Slide 1: Q4 2024 Supplemental Materials
Q4 2024 Supplemental Materials February 4, 2025
Slide 2: Disclosures and Definitions
Disclosures and Definitions Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures in addition to financial measures presented in accordance with U.S. GAAP. These non-GAAP financial measures are in addition to, and not a substitute for or superior to, measures of finan
Slide 3: Q4 2024 Business Performance Snapshot
Q4 2024 Business Performance Snapshot
Slide 4: Q4 2024 Business Performance
Q4 2024 Business Performance 1, 2 Evergreen & MG Emerging 2 Asia 2 Direct $845.4 1% Y/Y $476.0 3% Y/Y $147.7 27% Y/Y $155.1 8% Y/Y $66.6 9% Y/Y Revenue ($M) +3% Ex-Live FXN (1)% FXN +27% FXN (3)% Ex-Live FXN +4% Ex-Live FXN Payers (000s) 14,607 4% Y/Y 9,491 5% Y/Y 1,619 19% Y/Y 2,485 14% Y/Y 1,012 4
Slide 5: Trended Financial Highlights
Trended Financial Highlights
Slide 6: Consolidated Total Revenue
Consolidated Total Revenue In $ Millions Y/Y Growth 10% 9% 4% 2% (1)% Y/Y FXN Growth 10% 12% 8% 3% 1% 6
Slide 7: Consolidated Operating Income & Adjusted Operating Income
Consolidated Operating Income & Adjusted Operating Income Operating Income ($M) and Margin1 Adjusted Operating Income ($M) and Margin 1. Operating Income in Q3’24 includes $37 million of impairments of intangible assets and other charges related to the shutdown of Hakuna and other of our live stream
Slide 8: Consolidated Payers & RPP
Consolidated Payers & RPP Payers (M) RPP Y/Y Growth (5)% (6)% (5)% (3)% (4)% 17% 16% 9% 5% 3% 8
Slide 9: Tinder Trended Performance
Tinder Trended Performance Direct Revenue ($M) Payers (M) & RPP Operating Income ($M) and Margin Adj. Operating Income ($M) and Margin 9
Slide 10: Hinge Trended Performance
Hinge Trended Performance Direct Revenue ($M) Payers (M) & RPP Operating Income ($M) and Margin Adj. Operating Income ($M) and Margin 10
Slide 11: E&E Trended Performance
E&E Trended Performance Direct Revenue Ex-Live1 ($M) Payers (M) & RPP Operating Income ($M) and Margin2 Adj. Operating Income ($M) and Margin 1. Ex-Live excludes the shutdown of our live streaming services within E&E. 11 2. Operating Income in Q3’24 includes impairments of intangible assets and othe
Slide 12: MG Asia Trended Performance
MG Asia Trended Performance Direct Revenue Ex-Live1 ($M) Payers (M) & RPP Operating Loss ($M) and Margin2 Adj. Operating Income ($M) and Margin 1. Ex-Live excludes the shutdown of Hakuna. 12 2. Operating Income in Q3’24 includes impairments of intangible assets and other charges related to the shutd
Slide 13: Free Cash Flow
Free Cash Flow Annual FCF2 ($M) and Quarterly FCF1 ($M) FCF Conversion % FCF Conversion % 42% 66% 70% 1. Q2’24 FCF was impacted by the timing of Apple payments between quarters. 13 2. 2022 FCF was impacted by the payment of the Tinder litigation settlement.
Slide 14: Capital Returns
Capital Returns Quarterly Capital Return1 Annual Capital Return Dilutive % of FCF 101% 66% 85% 281 282 273 267 260 Shares Note: Diluted shares outstanding is calculated using the methods and assumptions described in page 16 of our press release; these are different from GAAP dilution, which is 14 ca
Slide 15: Leverage Ratios and Debt Maturity Schedule
Leverage Ratios and Debt Maturity Schedule Gross and Net Leverage1 Debt Maturity Schedule ($M)2 $575 $450 $350 $575 $500 $500 $500 $500 $425 2025 2026 2027 2028 2029 2030 2031 Exchangeable Notes Term Loan B (Repaid Jan ‘25) Gross Leverage (TTM) Net Leverage (TTM) Senior Notes Revolver 1. Leverage is
Slide 16: Appendix
Appendix
Slide 17: Trended Revenue Metrics
Trended Revenue Metrics 2022 2023 2024 Year Ended December 31, Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 Revenue (in millions, rounding differences may occur) (Unaudited) Direct Revenue: Tinder $ 441.0 $ 449.1 $ 460.2 $ 444.2 $ 441.1 $ 474.7 $ 508.5 $ 493.2 $ 481.5 $ 479.9 $ 503.2 $ 476.0 $
Slide 18: Trended Profitability Metrics
Trended Profitability Metrics 2022 2023 2024 Year Ended December 31, Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 Operating Income (Loss) (in millions, rounding differences may occur) (Unaudited) Tinder $ 231.6 $ 241.5 $ 242.9 $ 240.4 $ 221.5 $ 239.6 $ 256.0 $ 238.5 $ 210.0 $ 218.5 $ 234.3 $ 2
Slide 19: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended March 31, 2022 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 231,644 $ 20,637 $ 10,170 $ (11,564) $ (
Slide 20: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended June 30, 2022 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 241,520 $ 23,194 $ 21,315 $ (232,534) $ (
Slide 21: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended September 30, 2022 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 242,933 $ 19,823 $ 25,800 $ (9,455)
Slide 22: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended December 31, 2022 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 240,373 $ 15,069 $ (21,406) $ (58,474
Slide 23: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended March 31, 2023 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 221,482 $ 12,873 $ 19,598 $ (1,862) $ (5
Slide 24: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended June 30, 2023 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 239,567 $ 11,353 $ 24,125 $ 2,331 $ (62,5
Slide 25: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended September 30, 2023 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 255,994 $ 23,180 $ 26,138 $ (2,605)
Slide 26: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended December 31, 2023 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 238,476 $ 26,855 $ 12,599 $ (6,539) $
Slide 27: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended March 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 210,042 $ 18,505 $ 17,321 $ (7,667) $ (5
Slide 28: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended June 30, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Operating Income (Loss) $ 218,530 $ 30,214 $ 19,636 $
Slide 29: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended September 30, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Operating Income (Loss) $ 234,304 $ 42,207 $ 3,11
Slide 30: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Three Months Ended December 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Operating Income (Loss) $ 226,346 $ 30,556 $ 26,02
Slide 31: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Year Ended December 31, 2022 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 956,470 $ 78,723 $ 35,879 $ (312,027) $ (244,
Slide 32: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Year Ended December 31, 2023 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Group (Dollars in thousands) Operating Income (Loss) $ 955,519 $ 74,261 $ 82,460 $ (8,675) $ (186,66
Slide 33: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Reconciliation of Operating Income (Loss) to Adjusted Operating Income Year Ended December 31, 2024 Corporate & unallocated Total Match Tinder Hinge E&E MG Asia costs Eliminations Group (Dollars in thousands) Operating Income (Loss) $ 889,222 $ 121,482 $ 66,088 $ (32
Slide 34: Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects
GAAP to Non-GAAP Reconciliations Reconciliation of GAAP Revenue to Non-GAAP Revenue, Excluding Foreign Exchange Effects Three Months Ended December 31, 2024 $ Change % Change 2023 (Dollars in millions, rounding differences may occur) Total Revenue, excluding Hakuna and other of our live streaming se
Slide 35: Net Cash Provided by Operating Activities to Free Cash Flow
GAAP to Non-GAAP Reconciliations Reconciliation of Net Cash Provided by Operating Activities to Free Cash Flow Years Ended December 31, 2024 2023 2022 (Dollars in thousands) Net cash provided by operating activities $ 932,719 $ 896,791 $ 525,688 Capital expenditures (50,578) (67,412) (49,125) Free c