v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION NOTE 7—SEGMENT 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. 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:
Three Months Ended March 31,
2026
2025
(In thousands)
Revenue:
Tinder
$468,638
$463,416
Hinge
194,497
152,243
Evergreen & Emerging
142,675
152,429
MG Asia
59,801
63,823
Eliminations
(1,677)
(733)
Total
$863,934
$831,178
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:
Three Months Ended March 31,
2026
2025
(In thousands)
Operating income (loss):
Tinder
$215,924
$193,348
Hinge
56,112
28,625
Evergreen & Emerging
21,496
6,678
MG Asia
(17,595)
3,447
Total segment operating income
275,937
232,098
Corporate and unallocated costs(a)
(39,521)
(59,505)
Interest expense
(42,525)
(35,256)
Other income, net
6,640
2,616
Income before income taxes
$200,531
$139,953
______________________
(a)Includes stock-based compensation and depreciation related to corporate.
Three Months Ended March 31,
2026
2025
(In thousands)
Adjusted EBITDA:
Tinder
$237,052
$228,468
Hinge
70,517
42,575
Evergreen & Emerging
39,418
28,675
MG Asia
21,070
18,980
Total segment Adjusted EBITDA
368,057
318,698
Corporate and unallocated costs
(25,175)
(43,504)
Stock-based compensation
(58,567)
(70,394)
Depreciation
(14,132)
(21,729)
Impairment and amortization of intangibles
(33,767)
(10,478)
Interest expense
(42,525)
(35,256)
Other income, net
6,640
2,616
Income before income taxes
$200,531
$139,953
Corporate and unallocated costs includes 1) corporate expenses (such as executive management,
investor relations, corporate development, and 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:
Three Months Ended March 31, 2026
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$88,769
$35,500
$10,857
$12,572
Cost of acquisition
57,000
35,968
46,065
10,687
Variable expense
25,746
9,761
6,505
3,604
Employee compensation expense,
excluding stock-based
compensation expense
45,429
35,150
28,666
8,732
Other operating expenses(a)
14,642
7,601
11,164
3,136
Stock-based compensation(b)
19,576
12,682
7,685
5,367
Depreciation(b)
1,552
1,723
6,573
3,195
Impairment and amortization of
intangible assets(b)
—
—
3,664
30,103
Three Months Ended March 31, 2025
Tinder
Hinge
Evergreen &
Emerging
MG Asia
(In thousands)
In-app purchase fees
$95,243
$41,667
$17,749
$14,422
Cost of acquisition
45,617
25,526
53,257
15,541
Variable expense
30,384
4,946
6,816
4,868
Employee compensation expense,
excluding stock-based
compensation expense
51,895
31,746
35,141
8,660
Other operating expenses(a)
11,809
5,783
10,791
1,352
Stock-based compensation(b)
25,315
13,232
12,227
4,834
Depreciation(b)
9,805
718
6,317
3,674
Amortization of intangible assets(b)
—
—
3,453
7,025
______________________
(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.