Match Group, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Match Group, Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Match Group, Inc. (MTCH) filed a Annual Report (10-K) with the SEC on February 23, 2024. Match Group, Inc. filed its 2023 Form 10-K on February 23, 2024. The filing covers the fiscal year ending December 31, 2023. The company was formerly known as IAC/INTERACTIVECORP. Match Group is incorporated in Delaware. The company's principal business address is in Dallas, Texas.

Why It Matters

For investors and stakeholders tracking Match Group, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Match Group's financial health, operational strategies, and risk factors for investors and stakeholders. Understanding the details within this report is crucial for assessing the company's performance and future outlook in the online dating and social networking industry.

Risk Assessment

Risk Level: medium — Match Group, Inc. shows moderate risk based on this filing. The company's business is subject to significant risks, including competition, evolving user preferences, and regulatory changes, as detailed in its 10-K filing.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Match Group's performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-23 — Filing Date (Date of submission)
• 120 — Public Document Count (Number of documents in the filing)

Key Players & Entities

• Match Group, Inc. (company) — Filer name
• IAC/INTERACTIVECORP (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-02-23 (date) — Filing date
• Dallas, TX (location) — Business address

FAQ

Industry Context

Match Group operates in the online dating and social networking industry, a sector characterized by rapid technological advancements and evolving user engagement trends.

Regulatory Implications

The company is subject to various regulations concerning data privacy, online content, and consumer protection, which are critical for its operations.

What Investors Should Do

1. Analyze the financial statements for revenue trends and profitability.
2. Review the risk factors section for potential business challenges.
3. Examine management's discussion and analysis for strategic insights.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-23: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial filing for the 2023 fiscal year, following the 2022 10-K.

Key Financial Figures

• $0.001 M — ch registered Common Stock, par value $0.001 MTCH The Nasdaq Global Market LLC (Nasda

Filing Documents

• mtch-20231231.htm (10-K) — 2599KB
• mtch10-k20231231ex41.htm (EX-4.1) — 13KB
• mtch10-k20231231ex211.htm (EX-21.1) — 48KB
• mtch10-k20231231ex231.htm (EX-23.1) — 5KB
• mtch10-k20231231ex311.htm (EX-31.1) — 9KB
• mtch10-k20231231ex312.htm (EX-31.2) — 9KB
• mtch10-k20231231ex321.htm (EX-32.1) — 5KB
• mtch10-k20231231ex322.htm (EX-32.2) — 5KB
• mtch10-k20231231ex971.htm (EX-97.1) — 45KB
• imagea.jpg (GRAPHIC) — 15KB
• mtch-20231231_g1.jpg (GRAPHIC) — 16KB
• mtch-20231231_g2.jpg (GRAPHIC) — 87KB
• mtch-20231231_g3.jpg (GRAPHIC) — 32KB
• 0000891103-24-000014.txt (&nbsp;) — 12914KB
• mtch-20231231.xsd (EX-101.SCH) — 71KB
• mtch-20231231_cal.xml (EX-101.CAL) — 129KB
• mtch-20231231_def.xml (EX-101.DEF) — 414KB
• mtch-20231231_lab.xml (EX-101.LAB) — 1094KB
• mtch-20231231_pre.xml (EX-101.PRE) — 742KB
• mtch-20231231_htm.xml (XML) — 1871KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 27 Item 1C. Cybersecurity 27 Item 2.

Properties

Properties 29 Item 3.

Legal Proceedings

Legal Proceedings 29 Item 4. Mine Safety Disclosure 31 PART II Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 Item 6. Reserved 33 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 53 Item 8. Consolidated Financial Statements and Supplementary Data 54 Consolidated Balance Sheet 56 Consolidated Statement of Operations 57 Consolidated Statement of Comprehensive Operations 58 Consolidated Statement of Shareholders' Equity 59 Consolidated Statement of Cash Flows 61 Note 1—Organization 62 Note 2—Summary of Significant Accounting Policies 62 Note 3—Income Taxes 69 Note 4—Discontinued Operations 72 Note 5—Goodwill and Intangible Assets 73 Note 6—Financial Instruments 74 Note 7—Long-term Debt, net 76 Note 8—Shareholders' Equity 82 Note 9—Accumulated Other Comprehensive Loss 82 Note 10—Earnings per Share 83 Note 11—Stock-based Compensation 84 Note 12—Geographic Information 87 Note 13—Leases 87 Note 1 4 —Commitments and Contingencies 89 Note 15—Benefit Plans 90 Note 16—Consolidated Financial Statement Details 91 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 93 Item 9A.

Controls and Procedures

Controls and Procedures 93 Item 9B. Other Information 95 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 95 PART III Item 10. Directors, Executive Officers and Corporate Governance 96 Item 11.

Executive Compensation

Executive Compensation 96 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96 Item 13. Certain Relationships and Related Transactions, and Director Independence 96 Item 14. Principal Accountant Fees and Services 96 PART IV Item 15. Exhibits and Financial Statement Schedules 97 Item 16. Form 10-K Summary 97 2 Cautionary Statement Regarding Forward-Looking Information This annual report on Form 10-K contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: Match Group's future financial performance, Match Group's business prospects and strategy, anticipated trends and prospects in the industries in which Match Group's businesses operate and other similar matters. These forward-looking statements are based on Match Group management's current expectations and assumptions about future events as of the date of this annual report, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: the risk factors set forth in "Item 1A—Risk Factors." Other unknown or unpredictable factors that could also adversely affect Match Group's business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, these forward-looking statements discussed in this annual report may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of Match Group management as of the date of this annual report. Match Group does not undertake t

Business

Item 1. Business Who we are Match Group, Inc., through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes Tinder , Hinge , Match , Meetic , OkCupid , Pairs, Plenty Of Fish , Azar , BLK , and more, each built to increase our users' likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the varying preferences of our users. Our services are available in over 40 languages to our users all over the world. As used herein, "Match Group," the "Company," "we," "our," "us," and similar terms refer to Match Group, Inc. and its subsidiaries, unless the context indicates otherwise. The business of creating meaningful connections Our goal is to spark meaningful connections for users around the world. Consumers' preferences vary significantly, influenced in part by demographics, geography, cultural norms, religion, and intent (for example, seeking friendship, casual dating, or more serious relationships). As a result, the market for social connection apps is fragmented, and no single service has been able to effectively serve all of those seeking social connections. Prior to the proliferation of the internet and mobile devices, human connections traditionally were limited by social circles, geography, and time. People met through work colleagues, friends and family, in school, at church, at social gatherings, in bars and restaurants, or in other social settings. Today, the adoption of mobile technology and the internet has significantly expanded the ways in which people can create new interactions, and develop meaningful connections and relationships. Additionally, the ongoing adoption of technology into more aspects of daily life continues to further erode biases and stigmas across the world that previously served as barriers to individuals using technology to help find and develop those connections. We believe

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View this 10-K filing on SEC EDGAR