Match Group — Nov 6, 2024 release

shareholders $ 622,638  Add back: Net earnings attributable to noncontrolling interests 77  Income tax provision 108,678  Other income, net (32,142) Interest expense 160,925  Operating income 860,176  Stock-based compensation expense 266,329  Depreciation 86,295  Impairments and amortization of intangibles 77,219  Adjusted Operating Income $ 1,290,019  Reconciliation of Operating Cash Flow to Free Cash Flow Nine Months Ended September 30, 2024 2023 (In thousands) Net cash provided by operating activities $ 678,009  $ 620,672  Capital expenditures (43,011) (50,020) Free Cash Flow $ 634,998  $ 570,652  Reconciliation of Forecasted Operating Income to Adjusted Operating Income Three Months Ended December 31, 2024 (In millions) Operating income $235 to $240 Stock-based compensation expense 68 Depreciation and impairments and amortization of intangibles 32 Adjusted Operating Income $335 to $340 22 Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects   Three Months Ended September 30, Nine Months Ended September 30,   2024 $ Change % Change 2023 2024 $ Change % Change 2023   (Dollars in millions, rounding differences may occur) Total Revenue, as reported $ 895.5  $ 13.9  2% $ 881.6  $ 2,619.2  $ 120.9  5% $ 2,498.3  Foreign exchange effects 11.0  58.9  Total Revenue, excluding foreign exchange effects $ 906.5  $ 24.9  3% $ 881.6  $ 2,678.1  $ 179.8  7% $ 2,498.3  Direct Revenue, as reported $ 879.2  $ 12.4  1% $ 866.8  $ 2,572.6  $ 115.3  5% $ 2,457.4  Foreign exchange effects 10.8  58.3  Direct Revenue, excluding foreign exchange effects $ 890.0  $ 23.2  3% $ 866.8  $ 2,630.9  $ 173.5  7% $ 2,457.4  Tinder Direct Revenue, as reported $ 503.2  $ (5.3) (1)% $ 508.5  $ 1,464.6  $ 40.2  3% $ 1,424.4  Foreign exchange effects 7.9  34.6  Tinder Direct Revenue, excluding foreign exchange effects $ 511.1  $ 2.6  1% $ 508.5  $ 1,499.2  $ 74.8  5% $ 1,424.4  Hinge Direct Revenue, as reported $ 145.4  $ 38.2  36