Match group, inc. (MTCH)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Revenue

544,642

547,167

541,493

497,973

464,625

457,344

443,943

421,196

407,367

378,907

343,418

309,572

298,764

294,870

287,530

275,309

260,401

156,848

268,971

248,817

235,069

Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)

143,894

142,070

138,225

126,665

120,224

111,210

107,512

97,334

93,944

85,942

72,044

62,665

58,848

54,132

50,770

46,978

43,768

3,268

47,636

44,529

38,953

Selling and marketing expense

124,490

100,308

113,581

94,888

118,663

103,148

108,374

90,261

118,171

85,904

94,870

87,713

107,123

67,963

87,889

83,763

109,504

52,923

89,698

88,181

111,965

General and administrative expense

82,158

70,587

67,752

62,233

54,394

50,173

45,187

42,165

42,761

42,083

49,940

43,871

43,910

30,636

30,014

35,345

39,024

1,074

45,981

45,584

29,738

Product development expense

43,770

38,397

36,609

32,680

44,274

33,499

34,027

32,635

31,869

28,061

27,008

24,061

22,020

19,679

17,345

19,653

21,440

13,226

16,811

17,478

16,451

Depreciation

9,246

8,341

8,081

8,197

7,831

7,909

8,513

8,399

8,147

8,994

8,147

7,883

7,589

7,607

7,192

7,176

5,751

-13

6,137

6,622

7,045

Amortization of intangibles

6,403

7,263

641

412

411

404

435

237

242

260

401

404

403

1,928

3,382

4,894

6,728

-693

4,352

5,901

3,877

Total operating costs and expenses

409,961

366,966

364,889

325,075

345,797

306,343

304,048

271,031

295,134

251,244

252,410

226,597

239,893

181,945

196,592

197,809

226,215

69,785

210,615

208,295

208,029

Operating income

134,681

180,201

176,604

172,898

118,828

151,001

139,895

150,165

112,233

127,663

91,008

82,975

58,871

112,925

90,938

77,500

34,186

87,063

58,356

40,522

27,040

Interest expense

25,116

23,144

22,672

23,817

22,086

18,959

18,376

18,276

17,806

19,995

19,548

19,072

18,950

20,327

20,850

20,618

20,404

17,943

0

0

0

Interest expenserelated party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,086

2,318

2,382

2,179

Other income (expense), net

3,854

-5,863

2,787

2,538

-1,488

3,088

894

11,004

-7,221

-5,374

-9,925

-9,550

-5,978

3,477

6,034

-5,229

3,584

3,291

1,535

-2,501

9,307

Earnings before income taxes

113,419

151,194

156,719

151,619

95,254

135,130

122,413

142,893

87,206

102,294

61,535

54,353

33,943

96,075

76,122

51,653

17,366

71,325

57,573

35,639

34,168

Income tax benefit

-46,500

19,161

5,300

23,700

-27,800

21,173

-5,500

11,500

-12,500

110,148

-226,200

2,800

9,400

21,260

19,973

14,884

6,758

22,910

22,136

12,208

8,288

Net earnings

159,965

132,017

151,406

127,968

123,034

113,983

127,950

131,358

99,678

-7,893

287,771

51,544

24,555

74,815

56,149

36,769

10,608

-

-

-

-

Loss from discontinued operations, net of tax

-

-

0

-

-

-

-378

-

-

-1,003

-85

-71

-4,491

-826

555

-2,668

-3,389

-

-

-

-

Net earnings

-

-

151,406

-

-

-

127,572

-

-

-8,896

287,686

51,473

20,064

73,989

56,704

34,101

7,219

35,739

35,437

23,431

25,880

Net loss (earnings) attributable to noncontrolling interests

-417

-209

-92

-5

0

-1,561

-2,587

-1,142

-58

127

-2

43

11

178

294

23

67

146

178

106

-326

Net earnings attributable to Match Group, Inc. shareholders

160,382

132,226

151,498

127,973

123,034

115,544

130,159

132,500

99,736

-9,023

287,688

51,430

20,053

73,811

56,410

34,078

7,152

35,593

35,259

23,325

26,206

Net earnings per share from continuing operations:
Basic (USD per share)

-

-

0.54

-

-

-

0.47

-

-

-0.03

1.08

0.20

0.10

0.30

0.22

0.15

0.04

-

-

-

-

Diluted (USD per share)

-

-

0.51

-

-

-

0.44

-

-

-0.03

0.98

0.17

0.08

0.27

0.21

0.14

0.04

-

-

-

-

Net earnings per share attributable to Match Group, Inc. shareholders:
Basic (USD per share)

0.57

0.47

0.54

0.46

0.44

0.42

0.47

0.48

0.36

-0.03

1.08

0.20

0.08

0.29

0.22

0.14

0.03

0.18

0.21

0.14

0.16

Diluted (USD per share)

0.55

0.45

0.51

0.43

0.42

0.39

0.44

0.45

0.33

-0.04

0.98

0.17

0.07

0.27

0.21

0.13

0.03

0.15

0.20

0.14

0.16

Stock-based compensation expense by function:
Stock-based compensation expense by function:
Stock-based compensation expense

21,172

18,907

20,805

22,015

27,997

16,221

16,141

16,706

16,963

15,463

19,949

15,654

18,024

11,560

10,718

12,644

17,448

18,419

13,057

11,626

6,299

Cost of revenue
Stock-based compensation expense

1,167

833

919

676

1,265

519

493

642

633

455

430

427

389

-

-

-

-

-

-

-

-

Selling and marketing expense
Stock-based compensation expense

1,147

1,187

1,199

1,330

1,396

1,073

745

889

892

1,292

1,146

1,026

1,081

-

-

-

-

-

-

-

-

General and administrative expense
Stock-based compensation expense

10,881

8,948

10,854

13,290

9,771

8,529

8,567

7,590

7,660

7,100

12,669

10,255

12,816

-

-

-

-

-

-

-

-

Product development expense
Stock-based compensation expense

7,977

7,939

7,833

6,719

15,565

6,100

6,336

7,585

7,778

6,616

5,704

3,946

3,738

-

-

-

-

-

-

-

-