
	Three Months Ended September 30,
	2025				2024
	Basic		Diluted		Basic		Diluted

	(In thousands, except per share data)
Numerator
Net income	$	160,756	$	160,756	$	136,481	$	136,481
Net income attributable to noncontrolling interests	(7)		(7)		(13)		(13)
Impact from subsidiaries’ dilutive securities	—		—		—		(6)
Dilutive impact of Exchangeable Notes, net of income tax(a)	—		1,789		—		3,171






Net income attributable to Match Group, Inc. shareholders	$	160,749	$	162,538	$	136,468	$	139,633

Denominator
Weighted average basic shares outstanding	240,510		240,510		257,070		257,070
Dilutive securities(b)(c)	—		6,405		—		5,271
Dilutive shares from Exchangeable Notes, if-converted(a)	—		13,409		—		13,397
Denominator for earnings per share—weighted average shares(b)(c)	240,510		260,324		257,070		275,738

Earnings per share:


Earnings per share attributable to Match Group, Inc. shareholders	$	0.67	$	0.62	$	0.53	$	0.51


	Nine Months Ended September 30,
	2025				2024
	Basic		Diluted		Basic		Diluted

	(In thousands, except per share data)
Numerator
Net income	$	403,805	$	403,805	$	393,035	$	393,035
Net income attributable to noncontrolling interests	(8)		(8)		(55)		(55)
Impact from subsidiaries’ dilutive securities	—		(7)		—		(19)
Dilutive impact of Exchangeable Notes, net of income tax(a)	—		8,135		—		9,513






Net income attributable to Match Group, Inc. shareholders	$	403,797	$	411,925	$	392,980	$	402,474

Denominator
Weighted average basic shares outstanding	245,298		245,298		263,181		263,181
Dilutive securities(b)(c)	—		6,536		—		4,677
Dilutive shares from Exchangeable Notes, if-converted(a)	—		13,469		—		13,397
Denominator for earnings per share—weighted average shares(b)(c)	245,298		265,303		263,181		281,255

Earnings per share:


Earnings per share attributable to Match Group, Inc. shareholders	$	1.65	$	1.55	$	1.49	$	1.43

(a)The Company uses the if-converted method for calculating the dilutive impact of the outstanding Exchangeable Notes. For both the three and nine months ended September 30, 2025 and 2024, the Company adjusted net income attributable to Match Group, Inc. shareholders for the cash interest expense, net of income taxes, incurred on the 2026 and 2030 Exchangeable Notes. For the three and nine months ended September 30, 2025, the Company also adjusted for the gain on extinguishment of debt, net of taxes, on the repurchased 2026 Exchangeable Notes. Dilutive shares were also included for the same series of Exchangeable Notes.

(b)If the effect is dilutive, weighted average common shares outstanding includes the incremental shares that would be issued upon the assumed exercise of stock options, warrants, and subsidiary denominated equity and vesting of restricted stock units. For the three and nine months ended September 30, 2025, 16.4 million and 15.9 million potentially dilutive securities, respectively, and for the three and nine months ended September 30, 2024, 21.2 million and 17.9 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(c)Market-based awards and performance-based restricted stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For the three and nine months ended September 30, 2025 and 2024, 2.3 million and 2.6 million market-based awards and PSUs, respectively, were excluded from the calculation of diluted earnings per share because the market or performance conditions had not been met.