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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 707,760 $ 555,450 $ 1,375,372 $ 1,100,092
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 193,099 148,853 372,554 292,747
Selling and marketing expense 128,918 90,801 273,906 215,291
General and administrative expense 113,393 68,204 201,058 147,523
Product development expense 52,133 41,929 107,709 85,699
Depreciation 10,061 9,669 20,518 19,063
Amortization of intangibles 242 400 455 6,803
Total operating costs and expenses 497,846 359,856 976,200 767,126
Operating income 209,914 195,594 399,172 332,966
Interest expense (32,219) (34,751) (64,057) (66,645)
Other (expense) income, net (355) 17,410 (1,674) 21,264
Earnings from continuing operations, before tax 177,340 178,253 333,441 287,585
Income tax (provision) benefit (37,320) (36,856) (19,573) 11,346
Net earnings from continuing operations 140,020 141,397 313,868 298,931
Earnings (loss) from discontinued operations, net of tax 509 (34,611) 509 (366,578)
Net earnings (loss) 140,529 106,786 314,377 (67,647)
Net loss (earnings) attributable to noncontrolling interests 366 (31,869) 768 (60,266)
Net earnings (loss) attributable to Match Group, Inc. shareholders $ 140,895 $ 74,917 $ 315,145 $ (127,913)
Net earnings per share from continuing operations:        
Basic (USD per share) $ 0.52 $ 0.61 $ 1.17 $ 1.30
Diluted (USD per share) 0.46 0.54 1.04 1.15
Net earnings (loss) per share attributable to Match Group, Inc. shareholders:        
Basic (USD per share) 0.52 0.41 1.17 (0.70)
Diluted (USD per share) $ 0.46 $ 0.36 $ 1.04 $ (0.63)
Stock-based compensation expense by function:        
Stock-based compensation expense $ 42,396 $ 22,140 $ 72,512 $ 43,312
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 1,012 969 2,001 2,136
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 3,087 1,295 4,352 2,442
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 27,580 10,634 46,060 21,515
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 10,717 $ 9,242 $ 20,099 $ 17,219