2022 Q3 Form 10-Q Financial Statement

#000089110322000082 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $809.5M $794.5M $806.1M
YoY Change 0.96% 12.26% 23.74%
Cost Of Revenue $247.0M $240.8M $234.5M
YoY Change 6.35% 24.72% 35.37%
Gross Profit $562.6M $553.7M $571.5M
YoY Change -1.24% 7.58% 19.53%
Gross Profit Margin 69.49% 69.69% 70.9%
Selling, General & Admin $243.8M $236.3M $249.4M
YoY Change -5.1% -2.47% 19.06%
% of Gross Profit 43.33% 42.68% 43.64%
Research & Development $87.88M $86.41M $66.37M
YoY Change 31.22% 65.75% 48.14%
% of Gross Profit 15.62% 15.61% 11.61%
Depreciation & Amortization $20.28M $11.49M $23.82M
YoY Change 100.76% 14.18% 112.66%
% of Gross Profit 3.61% 2.07% 4.17%
Operating Expenses $351.9M $322.7M $339.6M
YoY Change 8.67% 9.61% 27.91%
Operating Profit $210.6M -$10.08M $231.9M
YoY Change -4.51% -104.8% 9.1%
Interest Expense -$36.81M $35.62M -$12.39M
YoY Change -215.59% 10.57% -138.74%
% of Operating Profit -17.48% -5.34%
Other Income/Expense, Net $2.326M $5.291M -$446.4M
YoY Change -105.93% -1590.42% 26156.0%
Pretax Income $176.1M -$40.41M -$226.8M
YoY Change 17.8% -122.79% -236.8%
Income Tax $47.88M -$8.000M -$58.10M
% Of Pretax Income 27.18%
Net Earnings $128.7M -$32.37M -$168.6M
YoY Change -1.68% -123.03% -219.94%
Net Earnings / Revenue 15.9% -4.07% -20.92%
Basic Earnings Per Share $0.46 -$0.11 -$0.60
Diluted Earnings Per Share $429.0K -$0.11 -$0.60
COMMON SHARES
Basic Shares Outstanding 283.0M shares 285.1M shares 283.1M shares
Diluted Shares Outstanding 300.0M shares 285.1M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.3M $472.9M $827.2M
YoY Change -23.87% 90.0% 11.91%
Cash & Equivalents $390.6M $463.7M $815.4M
Short-Term Investments $7.678M $9.240M $11.82M
Other Short-Term Assets $132.8M $149.6M $202.6M
YoY Change -9.04% 18.48% 40.65%
Inventory
Prepaid Expenses $78.95M
Receivables $174.4M $182.3M $188.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $705.5M $804.8M $1.218B
YoY Change -32.94% 26.85% 19.41%
LONG-TERM ASSETS
Property, Plant & Equipment $172.2M $168.8M $163.3M
YoY Change 18.22% 29.9% 51.44%
Goodwill $2.190B $2.282B $2.412B
YoY Change -9.78% -23.26% 89.84%
Intangibles $439.1M $479.4M $771.7M
YoY Change -44.63% 111.14% 234.21%
Long-Term Investments
YoY Change
Other Assets $407.7M $149.1M $163.2M
YoY Change 146.42% -4.0% 32.08%
Total Long-Term Assets $3.209B $3.389B $3.845B
YoY Change -16.47% -10.8% 89.76%
TOTAL ASSETS
Total Short-Term Assets $705.5M $804.8M $1.218B
Total Long-Term Assets $3.209B $3.389B $3.845B
Total Assets $3.915B $4.194B $5.063B
YoY Change -20.01% -5.42% 66.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.77M $15.20M $37.87M
YoY Change -51.17% -73.76% 29.7%
Accrued Expenses $286.5M $294.6M $768.4M
YoY Change -13.07% 14.59% 231.55%
Deferred Revenue $256.2M $259.1M $262.1M
YoY Change -4.08% -1.48% 9.62%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $44.27M $58.90M $100.5M
YoY Change -63.42%
Total Short-Term Liabilities $601.7M $627.7M $1.168B
YoY Change -19.55% 8.6% 133.64%
LONG-TERM LIABILITIES
Long-Term Debt $3.834B $3.833B $3.829B
YoY Change -2.54% -0.34% -0.3%
Other Long-Term Liabilities $121.6M $109.8M $116.1M
YoY Change 1.13% -4.33% 34.27%
Total Long-Term Liabilities $3.956B $109.8M $3.945B
YoY Change 3190.94% -97.23% 0.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $601.7M $627.7M $1.168B
Total Long-Term Liabilities $3.956B $109.8M $3.945B
Total Liabilities $4.614B $737.5M $5.114B
YoY Change 431.46% -83.75% 15.5%
SHAREHOLDERS EQUITY
Retained Earnings -$7.867B -$7.996B -$8.145B
YoY Change -1.36% -1.37% -3.3%
Common Stock $8.216B $8.166B $8.164B
YoY Change 1.3% 1.21% 15.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $482.0M $215.5M $0.00
YoY Change
Treasury Stock Shares 7.192M shares 2.941M shares 0.000 shares
Shareholders Equity -$699.3M -$452.9M -$203.8M
YoY Change
Total Liabilities & Shareholders Equity $3.915B $4.194B $5.063B
YoY Change -20.01% -5.42% 66.2%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $128.7M -$32.37M -$168.6M
YoY Change -1.68% -123.03% -219.94%
Depreciation, Depletion And Amortization $20.28M $11.49M $23.82M
YoY Change 100.76% 14.18% 112.66%
Cash From Operating Activities $280.5M -$212.6M $245.6M
YoY Change -11.27% -185.53% -8.95%
INVESTING ACTIVITIES
Capital Expenditures -$11.07M -$9.648M -$27.16M
YoY Change -45.8% -56.33% 171.6%
Acquisitions
YoY Change
Other Investing Activities -$24.85M -$1.210M $3.378M
YoY Change 12.42% -99.86%
Cash From Investing Activities -$35.92M -$10.86M -$23.78M
YoY Change -15.53% -98.74% 137.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -310.9M -218.8M 83.42M
YoY Change -7761.48% -4538.12% 9.91%
NET CHANGE
Cash From Operating Activities 280.5M -212.6M 245.6M
Cash From Investing Activities -35.92M -10.86M -23.78M
Cash From Financing Activities -310.9M -218.8M 83.42M
Net Change In Cash -66.34M -442.2M 305.2M
YoY Change -123.89% -27.46% -9.06%
FREE CASH FLOW
Cash From Operating Activities $280.5M -$212.6M $245.6M
Capital Expenditures -$11.07M -$9.648M -$27.16M
Free Cash Flow $291.6M -$202.9M $272.7M
YoY Change -13.36% -174.98% -2.49%

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NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-366000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-433000 usd
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-768000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-31858000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
140895000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
148675000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
315145000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.11
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.52
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.52
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.17
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.11
CY2021Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.46
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.50
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.04
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
54767000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
42396000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
97062000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
72512000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-32365000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
140529000 usd
us-gaap Profit Loss
ProfitLoss
148242000 usd
us-gaap Profit Loss
ProfitLoss
314377000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-139201000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2136000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-185049000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-22745000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-139201000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2136000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-185049000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22745000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-171566000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
138393000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-36807000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
291632000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-507000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-366000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-433000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-768000 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-581000 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-77000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-966000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
-110000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1088000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-443000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1399000 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-878000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-170478000 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
138836000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-35408000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
292510000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-121774000 usd
CY2022Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-31857000 usd
CY2022Q2 mtch Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest Total
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterestTotal
-139201000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
58015000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6158000 usd
CY2022Q2 mtch Redeemable Noncontrolling Interest Change In Redemption Value
RedeemableNoncontrollingInterestChangeInRedemptionValue
-508000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
225000 usd
CY2022Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
215538000 usd
CY2022Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 usd
CY2022Q2 mtch Noncontrolling Interest Increase From Exercise Of Subsidiary Denominated Equity Award
NoncontrollingInterestIncreaseFromExerciseOfSubsidiaryDenominatedEquityAward
0 usd
CY2022Q2 mtch Adjustments To Additional Paid In Capital Settlement Of Warrants
AdjustmentsToAdditionalPaidInCapitalSettlementOfWarrants
-7116000 usd
CY2022Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
55000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-452101000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1212907000 usd
CY2021Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
141054000 usd
CY2021Q2 mtch Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest Total
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterestTotal
-2136000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
44656000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6553000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
890851000 usd
CY2021Q2 mtch Redeemable Noncontrolling Interest Change In Redemption Value
RedeemableNoncontrollingInterestChangeInRedemptionValue
-725000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1628000 usd
CY2021Q2 us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 usd
CY2021Q2 mtch Noncontrolling Interest Increase From Exercise Of Subsidiary Denominated Equity Award
NoncontrollingInterestIncreaseFromExerciseOfSubsidiaryDenominatedEquityAward
0 usd
CY2021Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
806000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-135088000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-195842000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
149192000 usd
mtch Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest Total
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterestTotal
-185049000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
103120000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-84507000 usd
mtch Redeemable Noncontrolling Interest Change In Redemption Value
RedeemableNoncontrollingInterestChangeInRedemptionValue
310000 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
17021000 usd
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
215538000 usd
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
0 usd
mtch Noncontrolling Interest Increase From Exercise Of Subsidiary Denominated Equity Award
NoncontrollingInterestIncreaseFromExerciseOfSubsidiaryDenominatedEquityAward
0 usd
mtch Adjustments To Additional Paid In Capital Settlement Of Warrants
AdjustmentsToAdditionalPaidInCapitalSettlementOfWarrants
-7116000 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
-350000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-452101000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-1413375000 usd
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
315312000 usd
mtch Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest Total
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterestTotal
-22745000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
76087000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
25978000 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
890851000 usd
mtch Redeemable Noncontrolling Interest Change In Redemption Value
RedeemableNoncontrollingInterestChangeInRedemptionValue
-1535000 usd
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
1628000 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
0 usd
mtch Noncontrolling Interest Increase From Exercise Of Subsidiary Denominated Equity Award
NoncontrollingInterestIncreaseFromExerciseOfSubsidiaryDenominatedEquityAward
0 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
4033000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-135088000 usd
us-gaap Profit Loss
ProfitLoss
148242000 usd
us-gaap Profit Loss
ProfitLoss
314377000 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
509000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
148242000 usd
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
313868000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
97062000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
72512000 usd
us-gaap Depreciation
Depreciation
21985000 usd
us-gaap Depreciation
Depreciation
20518000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
242232000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
455000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-32663000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-20731000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
1693000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
7407000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-934000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
103127000 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
46500000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-30562000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-32622000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-476056000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-17320000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-15089000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
18899000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1062000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
25712000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
19964000 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
350815000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
840869000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27305000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
32392000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1787000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
255000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-25518000 usd
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-873516000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
94252000 usd
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 usd
us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
52623000 usd
us-gaap Proceeds From Hedge Financing Activities
ProceedsFromHedgeFinancingActivities
0 usd
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
7482000 usd
us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
851000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
16356000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
37333000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
101089000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
11380000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
190980000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
46000000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
10554000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1473000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
10000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-335368000 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
23629000 usd
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-340922000 usd
us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-499072000 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 usd
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 usd
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
0 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10786000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-3636000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-351708000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-502708000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
815512000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
739302000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
463804000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
236594000 usd
mtch Number Of Languages Where Products Are Available
NumberOfLanguagesWhereProductsAreAvailable
40 languange
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q2 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
1000000 usd
CY2022Q2 mtch Income Taxes Payable Noncurrent Including Accrued Interest And Penalties
IncomeTaxesPayableNoncurrentIncludingAccruedInterestAndPenalties
1200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Accounting Estimates</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="margin-top:6pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 determination of revenue reserves; the carrying value of right-of-use 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.</span></div>
CY2021Q4 us-gaap Contract With Customer Liability Current
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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271254000 shares
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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509000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
315145000 usd
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322867000 usd
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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284794000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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269959000 shares
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269959000 shares
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15735000 shares
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us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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25162000 shares
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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269959000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Basic Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Diluted
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RestrictedCashAndCashEquivalentsAtCarryingValue
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138000 usd
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236594000 usd
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us-gaap Loss Contingency Disclosures
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<div style="margin-top:9pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 9—CONTINGENCIES</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 2—Income Taxes” for additional information related to income tax contingencies.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Pursuant to the Transaction Agreement, we have agreed to indemnify IAC for matters relating to any business of Former Match Group, including indemnifying IAC for costs related to the matters described below.</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The official names of legal proceedings in the descriptions below (shown in italics) reflect the original names of the parties when the proceedings were filed as opposed to the current names of the parties following the separation of Match Group and IAC.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Tinder Optionholder Litigation Against Former Match Group and Match Group</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On August 14, 2018, ten then-current and former employees of Match Group, LLC or Tinder, Inc. (“Tinder”), a former subsidiary of Former Match Group, filed a lawsuit in New York state court against Former Match Group and Match Group. See </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Sean Rad et al. v. IAC/InterActiveCorp and Match Group, Inc.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, No. 654038/2018 (Supreme </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Court, New York County). The complaint alleged that in 2017, the defendants: (i) wrongfully interfered with a contractually established process for the independent valuation of Tinder by certain investment banks, resulting in a substantial undervaluation of Tinder and a consequent underpayment to the plaintiffs upon exercise of their Tinder stock options, and (ii) then wrongfully merged Tinder into Former Match Group, thereby depriving certain of the plaintiffs of their contractual right to later valuations of Tinder on a stand-alone basis. The complaint asserted claims for breach of contract, breach of the implied covenant of good faith and fair dealing, unjust enrichment, interference with contractual relations (as against Former Match Group only), and interference with prospective economic advantage, and sought compensatory damages in the amount of at least $2 billion, as well as punitive damages. On August 31, 2018, four plaintiffs who were still employed by Former Match Group filed a notice of discontinuance of their claims without prejudice, leaving the six former employees as the remaining plaintiffs. On June 13, 2019, the court issued a decision and order granting defendants’ motion to dismiss the claims for breach of the implied covenant of good faith and fair dealing and for unjust enrichments, as well as the merger-related claim for breach of contract as to two of the remaining six plaintiffs, and otherwise denying defendants’ motion to dismiss. On July 13, 2020, the four former plaintiffs filed arbitration demands with the American Arbitration Association asserting the same valuation claims and on September 3, 2020, the four arbitrations were consolidated. Trial commenced on November 8, 2021. In accordance with the parties’ agreement in December 2021, in June 2022 we paid $441 million to settle all claims in trial and in arbitration.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">FTC Lawsuit Against Former Match Group</span></div><div style="margin-top:6pt;text-indent:22.5pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 25, 2019, the FTC filed a lawsuit in federal district court in Texas against Former Match Group. See </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">FTC v. Match Group, Inc.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, 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 October 9, 2020, the court granted the Company’s motion to stay the case until the United States Supreme Court issued a decision in the consolidated appeal of </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Federal Trade Commission v. Credit Bureau Center, LLC </span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">and</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> AMG Capital Management, LLC v. FTC.</span><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> On April 22, 2021, the Supreme Court issued its decision, ruling that the FTC cannot seek equitable monetary relief under Section 13(b) of the FTC Act. 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. The court otherwise denied our motion to dismiss. On July 19, 2022, the FTC filed its first amended complaint adding Match Group, LLC as a defendant. We believe that the FTC’s claims regarding Match.com’s practices, policies, and procedures are without merit and will defend vigorously against them.</span></div>
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
0 usd
CY2022Q2 mtch Numberof Lawsuitswith Possible Material Impact
NumberofLawsuitswithPossibleMaterialImpact
1 lawsuit

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