Match Group — Feb 4, 2025 release

• Stock-based compensation expense of $305 to $315 million. • Capital expenditures of $45 to $55 million. • FCF of $1,000 million to $1,030 million, representing ~81% FCF conversion of AOI at the mid-point of the ranges. • Effective income tax rate in the low-20%s. • Use of at least 75% of FCF for share repurchases and to target returning at least 100% of FCF to shareholders through dividends and share repurchases. • Reduction of diluted shares outstanding by 5% to 7% over the course of 2025. 7 Financial Results Consolidated Operating Costs and Expenses Three Months Ended December 31, (Dollars in thousands) 2024 % of Revenue 2023 % of Revenue Y/Y Change Cost of revenue $ 236,414  27% $ 208,112  24% 14  % Selling and marketing expense 145,515  17% 158,898  18% (8) % General and administrative expense 114,371  13% 108,205  12% 6  % Product development expense 109,138  13% 97,571  11% 12  % Depreciation 20,584  2% 19,380  2% 6  % Impairment and amortization of intangibles 10,766  1% 13,810  2% (22) % Total operating costs and expenses $ 636,788  74% $ 605,976  70% 5  % Liquidity and Capital Resources During the year ended December 31, 2024, we generated operating cash flow of $933 million and Free Cash Flow of $882 million. During the quarter ended December 31, 2024, we repurchased 3.1 million shares of our common stock for $117 million on a trade date basis at an average price of $37.38. For the full year 2024, we repurchased 22.2 million shares of our common stock for $753 million at an average price of $33.86. On December 10, 2024, our board of directors authorized a new repurchase program