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Our global portfolio of brands includes Tinder</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:522.06pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:102.62pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.4pt;position:var(--position);text-decoration:none;white-space:pre">, Match</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:140.16pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.94pt;position:var(--position);text-decoration:none;white-space:pre">, Meetic</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:179.92000000000002pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.7pt;position:var(--position);text-decoration:none;white-space:pre">, OkCupid</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:229.13pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.91pt;position:var(--position);text-decoration:none;white-space:pre">, Pairs™, Plenty Of Fish</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:340.49pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.27pt;position:var(--position);text-decoration:none;white-space:pre">, Azar</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:370.81pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.59pt;position:var(--position);text-decoration:none;white-space:pre">, BLK</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:400.01pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.79pt;position:var(--position);text-decoration:none;white-space:pre">, and more, each built to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">increase our users’ likelihood of connecting with others. Through our trusted brands, we provide tailored </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">services to meet the varying preferences of our users. Match Group has </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.99pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.21pt;position:var(--position);text-decoration:none;white-space:pre"> operating segments, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Tinder, Hinge, Evergreen and Emerging, and Match Group Asia (“MG Asia”).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">As used herein, “Match Group,” the “Company,” “we,” “our,” “us,” and similar terms refer to Match </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Group, Inc. and its subsidiaries, unless the context indicates otherwise.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:249pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation and Consolidation </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:267pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company prepares its consolidated financial statements in accordance with U.S. generally </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:279pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:291pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company, all entities that are wholly-owned by the Company and all entities in which the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">has a controlling financial interest. Intercompany transactions and accounts have been eliminated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In management’s opinion, the unaudited interim consolidated financial statements have been </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:333pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">prepared on the same basis as the annual consolidated financial statements and reflect, in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">management’s opinion, all adjustments, consisting of normal and recurring adjustments, necessary for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:357pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the fair presentation of our consolidated financial position, consolidated results of operations and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">consolidated cash flows for the periods presented. Interim results are not necessarily indicative of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">results that may be expected for the full year. The accompanying unaudited consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">statements should be read in conjunction with the consolidated statements and notes thereto included </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:405pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in the Company’s Annual Report on Form 10-K for the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.95pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Estimates</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.25pt;position:var(--position);text-decoration:none;white-space:pre">Management of the Company is required to make certain estimates, judgments, and assumptions </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:456pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">during the preparation of its consolidated financial statements in accordance with GAAP. These </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">these estimates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:510pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.25pt;position:var(--position);text-decoration:none;white-space:pre">On an ongoing basis, the Company evaluates its estimates and judgments including those related </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:522pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">to: the fair values of cash equivalents; the carrying value of accounts receivable, including the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">determination of the allowance for credit losses; the carrying value of right-of-use assets; the useful </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">lives and recoverability of definite-lived intangible assets and property and equipment; the recoverability </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">determinable fair values; contingencies; unrecognized tax benefits; the valuation allowance for deferred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:582pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company bases its estimates and judgments on historical experience, its forecasts and budgets, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">other factors that the Company considers relevant.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:624pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting for Investments and Equity Securities</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Investments in equity securities, other than those of our consolidated subsidiaries, are accounted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">for at fair value or under the measurement alternative of the Financial Accounting Standards Board’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">(“FASB”) equity securities guidance, with any changes to fair value recognized within other income </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:678pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">(expense), net each reporting period. Under the measurement alternative, equity investments without </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:690pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">readily determinable fair values are carried at cost minus impairment, if any, plus or minus changes </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:702pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">resulting from observable price changes in orderly transactions for identical or a similar investment of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the same issuer; value is generally determined based on a market approach as of the transaction date. </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">A security will be considered identical or similar if it has identical or similar rights to the equity securities </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">held by the Company. The Company reviews its equity securities without readily determinable fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">values for impairment each reporting period when there are qualitative factors or events that indicate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">possible impairment. Factors we consider in making this determination include negative changes in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:129pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">industry and market conditions, financial performance, business prospects, and other relevant events </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:141pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and factors. When indicators of impairment exist, the Company prepares quantitative assessments of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:153pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the fair value of our investments in equity securities, which require judgment and the use of estimates. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:165pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">When our assessment indicates that the fair value of the investment is below the carrying value, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:177pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company writes down the security to its fair value and records the corresponding charge within other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:189pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income (expense), net</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.39pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:210pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Revenue is recognized when control of the promised services are transferred to our customers, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and in the amount that reflects the consideration the Company expects to be entitled to in exchange for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">those services.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:273pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:291pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue consists of advance payments that are received or are contractually due in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">advance of the Company's performance. The Company’s deferred revenue is reported on a contract by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:315pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">contract basis at the end of each reporting period. The Company classifies deferred revenue as current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:327pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">when the term of the applicable subscription period or expected completion of our performance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:339pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">obligation is one year or less. The current deferred revenue balance as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.51pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.3pt;position:var(--position);text-decoration:none;white-space:pre"> was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:351pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">$151.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">. During the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.59pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.71pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recognized </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.15pt;position:var(--position);text-decoration:none;white-space:pre">$126.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:363pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of revenue that was included in the deferred revenue balance as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.82pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.61pt;position:var(--position);text-decoration:none;white-space:pre">. The current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:375pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">deferred revenue balance at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.74pt;position:var(--position);text-decoration:none;white-space:pre"> is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.5pt;position:var(--position);text-decoration:none;white-space:pre">$150.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.17pt;position:var(--position);text-decoration:none;white-space:pre">. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.81pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.74pt;position:var(--position);text-decoration:none;white-space:pre">, there was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.38pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.5pt;position:var(--position);text-decoration:none;white-space:pre"> non-current portion of deferred revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Practical Expedients and Exemptions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company does not disclose the value of unsatisfied performance obligations for (i) contracts </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:438pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">with an original expected</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:186.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">length of one year or less, (ii) contracts with variable consideration that is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">allocated entirely to unsatisfied performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:272.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.81pt;position:var(--position);text-decoration:none;white-space:pre">obligations or to a wholly unsatisfied promise accounted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:462pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">for under the series guidance, and (iii) contracts for which the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:347pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.77pt;position:var(--position);text-decoration:none;white-space:pre">Company recognizes revenue at the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:474pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">amount which we have the right to invoice for services performed.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Disaggregation of Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents disaggregated revenue:</span></div><div style="position:var(--position);top:117pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:450pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:318.75pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:318.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:15.75pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.99pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:15.75pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:318.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div><div style="left:318.75pt;position:var(--position);top:30.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Direct Revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:57pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">847,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:57pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">812,449<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Indirect Revenue (principally advertising revenue)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:71.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">16,076<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:71.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">18,729<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:85.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">863,934<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:85.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">831,178<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Direct Revenue:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:128.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">454,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:128.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">447,403<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:142.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">194,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:142.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">152,241<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Evergreen &amp; Emerging</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:110.47999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:156.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">139,144<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:156.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">149,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Match Group Asia</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:88.81pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:171pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">59,520<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:171pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">63,655<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Direct Revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:185.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">847,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:185.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">812,449<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Primarily consists of the brands Match</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:281.34000000000003pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.12pt;position:var(--position);text-decoration:none;white-space:pre">, Meetic</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:321.1pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.88pt;position:var(--position);text-decoration:none;white-space:pre">, OkCupid</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:370.31pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.09pt;position:var(--position);text-decoration:none;white-space:pre">, Plenty Of Fish</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:443.36pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.14pt;position:var(--position);text-decoration:none;white-space:pre">, and a number of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:354.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">demographically focused brands.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Consists of the brands Pairs™ and Azar</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:289.69pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.47pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Recent Accounting Pronouncements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:411.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting pronouncements adopted by the Company</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:429.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued Accounting Standard Update (“ASU”) No. 2024-04, which </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:441.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">clarifies the requirements for determining whether certain settlements of convertible debt instruments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">should be accounted for as induced conversions or extinguishment of convertible debt. We adopted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU No. 2024-04 effective January 1, 2026. We adopted the new standard on a prospective basis. No </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:477.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">induced conversions have occurred in the period of adoption.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting pronouncements not yet adopted by the Company</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued ASU No. 2024-03, which requires more detailed disclosures </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">about specified categories of expenses, including employee compensation, within certain expense </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">captions presented on the face of the income statement, and disclosure of selling expenses. ASU No. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2024-03 is effective for our annual reporting on Form 10-K for the year ended December 31, 2027 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">within interim periods beginning on our Form 10-Q for the quarter ended March 31, 2028. The new </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:573.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">standard may be applied prospectively or retrospectively, and early adoption is permitted. We expect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:585.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU No. 2024-03 to only impact our disclosures with no impact to our results of operations, cash flows, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:597.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and financial condition. We are currently evaluating when we will adopt the ASU.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:615.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In September 2025, the FASB issued ASU No. 2025-06, which updates the accounting for internal </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">use software. The ASU updates the criteria that must be met for entities to begin capitalizing software </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:639.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">costs. ASU No. 2025-06 is effective for the Company starting January 1, 2028. The new standard may </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:651.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">be adopted prospectively, retrospectively, or via modified prospective transition method, and early </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:663.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">adoption is permitted. We are currently evaluating ASU No. 2025-06 and its impact on our results of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">operations, cash flows, and financial condition and evaluating when we will adopt the ASU.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Match Group, Inc., through its portfolio companies, is a leading provider of digital technologies </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">designed to help people make meaningful connections. Our global portfolio of brands includes Tinder</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:522.06pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:102.62pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.4pt;position:var(--position);text-decoration:none;white-space:pre">, Match</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:140.16pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.94pt;position:var(--position);text-decoration:none;white-space:pre">, Meetic</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:179.92000000000002pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:184.7pt;position:var(--position);text-decoration:none;white-space:pre">, OkCupid</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:229.13pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.91pt;position:var(--position);text-decoration:none;white-space:pre">, Pairs™, Plenty Of Fish</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:340.49pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:345.27pt;position:var(--position);text-decoration:none;white-space:pre">, Azar</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:370.81pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.59pt;position:var(--position);text-decoration:none;white-space:pre">, BLK</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:400.01pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:404.79pt;position:var(--position);text-decoration:none;white-space:pre">, and more, each built to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">increase our users’ likelihood of connecting with others. Through our trusted brands, we provide tailored </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">services to meet the varying preferences of our users. Match Group has </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.99pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.21pt;position:var(--position);text-decoration:none;white-space:pre"> operating segments, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Tinder, Hinge, Evergreen and Emerging, and Match Group Asia (“MG Asia”).</span></div> 4 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation and Consolidation </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:267pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company prepares its consolidated financial statements in accordance with U.S. generally </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:279pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:291pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company, all entities that are wholly-owned by the Company and all entities in which the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">has a controlling financial interest. Intercompany transactions and accounts have been eliminated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In management’s opinion, the unaudited interim consolidated financial statements have been </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:333pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">prepared on the same basis as the annual consolidated financial statements and reflect, in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">management’s opinion, all adjustments, consisting of normal and recurring adjustments, necessary for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:357pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the fair presentation of our consolidated financial position, consolidated results of operations and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">consolidated cash flows for the periods presented. Interim results are not necessarily indicative of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">results that may be expected for the full year. The accompanying unaudited consolidated financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">statements should be read in conjunction with the consolidated statements and notes thereto included </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:405pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in the Company’s Annual Report on Form 10-K for the year ended </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:370.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.95pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Estimates</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.25pt;position:var(--position);text-decoration:none;white-space:pre">Management of the Company is required to make certain estimates, judgments, and assumptions </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:456pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">during the preparation of its consolidated financial statements in accordance with GAAP. These </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:468pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:480pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:492pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">these estimates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:510pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.25pt;position:var(--position);text-decoration:none;white-space:pre">On an ongoing basis, the Company evaluates its estimates and judgments including those related </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:522pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">to: the fair values of cash equivalents; the carrying value of accounts receivable, including the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:534pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">determination of the allowance for credit losses; the carrying value of right-of-use assets; the useful </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:546pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">lives and recoverability of definite-lived intangible assets and property and equipment; the recoverability </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:558pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:570pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">determinable fair values; contingencies; unrecognized tax benefits; the valuation allowance for deferred </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:582pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company bases its estimates and judgments on historical experience, its forecasts and budgets, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">other factors that the Company considers relevant.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting for Investments and Equity Securities</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:642pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Investments in equity securities, other than those of our consolidated subsidiaries, are accounted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:654pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">for at fair value or under the measurement alternative of the Financial Accounting Standards Board’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">(“FASB”) equity securities guidance, with any changes to fair value recognized within other income </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:678pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">(expense), net each reporting period. Under the measurement alternative, equity investments without </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:690pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">readily determinable fair values are carried at cost minus impairment, if any, plus or minus changes </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:702pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">resulting from observable price changes in orderly transactions for identical or a similar investment of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:714pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the same issuer; value is generally determined based on a market approach as of the transaction date. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">A security will be considered identical or similar if it has identical or similar rights to the equity securities </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">held by the Company. The Company reviews its equity securities without readily determinable fair </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">values for impairment each reporting period when there are qualitative factors or events that indicate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">possible impairment. Factors we consider in making this determination include negative changes in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:129pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">industry and market conditions, financial performance, business prospects, and other relevant events </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:141pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and factors. When indicators of impairment exist, the Company prepares quantitative assessments of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:153pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the fair value of our investments in equity securities, which require judgment and the use of estimates. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:165pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">When our assessment indicates that the fair value of the investment is below the carrying value, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:177pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company writes down the security to its fair value and records the corresponding charge within other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:189pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income (expense), net</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.39pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:228pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Revenue is recognized when control of the promised services are transferred to our customers, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and in the amount that reflects the consideration the Company expects to be entitled to in exchange for </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">those services.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:273pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:291pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue consists of advance payments that are received or are contractually due in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">advance of the Company's performance. The Company’s deferred revenue is reported on a contract by </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:315pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">contract basis at the end of each reporting period. The Company classifies deferred revenue as current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:327pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">when the term of the applicable subscription period or expected completion of our performance </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:339pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">obligation is one year or less. The current deferred revenue balance as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.51pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:491.3pt;position:var(--position);text-decoration:none;white-space:pre"> was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:351pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">$151.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">. During the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.59pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:353.71pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recognized </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.15pt;position:var(--position);text-decoration:none;white-space:pre">$126.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:534.8199999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:363pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of revenue that was included in the deferred revenue balance as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.82pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.61pt;position:var(--position);text-decoration:none;white-space:pre">. The current </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:375pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">deferred revenue balance at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.74pt;position:var(--position);text-decoration:none;white-space:pre"> is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.5pt;position:var(--position);text-decoration:none;white-space:pre">$150.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.17pt;position:var(--position);text-decoration:none;white-space:pre">. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.36pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.81pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:457.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.74pt;position:var(--position);text-decoration:none;white-space:pre">, there was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.38pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.5pt;position:var(--position);text-decoration:none;white-space:pre"> non-current portion of deferred revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Practical Expedients and Exemptions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:426pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company does not disclose the value of unsatisfied performance obligations for (i) contracts </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:438pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">with an original expected</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:186.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:189.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">length of one year or less, (ii) contracts with variable consideration that is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">allocated entirely to unsatisfied performance</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:272.03999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.81pt;position:var(--position);text-decoration:none;white-space:pre">obligations or to a wholly unsatisfied promise accounted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:462pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">for under the series guidance, and (iii) contracts for which the</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:347pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.77pt;position:var(--position);text-decoration:none;white-space:pre">Company recognizes revenue at the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:474pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">amount which we have the right to invoice for services performed.</span></div> 151300000 126900000 150300000 0 0 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents disaggregated revenue:</span><div style="position:var(--position);top:117pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:450pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:318.75pt"></td><td style="padding:0;width:63.75pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:63.75pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15.75pt;width:318.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:15.75pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.99pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:15.75pt;width:63.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:318.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div><div style="left:318.75pt;position:var(--position);top:30.75pt;width:131.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:131.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Direct Revenue</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:57pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">847,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:57pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">812,449<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:71.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Indirect Revenue (principally advertising revenue)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:71.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">16,076<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:71.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">18,729<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Revenue</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:85.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">863,934<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:85.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">831,178<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Direct Revenue:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:128.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">454,697<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:128.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">447,403<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:142.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">194,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:142.5pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">152,241<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Evergreen &amp; Emerging</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:110.47999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:156.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">139,144<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:156.75pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:20.91pt"></span></span><span style="left:23.54pt;position:var(--position)">149,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:9.38pt;position:var(--position);white-space:pre">Match Group Asia</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:88.81pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:171pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">59,520<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:171pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:26.47pt"></span></span><span style="left:29.099999999999998pt;position:var(--position)">63,655<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:318.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total Direct Revenue</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:185.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">847,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:386.25pt;position:var(--position);top:185.25pt;width:63.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:63.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:15.35pt"></span></span><span style="left:23.54pt;position:var(--position)">812,449<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:324.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Primarily consists of the brands Match</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:281.34000000000003pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.12pt;position:var(--position);text-decoration:none;white-space:pre">, Meetic</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:321.1pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:325.88pt;position:var(--position);text-decoration:none;white-space:pre">, OkCupid</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:370.31pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.09pt;position:var(--position);text-decoration:none;white-space:pre">, Plenty Of Fish</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:443.36pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.14pt;position:var(--position);text-decoration:none;white-space:pre">, and a number of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:354.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">demographically focused brands.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:372.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Consists of the brands Pairs™ and Azar</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:289.69pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">®</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.47pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 847858000 812449000 16076000 18729000 863934000 831178000 454697000 447403000 194497000 152241000 139144000 149150000 59520000 63655000 847858000 812449000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Recent Accounting Pronouncements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:411.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting pronouncements adopted by the Company</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:429.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued Accounting Standard Update (“ASU”) No. 2024-04, which </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:441.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">clarifies the requirements for determining whether certain settlements of convertible debt instruments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">should be accounted for as induced conversions or extinguishment of convertible debt. We adopted </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:465.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU No. 2024-04 effective January 1, 2026. We adopted the new standard on a prospective basis. No </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:477.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">induced conversions have occurred in the period of adoption.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounting pronouncements not yet adopted by the Company</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the FASB issued ASU No. 2024-03, which requires more detailed disclosures </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">about specified categories of expenses, including employee compensation, within certain expense </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">captions presented on the face of the income statement, and disclosure of selling expenses. ASU No. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2024-03 is effective for our annual reporting on Form 10-K for the year ended December 31, 2027 and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">within interim periods beginning on our Form 10-Q for the quarter ended March 31, 2028. The new </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:573.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">standard may be applied prospectively or retrospectively, and early adoption is permitted. We expect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:585.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">ASU No. 2024-03 to only impact our disclosures with no impact to our results of operations, cash flows, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:597.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and financial condition. We are currently evaluating when we will adopt the ASU.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:615.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In September 2025, the FASB issued ASU No. 2025-06, which updates the accounting for internal </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">use software. The ASU updates the criteria that must be met for entities to begin capitalizing software </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:639.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">costs. ASU No. 2025-06 is effective for the Company starting January 1, 2028. The new standard may </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:651.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">be adopted prospectively, retrospectively, or via modified prospective transition method, and early </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:663.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">adoption is permitted. We are currently evaluating ASU No. 2025-06 and its impact on our results of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">operations, cash flows, and financial condition and evaluating when we will adopt the ASU.</span></div> <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 2—INCOME TAXES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At the end of each interim period, the Company estimates the annual effective income tax rate and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">applies that rate to its ordinary year-to-date income or loss. The income tax provision or benefit related </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:123pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">net of their related tax effects, is individually computed and recognized in the interim period in which it </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:147pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">occurs. In addition, the effect of changes in enacted tax laws or rates, tax status, and judgment on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:159pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">realizability of beginning-of-the-year deferred tax assets in future years or unrecognized tax benefits is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">recognized in the interim period in which the change occurs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:189pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The computation of the estimated annual effective income tax rate at each interim period requires </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:201pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:213pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:225pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">jurisdictions, permanent and temporary differences, and the likelihood of the realization of deferred tax </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:237pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">assets generated in the current year. The accounting estimates used to compute the provision or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:249pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">benefit for income taxes may change as new events occur, more experience is acquired, additional </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:261pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">information is obtained or our tax environment changes. To the extent that the estimated annual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:273pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">effective income tax rate changes during a quarter, the effect of the change on prior quarters is included </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:285pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in the income tax provision in the quarter in which the change occurs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:303pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:316.76pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339pt;position:var(--position);text-decoration:none;white-space:pre">, the Company recorded an income tax </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:315pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">provision of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:130.38pt;position:var(--position);text-decoration:none;white-space:pre">$33.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.49pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.71pt;position:var(--position);text-decoration:none;white-space:pre">$22.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.82pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:333pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The effective tax rates for the three-month periods in 2026 and 2025 of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.31pt;position:var(--position);text-decoration:none;white-space:pre">17%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.32pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.54pt;position:var(--position);text-decoration:none;white-space:pre">16%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.55pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively, were lower than the statutory rate primarily due to excess tax benefits generated by the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:357pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">exercise and vesting of stock-based awards, U.S. income derived from foreign sources, and research </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">credits. These effects were partially offset by nondeductible stock-based compensation and state </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income taxes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:399pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Match Group is routinely under audit by federal, state, local, and foreign authorities in the area of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:411pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income tax. These audits include a review of the timing and amount of income and deductions, and the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:423pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">allocation of such income and deductions among various tax jurisdictions. The Internal Revenue </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:435pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Service (“IRS”) has completed its audit of the Company’s federal income tax returns for years through </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:447pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2019. Although the 2020 and 2021 tax years are closed to assessment, adjustments to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:459pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">taxable income may still be made if it impacts net operating loss or credit carryforwards brought forward </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">from that year. Returns filed in various other jurisdictions are open to examination for tax years </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:483pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">beginning with 2015. Although we believe that we have adequately reserved for our uncertain tax </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">positions, the final tax outcome of these matters may vary significantly from our estimates.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.2pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.65pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.87pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, unrecognized tax benefits, including interest and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">penalties, were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.49pt;position:var(--position);text-decoration:none;white-space:pre">$67.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.6pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:224.82pt;position:var(--position);text-decoration:none;white-space:pre">$64.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.93pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. If unrecognized tax benefits at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:480.13pt;position:var(--position);text-decoration:none;white-space:pre">March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.74pt;position:var(--position);text-decoration:none;white-space:pre"> are subsequently recognized, income tax expense would be reduced by </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:421.54pt;position:var(--position);text-decoration:none;white-space:pre">$66.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.65pt;position:var(--position);text-decoration:none;white-space:pre">, net of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">related deferred tax assets and interest. The comparable amount as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.71pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.5pt;position:var(--position);text-decoration:none;white-space:pre"> was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:501.82pt;position:var(--position);text-decoration:none;white-space:pre">$58.5 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.83pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:579pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:591pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in the income tax provision. Accruals of interest and penalties for the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:380.87pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:603pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.74pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:143.2pt;position:var(--position);text-decoration:none;white-space:pre"> were not material. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.81pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.26pt;position:var(--position);text-decoration:none;white-space:pre">, noncurrent income taxes payable includes </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:615pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">accrued interest and penalties of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.71pt;position:var(--position);text-decoration:none;white-space:pre">$4.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.26pt;position:var(--position);text-decoration:none;white-space:pre">. The comparable amount as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:502.95pt;position:var(--position);text-decoration:none;white-space:pre"> was </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:627pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">$3.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.05pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 33700000 22400000 0.17 0.16 67100000 64000000.0 66200000 58500000 4100000 3600000 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 3—FINANCIAL INSTRUMENTS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Equity securities without readily determinable fair values</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:684pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At both </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.87pt;position:var(--position);text-decoration:none;white-space:pre"> and December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.64pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.88pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying value of the Company’s investments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:696pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in equity securities without readily determinable fair values totaled </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.78pt;position:var(--position);text-decoration:none;white-space:pre">$33.3 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.89pt;position:var(--position);text-decoration:none;white-space:pre">, and is included in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:708pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">“Other non-current assets” in the accompanying consolidated balance sheet. The cumulative downward </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">adjustments (including impairments) and upward adjustments to the carrying value of equity securities </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">without readily determinable fair values through </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:288.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.15pt;position:var(--position);text-decoration:none;white-space:pre"> were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.36pt;position:var(--position);text-decoration:none;white-space:pre">$2.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.13pt;position:var(--position);text-decoration:none;white-space:pre">$6.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.68pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively. For both the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.72pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.84pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.3pt;position:var(--position);text-decoration:none;white-space:pre">, there were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.83pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.95pt;position:var(--position);text-decoration:none;white-space:pre"> adjustments to </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the carrying value of equity securities without readily determinable fair values.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">For all equity securities without readily determinable fair values as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.92pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:147pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:142.05pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre">, the Company has elected the measurement alternative. For both the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.78pt;position:var(--position);text-decoration:none;white-space:pre">three months </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:159pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">ended</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:104.3pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.07pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:198.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.98pt;position:var(--position);text-decoration:none;white-space:pre">, under the measurement alternative election, the Company did not </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">identify any fair value adjustments using observable price changes in orderly transactions for an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:183pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">identical or similar investment of the same issuer.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.25pt;position:var(--position);text-decoration:none;white-space:pre">The Co</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.02pt;position:var(--position);text-decoration:none;white-space:pre">mpany categorizes its financial instruments measured at fair value into a fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:234pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:246pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy are:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:264pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Level 1: Observable inputs obtained from independent sources, such as quoted market prices </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:276pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">for identical assets and liabilities in active markets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:294pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:306pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">for similar assets or liabilities in active markets, quoted market prices for identical or similar </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:318pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">assets or liabilities in markets that are not active, and inputs that are derived principally from or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:330pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">corroborated by observable market data. The fair values of the Company’s Level 2 financial </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:342pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">assets are primarily obtained from observable market prices for identical underlying securities </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:354pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">that may not be actively traded. Certain of these securities may have different market prices </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:366pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">from multiple market data sources, in which case an average market price is used.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:384pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Level 3: Unobservable inputs for which there is little or no market data and require the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:396pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Company to develop its own assumptions, based on the best information available in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:408pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">circumstances, about the assumptions market participants would use in pricing the assets or </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:420pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">liabilities.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:438pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the Company’s financial instruments that are measured at fair value </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">on a recurring basis:</span></div><div style="position:var(--position);top:468pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:1.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:73.21pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td></tr><tr style="height:53.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Market</span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);text-decoration:none;white-space:pre">Prices in Active</span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Markets for</span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">Identical </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 1)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.21pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.87pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.64pt;position:var(--position);text-decoration:none;white-space:pre">Inputs</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 2)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">Measurements</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:69pt;width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">172,537<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.98pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">172,537<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">147,883<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">147,883<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,298<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,298<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:255.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Digital assets (cost basis of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.72pt;position:var(--position);text-decoration:none;white-space:pre">$10,167</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.85pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,174<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,174<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">176,711<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">151,181<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">327,892<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:1.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.66pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:53.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Market</span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);text-decoration:none;white-space:pre">Prices in Active</span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Markets for</span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">Identical </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 1)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.21pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.87pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.64pt;position:var(--position);text-decoration:none;white-space:pre">Inputs</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 2)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">Measurements</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:69pt;width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">224,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.98pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">224,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">151,890<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">151,890<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,461<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,461<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:255.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Digital assets Digital assets (cost basis of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.92pt;position:var(--position);text-decoration:none;white-space:pre">$10,167</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.04999999999998pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">232,053<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">155,351<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">387,404<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:315.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Assets measured at fair value on a nonrecurring basis</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:333.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s non-financial assets, such as goodwill, intangible assets, property and equipment, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and right-of-use assets, are adjusted to fair value only when an impairment charge is recognized. The </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:357.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company’s financial assets, comprised of equity securities without readily determinable fair values, are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:369.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">adjusted to fair value when observable price changes are identified or an impairment charge is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">recognized. Such fair value measurements are based predominantly on Level 3 inputs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:399.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">During the quarter ended March 31, 2026, Apple removed the Azar app from the Apple App Store </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:411.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">following a February 6, 2026 update to Apple’s App Review Guidelines. Updates were subsequently </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:423.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">made to the app to comply with the updated guidelines, which led to the reinstatement of a new version </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:435.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of the Azar app. Based on these recent events, the financial outlook for Azar changed and the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:447.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">performed impairment assessments for the non-financial assets associated with Azar. An impairment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:459.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">charge of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.94pt;position:var(--position);text-decoration:none;white-space:pre">$25.2 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:177.05pt;position:var(--position);text-decoration:none;white-space:pre"> related to the Azar trade name was recognized in the quarter ended March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2026 based on a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.74pt;position:var(--position);text-decoration:none;white-space:pre">$33.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.85pt;position:var(--position);text-decoration:none;white-space:pre"> current fair value, which was determined using an avoided royalty </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:483.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">discounted cash flow valuation. The Company also reclassified the Azar trade name from indefinite-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">lived intangible assets to the definite-lived intangible asset category as of March 31, 2026. There were </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:507.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">no other impairments identified for any other long-lived assets associated with Azar or the goodwill </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:519.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">associated with the MG Asia reporting unit as of March 31, 2026.</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments measured at fair value only for disclosure purposes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the carrying value and the fair value of financial instruments </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">measured at fair value only for disclosure purposes.</span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:186.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:134.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.71pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:134.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:31.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.43pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Value</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.43pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Value</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:28.5pt;width:272.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:108.61pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:186.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:186.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Current maturities of long-term debt </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:163.13pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a) (b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(423,729)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(420,675)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(423,580)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(416,966)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:186.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:186.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Long-term debt, net </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:92.61pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a) (b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,550,473)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,381,932)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,549,099)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,450,867)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:208.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:226.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.15pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying value of current maturities of long-term debt, net includes </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:238.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">unamortized debt issuance costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.93pt;position:var(--position);text-decoration:none;white-space:pre">$0.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.48pt;position:var(--position);text-decoration:none;white-space:pre">. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.12pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.34pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.13pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:250.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">the carrying value of long-term debt, net includes unamortized original issue discount and debt </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:262.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">issuance costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.93pt;position:var(--position);text-decoration:none;white-space:pre">$24.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.26pt;position:var(--position);text-decoration:none;white-space:pre">$25.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.37pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:280.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.15pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:292.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Notes (described in “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">Note 4—Long-term Debt, net</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.02pt;position:var(--position);text-decoration:none;white-space:pre">”) is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.44pt;position:var(--position);text-decoration:none;white-space:pre">$420.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.11pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.33pt;position:var(--position);text-decoration:none;white-space:pre">$512.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:498pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:304.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.52pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the 2026 Exchangeable Notes and 2030 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:316.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.5pt;position:var(--position);text-decoration:none;white-space:pre">$417.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.39pt;position:var(--position);text-decoration:none;white-space:pre">$517.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.06pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:423.41pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:334.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.2pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.65pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.87pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of long-term debt, net, is estimated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:346.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">using observable market prices or indices for similar liabilities, which are Level 2 inputs.</span></div> 33300000 33300000 2200000 6700000 0 0 0 0 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the Company’s financial instruments that are measured at fair value </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:450pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">on a recurring basis:</span></div><div style="position:var(--position);top:468pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:1.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:73.21pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td></tr><tr style="height:53.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Market</span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);text-decoration:none;white-space:pre">Prices in Active</span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Markets for</span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">Identical </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 1)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.21pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.87pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.64pt;position:var(--position);text-decoration:none;white-space:pre">Inputs</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 2)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">Measurements</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:69pt;width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">172,537<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.98pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">172,537<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">147,883<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">147,883<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,298<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:156pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,298<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:255.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Digital assets (cost basis of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.72pt;position:var(--position);text-decoration:none;white-space:pre">$10,167</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:173.85pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,174<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:186pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">4,174<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">176,711<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">151,181<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:201pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">327,892<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:1.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:65.66pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:53.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Market</span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.88pt;position:var(--position);text-decoration:none;white-space:pre">Prices in Active</span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.09pt;position:var(--position);text-decoration:none;white-space:pre">Markets for</span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">Identical </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 1)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.21pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.97pt;position:var(--position);text-decoration:none;white-space:pre">Other </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.87pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.64pt;position:var(--position);text-decoration:none;white-space:pre">Inputs</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.42pt;position:var(--position);text-decoration:none;white-space:pre">(Level 2)</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.65pt;position:var(--position);text-decoration:none;white-space:pre">Measurements</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:255.75pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:69pt;width:203.25pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:203.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.11pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:81pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash equivalents:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">224,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.98pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">224,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">151,890<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:126pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">151,890<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);text-decoration:none;white-space:pre">Time deposits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,461<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:157.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,461<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189pt;width:255.75pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.88pt;position:var(--position);white-space:pre">Digital assets Digital assets (cost basis of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.92pt;position:var(--position);text-decoration:none;white-space:pre">$10,167</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.04999999999998pt;position:var(--position);white-space:pre">)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:189pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">7,216<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:255.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:255.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">232,053<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">155,351<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:204.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">387,404<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 172537000 0 172537000 0 147883000 147883000 0 3298000 3298000 10167000 4174000 0 4174000 176711000 151181000 327892000 224837000 0 224837000 0 151890000 151890000 0 3461000 3461000 10167000 7216000 0 7216000 232053000 155351000 387404000 25200000 33400000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents the carrying value and the fair value of financial instruments </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">measured at fair value only for disclosure purposes.</span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:186.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:134.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:38.71pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:134.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:134.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:31.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.43pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Value</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.43pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Value</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.53pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:28.5pt;width:272.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:272.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:108.61pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:186.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:186.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Current maturities of long-term debt </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:163.13pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a) (b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(423,729)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(420,675)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(423,580)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:41.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:13.52pt"></span></span><span style="left:21.709999999999997pt;position:var(--position)">(416,966)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:186.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:186.75pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Long-term debt, net </span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:92.61pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a) (b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:186.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,550,473)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:255.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,381,932)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,549,099)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:56.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:5.19pt"></span></span><span style="left:13.379999999999999pt;position:var(--position)">(3,450,867)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:208.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:226.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.15pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying value of current maturities of long-term debt, net includes </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:238.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">unamortized debt issuance costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.93pt;position:var(--position);text-decoration:none;white-space:pre">$0.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.48pt;position:var(--position);text-decoration:none;white-space:pre">. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.12pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:431.34pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.13pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:250.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">the carrying value of long-term debt, net includes unamortized original issue discount and debt </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:262.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">issuance costs of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.93pt;position:var(--position);text-decoration:none;white-space:pre">$24.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:270.26pt;position:var(--position);text-decoration:none;white-space:pre">$25.9 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.37pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:280.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.7pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.15pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the 2026 Exchangeable Notes and 2030 Exchangeable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:292.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Notes (described in “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">Note 4—Long-term Debt, net</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.02pt;position:var(--position);text-decoration:none;white-space:pre">”) is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.44pt;position:var(--position);text-decoration:none;white-space:pre">$420.7 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.11pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.33pt;position:var(--position);text-decoration:none;white-space:pre">$512.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:498pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:304.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively. At </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.52pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the 2026 Exchangeable Notes and 2030 </span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.5pt;position:var(--position);text-decoration:none;white-space:pre">$417.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.39pt;position:var(--position);text-decoration:none;white-space:pre">$517.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.06pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span> 423729000 420675000 423580000 416966000 3550473000 3381932000 3549099000 3450867000 100000 24500000 25900000 420700000 512800000 417000000.0 517000000.0 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 4—LONG-TERM DEBT, NET</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Long-t</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.34pt;position:var(--position);text-decoration:none;white-space:pre">erm debt consists of:</span></div><div style="position:var(--position);top:117pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.71pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:15.75pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Credit Facility due March 20, 2029</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:154.82pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.98pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.98pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.97pt;position:var(--position);white-space:pre"> Senior Notes due December 15, 2027 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each June 15 and December 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:43.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">450,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:43.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">450,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due June 1, 2028 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.17pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.07pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each June 1 and December 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due February 15, 2029 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.04999999999998pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each February 15 and August 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">350,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">350,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due August 1, 2030 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.04999999999998pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each February 1 and August 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:117.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:117.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due October 1, 2031 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.04pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.94pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each April 1 and October 1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:142.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:142.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due September 15, 2033 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.94pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.84pt;position:var(--position);white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Senior Notes”); interest payable each March 15 and September </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">15</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:167.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">700,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:167.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">700,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.875%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Exchangeable Senior Notes due June 15, 2026 (the </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">“2026 Exchangeable Notes”); interest payable each June 15 </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">and December 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:202.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:202.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.97pt;position:var(--position);white-space:pre"> Exchangeable Senior Notes due January 15, 2030 (the </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">“2030 Exchangeable Notes”); interest payable each January 15 </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">and July 15</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:237.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:237.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:273pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total debt</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:273pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.08pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,998,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:273pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.08pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,998,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:288pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Current maturities of long-term debt</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:288pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:288pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: Unamortized original issue discount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:303pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:56.86pt"></span></span><span style="left:59.49pt;position:var(--position)">916<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:303pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.53pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">1,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:318pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Unamortized debt issuance costs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:318pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:45.6pt;position:var(--position)">23,611<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:318pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:45.6pt;position:var(--position)">24,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:333pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total long-term debt, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:333pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.52pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,550,473<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:333pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.52pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,549,099<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:473pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to springing maturity, described below.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Credit Facility</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:533pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Our wholly-owned subsidiary, Match Group Holdings II, LLC (“MG Holdings II”), is the borrower </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:545pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">under a credit agreement (as amended, the “Credit Agreement”) that provides for a revolving credit </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:557pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">facility (the “Credit Facility”).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Credit Facility has a borrowing capacity of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:306.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre">$500 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.05pt;position:var(--position);text-decoration:none;white-space:pre">. The maturity date of the Credit Facility </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">is the earlier of (x) March 20, 2029 and (y) the date that is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:333.63pt;position:var(--position);text-decoration:none;white-space:pre">91 days</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:368.64pt;position:var(--position);text-decoration:none;white-space:pre"> prior to the maturity date of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">existing senior notes due 2027, 2028, or 2029, or any new indebtedness used to refinance such senior </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">notes that matures prior to the date that is </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.2pt;position:var(--position);text-decoration:none;white-space:pre">91 days</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> after March 20, 2029, in each case if and only if at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:623pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">least </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:100.38pt;position:var(--position);text-decoration:none;white-space:pre">$250 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.72pt;position:var(--position);text-decoration:none;white-space:pre"> in aggregate principal amount of such debt is outstanding on such date. At both </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:635pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.96pt;position:var(--position);text-decoration:none;white-space:pre">, there were </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.49pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.61pt;position:var(--position);text-decoration:none;white-space:pre"> outstanding borrowings, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:434.27pt;position:var(--position);text-decoration:none;white-space:pre">$0.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.82pt;position:var(--position);text-decoration:none;white-space:pre"> in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:647pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">outstanding letters of credit, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.46pt;position:var(--position);text-decoration:none;white-space:pre">$499.4 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.13pt;position:var(--position);text-decoration:none;white-space:pre"> of availability under the Credit Facility. The annual </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">commitment fee on undrawn funds, which is based on MG Holdings II’s consolidated net leverage ratio, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:671pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.05pt;position:var(--position);text-decoration:none;white-space:pre">25</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.17pt;position:var(--position);text-decoration:none;white-space:pre"> basis points as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.37pt;position:var(--position);text-decoration:none;white-space:pre">. Borrowings under the Credit Facility bear interest, at MG </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:683pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Holdings II’s option, at a base rate or a term secured overnight financing rate plus an applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:695pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">adjustment (“Adjusted Term SOFR”), plus an applicable margin based on MG Holdings II’s consolidated </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:707pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">net leverage ratio. If MG Holdings II borrows under the Credit Facility, it will be required to maintain a </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:719pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">consolidated net leverage ratio of not more than </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:290.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.81pt;position:var(--position);text-decoration:none;white-space:pre"> to 1.0.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Credit Agreement includes covenants that would limit the ability of MG Holdings II to pay </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">dividends, make distributions, or repurchase MG Holdings II’s stock in the event MG Holdings II’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">consolidated net leverage ratio exceeds </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.4pt;position:var(--position);text-decoration:none;white-space:pre">4.25</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:274.85pt;position:var(--position);text-decoration:none;white-space:pre"> to 1.0, or if an event of default has occurred. The Credit </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Agreement includes additional covenants that limit the ability of MG Holdings II and its subsidiaries to, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:129pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">among other things, incur indebtedness, pay dividends or make distributions. Obligations under the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:141pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Credit Facility are unconditionally guaranteed by certain MG Holdings II wholly-owned domestic </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:153pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">subsidiaries and are also secured by the stock of certain MG Holdings II domestic and foreign </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:165pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">subsidiaries. Outstanding borrowings, if any, have priority over the Senior Notes to the extent of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:177pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">value of the assets securing the borrowings under the Credit Agreement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:195pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Senior Notes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:213pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:147.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on December 4, 2017. These notes may be redeemed at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:225pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">redemption prices set forth in the indenture governing the notes, together with accrued and unpaid </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:237pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:255pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.89pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on May 19, 2020. These notes may be redeemed at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:267pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">redemption prices set forth in the indenture governing the notes, together with accrued and unpaid </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:279pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:297pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.89pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on February 15, 2019. These notes may be redeemed at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:309pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">redemption prices set forth in the indenture governing the notes, together with accrued and unpaid </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:339pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.89pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on February 11, 2020. These notes may be redeemed at </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:351pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">redemption prices set forth in the indenture governing the notes, together with accrued and unpaid </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:363pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:381pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.89pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on October 4, 2021. At any time prior to October 1, 2026, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:393pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">these notes may be redeemed at a redemption price equal to the sum of the principal amount, plus </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:405pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">accrued and unpaid interest and a make-whole premium set forth in the indenture governing the notes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:417pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Thereafter, these notes may be redeemed at redemption prices set forth in the indenture governing the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:429pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">notes, together with accrued and unpaid interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:447pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.99pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.89pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes were issued on August 20, 2025. At any time prior to September 15, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:459pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2028, these notes may be redeemed at a redemption price equal to the sum of the principal amount, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">plus accrued and unpaid interest and a make-whole premium set forth in the indenture governing the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:483pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">notes. Thereafter, these notes may be redeemed at redemption prices set forth in the indenture </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:495pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">governing the notes, together with accrued and unpaid interest to the applicable redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:513pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The indenture governing the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.78pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.12pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes contains covenants that would limit MG Holdings </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:525pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">II’s ability to pay dividends or to make distributions and repurchase or redeem MG Holdings II’s stock in </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the event a default has occurred or MG Holdings II’s consolidated leverage ratio (as defined in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:549pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">indenture) exceeds </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:164.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre"> to 1.0. No such limitations were in effect at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.23pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.68pt;position:var(--position);text-decoration:none;white-space:pre">. There are additional </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:561pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">covenants in the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:152.05pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.39pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes indenture that limit the ability of MG Holdings II and its </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:573pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">subsidiaries to, among other things, (i) incur indebtedness, make investments, or sell assets in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:585pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">event MG Holdings II is not in compliance with specified financial ratios, and (ii) incur liens, enter into </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:597pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">agreements restricting their ability to pay dividends, enter into transactions with affiliates, or consolidate, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:609pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">merge or sell substantially all of their assets. The indentures governing the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.92pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.82pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:447.36pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.26pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:486.8pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:520.7pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:621pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:110.4pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.39pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> Senior Notes are less restrictive than the indenture governing the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.57pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.91pt;position:var(--position);text-decoration:none;white-space:pre"> Senior </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:633pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Notes and generally only limit MG Holdings II’s and its subsidiaries’ ability to, among other things, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:645pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">create liens on assets, or consolidate, merge, sell or otherwise dispose of all or substantially all of their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:657pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Senior Notes all rank equally in right of payment.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">During 2019, Match Group FinanceCo 2, Inc. and Match Group FinanceCo 3, Inc., direct, wholly-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">owned subsidiaries of the Company, issued </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.31pt;position:var(--position);text-decoration:none;white-space:pre">$575.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.98pt;position:var(--position);text-decoration:none;white-space:pre"> aggregate principal amount of 2026 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:123pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre">$575.0 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.63pt;position:var(--position);text-decoration:none;white-space:pre"> aggregate principal amount of 2030 Exchangeable Notes, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:135pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:153pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The 2026 and 2030 Exchangeable Notes (collectively the “Exchangeable Notes”) are guaranteed </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:165pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">by the Company but are not guaranteed by MG Holdings II or any of its subsidiaries.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:183pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents details of the exchangeable features:</span></div><div style="position:var(--position);top:201pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:82.5pt"></td></tr><tr style="height:77.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.16pt;position:var(--position);white-space:pre">Number of shares </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.61pt;position:var(--position);white-space:pre">of the Company’s </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.82pt;position:var(--position);white-space:pre">Common Stock </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">into which each </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.05pt;position:var(--position);white-space:pre">$1,000 of Principal </span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.25pt;position:var(--position);white-space:pre">of the </span></div><div style="line-height:8pt;position:var(--position);top:52.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.27pt;position:var(--position);white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:60.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.59pt;position:var(--position);white-space:pre">Notes is </span></div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.09pt;position:var(--position);white-space:pre">Exchangeable</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:63.8pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);white-space:pre">Approximate </span></div><div style="line-height:8pt;position:var(--position);top:52.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.93pt;position:var(--position);white-space:pre">Equivalent </span></div><div style="line-height:8pt;position:var(--position);top:60.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.05pt;position:var(--position);white-space:pre">Exchange Price per </span></div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:82.5pt"><div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Date</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.23pt;position:var(--position);text-decoration:none;white-space:pre">11.7634</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">85.01<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:77.25pt;width:82.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.42pt;position:var(--position);text-decoration:none;white-space:pre">March 15, 2026</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.49pt;position:var(--position);text-decoration:none;white-space:pre">12.2246</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">81.80<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:93pt;width:82.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.65pt;position:var(--position);text-decoration:none;white-space:pre">October 15, 2029</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:317.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:335.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to adjustment upon the occurrence of specified events.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:353.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">As more specifically set forth in the applicable indentures, the Exchangeable Notes are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:365.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">exchangeable under the following circumstances:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:383.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">(1) during any calendar quarter (and only during such calendar quarter), if the last reported sale </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:395.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">price of the Company's common stock for at least </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:297.78pt;position:var(--position);text-decoration:none;white-space:pre">20</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.9pt;position:var(--position);text-decoration:none;white-space:pre"> trading days (whether or not consecutive) during </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:407.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the period of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.82pt;position:var(--position);text-decoration:none;white-space:pre">30</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.94pt;position:var(--position);text-decoration:none;white-space:pre"> consecutive trading days ending on, and including, the last trading day of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:419.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">immediately preceding calendar quarter is greater than or equal to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.48pt;position:var(--position);text-decoration:none;white-space:pre">130%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.05pt;position:var(--position);text-decoration:none;white-space:pre"> of the exchange price on each </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:431.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">applicable trading day;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:449.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">(2) during the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.21pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-513">five</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.76pt;position:var(--position);text-decoration:none;white-space:pre">-business day period after any </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-514">five</span></span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:328.97pt;position:var(--position);text-decoration:none;white-space:pre">-consecutive trading day period (the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:461.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">“measurement period”) in which the trading price per $1,000 principal amount of notes for each trading </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:473.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">day of the measurement period was less than </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:280.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">98%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.93pt;position:var(--position);text-decoration:none;white-space:pre"> of the product of the last reported sale price of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:485.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company's common stock and the exchange rate on each such trading day;</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:503.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">(3) if the issuer calls the notes for redemption, at any time prior to the close of business on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:515.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">scheduled trading day immediately preceding the redemption date; or</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:533.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">(4) upon the occurrence of specified corporate events as further described in the indentures </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:545.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">governing the respective Exchangeable Notes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">On or after the respective exchangeable dates noted in the table above, until the close of business </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">on the second scheduled trading day immediately preceding the maturity date, holders may exchange </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:587.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">all or any portion of their Exchangeable Notes regardless of the foregoing conditions. Upon exchange, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:599.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the issuer, in its sole discretion, has the option to settle the Exchangeable Notes with cash, shares of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:611.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s common stock, or a combination of cash and shares of the Company's common stock. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:623.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Any shares issued in further settlement of the notes would be offset by shares received upon exercise </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:635.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of the Exchangeable Note Hedges (described below).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:653.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">There were not any 2026 or 2030 Exchangeable Notes presented for exchange during the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.57pt;position:var(--position);text-decoration:none;white-space:pre">three </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:665.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.07pt;position:var(--position);text-decoration:none;white-space:pre">. The 2030 Exchangeable Notes were not exchangeable as of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:488pt;position:var(--position);text-decoration:none;white-space:pre">March 31, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.74pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div><div><div style="font-size:12pt;line-height:11pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At both </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.87pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.09pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.88pt;position:var(--position);text-decoration:none;white-space:pre">, there was no value in excess of the principal of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">each of the 2026 and 2030 Exchangeable Notes outstanding on an if-converted basis using the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company’s stock price on </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:193.53pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:262.98pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:285.2pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.99pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:126pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Additionally, all or any portion of the 2026 Exchangeable Notes may be redeemed for cash, at the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">issuer’s option, at any time, and for the 2030 Exchangeable Notes on or after July 20, 2026, if the last </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:150pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">reported sale price of the Company’s common stock has been at least </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:388.5pt;position:var(--position);text-decoration:none;white-space:pre">130%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.07pt;position:var(--position);text-decoration:none;white-space:pre"> of the exchange price then </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:162pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">in effect for at least </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">20</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.6pt;position:var(--position);text-decoration:none;white-space:pre"> trading days (whether or not consecutive), including at least </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.44pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:460.12pt;position:var(--position);text-decoration:none;white-space:pre"> of the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:490.65pt;position:var(--position);text-decoration:none;white-space:pre">five</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.2pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:174pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">trading days immediately preceding the date on which the notice of redemption is provided, during any </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:186pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">30</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.62pt;position:var(--position);text-decoration:none;white-space:pre"> consecutive trading day period ending on, and including, the trading day immediately preceding the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:198pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">date on which the applicable issuer provides notice of redemption, at a redemption price equal to </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.46pt;position:var(--position);text-decoration:none;white-space:pre">100%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:532.03pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:210pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">of the principal amount to be redeemed, plus accrued and unpaid interest to, but excluding, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:222pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">redemption date.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:240pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth the components of the outstanding Exchangeable Notes as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.96pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:270pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:123pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:123pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.53pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:46.5pt;width:249pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:249pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:96.99pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Unamortized debt issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">125<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">4,264<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">274<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">4,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:210pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value included in current </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:210pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">maturities of long-term debt, net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,729<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,580<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net carrying value included in long-term debt, </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">570,736<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">570,469<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:427.25pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth interest expense recognized related to the Exchangeable Notes:</span></div><div style="position:var(--position);top:451.25pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:123pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:4.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:12.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:123pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:4.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:12.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:54.75pt;width:249pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:249pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:96.99pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Contractual interest expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.05pt"></span></span><span style="left:39.24pt;position:var(--position)">927<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">2,875<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,258<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">2,875<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Amortization of debt issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">149<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">267<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">395<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">261<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense recognized</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,076<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">3,142<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,653<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">3,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:580pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The effective interest rates for the 2026 and 2030 Exchangeable Notes are </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.11pt;position:var(--position);text-decoration:none;white-space:pre">1.2%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.89pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:477.11pt;position:var(--position);text-decoration:none;white-space:pre">2.2%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.89pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:592pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:616pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes Hedges and Warrants</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:634pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In connection with the Exchangeable Notes offerings, the Company purchased call options </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:646pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">allowing the Company to purchase initially (subject to adjustment upon the occurrence of specified </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:658pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">events) the same number of shares that would be issuable upon the exchange of the applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:670pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Notes at the prices per share set forth below (the “Exchangeable Notes Hedge”), and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:682pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">sold warrants allowing the counterparty to purchase (subject to adjustment upon the occurrence of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:694pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">specified events) shares at the per share prices set forth below (the “Exchangeable Notes Warrants”).</span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:81pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The Exchangeable Notes Hedges are expected to reduce the potential dilutive effect on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:93pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Company’s common stock upon any exchange of Exchangeable Notes and/or offset any cash payment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Match Group FinanceCo 2, Inc. or Match Group FinanceCo 3, Inc. is required to make in excess of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:117pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">principal amount of the exchanged notes. The Exchangeable Notes Warrants have a dilutive effect on </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:129pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company’s common stock to the extent that the market price per share of the Company common </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:141pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">stock exceeds their respective strike prices.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:159pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.6pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.05pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:189pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:38.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.15pt;position:var(--position);white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:29.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.63pt;position:var(--position);white-space:pre">Shares</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.269999999999996pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);white-space:pre">Approximate </span></div><div style="line-height:8pt;position:var(--position);top:13.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.93pt;position:var(--position);white-space:pre">Equivalent </span></div><div style="line-height:8pt;position:var(--position);top:21.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.05pt;position:var(--position);white-space:pre">Exchange Price per </span></div><div style="line-height:8pt;position:var(--position);top:29.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:41.25pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.9pt;position:var(--position);text-decoration:none;white-space:pre">(Shares in millions)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes Hedge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">85.01<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes Hedge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:69.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:69.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">81.80<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:282.5pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.15pt;position:var(--position);white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.63pt;position:var(--position);white-space:pre">Shares</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.269999999999996pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.28pt;position:var(--position);white-space:pre">Weighted Average </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.82pt;position:var(--position);white-space:pre">Strike Price per </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:32.25pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.9pt;position:var(--position);text-decoration:none;white-space:pre">(Shares in millions)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes Warrants</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:45pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:45pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:45.6pt;position:var(--position)">130.90<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes Warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:60.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:60.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:45.6pt;position:var(--position)">130.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:367pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:385pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to adjustment upon the occurrence of specified events.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Long-t</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.34pt;position:var(--position);text-decoration:none;white-space:pre">erm debt consists of:</span><div style="position:var(--position);top:117pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.71pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:15.75pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:54.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Credit Facility due March 20, 2029</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:154.82pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.98pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:28.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:57.98pt"></span></span><span style="left:66.17pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.97pt;position:var(--position);white-space:pre"> Senior Notes due December 15, 2027 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre">5.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each June 15 and December 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:43.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">450,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:43.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">450,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due June 1, 2028 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:203.17pt;position:var(--position);text-decoration:none;white-space:pre">4.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:237.07pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each June 1 and December 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:68.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due February 15, 2029 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.04999999999998pt;position:var(--position);text-decoration:none;white-space:pre">5.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each February 15 and August 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">350,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">350,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due August 1, 2030 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.04999999999998pt;position:var(--position);text-decoration:none;white-space:pre">4.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.95pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each February 1 and August 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:117.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:117.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:142.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due October 1, 2031 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:217.04pt;position:var(--position);text-decoration:none;white-space:pre">3.625%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:250.94pt;position:var(--position);white-space:pre"> Senior </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Notes”); interest payable each April 1 and October 1</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:142.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:142.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">500,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Senior Notes due September 15, 2033 (the “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.94pt;position:var(--position);text-decoration:none;white-space:pre">6.125%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:269.84pt;position:var(--position);white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">Senior Notes”); interest payable each March 15 and September </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">15</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:167.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">700,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:167.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">700,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">0.875%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:36.53pt;position:var(--position);white-space:pre"> Exchangeable Senior Notes due June 15, 2026 (the </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">“2026 Exchangeable Notes”); interest payable each June 15 </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">and December 15</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:202.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:202.5pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:35.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:295.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2.00%</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:30.97pt;position:var(--position);white-space:pre"> Exchangeable Senior Notes due January 15, 2030 (the </span></div><div style="line-height:10pt;position:var(--position);top:14.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">“2030 Exchangeable Notes”); interest payable each January 15 </span></div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">and July 15</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:237.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:237.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:24.37pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:273pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total debt</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:273pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.08pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,998,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:273pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:29.08pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,998,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:288pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Current maturities of long-term debt</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:288pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:288pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:40.04pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Less: Unamortized original issue discount</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:303pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:56.86pt"></span></span><span style="left:59.49pt;position:var(--position)">916<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:303pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:48.53pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">1,043<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:318pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Unamortized debt issuance costs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:318pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:45.6pt;position:var(--position)">23,611<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:318pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:45.6pt;position:var(--position)">24,858<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:333pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total long-term debt, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:333pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.52pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,550,473<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:333pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:23.52pt"></span></span><span style="left:31.709999999999997pt;position:var(--position)">3,549,099<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:473pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:491pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to springing maturity, described below.</span></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents details of the exchangeable features:</span><div style="position:var(--position);top:201pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:82.5pt"></td></tr><tr style="height:77.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.16pt;position:var(--position);white-space:pre">Number of shares </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:6.61pt;position:var(--position);white-space:pre">of the Company’s </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.82pt;position:var(--position);white-space:pre">Common Stock </span></div><div style="line-height:8pt;position:var(--position);top:28.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.16pt;position:var(--position);white-space:pre">into which each </span></div><div style="line-height:8pt;position:var(--position);top:36.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.05pt;position:var(--position);white-space:pre">$1,000 of Principal </span></div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.25pt;position:var(--position);white-space:pre">of the </span></div><div style="line-height:8pt;position:var(--position);top:52.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.27pt;position:var(--position);white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:60.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.59pt;position:var(--position);white-space:pre">Notes is </span></div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.09pt;position:var(--position);white-space:pre">Exchangeable</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:63.8pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:44.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);white-space:pre">Approximate </span></div><div style="line-height:8pt;position:var(--position);top:52.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.93pt;position:var(--position);white-space:pre">Equivalent </span></div><div style="line-height:8pt;position:var(--position);top:60.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.05pt;position:var(--position);white-space:pre">Exchange Price per </span></div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:82.5pt"><div><div style="line-height:8pt;position:var(--position);top:68.25pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable Date</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:42.23pt;position:var(--position);text-decoration:none;white-space:pre">11.7634</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:77.25pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">85.01<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:77.25pt;width:82.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:10.42pt;position:var(--position);text-decoration:none;white-space:pre">March 15, 2026</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.49pt;position:var(--position);text-decoration:none;white-space:pre">12.2246</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:93pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">81.80<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:93pt;width:82.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:82.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.65pt;position:var(--position);text-decoration:none;white-space:pre">October 15, 2029</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:317.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:335.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to adjustment upon the occurrence of specified events.</span></div> 0 0 0.0500 0.0500 450000000 450000000 0.04625 0.04625 500000000 500000000 0.05625 0.05625 350000000 350000000 0.04125 0.04125 500000000 500000000 0.03625 0.03625 500000000 500000000 0.06125 0.06125 700000000 700000000 0.00875 423854000 423854000 0.0200 575000000 575000000 3998854000 3998854000 423854000 423854000 916000 1043000 23611000 24858000 3550473000 3549099000 500000000 P91D P91D 250000000 0 0 600000 600000 499400000 499400000 0.0025 5.0 4.25 0.0500 0.04625 0.05625 0.04125 0.03625 0.06125 0.0500 5.0 0.0500 0.03625 0.04125 0.04625 0.05625 0.06125 0.0500 575000000.0 575000000.0 11.7634 85.01 12.2246 81.80 20 30 1.30 0.98 1.30 20 1 5 30 1 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth the components of the outstanding Exchangeable Notes as of </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.96pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:270pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:123pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:123pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.53pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:14.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:46.5pt;width:249pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:249pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:96.99pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Principal</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,854<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:60.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">575,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: Unamortized debt issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">125<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">4,264<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">274<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:28.28pt"></span></span><span style="left:30.91pt;position:var(--position)">4,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:210pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Net carrying value included in current </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:210pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">maturities of long-term debt, net</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,729<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">423,580<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:90.75pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net carrying value included in long-term debt, </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">570,736<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.73pt"></span></span><span style="left:45.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:115.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:11.6pt"></span></span><span style="left:19.79pt;position:var(--position)">570,469<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present details of the Exchangeable Notes Hedges and Warrants outstanding </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">at </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.6pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.05pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:189pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:38.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:21.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.15pt;position:var(--position);white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:29.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.63pt;position:var(--position);white-space:pre">Shares</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.269999999999996pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.71pt;position:var(--position);white-space:pre">Approximate </span></div><div style="line-height:8pt;position:var(--position);top:13.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.93pt;position:var(--position);white-space:pre">Equivalent </span></div><div style="line-height:8pt;position:var(--position);top:21.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.05pt;position:var(--position);white-space:pre">Exchange Price per </span></div><div style="line-height:8pt;position:var(--position);top:29.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:41.25pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.9pt;position:var(--position);text-decoration:none;white-space:pre">(Shares in millions)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes Hedge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:54pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">85.01<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes Hedge</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:69.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:69.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:42.97pt"></span></span><span style="left:51.160000000000004pt;position:var(--position)">81.80<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:282.5pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:295.5pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:29.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.15pt;position:var(--position);white-space:pre">Number of </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.63pt;position:var(--position);white-space:pre">Shares</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:50.269999999999996pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.28pt;position:var(--position);white-space:pre">Weighted Average </span></div><div style="line-height:8pt;position:var(--position);top:12.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.82pt;position:var(--position);white-space:pre">Strike Price per </span></div><div style="line-height:8pt;position:var(--position);top:20.25pt;width:80.25pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:25.85pt;position:var(--position);white-space:pre">Share</span><span style="font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:48.05pt;position:var(--position);top:-2.037pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:32.25pt;width:163.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:163.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:44.9pt;position:var(--position);text-decoration:none;white-space:pre">(Shares in millions)</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026 Exchangeable Notes Warrants</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:45pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">5.0</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:45pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:45.6pt;position:var(--position)">130.90<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:295.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:295.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2030 Exchangeable Notes Warrants</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:295.5pt;position:var(--position);top:60.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:63.73pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:378.75pt;position:var(--position);top:60.75pt;width:80.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:80.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:37.41pt"></span></span><span style="left:45.6pt;position:var(--position)">130.95<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:367pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:385pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.548pt;vertical-align:super;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Subject to adjustment upon the occurrence of specified events.</span></div> 423854000 575000000 423854000 575000000 125000 4264000 274000 4531000 423729000 0 423580000 0 0 570736000 0 570469000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table sets forth interest expense recognized related to the Exchangeable Notes:</span><div style="position:var(--position);top:451.25pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:123pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:4.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:12.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:123pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:4.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended</span></div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:12.75pt;width:123pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.08pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:30pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2026 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:21.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:5pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.12pt;position:var(--position);text-decoration:none;white-space:pre">2030 </span></div><div style="line-height:8pt;position:var(--position);top:13pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.14pt;position:var(--position);text-decoration:none;white-space:pre">Exchangeable </span></div><div style="line-height:8pt;position:var(--position);top:21pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.9pt;position:var(--position);text-decoration:none;white-space:pre">Notes</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:54.75pt;width:249pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:249pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:96.99pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Contractual interest expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:31.05pt"></span></span><span style="left:39.24pt;position:var(--position)">927<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">2,875<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,258<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:67.5pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">2,875<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Amortization of debt issuance costs</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">149<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">267<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">395<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:83.25pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:36.61pt"></span></span><span style="left:39.24pt;position:var(--position)">261<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:210pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:210pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Total interest expense recognized</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,076<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:273pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">3,142<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">1,653<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399pt;position:var(--position);top:99pt;width:60pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:60pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:22.72pt"></span></span><span style="left:30.91pt;position:var(--position)">3,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 927000 2875000 1258000 2875000 149000 267000 395000 261000 1076000 3142000 1653000 3136000 0.012 0.022 5000000.0 85.01 7000000.0 81.80 5000000.0 130.90 7000000.0 130.95 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 5—ACCUMULATED OTHER COMPREHENSIVE LOSS</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:424pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.32pt;position:var(--position);text-decoration:none;white-space:pre">llowing table presents the components of accumulated other comprehensive loss. For both </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:436pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.16pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.28pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.74pt;position:var(--position);text-decoration:none;white-space:pre">, the Company’s accumulated other comprehensive </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:448pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">loss relates to foreign currency translation adjustments.</span></div><div style="position:var(--position);top:466pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:303pt"></td><td style="padding:0;width:76.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:76.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);width:156pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:12.75pt;width:76.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:76.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:30pt;width:156pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at January 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:42pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(422,620)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:42pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(449,611)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:303pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Other comprehensive (loss) income before reclassifications</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:57pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.89pt"></span></span><span style="left:38.52pt;position:var(--position)">(11,525)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:57pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.22pt"></span></span><span style="left:41.85pt;position:var(--position)">11,346<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Amounts reclassified into income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:72pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:64.23pt"></span></span><span style="left:66.86pt;position:var(--position)">4<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:72pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.11pt"></span></span><span style="left:55.74pt;position:var(--position)">791<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:303pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Net period other comprehensive (loss) income </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:87pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.89pt"></span></span><span style="left:38.52pt;position:var(--position)">(11,521)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:87pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.22pt"></span></span><span style="left:41.85pt;position:var(--position)">12,137<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at March 31</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:102pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(434,141)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:102pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(437,474)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:594pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">At both </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.87pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.09pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.33pt;position:var(--position);text-decoration:none;white-space:pre">, there was </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.97pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> tax benefit or provision on the accumulated other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:606pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">comprehensive loss.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.32pt;position:var(--position);text-decoration:none;white-space:pre">llowing table presents the components of accumulated other comprehensive loss. For both </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:436pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:93.16pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.28pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.5pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:298.74pt;position:var(--position);text-decoration:none;white-space:pre">, the Company’s accumulated other comprehensive </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:448pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">loss relates to foreign currency translation adjustments.</span></div><div style="position:var(--position);top:466pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:303pt"></td><td style="padding:0;width:76.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:76.5pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);width:156pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.96pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:12.75pt;width:76.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.37pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:12.75pt;width:76.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.37pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:30pt;width:156pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:156pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at January 1</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:42pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(422,620)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:42pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(449,611)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:303pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Other comprehensive (loss) income before reclassifications</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:57pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.89pt"></span></span><span style="left:38.52pt;position:var(--position)">(11,525)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:57pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.22pt"></span></span><span style="left:41.85pt;position:var(--position)">11,346<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Amounts reclassified into income</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:72pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:64.23pt"></span></span><span style="left:66.86pt;position:var(--position)">4<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:72pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.11pt"></span></span><span style="left:55.74pt;position:var(--position)">791<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:303pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:3.38pt;position:var(--position);text-decoration:none;white-space:pre">Net period other comprehensive (loss) income </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:87pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:35.89pt"></span></span><span style="left:38.52pt;position:var(--position)">(11,521)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:87pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:39.22pt"></span></span><span style="left:41.85pt;position:var(--position)">12,137<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:303pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:303pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance at March 31</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:303pt;position:var(--position);top:102pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(434,141)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:382.5pt;position:var(--position);top:102pt;width:76.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:76.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:24.77pt"></span></span><span style="left:32.96pt;position:var(--position)">(437,474)</span></span></div></div></div></td></tr></tbody></table></div></div></div> -422620000 -449611000 -11525000 11346000 -4000 -791000 -11521000 12137000 -434141000 -437474000 0 0 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 6—EARNINGS PER SHARE</span><div style="font-size:12pt;line-height:11pt;position:var(--position);top:99pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.32pt;position:var(--position);text-decoration:none;white-space:pre">llowing table sets forth the computation of the basic and diluted earnings per share </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">attributable to Match Group shareholders:</span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:258pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:41.46pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:39.75pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.71pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands, except per share data)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Numerator</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:258pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,845<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,845<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to noncontrolling interests</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(1)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impact from subsidiaries’ dilutive securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(4)</span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive impact of Exchangeable Notes, net of income </span></div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">tax</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:24.96pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">2,919<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">3,173<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:258pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to Match Group, Inc. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">shareholders</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">169,756<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,570<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">120,739<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:194.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average basic shares outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive securities</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:80.39pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)(c)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">6,037<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">7,341<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:224.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive shares from Exchangeable Notes, if-converted</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:243.71pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:10.72pt"></span></span><span style="left:13.350000000000001pt;position:var(--position)">11,999<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:10.72pt"></span></span><span style="left:13.350000000000001pt;position:var(--position)">13,457<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:240pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Denominator for earnings per share—weighted average </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">shares</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:41.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)(c)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,477<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">271,928<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:279.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Earnings per share:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:294pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Earnings per share attributable to Match Group, Inc. </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">shareholders</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.71<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.68<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.47<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.44<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:458.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">The Company uses the if-converted method for calculating the dilutive impact of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:488.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">outstanding Exchangeable Notes. For both the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.37pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.49pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.71pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.95pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:500.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company adjusted net income attributable to Match Group, Inc. shareholders for the cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:512.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">interest expense, net of income taxes, incurred on the 2026 and 2030 Exchangeable Notes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:524.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Dilutive shares were also included for the same series of Exchangeable Notes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:542.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">If the effect is dilutive, weighted average common shares outstanding includes the incremental </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:554.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">shares that would be issued upon the assumed exercise of stock options, warrants, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:566.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">subsidiary denominated equity and vesting of restricted stock units. For the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.32pt;position:var(--position);text-decoration:none;white-space:pre">three months ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:578.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.95pt;position:var(--position);text-decoration:none;white-space:pre">22.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.5pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.72pt;position:var(--position);text-decoration:none;white-space:pre">25.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.27pt;position:var(--position);text-decoration:none;white-space:pre"> potentially dilutive securities, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:590.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively, are excluded from the calculation of diluted earnings per share because their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:602.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">inclusion would have been anti-dilutive.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:620.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(c)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Market-based awards and performance-based restricted stock units (“PSUs”) are considered </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:632.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">contingently issuable shares. Shares issuable upon exercise or vesting of market-based </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:644.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">awards and PSUs are included in the denominator for earnings per share if (i) the applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:656.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">market or performance condition(s) has been met and (ii) the inclusion of the market-based </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">awards and PSUs is dilutive for the respective reporting periods. For the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.52pt;position:var(--position);text-decoration:none;white-space:pre">three months ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.95pt;position:var(--position);text-decoration:none;white-space:pre">2.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.94pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre">3.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.15pt;position:var(--position);text-decoration:none;white-space:pre"> market-based awards and PSUs, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:692.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively, were excluded from the calculation of diluted earnings per share because the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:704.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">market or performance conditions had not been met.</span></div> <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The fo</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.32pt;position:var(--position);text-decoration:none;white-space:pre">llowing table sets forth the computation of the basic and diluted earnings per share </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:111pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">attributable to Match Group shareholders:</span></div><div style="position:var(--position);top:129pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:258pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:48pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:41.46pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:99pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:40.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:24.75pt;width:48pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:10.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:39.75pt;width:201pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:201pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.71pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands, except per share data)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Numerator</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:258pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,845<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,845<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:66.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,571<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to noncontrolling interests</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(8)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:81.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(1)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impact from subsidiaries’ dilutive securities</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:96.75pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.4pt"></span></span><span style="left:35.03pt;position:var(--position)">(4)</span></span></div></div></div></td></tr><tr style="height:27pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive impact of Exchangeable Notes, net of income </span></div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">tax</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:24.96pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">2,919<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:112.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:16.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">3,173<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:258pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Net income attributable to Match Group, Inc. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">shareholders</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">166,837<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">169,756<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">117,570<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:139.5pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$</span><span style="left:8.19pt;position:var(--position)">120,739<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:194.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average basic shares outstanding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:194.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:209.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive securities</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:80.39pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)(c)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">6,037<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:209.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:18.91pt;position:var(--position)">7,341<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:224.25pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Dilutive shares from Exchangeable Notes, if-converted</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:243.71pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:10.72pt"></span></span><span style="left:13.350000000000001pt;position:var(--position)">11,999<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:31.29pt"></span></span><span style="left:33.92pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:224.25pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:10.72pt"></span></span><span style="left:13.350000000000001pt;position:var(--position)">13,457<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:240pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Denominator for earnings per share—weighted average </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">shares</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:41.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)(c)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">233,441<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,477<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">251,130<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:240pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:5.16pt"></span></span><span style="left:7.79pt;position:var(--position)">271,928<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:3pt double #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:279.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.37pt;width:258pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Earnings per share:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:24.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:294pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Earnings per share attributable to Match Group, Inc. </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:258pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">shareholders</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.71<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:309pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.68<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.47<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:411pt;position:var(--position);top:294pt;width:48pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:48pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.28pt"></span></span><span style="left:24.47pt;position:var(--position)">0.44<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:458.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">The Company uses the if-converted method for calculating the dilutive impact of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:488.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">outstanding Exchangeable Notes. For both the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.37pt;position:var(--position);text-decoration:none;white-space:pre">three months ended March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:482.49pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.71pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.95pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:500.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company adjusted net income attributable to Match Group, Inc. shareholders for the cash </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:512.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">interest expense, net of income taxes, incurred on the 2026 and 2030 Exchangeable Notes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:524.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Dilutive shares were also included for the same series of Exchangeable Notes. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:542.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">If the effect is dilutive, weighted average common shares outstanding includes the incremental </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:554.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">shares that would be issued upon the assumed exercise of stock options, warrants, and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:566.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">subsidiary denominated equity and vesting of restricted stock units. For the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.32pt;position:var(--position);text-decoration:none;white-space:pre">three months ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:578.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.95pt;position:var(--position);text-decoration:none;white-space:pre">22.6 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.5pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:304.72pt;position:var(--position);text-decoration:none;white-space:pre">25.1 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:355.27pt;position:var(--position);text-decoration:none;white-space:pre"> potentially dilutive securities, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:590.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively, are excluded from the calculation of diluted earnings per share because their </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:602.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">inclusion would have been anti-dilutive.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:620.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(c)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Market-based awards and performance-based restricted stock units (“PSUs”) are considered </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:632.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">contingently issuable shares. Shares issuable upon exercise or vesting of market-based </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:644.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">awards and PSUs are included in the denominator for earnings per share if (i) the applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:656.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">market or performance condition(s) has been met and (ii) the inclusion of the market-based </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">awards and PSUs is dilutive for the respective reporting periods. For the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:433.52pt;position:var(--position);text-decoration:none;white-space:pre">three months ended </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">March 31, 2026</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.95pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:204.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.95pt;position:var(--position);text-decoration:none;white-space:pre">2.5 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.94pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre">3.8 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:344.15pt;position:var(--position);text-decoration:none;white-space:pre"> market-based awards and PSUs, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:692.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">respectively, were excluded from the calculation of diluted earnings per share because the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:704.75pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">market or performance conditions had not been met.</span></div> 166845000 166845000 117571000 117571000 8000 8000 1000 1000 0 -4000 2919000 3173000 166837000 169756000 117570000 120739000 233441000 233441000 251130000 251130000 6037000 7341000 11999000 13457000 233441000 251477000 251130000 271928000 0.71 0.68 0.47 0.44 22600000 25100000 2500000 3800000 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 7—SEGMENT INFORMATION</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:105pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Our chief operating decision maker (“CODM”), who is our Chief Executive Officer, analyzes the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:116.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">results of our business through </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.93pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:233.15pt;position:var(--position);text-decoration:none;white-space:pre"> operating segments consisting of brands or groups of brands within </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:127.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">our portfolio: Tinder, Hinge, Evergreen &amp; Emerging, and MG Asia. These </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:399pt;position:var(--position);text-decoration:none;white-space:pre">four</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:416.22pt;position:var(--position);text-decoration:none;white-space:pre"> operating segments are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:138.6pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">also our reportable segments. Our CODM primarily evaluates the operating results and performance of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:149.8pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">our segments through revenue, operating income, and Adjusted EBITDA. These financial metrics are </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:161pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">used to view operating trends, perform analytical comparisons, compare performance between periods, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:172.2pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">and evaluate variances to forecast on a monthly basis.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:192.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents revenue by segment, which includes revenue from customers in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">form of direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">revenue, which is eliminated in consolidated results:</span></div><div style="position:var(--position);top:237.4pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">468,638<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">463,416<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">194,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">152,243<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">142,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">152,429<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">59,801<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">63,823<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Eliminations</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,677)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.53pt"></span></span><span style="left:41.160000000000004pt;position:var(--position)">(733)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">863,934<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">831,178<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:413.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the segment profitability measures, operating income (loss) and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Adjusted EBITDA, and a reconciliation of the total segment profitability measures to income before </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:437.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income taxes:</span></div><div style="position:var(--position);top:458.4pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating income (loss):</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">215,924<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">193,348<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">56,112<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,625<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">21,496<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(17,595)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,447<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total segment operating income</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">275,937<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">232,098<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Corporate and unallocated costs</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:146.53pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(39,521)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(59,505)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(42,525)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(35,256)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other income, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,640<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">2,616<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before income taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">200,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">139,953<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.65pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:693.65pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Includes stock-based compensation and depreciation related to corporate.</span></div><div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adjusted EBITDA:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">237,052<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">228,468<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">70,517<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">42,575<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">39,418<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">21,070<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">18,980<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total segment Adjusted EBITDA</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">368,057<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">318,698<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Corporate and unallocated costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(25,175)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(43,504)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(58,567)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(70,394)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(14,132)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(21,729)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Impairment and amortization of intangibles</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(33,767)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(10,478)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(42,525)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(35,256)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other income, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,640<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">2,616<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before income taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">200,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">139,953<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:351.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Corporate and unallocated costs includes 1) corporate expenses (such as executive management, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:363.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">investor relations, corporate development, and board of director and public company listing fees), 2) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:375.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">portions of corporate services (such as legal, human resources, accounting, and tax), and 3) certain </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:387.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">centrally managed services and technology that have not been allocated to the individual business </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:399.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">segments (such as central trust and safety operations and certain shared software).</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:417.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">Our CODM does not review disaggregated assets on a segment basis; therefore, such information </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:429.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">is not presented. Interest income and other income, net are not allocated to individual segments as </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:441.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">these are managed on a consolidated basis. The accounting policies for segment reporting are the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:453.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">same as for our consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471.5pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the significant segment expenses regularly reviewed by our CODM:</span></div><div style="position:var(--position);top:489.5pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:171pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:288pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.78pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.34pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; </span></div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.45pt;position:var(--position);text-decoration:none;white-space:pre">Emerging</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.89pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:39pt;width:288pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:116.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">In-app purchase fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">88,769<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">35,500<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">10,857<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">12,572<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of acquisition</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">57,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,968<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">46,065<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">10,687<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,746<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">9,761<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,505<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,604<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:5.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation expense, </span></div><div style="line-height:10pt;position:var(--position);top:15.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">excluding stock-based </span></div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">45,429<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">28,666<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">8,732<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other operating expenses</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:117.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">14,642<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,601<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">11,164<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:123.19999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">19,576<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">12,682<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,685<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">5,367<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Depreciation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:58.75pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,552<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,723<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,573<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,195<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impairment and amortization of </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:86.08pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,664<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">30,103<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:171pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:288pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.78pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.34pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; </span></div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.45pt;position:var(--position);text-decoration:none;white-space:pre">Emerging</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.89pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:39pt;width:288pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:116.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">In-app purchase fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">95,243<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">41,667<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">17,749<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">14,422<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of acquisition</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">45,617<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">53,257<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">15,541<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">30,384<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,946<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,816<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,868<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:5.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation expense, </span></div><div style="line-height:10pt;position:var(--position);top:15.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">excluding stock-based </span></div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">51,895<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">31,746<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,141<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">8,660<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other operating expenses</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:117.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">11,809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">5,783<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">10,791<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,352<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:123.19999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,315<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">13,232<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">12,227<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,834<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Depreciation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:58.75pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">9,805<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:46.36pt"></span></span><span style="left:48.99pt;position:var(--position)">718<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,317<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,674<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortization of intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:146.49pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,453<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,025<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:281pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:299pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Other operating expenses primarily consists of office rent, business software, travel, indirect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">taxes, and professional fees.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:329pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Expense is a non-cash item and excluded from the profitability measure of Adjusted EBITDA.</span></div> 4 4 4 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following table presents revenue by segment, which includes revenue from customers in the </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:204.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">form of direct revenue, indirect revenue, which is primarily advertising revenue, and intersegment </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:216.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">revenue, which is eliminated in consolidated results:</span></div><div style="position:var(--position);top:237.4pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">468,638<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">463,416<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">194,497<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">152,243<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">142,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">152,429<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">59,801<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">63,823<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Eliminations</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:30.2pt"></span></span><span style="left:32.83pt;position:var(--position)">(1,677)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.53pt"></span></span><span style="left:41.160000000000004pt;position:var(--position)">(733)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">863,934<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">831,178<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the significant segment expenses regularly reviewed by our CODM:</span><div style="position:var(--position);top:489.5pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:171pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:288pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31, 2026</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.78pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.34pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; </span></div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.45pt;position:var(--position);text-decoration:none;white-space:pre">Emerging</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.89pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:39pt;width:288pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:116.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">In-app purchase fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">88,769<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">35,500<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">10,857<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">12,572<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of acquisition</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">57,000<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,968<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">46,065<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">10,687<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,746<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">9,761<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,505<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,604<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:5.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation expense, </span></div><div style="line-height:10pt;position:var(--position);top:15.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">excluding stock-based </span></div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">45,429<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,150<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">28,666<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">8,732<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other operating expenses</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:117.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">14,642<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,601<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">11,164<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,136<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:123.19999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">19,576<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">12,682<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,685<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">5,367<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Depreciation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:58.75pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,552<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,723<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,573<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,195<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:24.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:3.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Impairment and amortization of </span></div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);white-space:pre">intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:86.08pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,664<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:13.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">30,103<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:171pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);width:288pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:74.97pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31, 2025</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.67pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.78pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.34pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; </span></div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.45pt;position:var(--position);text-decoration:none;white-space:pre">Emerging</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:14.25pt;width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:12.75pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:18.89pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:39pt;width:288pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:288pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:116.49pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">In-app purchase fees</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">95,243<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">41,667<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">17,749<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:53.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:26.91pt"></span></span><span style="left:35.1pt;position:var(--position)">14,422<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cost of acquisition</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">45,617<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,526<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">53,257<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:68.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">15,541<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Variable expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">30,384<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,946<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,816<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,868<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:5.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Employee compensation expense, </span></div><div style="line-height:10pt;position:var(--position);top:15.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">excluding stock-based </span></div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:171pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">51,895<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">31,746<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">35,141<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:98.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:25.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">8,660<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:134.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Other operating expenses</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:117.64pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">11,809<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">5,783<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">10,791<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:134.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">1,352<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:149.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Stock-based compensation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:123.19999999999999pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">25,315<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">13,232<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:32.47pt"></span></span><span style="left:35.1pt;position:var(--position)">12,227<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:149.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">4,834<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Depreciation</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:58.75pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">9,805<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:46.36pt"></span></span><span style="left:48.99pt;position:var(--position)">718<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">6,317<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:164.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.12pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,674<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:171pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:171pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Amortization of intangible assets</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:146.49pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(b)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:171pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:243.75pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:53.04pt"></span></span><span style="left:55.67pt;position:var(--position)">—<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:316.5pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">3,453<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:179.25pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:69.75pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:38.03pt"></span></span><span style="left:40.660000000000004pt;position:var(--position)">7,025<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:281pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:299pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Other operating expenses primarily consists of office rent, business software, travel, indirect </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:311pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">taxes, and professional fees.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:329pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(b)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Expense is a non-cash item and excluded from the profitability measure of Adjusted EBITDA.</span></div> 468638000 463416000 194497000 152243000 142675000 152429000 59801000 63823000 -1677000 -733000 863934000 831178000 <span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">The following tables present the segment profitability measures, operating income (loss) and </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:425.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Adjusted EBITDA, and a reconciliation of the total segment profitability measures to income before </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:437.4pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">income taxes:</span></div><div style="position:var(--position);top:458.4pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating income (loss):</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">215,924<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">193,348<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">56,112<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,625<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">21,496<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,678<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(17,595)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">3,447<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total segment operating income</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">275,937<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">232,098<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">Corporate and unallocated costs</span><span style="font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:146.53pt;position:var(--position);top:-2.548pt;vertical-align:super;white-space:pre">(a)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(39,521)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(59,505)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(42,525)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(35,256)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other income, net</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,640<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">2,616<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before income taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">200,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">139,953<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:675.65pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">______________________</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:693.65pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre">(a)</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.5pt;position:var(--position);text-decoration:none;white-space:pre">Includes stock-based compensation and depreciation related to corporate.</span></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:76.5pt;position:var(--position);width:459pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:325.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:7.71pt;position:var(--position);text-decoration:none;white-space:pre">Three Months Ended March 31,</span></div></div></div></td></tr><tr style="height:15.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:15.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:6.75pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.74pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:3pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:34.5pt;width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:5.25pt;width:133.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.24pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td colspan="3" style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adjusted EBITDA:</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Tinder</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">237,052<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:64.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">228,468<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Hinge</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">70,517<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:80.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">42,575<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Evergreen &amp; Emerging</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">39,418<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:96pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">28,675<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">MG Asia</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">21,070<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:111.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:27.97pt"></span></span><span style="left:30.599999999999998pt;position:var(--position)">18,980<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total segment Adjusted EBITDA</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">368,057<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:127.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:22.41pt"></span></span><span style="left:25.04pt;position:var(--position)">318,698<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Corporate and unallocated costs</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(25,175)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:143.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(43,504)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(58,567)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:159pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(70,394)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174.75pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(14,132)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:174.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(21,729)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Impairment and amortization of intangibles</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(33,767)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:190.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(10,478)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:325.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(42,525)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:206.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:24.64pt"></span></span><span style="left:27.27pt;position:var(--position)">(35,256)</span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other income, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">6,640<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:7.28pt;width:33.53pt"></span></span><span style="left:36.160000000000004pt;position:var(--position)">2,616<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15.75pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:325.5pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.87pt;width:325.5pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Income before income taxes</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:325.5pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">200,531<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:393.75pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.87pt;width:65.25pt"><span style="color:#000000;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:7.28pt;width:16.85pt"></span></span><span style="left:25.04pt;position:var(--position)">139,953<span style="display:inline-block;height:7.28pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 215924000 193348000 56112000 28625000 21496000 6678000 -17595000 3447000 275937000 232098000 -39521000 -59505000 42525000 35256000 6640000 2616000 200531000 139953000 237052000 228468000 70517000 42575000 39418000 28675000 21070000 18980000 368057000 318698000 -25175000 -43504000 58567000 70394000 14132000 21729000 33767000 10478000 42525000 35256000 6640000 2616000 200531000 139953000 88769000 35500000 10857000 12572000 57000000 35968000 46065000 10687000 25746000 9761000 6505000 3604000 45429000 35150000 28666000 8732000 14642000 7601000 11164000 3136000 19576000 12682000 7685000 5367000 1552000 1723000 6573000 3195000 0 0 3664000 30103000 95243000 41667000 17749000 14422000 45617000 25526000 53257000 15541000 30384000 4946000 6816000 4868000 51895000 31746000 35141000 8660000 11809000 5783000 10791000 1352000 25315000 13232000 12227000 4834000 9805000 718000 6317000 3674000 0 0 3453000 7025000 <span style="color:#0066ff;font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:bold;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">NOTE 8—CONTINGENCIES</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:368pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">In the </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.76pt;position:var(--position);text-decoration:none;white-space:pre">ordinary course of business, the Company is a party to various lawsuits. The Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:380pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:392pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">outcome is probable and the loss is reasonably estimable. Management has also identified certain other </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:404pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">legal matters where we believe an unfavorable outcome is not probable and, therefore, </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:462.58pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:473.7pt;position:var(--position);text-decoration:none;white-space:pre"> reserve is </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:416pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">established. Although management currently believes that resolving claims against us, including claims </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:428pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:440pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">results of operations, or financial condition of the Company, these matters are subject to inherent </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:452pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">uncertainties and management’s view of these matters may change in the future. The Company also </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:464pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">evaluates other contingent matters, including income and non-income tax contingencies, to assess the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:476pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:488pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">unfavorable outcome of </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.72pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.4pt;position:var(--position);text-decoration:none;white-space:pre"> or more of these lawsuits or other contingencies could have a material </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:500pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">impact on the liquidity, results of operations, or financial condition of the Company. See “</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:466.03pt;position:var(--position);text-decoration:none;white-space:pre">Note 2—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:512pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.99pt;position:var(--position);text-decoration:none;white-space:pre">” for additional information related to income tax contingencies.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:530pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:italic;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">Irish Data Protection Commission Inquiry Regarding Tinder’s Practices</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:548pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre">On February 3, 2020, we received a letter from the Irish Data Protection Commission (the “DPC”) </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:560pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">notifying us that the DPC had commenced an inquiry examining Tinder’s compliance with the EU’s </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:572pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">General Data Protection Regulation (“GDPR”), focusing on Tinder’s processes for handling access and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:584pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">deletion requests and Tinder’s user data retention policies. On January 8, 2024, the DPC provided us </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:596pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">with a preliminary draft decision alleging that certain of Tinder’s access and retention policies, largely </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:608pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">relating to protecting the safety and privacy of Tinder’s users, violate GDPR requirements. We filed our </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:620pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">response to the preliminary draft decision on March 15, 2024. Our consolidated financial statements do </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:632pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">not reflect any provision for a loss with respect to this matter, as we do not believe there is a probable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:644pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">likelihood of an unfavorable outcome. However, based on the preliminary draft decision and giving due </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:656pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">consideration to the uncertainties inherent in this process, there is at least a reasonable possibility of an </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:668pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">exposure to loss, which could be anywhere between a </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.72pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">minal amount and </span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.06pt;position:var(--position);text-decoration:none;white-space:pre">$60 million</span><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:459.84pt;position:var(--position);text-decoration:none;white-space:pre">, which we do </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:680pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">not believe would be material to our business. We believe we have strong defenses to these claims and </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:692pt;width:612pt"><span style="font-family:'Arial', sans-serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre">will defend vigorously against them.</span></div> 0 1 0 60000000 false false false false