SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

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:

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.

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