EFTA01378095.pdf

Years ended December 31, 2012 2013 2014 (In thousands) Operating Income (Loss): Dating $ 187,106 $ 230273 $ 253725 Non-dating (476) (8,940) (25,158) Total $ 186,630 $ 221,333 $ 228,567 Years ended December 31, 2012 2013 2014 (In thousands) Adjusted ESITDA:(a) Dating $ 236,939 $ 277.463 $ 289,287 Non-dating (449) (6,232) (15,839) Total $ 236.490 $ 271,231 $ 273448 December 31, 2013 2014 (In thousands) Segment Assets:(b) Dating $ 337,591 $ 277,260 Non-dating 7,423 29.396 Total $ 345,014 $ 306,658 F-47 Table of Years ended December 31, 2012 2013 2014 (In thousands) Capital expenditures: Dating $ 19,853 $ 19.587 $ 19.734 Non-dating 220 2.059 Total $ 19,853 $ 19.807 $ 21.793 (a) The Company's primary financue measure is Aapsted EBITDA, which is defined as operating income excluding (1) stock.based compentaton expense, (2) depreciator, and (3) acquisition-related items cons-sung of (i) arnorteation of intangible assets and impairments of goodmIl and intangbie assets and 00 gate and tosses recognized on changes in the fair vaka of contingent consideration arrangements The Company believes this measure is useful for analysts and investors as the measure allows a more meanings" comparison between our peiformance and that al our corrobtors Moreover, our management uses e e measure irtemaey to evaluate the perfonnarce of our business as a whole The above 'leas are excluded from our Adpsted EBITDA measure because these 'terns are nomoash in nature, and we believe that by excluding these items. Adjusted EBITDA corresponch more close/ to ex cash operabng income generated from our busress, from which captal investments are made and debt is serviced Adjusted EBITDA has certain limitation in that it does not take into account the impact to Match Group, Ire's statement of opiresims of certain expenses (o) Contemn' with the Company's primary metric (descated in (a) atove), me timpani excludes, if applicable, goodwa and infancies* assets from me measure of segment assets presented above Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below. Years ended December 31, 2012 2013 2014 (In thousands) Revenue United States $ 460321 $ 516,589 $ 578,139 AN other countries 253,128 286,500 310,129 Total $ 713.449 $ 803.089 $ 888.268 The only country, other than the United States, with greater than 10 percent of total revenue for the years ended December 31, 2012 and 2013, is France with $75.6 million and $81.4 million, respectively. The United States is the only country whose revenue is greater than 10 percent of total revenue for the year ended December 31, 2014. December 31, 2013 2014 (In thousands) hoplysedwAr.o.gov 'Anima edger datafl F/S189,00010474691500$434422264San-t abin411,972013 911:17 AMJ CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0075255 CONFIDENTIAL SDNY_GM_00221439 EFTA01378095