Match Group — May 8, 2025 release

This press release, including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, is also available on that site. Dividend Declaration Match Group's Board of Directors has declared a cash dividend of $0.19 per share of the company's common stock. The dividend is payable on July 18, 2025 to stockholders of record as of July 3, 2025. Financial Outlook For Q2 2025, Match Group expects: • Total Revenue of $850 to $860 million, down 2% to flat Y/Y. • Adjusted Operating Income of $295 to $300 million, down 4% to down 2% Y/Y. • Adjusted Operating Income Margin of approximately 35% at the midpoints of the ranges. 3 Financial Results Consolidated Operating Costs and Expenses Three Months Ended March 31, (Dollars in thousands) 2025 % of Revenue 2024 % of Revenue Y/Y Change Cost of revenue $ 236,908  29% $ 256,742  30% (8) % Selling and marketing expense 157,096  19% 165,301  19% (5) % General and administrative expense 111,520  13% 106,241  12% 5  % Product development expense 120,854  15% 115,737  13% 4  % Depreciation 21,729  3% 20,521  2% 6  % Amortization of intangibles 10,478  1% 10,367  1% 1  % Total operating costs and expenses $ 658,585  79% $ 674,909  79% (2) % Liquidity and Capital Resources During the three months ended March 31, 2025, we generated operating cash flow of $193 million and Free Cash Flow of $178 million. During the quarter ended March 31, 2025, we repurchased 6.1 million share