414,725
1,382,592
Corporate and unallocated costs
(138,270)
(162,358)
(124,059)
Stock-based compensation
(258,202)
(267,381)
(232,099)
Depreciation
(67,112)
(87,499)
(61,807)
Impairments and amortization of intangibles
(38,548)
(74,175)
(47,731)
Interest expense
(147,551)
(160,071)
(159,887)
Other income, net
21,025
40,815
19,772
Income before income taxes
$746,003
$704,056
$776,781
Schedule of Revenue and Long-lived Assets Revenue by geography is based on where the customer is located. The United States is the only country
from which revenue is greater than 10 percent of total revenue. Geographic information about revenue and
long-lived assets is presented below:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Revenue
 
 
United States
$1,531,905
$1,593,611
$1,541,012
All other countries
1,955,292
1,885,762
1,823,492
Total
$3,487,197
$3,479,373
$3,364,504
 
December 31,
 
2025
2024
 
(In thousands)
Long-lived assets (excluding goodwill and intangible assets)
 
 
United States
$101,947
$119,638
South Korea
14,846
16,608
All other countries
14,366
21,943
Total
$131,159
$158,189
v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Assets and Liabilities
Leases
Balance Sheet Classification
December 31, 2025
December 31, 2024
(In thousands)
Assets:
Right-of-use assets
Other non-current assets
$101,932
$86,417
Liabilities:
Current lease liabilities
Accrued expenses and other current
liabilities
$16,644
$19,213
Long-term lease liabilities
Other long-term liabilities
101,668
84,583
Total lease liabilities
$118,312
$103,796
Schedule of Lease Cost
Lease Cost
Income Statement Classification
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Fixed lease cost
Cost of revenue
$2,004
$1,875
Fixed lease cost
General and administrative expense
21,399
22,032
Total fixed lease cost(a)
23,403
23,907
Variable lease cost
Cost of revenue
637
441
Variable lease cost
General and administrative expense
2,952
3,368
Total variable lease cost
3,589
3,809
Net lease cost
$26,992
$27,716
______________________
(a)Includes approximately $0.5 million and $0.6 million of short-term lease cost for the years ended
December 31, 2025 and December 31, 2024, respectively.
Schedule of Maturity of Lease Liabilities Maturities of lease liabilities as of December 31, 2025(a):
(In thousands)
2026
$24,452
2027
20,067
2028
19,862
2029
20,242
2030
16,911
After 2030
42,475
Total
144,009
Less: Interest
(21,842)
Less: Tenant improvement receivables
(3,855)
Present value of lease liabilities
$118,312
______________________
(a)Operating lease payments exclude $29.3 million of legally binding minimum lease payments for leases
signed but not yet commenced.
Schedule of Weighted-Average Lease Term and Discount Rate of Leases The following are the weighted average assumptions used for lease term and discount rate:
December 31, 2025
December 31, 2024
Remaining lease term
7.1 years
7.2 years
Discount rate
4.39%
3.86%
Schedule of Other Lease Information
Year Ended
December 31, 2025
Year Ended
December 31, 2024
(In thousands)
Other information:
Right-of-use assets obtained in exchange for lease liabilities
$33,362
$11,420
Cash paid for amounts included in the measurement of lease liabilities
$24,741
$26,082
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Current Assets
 
December 31,
 
2025
2024
 
(In thousands)
Other current assets:
Prepaid expenses
$33,966
$40,936
Capitalized mobile app fees
23,153
28,629
Other
35,381
32,507
Other current assets
$92,500
$102,072
Schedule of Property and Equipment, Net
 
December 31,
 
2025
2024
 
(In thousands)
Property and equipment, net:
Computer equipment and capitalized software
$327,047
$294,359
Buildings and building improvements
20,184
68,493
Leasehold improvements
61,588
60,536
Land
6,473
11,565
Furniture and other equipment
13,102
17,060
Projects in progress
26,661
13,354
455,055
465,367
Accumulated depreciation and amortization
(323,896)
(307,178)
Property and equipment, net
$131,159
$158,189
Schedule of Accrued Expenses and Other Current Liabilities
 
December 31,
 
2025
2024
 
(In thousands)
Accrued expenses and other current liabilities:
Accrued employee compensation and benefits
$112,121
$112,802
Accrued legal settlement
60,500
—
Accrued advertising expense
51,275
50,284
Accrued non-income taxes
28,937
41,133
Accrued interest expense
44,516
29,899
Dividend payable
44,181
47,776
Other
80,521
83,163
Accrued expenses and other current liabilities
$422,051
$365,057
Schedule of Other Income, Net
Years Ended December 31,
2025
2024
2023
(In thousands)
Other income, net:
Interest income
$21,935
$41,105
$26,772
Foreign currency losses
(8,316)
(579)
(7,919)
Other
7,406
289
919
Other income, net
$21,025
$40,815
$19,772
Schedule of Cash and Cash Equivalents The following table provides a reconciliation of cash and cash equivalents and restricted cash reported
within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
December 31,
2025
2024
2023
2022
(In thousands)
Cash and cash equivalents
$1,027,838
$965,993
$862,440
$572,395
Restricted cash included in other current
assets
—
—
—
121
Total cash, cash equivalents, and restricted
cash as shown on the consolidated
statement of cash flow
$1,027,838
$965,993
$862,440
$572,516
Schedule of Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported
within the consolidated balance sheet to the total amounts shown in the consolidated statement of cash flows:
December 31,
2025
2024
2023
2022
(In thousands)
Cash and cash equivalents
$1,027,838
$965,993
$862,440
$572,395
Restricted cash included in other current
assets
—
—
—
121
Total cash, cash equivalents, and restricted
cash as shown on the consolidated
statement of cash flow
$1,027,838
$965,993
$862,440
$572,516
Schedule of Supplemental Disclosure of Cash Flow Information Cash paid for income taxes, net of refunds received, by jurisdiction are as follows:
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
U.S. Federal
$35,772
$81,412
$62,293
U.S. State and Local
13,424
18,845
17,686
Foreign
Brazil
10,159
9,480
8,181
Canada
10,145
7,727
3,794
France
11,557
12,819
1,311
Japan
11,033
13,382
10,857
Other
7,428
1,817
(2,088)
Total Foreign
50,322
45,225
22,055
Total income taxes paid, net of refunds received
$99,518
$145,482
$102,034
 
Years Ended December 31,
 
2025
2024
2023
 
(In thousands)
Cash paid during the year for interest
$123,973
$152,890
$152,481
v3.25.4
ORGANIZATION (Details) - segment
 12 Months Ended
Sep. 30, 2024
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Number of operating segments 4 4
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)
 3 Months Ended 12 Months Ended
Sep. 30, 2024
USD ($)
Dec. 31, 2025
USD ($)
reporting_unit
app_store
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Capitalized Contract Costs        
Amortization of capitalized contract costs   $ 692,700,000 $ 696,600,000  
Contract assets   $ 23,200,000 28,600,000 $ 33,100,000
Number of app stores | app_store   2    
Revenue from contract with customer, due date (no later than)   30 days    
Current deferred revenue   $ 151,337,000 166,142,000 211,300,000
Deferred revenue recognized   166,100,000 211,300,000  
Non-current deferred revenue   $ 0 0  
Cash equivalents:        
Maturity period from date of purchase for cash and cash equivalents (in days, less than)   91 days    
Property and Equipment        
Property and equipment, net   $ 131,159,000 $ 158,189,000  
Goodwill and Indefinite-Lived Intangible Assets        
Number of reporting units | reporting_unit   4    
Indefinite-lived intangible assets, fair value to carrying value, percentage (less than)     110.00%  
Impairments and amortization of intangibles   $ 38,548,000 $ 74,175,000 47,731,000
Reclassification from indefinite-lived intangible asset to definite-lived intangible asset     $ 47,200,000  
Long-Lived Assets and Intangible Assets with Definite Lives        
Impairment, Intangible Asset, Finite-Lived, Statement of Income or Comprehensive Income [Extensible Enumeration]     Impairments and amortization of intangibles  
Impairments and amortization of intangibles     $ 1,900,000  
Advertising Costs        
Advertising expense   550,400,000 546,800,000 519,600,000
Accumulated Foreign Currency Adjustment Attributable to Parent        
Foreign Currency Translation and Transaction Gains and Losses        
Amount of gains (losses) reclassified to earnings (less than in 2024)   $ 800,000 100,000 $ 0
MG Asia, Evergreen And Emerging Segment        
Goodwill and Indefinite-Lived Intangible Assets        
Impairments and amortization of intangibles $ 28,700,000      
Indefinite-lived Intangible Assets | Discount Rate        
Goodwill and Indefinite-Lived Intangible Assets        
Measurement input (as a percent)   0.14    
Indefinite-lived Intangible Assets | Royalty Rate        
Goodwill and Indefinite-Lived Intangible Assets        
Measurement input (as a percent)   0.06    
Software and Software Development Costs        
Property and Equipment        
Property and equipment, net   $ 68,600,000 $ 60,200,000  
App Store #1 | Accounts Receivable | Customer Concentration Risk        
Capitalized Contract Costs        
Concentration risk (percent)   74.00% 78.00%  
App Store #2 | Accounts Receivable | Customer Concentration Risk        
Capitalized Contract Costs        
Concentration risk (percent)   19.00% 16.00%  
Minimum        
Capitalized Contract Costs        
Subscription period   7 days    
Minimum | App Store        
Capitalized Contract Costs        
Account receivable, collection term   30 days    
Minimum | Purchase Made Through Applications        
Capitalized Contract Costs        
Account receivable, collection term   3 days    
Maximum        
Capitalized Contract Costs        
Subscription period   6 months    
Maximum | App Store        
Capitalized Contract Costs        
Account receivable, collection term   45 days    
Maximum | Purchase Made Through Applications        
Capitalized Contract Costs        
Account receivable, collection term   5 days    
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Disaggregation of Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]      
Total Direct Revenue $ 3,487,197 $ 3,479,373 $ 3,364,504
Direct Revenue:      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue 3,414,877 3,417,978 3,308,131
Direct Revenue: | Tinder      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue 1,862,922 1,940,619 1,917,629
Direct Revenue: | Hinge      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue 690,870 550,435 396,485
Direct Revenue: | Evergreen & Emerging      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue 593,763 642,988 691,426
Direct Revenue: | Match Group Asia      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue 267,322 283,936 302,591
Indirect Revenue (principally advertising revenue)      
Disaggregation of Revenue [Line Items]      
Total Direct Revenue $ 72,320 $ 61,395 $ 56,373
v3.25.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives (Details)
Dec. 31, 2025
Buildings and building improvements | Minimum  
Property and Equipment  
Estimated useful lives (in years) 10 years
Buildings and building improvements | Maximum  
Property and Equipment  
Estimated useful lives (in years) 39 years
Computer equipment and capitalized software | Minimum  
Property and Equipment  
Estimated useful lives (in years) 2 years
Computer equipment and capitalized software | Maximum  
Property and Equipment  
Estimated useful lives (in years) 3 years
Furniture and other equipment  
Property and Equipment  
Estimated useful lives (in years) 5 years
Leasehold improvements | Minimum  
Property and Equipment  
Estimated useful lives (in years) 6 years
Leasehold improvements | Maximum  
Property and Equipment  
Estimated useful lives (in years) 10 years
v3.25.4
INCOME TAXES - Income Before Income Taxes and Non-controlling Interest (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]      
U.S.  $ 661,835 $ 677,842 $ 708,333
Foreign 84,168 26,214 68,448
Income before income taxes $ 746,003 $ 704,056 $ 776,781
v3.25.4
INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Current income tax provision:      
Federal $ 28,990 $ 106,510 $ 54,523
State 12,063 18,039 16,136
Foreign 46,554 43,146 28,038
Current income tax provision 87,607 167,695 98,697
Deferred income tax provision (benefit):      
Federal 43,748 (2,672) 33,267
State (1,545) (5,916) (669)
Foreign 2,732 (6,364) (5,986)
Deferred income tax provision (benefit) 44,935 (14,952) 26,612
Income tax provision $ 132,542 $ 152,743 $ 125,309
v3.25.4
INCOME TAXES - Schedule of Tax Payments, Net of Refunds Received (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]      
U.S. Federal $ 35,772 $ 81,412 $ 62,293
U.S. State and Local 13,424 18,845 17,686
Foreign      
Total Foreign 50,322 45,225 22,055
Total income taxes paid, net of refunds received 99,518 145,482 102,034
Brazil      
Foreign      
Total Foreign 10,159 9,480 8,181
Canada      
Foreign      
Total Foreign 10,145 7,727 3,794
France      
Foreign      
Total Foreign 11,557 12,819 1,311
Japan      
Foreign      
Total Foreign 11,033 13,382 10,857
Other      
Foreign      
Total Foreign $ 7,428 $ 1,817 $ (2,088)
v3.25.4
INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating loss carryforwards $ 155,548 $ 165,959
Tax credit carryforwards 49,277 71,222
Capitalized research expenses 99,442 127,428
Disallowed interest carryforwards 14,460 6,837
Stock-based compensation 25,622 30,671
Accrued expenses 36,451 19,963
Exchangeable notes 20,085 28,821
Lease liabilities 27,927 24,229
Other 8,620 6,066
Total deferred tax assets 437,432 481,196
Less valuation allowance (161,210) (156,710)
Deferred tax assets, net of valuation allowance 276,222 324,486
Deferred tax liabilities:    
Intangible assets (41,196) (45,769)
Right-of-use assets (24,010) (19,981)
Property and equipment (1,261) (4,403)
Other (4,430) (3,546)
Total deferred tax liabilities (70,897) (73,699)
Net deferred tax assets $ 205,325 $ 250,787
v3.25.4
INCOME TAXES - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Loss Carryforwards      
Income tax benefit related to net operating loss carryforwards $ 1,100    
Disallowed interest carryforwards 14,460 $ 6,837  
Tax credit carryforwards 65,300    
Increase (decrease) in valuation allowance 4,500    
Valuation allowance at end of period 161,200    
Increase (decrease) in unrecognized tax benefits, income tax penalties and interest accrued 2,000 700 $ (300)
Noncurrent income taxes payable, accrued interest and penalties 3,600 1,600  
Income tax penalties and interest accrued 64,000 50,300  
Tax positions for which the ultimate deductibility is highly certain but timing is uncertain 58,500 $ 46,600  
Undistributed earnings of foreign subsidiaries 339,900    
Research tax credit carryforward      
Operating Loss Carryforwards      
Tax credit carryforwards 63,600    
Expires Between 2032 and 2045      
Operating Loss Carryforwards      
Tax credit carryforwards 6,300    
Federal      
Operating Loss Carryforwards      
Net operating loss carryforwards 5,000    
Net operating loss carryforwards subject to expiration 5,000    
State      
Operating Loss Carryforwards      
Net operating loss carryforwards 141,200    
Net operating loss carryforwards not subject to restriction 100,400    
State | Carried forward indefinitely      
Operating Loss Carryforwards      
Net operating loss carryforwards not subject to expiration 1,300    
State | Expires Between 2026 and 2045      
Operating Loss Carryforwards      
Net operating loss carryforwards subject to expiration 139,900    
Foreign      
Operating Loss Carryforwards      
Net operating loss carryforwards 625,400    
Net operating loss carryforwards not subject to restriction 564,600    
Disallowed interest carryforwards 51,700    
Foreign | Tax credit carryforward, other      
Operating Loss Carryforwards      
Tax credit carryforwards 1,700    
Foreign | Carried forward indefinitely      
Operating Loss Carryforwards      
Net operating loss carryforwards not subject to expiration 108,900    
Foreign | Expires Between 2026 and 2042      
Operating Loss Carryforwards      
Net operating loss carryforwards subject to expiration $ 516,500    
v3.25.4
INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Income tax provision at the federal statutory rate $ 156,661 $ 147,852 $ 163,124
State income taxes, net of federal benefit 7,539 15,866 11,955
Other 4,239 5,300 1,007
Effect of cross-border tax laws      
Foreign derived intangible income deduction (39,579) (41,392) (38,730)
Foreign tax credits (14,171) (9,414) (7,950)
Other 186 162 0
Tax credits      
Research credits (14,569) (9,761) (11,380)
Nontaxable or nondeductible items      
Stock-based compensation 1,081 18,950 28,245
Other 1,919 4,007 1,348
Changes in uncertain tax positions 1,087 (6,939) (3,832)
Income tax provision $ 132,542 $ 152,743 $ 125,309
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Income tax provision at the federal statutory rate 21.00% 21.00% 21.00%
State income taxes, net of federal benefit 1.00% 2.30% 1.50%
Change in valuation allowance     0.00%
Other 0.60% 0.80% 0.10%
Effect of cross-border tax laws      
Foreign derived intangible income deduction (5.30%) (5.90%) (5.00%)
Foreign tax credits (1.90%) (1.30%) (1.00%)
Other 0.00% 0.00% 0.00%
Tax credits      
Research credits (2.00%) (1.40%) (1.50%)
Nontaxable or nondeductible items      
Stock-based compensation 0.10% 2.70% 3.60%
Other 0.30% 0.60% 0.20%
Changes in uncertain tax positions 0.10% (1.00%) (0.50%)
Income tax provision 17.80% 21.70% 16.10%
Brazil      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign tax effects $ 10,449 $ 9,352 $ 7,956
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign tax effects 1.40% 1.30% 1.00%
Canada      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Change in valuation allowance $ 6,344 $ 7,521 $ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Change in valuation allowance 0.90% 1.10%  
Other      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign tax effects $ 11,171 $ 11,239 $ 4,817
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign tax effects 1.50% 1.60% 0.60%
United States      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Change in valuation allowance $ 185 $ 0 $ (31,251)
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Change in valuation allowance 0.00% 0.00% (4.00%)
v3.25.4
INCOME TAXES - Income Tax Contingencies (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of beginning and ending amount of unrecognized tax benefits, excluding interest      
Balance at beginning of period $ 48,664 $ 45,047 $ 43,340
Additions based on tax positions related to the current year 11,402 13,166 7,397
Additions for tax positions of prior years 8,272 921 4,532
Reductions for tax positions of prior years (7,533) (58) (615)
Settlements (279) (9,615) (852)
Expiration of applicable statute of limitations (98) (797) (8,755)
Balance at end of period $ 60,428 $ 48,664 $ 45,047
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Goodwill and Intangible Assets, Net (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]      
Goodwill $ 2,339,350 $ 2,310,730 $ 2,342,612
Intangible assets with indefinite lives 105,583 96,931  
Intangible assets with definite lives, net 87,346 118,517  
Total goodwill and intangible assets, net $ 2,532,279 $ 2,526,178  
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Goodwill by Reporting Unit (Details)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
segment
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2025
USD ($)
reporting_unit
segment
Dec. 31, 2024
USD ($)
Goodwill          
Balance at the beginning of the period     $ 2,342,612 $ 2,310,730 $ 2,342,612
Additions       27,533  
Foreign Exchange Translation   $ (9,002) (19,883) 1,087  
Other Adjustments         (2,997)
Reallocation to segments in the third quarter of 2024         0
Balance at the end of the period   2,310,730   $ 2,339,350 2,310,730
Number of reporting units | reporting_unit       4  
Number of operating segments | segment 4     4  
Tinder          
Goodwill          
Balance at the beginning of the period     0 $ 1,532,968 0
Additions       0  
Foreign Exchange Translation   0 0 0  
Other Adjustments         0
Reallocation to segments in the third quarter of 2024         1,532,968
Balance at the end of the period   1,532,968   1,532,968 1,532,968
Hinge          
Goodwill          
Balance at the beginning of the period     0 512,846 0
Additions       0  
Foreign Exchange Translation   0 0 0  
Other Adjustments         0
Reallocation to segments in the third quarter of 2024         512,846
Balance at the end of the period   512,846   512,846 512,846
Evergreen & Emerging          
Goodwill          
Balance at the beginning of the period     0 182,517 0
Additions       27,533  
Foreign Exchange Translation   0 0 0  
Other Adjustments         0
Reallocation to segments in the third quarter of 2024         182,517
Balance at the end of the period   182,517   210,050 182,517
MG Asia          
Goodwill          
Balance at the beginning of the period     0 82,399 0
Additions       0  
Foreign Exchange Translation   (9,002) $ 0 1,087  
Other Adjustments         0
Reallocation to segments in the third quarter of 2024         91,401
Balance at the end of the period   $ 82,399   $ 83,486 $ 82,399
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]   Impairments and amortization of intangibles
Impairment of intangible asset $ 0.1 $ 30.6
Reclassification of indefinite-lived intangible asset to definite-lived intangible assets   $ 47.2
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Intangible Assets with Definite Lives (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Intangible assets with definite lives    
Gross Carrying Amount $ 259,913 $ 248,687
Accumulated Amortization (172,567) (130,170)
Total $ 87,346 $ 118,517
Weighted-Average Useful Life (Years) 7 years 8 months 12 days 7 years 1 month 6 days
Customer lists    
Intangible assets with definite lives    
Gross Carrying Amount $ 102,521 $ 100,218
Accumulated Amortization (93,334) (71,659)
Total $ 9,187 $ 28,559
Weighted-Average Useful Life (Years) 5 years 5 years
Patent and technology    
Intangible assets with definite lives    
Gross Carrying Amount $ 44,837 $ 43,988
Accumulated Amortization (43,525) (38,547)
Total $ 1,312 $ 5,441
Weighted-Average Useful Life (Years) 10 years 5 years 10 months 24 days
Trade names    
Intangible assets with definite lives    
Gross Carrying Amount $ 112,537 $ 104,463
Accumulated Amortization (35,690) (19,946)
Total $ 76,847 $ 84,517
Weighted-Average Useful Life (Years) 8 years 7 years 10 months 24 days
Other    
Intangible assets with definite lives    
Gross Carrying Amount $ 18 $ 18
Accumulated Amortization (18) (18)
Total $ 0 $ 0
v3.25.4
GOODWILL AND INTANGIBLE ASSETS - Expected Amortization of Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
2026 $ 23,865  
2027 14,678  
2028 14,232  
2029 12,595  
2030 and thereafter 21,976  
Total $ 87,346 $ 118,517
v3.25.4
FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Fair Value Disclosures [Abstract]    
Equity securities without readily determinable fair value $ 33.3 $ 19.3
Cumulative downward adjustments to the carrying value of equity securities without readily determinable fair values 2.2  
Cumulative upward adjustments to the carrying value of equity securities without readily determinable fair values 6.7  
Impairment of intangible asset 0.1 30.6
Annual upward adjustments to the carrying value of equity securities without readily determinable fair values $ 6.7 0.0
Annual downward adjustments to the carrying value of equity securities without readily determinable fair values   $ 0.0
v3.25.4
FINANCIAL INSTRUMENTS - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Short-term investments:    
Short-term investments $ 3,461 $ 4,734
Intangible assets:    
Total 387,404 389,742
Intangible assets with indefinite lives 105,583 96,931
Digital Assets    
Intangible assets:    
Digital assets (cost basis of $10,167) 7,216  
Time deposits    
Short-term investments:    
Short-term investments 3,461 4,734
Quoted Market Prices in Active Markets for Identical Assets (Level 1)    
Intangible assets:    
Total 232,053 264,008
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Digital Assets    
Intangible assets:    
Digital assets (cost basis of $10,167) 7,216  
Intangible assets with indefinite lives 10,167  
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Time deposits    
Short-term investments:    
Short-term investments 0 0
Significant Other Observable Inputs (Level 2)    
Intangible assets:    
Total 155,351 125,734
Significant Other Observable Inputs (Level 2) | Digital Assets    
Intangible assets:    
Digital assets (cost basis of $10,167) 0  
Significant Other Observable Inputs (Level 2) | Time deposits    
Short-term investments:    
Short-term investments 3,461 4,734
Money market funds    
Cash equivalents:    
Cash equivalents 224,837 264,008
Money market funds | Quoted Market Prices in Active Markets for Identical Assets (Level 1)    
Cash equivalents:    
Cash equivalents 224,837 264,008
Money market funds | Significant Other Observable Inputs (Level 2)    
Cash equivalents:    
Cash equivalents 0 0
Time deposits    
Cash equivalents:    
Cash equivalents 151,890 121,000
Time deposits | Quoted Market Prices in Active Markets for Identical Assets (Level 1)    
Cash equivalents:    
Cash equivalents 0 0
Time deposits | Significant Other Observable Inputs (Level 2)    
Cash equivalents:    
Cash equivalents $ 151,890 $ 121,000
v3.25.4
FINANCIAL INSTRUMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Current maturities of long-term debt, net $ (423,854) $ 0
Long-term debt, net (3,549,099)  
Debt issuance costs 300  
2026 Exchangeable Notes | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Current maturities of long-term debt, net (423,580) 0
2030 Exchangeable Notes | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Current maturities of long-term debt, net 0 0
Carrying Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Current maturities of long-term debt, net (423,580) 0
Long-term debt, net (3,549,099) (3,848,983)
Unamortized original issue discount and debt issuance costs 25,900 26,000
Fair Value    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Current maturities of long-term debt, net (416,966) 0
Long-term debt, net (3,450,867) (3,578,976)
Fair Value | 2026 Exchangeable Notes | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Long-term debt fair value 417,000 541,200
Fair Value | 2030 Exchangeable Notes | Senior Notes    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Long-term debt fair value $ 517,000 $ 498,000
v3.25.4
LONG-TERM DEBT, NET - Long-term Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Long-term Debt    
Total long-term debt $ 3,998,854 $ 3,875,000
Less: Current maturities of long-term debt 423,854 0
Less: Unamortized original issue discount 1,043 2,554
Less: Unamortized debt issuance costs 24,858 23,463
Total long-term debt, net 3,549,099 3,848,983
Credit Facility | Credit Facility due March 20, 2029    
Long-term Debt    
Total long-term debt 0 0
Term Loan | Term Loan due February 13, 2027    
Long-term Debt    
Total long-term debt $ 0 425,000
Senior Notes | 5.00% Senior Notes due December 15, 2027 (the “5.00% Senior Notes”); interest payable each June 15 and December 15    
Long-term Debt    
Stated interest rate (as a percent) 5.00%  
Total long-term debt $ 450,000 450,000
Senior Notes | 4.625% Senior Notes due June 1, 2028 (the “4.625% Senior Notes”); interest payable each June 1 and December 1    
Long-term Debt    
Stated interest rate (as a percent) 4.625%  
Total long-term debt $ 500,000 500,000
Senior Notes | 5.625% Senior Notes due February 15, 2029 (the “5.625% Senior Notes”); interest payable each February 15 and August 15    
Long-term Debt    
Stated interest rate (as a percent) 5.625%  
Total long-term debt $ 350,000 350,000
Senior Notes | 4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”); interest payable each February 1 and August 1    
Long-term Debt    
Stated interest rate (as a percent) 4.125%  
Total long-term debt $ 500,000 500,000
Senior Notes | 3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”); interest payable each April 1 and October 1    
Long-term Debt    
Stated interest rate (as a percent) 3.625%  
Total long-term debt $ 500,000 500,000
Senior Notes | 6.125% Senior Notes due September 15, 2033 (the “6.125% Senior Notes”); interest payable each March 15 and September 15, commencing on March 15, 2026    
Long-term Debt    
Stated interest rate (as a percent) 6.125%  
Total long-term debt $ 700,000 0
Senior Notes | 0.875% Exchangeable Senior Notes due June 15, 2026 (the “2026 Exchangeable Notes”); interest payable each June 15 and December 15    
Long-term Debt    
Stated interest rate (as a percent) 0.875%  
Total long-term debt $ 423,854 575,000
Less: Current maturities of long-term debt 423,580 0
Less: Unamortized debt issuance costs 274 2,371
Total long-term debt, net $ 0 572,629
Senior Notes | 2.00% Exchangeable Senior Notes due January 15, 2030 (the “2030 Exchangeable Notes”); interest payable each January 15 and July 15    
Long-term Debt    
Stated interest rate (as a percent) 2.00%  
Total long-term debt $ 575,000 575,000
Less: Current maturities of long-term debt 0 0
Less: Unamortized debt issuance costs 4,531 5,592
Total long-term debt, net $ 570,469 $ 569,408
v3.25.4
LONG-TERM DEBT, NET - Narrative (Details)
shares in Millions
 12 Months Ended
Nov. 13, 2025
USD ($)
Sep. 08, 2025
USD ($)
Jan. 21, 2025
USD ($)
Mar. 20, 2024
USD ($)
Dec. 31, 2025
USD ($)
trading_day
shares
Dec. 31, 2024
USD ($)
Dec. 31, 2019
USD ($)
Long-term Debt              
Principal         $ 3,998,854,000 $ 3,875,000,000  
Maximum              
Long-term Debt              
Threshold trading days | trading_day         5    
Minimum              
Long-term Debt              
Threshold trading days | trading_day         1    
Credit Fcility              
Long-term Debt              
Debt instrument maturity term (in days)       91 days      
Maximum borrowing capacity         $ 500,000,000 500,000,000  
Remaining borrowing capacity         499,400,000 499,400,000  
Credit Fcility | Letter of Credit              
Long-term Debt              
Borrowings outstanding under credit facility         $ 600,000 600,000  
Credit Facility and Term Loan | Minimum              
Long-term Debt              
Maximum leverage ratio         4.25    
Credit Facility | Credit Fcility              
Long-term Debt              
Debt instrument maturity term (in days)       91 days      
Debt maturity terms, threshold aggregated principal amount of other indebtedness       $ 250,000,000      
Borrowings outstanding under credit facility         $ 0 0  
Annual commitment fee (as a percent)         0.25%    
Principal         $ 0 0  
Credit Facility | Credit Fcility | Maximum              
Long-term Debt              
Maximum leverage ratio         5.0    
Term Loan | Term Loan              
Long-term Debt              
Repayments of debt     $ 425,000,000        
Principal         $ 0 $ 425,000,000  
Basis spread on variable rate (as a percent)           1.75%  
Effective interest rate (as a percent)           6.22%  
Senior Notes              
Long-term Debt              
Threshold trading days | trading_day         20    
Threshold consecutive trading days | trading_day         30    
Exchange price on applicable trading day (as a percent)         130.00%    
Period of reported sale price of common stock         5 days    
Period of consecutive reported sale price of common stock         5 days    
Proportion of product of last reported price (as a percent)         98.00%    
Senior Notes | Maximum              
Long-term Debt              
Maximum leverage ratio         5.0    
Senior Notes | 6.125% Senior Notes              
Long-term Debt              
Principal         $ 700,000,000 $ 0  
Stated interest rate (as a percent)         6.125%    
Senior Notes | 3.625% Senior Notes              
Long-term Debt              
Principal         $ 500,000,000 500,000,000  
Stated interest rate (as a percent)         3.625%    
Senior Notes | 0.875% Exchangeable Senior Notes due October 1, 2022              
Long-term Debt              
Stated interest rate (as a percent)         0.875%    
Senior Notes | 4.625% Senior Notes              
Long-term Debt              
Principal         $ 500,000,000 500,000,000  
Stated interest rate (as a percent)         4.625%    
Senior Notes | 4.125% Senior Notes              
Long-term Debt              
Principal         $ 500,000,000 500,000,000  
Stated interest rate (as a percent)         4.125%    
Senior Notes | 5.625% Senior Notes              
Long-term Debt              
Principal         $ 350,000,000 350,000,000  
Stated interest rate (as a percent)         5.625%    
Senior Notes | 5.00% Senior Notes              
Long-term Debt              
Principal         $ 450,000,000 450,000,000  
Stated interest rate (as a percent)         5.00%    
Senior Notes | Exchangeable Notes | Match Group FinanceCo 2, Inc. & Match Group FinanceCo 3, Inc.              
Long-term Debt              
Threshold trading days | trading_day         20    
Threshold consecutive trading days | trading_day         30    
Exchange price on applicable trading day (as a percent)         130.00%    
Redemption price relative to principal amount (as a percent)         100.00%    
Senior Notes | 2026 Exchangeable Notes              
Long-term Debt              
Principal         $ 423,854,000 575,000,000  
Effective interest rate (as a percent)         1.20%    
Stated interest rate (as a percent)         0.875%    
Face amount of debt instrument             $ 575,000,000.0
Senior Notes | 2030 Exchangeable Notes              
Long-term Debt              
Principal         $ 575,000,000 $ 575,000,000  
Effective interest rate (as a percent)         2.20%    
Stated interest rate (as a percent)         2.00%    
Face amount of debt instrument             $ 575,000,000.0
Senior Notes | 0.875% Exchangeable Senior Notes Due June 15, 2026              
Long-term Debt              
Repayments of debt $ 73,400,000 $ 74,400,000          
Repurchase amount 74,800,000 76,400,000     $ 151,100,000    
Gain (loss) on extinguishment of debt $ 1,200,000 $ 1,800,000          
Senior Notes | 0.875% Exchangeable Senior Notes Due June 15, 2026 | Exchangeable Notes Hedge              
Long-term Debt              
Warrant settlement (in shares) | shares         1.8    
Warrant settlement, value         $ 0    
v3.25.4
LONG-TERM DEBT, NET - Redemption of 6.125% Notes (Details) - Senior Notes - 6.125% Senior Notes due September 15, 2033 (the “6.125% Senior Notes”); interest payable each March 15 and September 15, commencing on March 15, 2026
 12 Months Ended
Dec. 31, 2025
Debt Instrument, Redemption, Period One  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 103.063%
Debt Instrument, Redemption, Period Two  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 101.531%
Debt Instrument, Redemption, Period Three  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.00%
v3.25.4
LONG-TERM DEBT, NET - Redemption of 3.625% Notes (Details) - Senior Notes - 3.625% Senior Notes due October 1, 2031 (the “3.625% Senior Notes”); interest payable each April 1 and October 1
 12 Months Ended
Dec. 31, 2025
Debt Instrument, Redemption, Period One  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 101.813%
Debt Instrument, Redemption, Period Two  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 101.208%
Debt Instrument, Redemption, Period Three  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.604%
Debt Instrument, Redemption, Period Four  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.00%
v3.25.4
LONG-TERM DEBT, NET - Redemption of 4.125% Notes (Details) - Senior Notes - 4.125% Senior Notes due August 1, 2030 (the “4.125% Senior Notes”); interest payable each February 1 and August 1
 12 Months Ended
Dec. 31, 2025
Debt Instrument, Redemption, Period One  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 102.063%
Debt Instrument, Redemption, Period Two  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 101.375%
Debt Instrument, Redemption, Period Three  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.688%
Debt Instrument, Redemption, Period Four  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.00%
v3.25.4
LONG-TERM DEBT, NET - Redemption of 5.625% Notes (Details) - Senior Notes - 5.625% Senior Notes due February 15, 2029 (the “5.625% Senior Notes”); interest payable each February 15 and August 15
 12 Months Ended
Dec. 31, 2025
Debt Instrument, Redemption, Period One  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 101.875%
Debt Instrument, Redemption, Period Two  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.938%
Debt Instrument, Redemption, Period Three  
Debt Instrument, Redemption  
Redemption price relative to principal amount (as a percent) 100.00%
v3.25.4
LONG-TERM DEBT, NET - Details of Exchangeable Notes (Details) - Senior Notes
 12 Months Ended
Dec. 31, 2025
$ / shares
shares
2026 Exchangeable Notes  
Long-term Debt  
Number of shares of the Company’s Common Stock into which each $1,000 of Principal of the Exchangeable Notes is Exchangeable (shares) | shares 11.6945
Approximate Equivalent Exchange Price per Share (USD per share) | $ / shares $ 85.51
2030 Exchangeable Notes  
Long-term Debt  
Number of shares of the Company’s Common Stock into which each $1,000 of Principal of the Exchangeable Notes is Exchangeable (shares) | shares 12.1530
Approximate Equivalent Exchange Price per Share (USD per share) | $ / shares $ 82.28
v3.25.4
LONG-TERM DEBT, NET - Components of Exchangeable Notes (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Long-term Debt    
Principal $ 3,998,854 $ 3,875,000
Less: Unamortized debt issuance costs 24,858 23,463
Net carrying value included in current maturities of long-term debt, net 423,854 0
Net carrying value included in long-term debt, net 3,549,099 3,848,983
Senior Notes | 2026 Exchangeable Notes    
Long-term Debt    
Principal 423,854 575,000
Less: Unamortized debt issuance costs 274 2,371
Net carrying value included in current maturities of long-term debt, net 423,580 0
Net carrying value included in long-term debt, net 0 572,629
Senior Notes | 2030 Exchangeable Notes    
Long-term Debt    
Principal 575,000 575,000
Less: Unamortized debt issuance costs 4,531 5,592
Net carrying value included in current maturities of long-term debt, net 0 0
Net carrying value included in long-term debt, net $ 570,469 $ 569,408
v3.25.4
LONG-TERM DEBT, NET - Interest Expense, Exchangeable Notes (Details) - Senior Notes - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
2026 Exchangeable Notes      
Long-term Debt      
Contractual interest expense $ 4,740 $ 5,031 $ 5,031
Amortization of debt issuance costs 1,787 1,605 1,586
Total interest expense recognized 6,527 6,636 6,617
2030 Exchangeable Notes      
Long-term Debt      
Contractual interest expense 11,500 11,500 11,500
Amortization of debt issuance costs 1,061 1,038 1,015
Total interest expense recognized $ 12,561 $ 12,538 $ 12,515
v3.25.4
LONG-TERM DEBT, NET - Details of Exchangeable Notes Hedges and Warrants (Details) - Senior Notes
shares in Millions
Dec. 31, 2025
$ / shares
shares
Exchangeable Notes Hedge | 2026 Exchangeable Notes  
Long-term Debt  
Number of shares (shares) | shares 5.0
Approximate Equivalent Exchange Price per Share / Strike Price per Share (USD per share) | $ / shares $ 85.51
Exchangeable Notes Hedge | 2030 Exchangeable Notes  
Long-term Debt  
Number of shares (shares) | shares 7.0
Approximate Equivalent Exchange Price per Share / Strike Price per Share (USD per share) | $ / shares $ 82.28
Exchangeable Notes Warrant | 2026 Exchangeable Notes  
Long-term Debt  
Number of shares (shares) | shares 5.0
Approximate Equivalent Exchange Price per Share / Strike Price per Share (USD per share) | $ / shares $ 131.67
Exchangeable Notes Warrant | 2030 Exchangeable Notes  
Long-term Debt  
Number of shares (shares) | shares 7.0
Approximate Equivalent Exchange Price per Share / Strike Price per Share (USD per share) | $ / shares $ 131.73
v3.25.4
LONG-TERM DEBT, NET - Long-Term Debt Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
2026 $ 423,854  
2027 450,000  
2028 500,000  
2029 350,000  
2030 1,075,000  
2031 500,000  
2033 700,000  
Total 3,998,854 $ 3,875,000
Less: Current maturities of long-term debt 423,854 0
Less: Unamortized original issue discount 1,043 2,554
Less: Unamortized debt issuance costs 24,858 $ 23,463
Total long-term debt, net $ 3,549,099  
v3.25.4
SHAREHOLDERS' EQUITY (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Feb. 03, 2026
$ / shares
Dec. 31, 2025
USD ($)
vote
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
shares
Dec. 10, 2024
USD ($)
Jan. 31, 2024
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award            
Number of votes per share | vote   1        
Common stock shares reserved (shares)   59,300,000        
Amount authorized to be repurchased | $         $ 1,500,000 $ 1,000,000
Treasury stock, shares, acquired (shares)   24,700,000 22,200,000 13,500,000    
Retirement of treasury stock | $   $ 788,800 $ 752,700 $ 546,200    
Preferred stock authorized (shares)   100,000,000        
Preferred stock, par value (USD per share) | $ / shares   $ 0.01        
Preferred stock issued (shares)   0        
Payments of dividends | $   $ 186,255 $ 0 $ 0    
Dividends per share of common stock (USD per share) | $ / shares   $ 0.76 $ 0.19      
Subsequent Event            
Share-based Compensation Arrangement by Share-based Payment Award            
Dividends per share of common stock (USD per share) | $ / shares $ 0.20          
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE LOSS - Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Loss      
Balance at beginning of period $ (63,657) $ (19,073) $ (358,881)
Total other comprehensive income (loss) 26,986 (64,172) (16,279)
Balance at end of period (253,396) (63,657) (19,073)
Accumulated Other Comprehensive Loss      
Accumulated Other Comprehensive Loss      
Balance at beginning of period (449,611) (385,471) (369,182)
Other comprehensive income (loss) 26,200 (64,144) (16,289)
Amounts reclassified into income 791 4 0
Total other comprehensive income (loss) 26,991 (64,140) (16,289)
Balance at end of period $ (422,620) $ (449,611) $ (385,471)
v3.25.4
ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Equity [Abstract]      
Tax benefit / provision in accumulated other comprehensive loss $ 0 $ 0 $ 0
v3.25.4
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Numerator: Basic      
Net income $ 613,461 $ 551,313 $ 651,472
Net (income) loss attributable to noncontrolling interests (15) (37) 67
Net income attributable to Match Group, Inc. shareholders 613,446 551,276 651,539
Numerator: Diluted      
Net income 613,461 551,313 651,472
Net (income) loss attributable to noncontrolling interests (15) (37) 67
Impact from subsidiaries' dilutive securities (7) (24) (81)
Dilutive impact of Exchangeable Notes, net of income tax 10,155 12,691 12,684
Net income attributable to Match Group, Inc. shareholders $ 623,594 $ 563,943 $ 664,142
Denominator: Basic      
Weighted average basic shares outstanding (shares) 242,676 260,299 275,773
Denominator: Diluted      
Weighted average basic shares outstanding (shares) 242,676 260,299 275,773
Dilutive securities (shares) 6,612 5,367 4,114
Dilutive shares from Exchangeable Notes, if-converted (shares) 13,187 13,397 13,397
Denominator for earnings per share—weighted average shares (shares) 262,475 279,063 293,284
Earnings per share:      
Earnings per share attributable to Match Group, Inc. shareholders - basic (USD per share) $ 2.53 $ 2.12 $ 2.36
Earnings per share attributable to Match Group, Inc. shareholders - diluted (USD per share) $ 2.38 $ 2.02 $ 2.26
Stock Options, Warrants, and Subsidiary Denominated Equity      
Antidilutive Securities Excluded from Computation of Earnings Per Share      
Potentially dilutive securities excluded from the calculation of diluted earnings per share (shares) 15,500 17,300 15,900
Market based awards and performance based options and units      
Antidilutive Securities Excluded from Computation of Earnings Per Share      
Potentially dilutive securities excluded from the calculation of diluted earnings per share (shares) 2,700 3,000 3,200
v3.25.4
STOCK-BASED COMPENSATION - Narrative (Details)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2025
USD ($)
plan
day
$ / shares
shares
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
Share-based Compensation Arrangement by Share-based Payment Award      
Number of active stock-based compensation plans | plan 1    
Number of former stock-based compensation plans | plan 3    
Shares available for grant (shares) | shares 18,700    
Term of share-based compensation plan 10 years    
Unrecognized compensation cost $ 304.6    
Weighted-average period of recognition (in years) 1 year 10 months 24 days    
Excess tax benefits from stock-based awards $ 55.0 $ 28.7 $ 16.3
Tax benefit realized from stock option exercises 19.8 5.8 3.2
Intrinsic value of options exercised in period 28.2 6.9  
Cash received from stock option exercises $ 0.4 $ 6.5 13.0
Withholding tax rate 50.00%    
Number of common shares required to settle (shares) | shares 3,100 2,900  
Cash required to settle vested and unvested interests at fair value $ 100.5 $ 95.3  
Common stock shares reserved for issuance under incentive plans (shares) | shares 59,300    
Stock based compensation capitalized $ 11.0 $ 6.6 $ 11.7
RSUs and PSUs      
Share-based Compensation Arrangement by Share-based Payment Award      
Weighted average grant date fair value of market-based awards (USD per share) | $ / shares $ 33.74 $ 35.78  
RSUs      
Share-based Compensation Arrangement by Share-based Payment Award      
Weighted average grant date fair value of market-based awards (USD per share) | $ / shares $ 33.74    
Fair value of equity awards other than options vested during period $ 217.4 $ 239.9  
Number of equity awards other than options granted during period (shares) | shares 7,349    
PSUs      
Share-based Compensation Arrangement by Share-based Payment Award      
Weighted average grant date fair value of market-based awards (USD per share) | $ / shares $ 0    
Fair value of equity awards other than options vested during period $ 16.8 10.0  
Number of equity awards other than options granted during period (shares) | shares 0    
Market-based awards      
Share-based Compensation Arrangement by Share-based Payment Award      
Weighted average grant date fair value of market-based awards (USD per share) | $ / shares $ 40.97    
Fair value of equity awards other than options vested during period $ 0.8 $ 0.0  
Number of equity awards other than options granted during period (shares) | shares 2,765 1,300  
Market condition period 45 days    
Number of trading days | day 10    
Extended performance period 90 days    
Employee Stock      
Share-based Compensation Arrangement by Share-based Payment Award      
Weighted-average period of recognition (in years) 6 months    
Discount of the stock price from market price 15.00%    
Purchase period (in months) 6 months    
Number of shares purchased under ESPP (shares) | shares 300    
Average price per share of shares purchased under ESPP (USD per share) | $ / shares $ 24.74    
Common stock shares reserved for issuance under incentive plans (shares) | shares 1,900    
Unrecognized compensation cost, ESPP $ 0.6    
Minimum | RSUs      
Share-based Compensation Arrangement by Share-based Payment Award      
Vesting period 3 years    
Maximum | RSUs      
Share-based Compensation Arrangement by Share-based Payment Award      
Vesting period 4 years    
v3.25.4
STOCK-BASED COMPENSATION - Changes in Outstanding Stock Options (Details)
$ / shares in Units, shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Shares  
Balance at beginning of period (shares) | shares 2,712
Exercised (shares) | shares (1,768)
Expired (shares) | shares (173)
Balance at end of period (shares) | shares 771
Weighted Average Exercise Price  
Balance at beginning of period (USD per share) | $ / shares $ 21.39
Exercised (USD per share) | $ / shares 18.12
Expired (USD per share) | $ / shares 39.52
Balance at end of period (USD per share) | $ / shares $ 24.82
Options, Additional Disclosures  
Weighted average contractual term at period end (in years) 1 year 2 months 12 days
Aggregate intrinsic value of options outstanding | $ $ 8,668
Options exercisable (shares) | shares 771
Weighted average exercise price, Options exercisable (USD per share) | $ / shares $ 24.82
Weighted average contractual term, Options exercisable (in years) 1 year 2 months 12 days
Aggregate intrinsic value of options exercisable | $ $ 8,668
v3.25.4
STOCK-BASED COMPENSATION - Restricted Stock Units and Performance Stock Units (Details) - $ / shares
shares in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
RSUs    
Number of shares    
Balance at beginning of period (shares) 8,777  
Granted (shares) 7,349  
Vested (shares) (4,769)  
Forfeited (shares) (2,849)  
Expired (shares) 0  
Balance at end of period (shares) 8,508 8,777
Weighted Average Grant Date Fair Value    
Balance at beginning of period (USD per share) $ 43.12  
Granted (USD per share) 33.74  
Vested (USD per share) 45.59  
Forfeited (USD per share) 37.54  
Expired (USD per share) 0  
Balance at end of period (USD per share) $ 35.51 $ 43.12
PSUs    
Number of shares    
Balance at beginning of period (shares) 1,454  
Granted (shares) 0  
Vested (shares) (416)  
Forfeited (shares) (270)  
Expired (shares) 0  
Balance at end of period (shares) 768 1,454
Weighted Average Grant Date Fair Value    
Balance at beginning of period (USD per share) $ 41.31  
Granted (USD per share) 0  
Vested (USD per share) 40.53  
Forfeited (USD per share) 38.28  
Expired (USD per share) 0  
Balance at end of period (USD per share) $ 42.80 $ 41.31
Market-based awards    
Number of shares    
Balance at beginning of period (shares) 2,976  
Granted (shares) 2,765 1,300
Vested (shares) (16)  
Forfeited (shares) (1,546)  
Expired (shares) (828)  
Balance at end of period (shares) 3,351 2,976
Weighted Average Grant Date Fair Value    
Balance at beginning of period (USD per share) $ 69.58  
Granted (USD per share) 40.97  
Vested (USD per share) 49.19  
Forfeited (USD per share) 47.97  
Expired (USD per share) 123.42  
Balance at end of period (USD per share) $ 42.73 $ 69.58
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Narrative (Details) - segment
 12 Months Ended
Sep. 30, 2024
Dec. 31, 2025
Segment Reporting [Abstract]    
Number of operating segments 4 4
Number of reportable segments 4  
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Segment Reporting Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue $ 3,487,197 $ 3,479,373 $ 3,364,504
Operating segments | Tinder      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue 1,924,711 1,991,137 1,963,610
Operating segments | Hinge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue 690,872 550,435 396,485
Operating segments | Evergreen & Emerging      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue 608,093 654,168 700,925
Operating segments | MG Asia      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue 268,166 284,522 303,484
Eliminations      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Revenue $ (4,645) $ (889) $ 0
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Reconciliation of Operating Income (Loss) to Earnings before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): $ 872,529 $ 823,312 $ 916,896
Interest expense (147,551) (160,071) (159,887)
Other income, net 21,025 40,815 19,772
Income before income taxes 746,003 704,056 776,781
Operating segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): 1,068,448 1,044,447 1,103,565
Operating segments | Tinder      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): 832,638 889,222 955,519
Operating segments | Hinge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): 166,286 121,482 74,261
Operating segments | Evergreen & Emerging      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): 63,266 66,088 82,460
Operating segments | MG Asia      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): 6,258 (32,345) (8,675)
Corporate and unallocated costs      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Operating income (loss): $ (195,919) $ (221,135) $ (186,669)
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Reconciliation of Adjusted EBITA to Earnings before Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Stock-based compensation $ (258,202) $ (267,381) $ (232,099)
Depreciation (67,112) (87,499) (61,807)
Impairments and amortization of intangibles (38,548) (74,175) (47,731)
Interest expense (147,551) (160,071) (159,887)
Other income, net 21,025 40,815 19,772
Income before income taxes 746,003 704,056 776,781
Tinder      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Depreciation (19,127) (37,660) (25,197)
Impairments and amortization of intangibles 0 0 0
Hinge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Depreciation (3,934) (2,323) (1,926)
Impairments and amortization of intangibles 0 0 0
Evergreen & Emerging      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Depreciation (24,252) (21,732) (18,732)
Impairments and amortization of intangibles (14,370) (27,676) (12,336)
MG Asia      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Depreciation (14,887) (20,834) (11,671)
Impairments and amortization of intangibles (24,178) (46,499) (35,395)
Operating segments      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: 1,374,661 1,414,725 1,382,592
Operating segments | Tinder      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: 941,351 1,017,023 1,049,360
Operating segments | Hinge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: 226,499 166,478 107,646
Operating segments | Evergreen & Emerging      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: 140,436 170,418 163,796
Operating segments | MG Asia      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: 66,375 60,806 61,790
Corporate and unallocated costs      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Adjusted EBITDA: $ (138,270) $ (162,358) $ (124,059)
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Schedule of Significant Segment Expenses (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
Stock-based compensation $ 258,202 $ 267,381 $ 232,099
Depreciation 67,112 87,499 61,807
Impairment and amortization of intangible assets 38,548 74,175 47,731
Tinder      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
In-app purchase fees 390,395 414,908 417,571
Cost of acquisition 180,590 183,220 167,566
Variable expense 112,408 122,053 119,333
Employee compensation expense, excluding stock-based compensation expense 188,431 197,157 167,019
Other operating expenses 111,536 56,776 42,761
Stock-based compensation 89,586 90,141 68,644
Depreciation 19,127 37,660 25,197
Impairment and amortization of intangible assets 0 0 0
Hinge      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
In-app purchase fees 176,095 151,467 110,093
Cost of acquisition 121,966 98,808 67,758
Variable expense 25,695 17,100 15,004
Employee compensation expense, excluding stock-based compensation expense 112,495 95,445 79,084
Other operating expenses 28,122 21,137 16,900
Stock-based compensation 56,279 42,673 31,459
Depreciation 3,934 2,323 1,926
Impairment and amortization of intangible assets 0 0 0
Evergreen & Emerging      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
In-app purchase fees 62,896 70,735 70,012
Cost of acquisition 193,684 195,738 202,831
Variable expense 27,563 41,592 63,779
Employee compensation expense, excluding stock-based compensation expense 122,880 131,039 148,285
Other operating expenses 60,634 44,646 52,222
Stock-based compensation 38,548 54,922 50,268
Depreciation 24,252 21,732 18,732
Impairment and amortization of intangible assets 14,370 27,676 12,336
MG Asia      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]      
In-app purchase fees 61,610 63,292 70,251
Cost of acquisition 72,785 73,407 77,456
Variable expense 18,715 28,321 29,296
Employee compensation expense, excluding stock-based compensation expense 34,685 40,632 42,338
Other operating expenses 13,996 18,064 22,353
Stock-based compensation 21,052 25,818 23,399
Depreciation 14,887 20,834 11,671
Impairment and amortization of intangible assets $ 24,178 $ 46,499 $ 35,395
v3.25.4
SEGMENT AND GEOGRAPHIC INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue and Long-lived Assets by Geography      
Revenue $ 3,487,197 $ 3,479,373 $ 3,364,504
Long-lived assets (excluding goodwill and intangible assets) 131,159 158,189  
United States      
Revenue and Long-lived Assets by Geography      
Revenue 1,531,905 1,593,611 1,541,012
Long-lived assets (excluding goodwill and intangible assets) 101,947 119,638  
South Korea      
Revenue and Long-lived Assets by Geography      
Long-lived assets (excluding goodwill and intangible assets) 14,846 16,608  
All other countries      
Revenue and Long-lived Assets by Geography      
Revenue 1,955,292 1,885,762 $ 1,823,492
Long-lived assets (excluding goodwill and intangible assets) $ 14,366 $ 21,943  
v3.25.4
LEASES - Balance Sheet Information (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Right-of-use assets $ 101,932 $ 86,417
Liabilities:    
Current lease liabilities 16,644 19,213
Long-term lease liabilities 101,668 84,583
Total lease liabilities $ 118,312 $ 103,796
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other non-current assets Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other long-term liabilities Other long-term liabilities
v3.25.4
LEASES - Lease Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Lessee, Lease, Description [Line Items]    
Total fixed lease cost $ 23,403 $ 23,907
Total variable lease cost 3,589 3,809
Net lease cost 26,992 27,716
Short-term lease cost 500 600
Cost of revenue    
Lessee, Lease, Description [Line Items]    
Total fixed lease cost 2,004 1,875
Total variable lease cost 637 441
General and administrative expense    
Lessee, Lease, Description [Line Items]    
Total fixed lease cost 21,399 22,032
Total variable lease cost $ 2,952 $ 3,368
v3.25.4
LEASES - Operating Lease Liabilities Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
2026 $ 24,452  
2027 20,067  
2028 19,862  
2029 20,242  
2030 16,911  
After 2030 42,475  
Total 144,009  
Less: Interest (21,842)  
Less: Tenant improvement receivables (3,855)  
Present value of lease liabilities 118,312 $ 103,796
Minimum lease payments for leases signed but not yet commenced $ 29,300  
v3.25.4
LEASES - Weighted-Average Remaining Term and Discount Rate (Details)
Dec. 31, 2025
Dec. 31, 2024
Leases [Abstract]    
Remaining lease term 7 years 1 month 6 days 7 years 2 months 12 days
Discount rate 4.39% 3.86%
v3.25.4
LEASES - Other Lease Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Other information:    
Right-of-use assets obtained in exchange for lease liabilities $ 33,362 $ 11,420
Cash paid for amounts included in the measurement of lease liabilities $ 24,741 $ 26,082
v3.25.4
COMMITMENTS AND CONTINGENCIES (Details)
 3 Months Ended
Sep. 10, 2025
USD ($)
Jul. 19, 2022
USD ($)
Sep. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
lawsuit
Jul. 15, 2024
individual
Jan. 08, 2024
USD ($)
Other Commitments [Line Items]            
Loss contingency reserve       $ 0    
Number of lawsuits with possible material impact (one or more) | lawsuit       1    
Guarantee term       6 months    
FTC v. Match Group, Inc.            
Other Commitments [Line Items]            
Loss contingency, damages sought   $ 257,000,000        
Payments for legal settlements     $ 14,000,000      
Allan Candelore v. Tinder, Inc.            
Other Commitments [Line Items]            
Payments for legal settlements $ 60,500,000          
Number of individuals in a class action lawsuit | individual         270,000  
Minimum | Legal Case With Irish Data Protection Commission            
Other Commitments [Line Items]            
Loss contingency, estimate of possible loss           $ 0
Maximum | Legal Case With Irish Data Protection Commission            
Other Commitments [Line Items]            
Loss contingency, estimate of possible loss           $ 60,000,000
Purchase Obligation            
Other Commitments [Line Items]            
Purchase obligations due in 2026       $ 56,300,000    
Purchase obligation, to be paid in 2027       73,600,000    
Purchase obligation, to be paid in 2028       70,300,000    
Total purchase obligations       $ 200,200,000    
v3.25.4
BENEFIT PLANS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Defined Contribution Plan Disclosure      
Employee contribution limit per calendar year (as a percent of pre-tax earnings, up to statutory limit) 75.00%    
Employer contribution per dollar employee contributes up to contribution limit (as a percent) 100.00%    
Employer contribution limit per calendar year (as a percent of compensation, up to statutory limit) 10.00%    
Defined contribution plan, maximum annual contributions per employee, amount $ 10    
United States      
Defined Contribution Plan Disclosure      
Employer matching contributions during period 14,100 $ 14,500 $ 14,000
Foreign Plan      
Defined Contribution Plan Disclosure      
Employer matching contributions during period $ 4,700 $ 5,200 $ 6,400
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Current Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Other current assets:    
Prepaid expenses $ 33,966 $ 40,936
Capitalized mobile app fees 23,153 28,629
Other 35,381 32,507
Other current assets $ 92,500 $ 102,072
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Property and equipment, net:    
Property and equipment, gross $ 455,055 $ 465,367
Accumulated depreciation and amortization (323,896) (307,178)
Property and equipment, net 131,159 158,189
Computer equipment and capitalized software    
Property and equipment, net:    
Property and equipment, gross 327,047 294,359
Buildings and building improvements    
Property and equipment, net:    
Property and equipment, gross 20,184 68,493
Leasehold improvements    
Property and equipment, net:    
Property and equipment, gross 61,588 60,536
Land    
Property and equipment, net:    
Property and equipment, gross 6,473 11,565
Furniture and other equipment    
Property and equipment, net:    
Property and equipment, gross 13,102 17,060
Projects in progress    
Property and equipment, net:    
Property and equipment, gross $ 26,661 $ 13,354
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Accrued expenses and other current liabilities:    
Accrued employee compensation and benefits $ 112,121 $ 112,802
Accrued legal settlement 60,500 0
Accrued advertising expense 51,275 50,284
Accrued non-income taxes 28,937 41,133
Accrued interest expense 44,516 29,899
Dividend payable 44,181 47,776
Other 80,521 83,163
Accrued expenses and other current liabilities $ 422,051 $ 365,057
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income, Net (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Interest income $ 21,935 $ 41,105 $ 26,772
Foreign currency losses (8,316) (579) (7,919)
Other 7,406 289 919
Other income, net $ 21,025 $ 40,815 $ 19,772
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash and Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Cash and cash equivalents $ 1,027,838 $ 965,993 $ 862,440 $ 572,395
Restricted cash included in other current assets 0 0 0 121
Total cash, cash equivalents, and restricted cash as shown on the consolidated statement of cash flow $ 1,027,838 $ 965,993 $ 862,440 $ 572,516
v3.25.4
CONSOLIDATED FINANCIAL STATEMENT DETAILS - Supplemental Cash Flow Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]      
Cash paid during the year for interest $ 123,973 $ 152,890 $ 152,481
v3.25.4
SUBSEQUENT EVENT (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 06, 2026
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Subsequent Event [Line Items]        
Intangible assets with indefinite lives   $ 105,583 $ 96,931  
Intangible assets with definite lives, net   87,346 118,517  
Goodwill   2,339,350 $ 2,310,730 $ 2,342,612
Azar App        
Subsequent Event [Line Items]        
Intangible assets with indefinite lives   61,000    
Intangible assets with definite lives, net   9,000    
Capitalized software development costs   14,000    
Azar App | MG Asia        
Subsequent Event [Line Items]        
Goodwill   $ 83,000    
Azar App | Revenue from Contract with Customer Benchmark | Product Concentration Risk        
Subsequent Event [Line Items]        
Concentration risk (percent)   4.00% 4.00%  
Azar App | Subsequent Event        
Subsequent Event [Line Items]        
Notice period 15 days      
v3.25.4
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Allowance for credit losses      
Movement in Valuation Allowances and Reserves      
Balance at Beginning of Period $ 379 $ 603 $ 387
Charges to Income 0 75 368
Charges to Other Accounts (70) (300) (151)
Deductions (5) 1 (1)
Balance at End of Period 304 379 603
Deferred tax valuation allowance      
Movement in Valuation Allowances and Reserves      
Balance at Beginning of Period 156,710 159,675 71,132
Charges to Income 7,810 8,860 127,700
Charges to Other Accounts 1,476 (1,109) (142)
Deductions (4,786) (10,716) (39,015)
Balance at End of Period 161,210 156,710 159,675
Other reserves      
Movement in Valuation Allowances and Reserves      
Balance at Beginning of Period 5,065 7,466 6,563
Balance at End of Period $ 3,978 $ 5,065 $ 7,466