Match Group, Inc. Fair Value Disclosure
December 31, 2025 | |||||
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Total Fair Value Measurements | |||
(In thousands) | |||||
Assets: | |||||
Cash equivalents: | |||||
Money market funds | $224,837 | $— | $224,837 | ||
Time deposits | — | 151,890 | 151,890 | ||
Short-term investments: | |||||
Time deposits | — | 3,461 | 3,461 | ||
Intangible assets: | |||||
Digital assets (cost basis of $10,167) | 7,216 | — | 7,216 | ||
Total | $232,053 | $155,351 | $387,404 | ||
December 31, 2024 | |||||
Quoted Market Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Total Fair Value Measurements | |||
(In thousands) | |||||
Assets: | |||||
Cash equivalents: | |||||
Money market funds | $264,008 | $— | $264,008 | ||
Time deposits | — | 121,000 | 121,000 | ||
Short-term investments: | |||||
Time deposits | — | 4,734 | 4,734 | ||
Total | $264,008 | $125,734 | $389,742 | ||
December 31, 2025 | December 31, 2024 | ||||||
Carrying Value | Fair Value | Carrying Value | Fair Value | ||||
(In thousands) | |||||||
Current maturities of long-term debt, net (a)(b) | $(423,580) | $(416,966) | $— | $— | |||
Long-term debt, net (a)(b) | $(3,549,099) | $(3,450,867) | $(3,848,983) | $(3,578,976) | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2019 | Feb 28, 2020 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.