%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 511.70 748.60 Td (Page 1 of 15) Tj ET Q /GS0 gs q 349.00 0 0 67.00 131.50 653.00 cm /I1 Do Q BT /F1 10.00 Tf ET BT /F2 12.00 Tf ET q 0 0 0 rg BT 176.65 626.60 Td (Match Gr) Tj ET Q q 0 0 0 rg BT 227.42 626.60 Td (oup Reports ) Tj ET Q q 0 0 0 rg BT 293.20 626.60 Td (Third Quarter) Tj ET Q q 0 0 0 rg BT 367.98 626.60 Td ( 2016 Results) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 109.50 600.20 Td (Announces 22% Gr) Tj ET Q q 0 0 0 rg BT 210.63 600.20 Td (owth in Dating Revenue and 33% Gr) Tj ET Q q 0 0 0 rg BT 400.42 600.20 Td (owth in Subscribers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 575.00 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 102.37 575.00 Td (TXNovember 1, 2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 210.40 575.00 Td (Match Group \(NASDAQ: MTCH\) reported third quarter 2016 financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 561.80 Td (results today and separately released an investor presentation which will be reviewed on the earnings ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 548.60 Td (conference call scheduled for 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 283.45 548.60 Td (T) Tj ET Q q 0 0 0 rg BT 289.79 548.60 Td (ime on November 2, 2016. ) Tj ET Q q 0 0 0 rg BT 413.01 548.60 Td (The presentation is available ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 535.45 Td (on the Investor Relations section of its website at ) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.54 w 0 i [] 0 d 1 J 1 j 3 M 291.03857421875 533.98369140625 m 369.86474609375 533.98369140625 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 291.04 535.45 Td (http://ir) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 323.43 535.45 Td (.mtch.com) Tj ET Q BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 369.86 535.45 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 510.25 Td (Q3 was another strong quarter for Match Group, said Greg Blatt, Chairman and CEO. W) Tj ET Q q 0 0 0 rg BT 479.22 510.25 Td (e grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 497.05 Td (revenue ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 109.56 497.05 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 129.72 497.05 Td ( and expanded mar) Tj ET Q q 0 0 0 rg BT 212.91 497.05 Td (gins in our Dating businesses, delivering results ahead of expectations, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 483.85 Td (driven by great growth at ) Tj ET Q q 0 0 0 rg BT 185.74 483.85 Td (T) Tj ET Q q 0 0 0 rg BT 192.07 483.85 Td (inder) Tj ET Q q 0 0 0 rg BT 214.23 483.85 Td (, as well as PlentyOfFish and Meetic. Our Non-dating business turned a ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 470.65 Td (meaningful profit this quarter as expected, and overall, we are meeting or exceeding the marks we have ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 457.45 Td (set for ourselves. ) Tj ET Q q 0 0 0 rg BT 152.14 457.45 Td (The outlook for our Dating businesses remains very positive.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 432.25 Td (Q3 2016 HIGHLIGHTS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 413.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 413.05 Td (A) Tj ET Q q 0 0 0 rg BT 115.13 413.05 Td (verage PMC grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.91 413.05 Td (33%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 218.08 413.05 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 232.13 413.05 Td (5.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 280.41 413.05 Td ( over the prior year quarter led by continued strength at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 399.85 Td (T) Tj ET Q q 0 0 0 rg BT 114.33 399.85 Td (inder) Tj ET Q q 0 0 0 rg BT 136.49 399.85 Td (, growth at Meetic and Pairs, in Japan, and from PlentyOfFish, which was acquired in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 386.65 Td (October 2015.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 370.45 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 370.45 Td (T) Tj ET Q q 0 0 0 rg BT 114.33 370.45 Td (inder) Tj ET Q q 0 0 0 rg BT 137.34 370.45 Td () Tj ET Q q 0 0 0 rg BT 140.40 370.45 Td (s strong subscriber growth continued, ending Q3 with over 1.5 million PMC.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 354.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 354.25 Td (Dating revenue grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 202.99 354.25 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.15 354.25 Td ( over the prior year quarter to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 355.40 354.25 Td ($288 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 411.93 354.25 Td ( and total revenue grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 517.91 354.25 Td (18%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 538.07 354.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 341.05 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.31 341.05 Td ($316 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 175.84 341.05 Td (. ) Tj ET Q q 0 0 0 rg BT 183.89 341.05 Td (T) Tj ET Q q 0 0 0 rg BT 189.84 341.05 Td (otal revenue was impacted by a revenue decline at Non-dating.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 324.85 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 324.85 Td (Growth in operating income outpaced revenue growth, increasing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.71 324.85 Td (57%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 419.87 324.85 Td ( over the prior year quarter ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 311.65 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 119.31 311.65 Td ($92 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.34 311.65 Td (, while ) Tj ET Q q 0 0 0 rg BT 202.42 311.65 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 284.61 311.65 Td ( grew ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 312.10 311.65 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 332.26 311.65 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 346.32 311.65 Td ($1) Tj ET Q q 0 0 0 rg BT 356.91 311.65 Td (1) Tj ET Q q 0 0 0 rg BT 362.00 311.65 Td (1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 402.03 311.65 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 295.45 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 295.45 Td (Operating income mar) Tj ET Q q 0 0 0 rg BT 206.76 295.45 Td (gin and ) Tj ET Q q 0 0 0 rg BT 241.60 295.45 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 323.78 295.45 Td ( mar) Tj ET Q q 0 0 0 rg BT 343.44 295.45 Td (gin for Dating improved to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 464.72 295.45 Td (32%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 484.88 295.45 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 506.27 295.45 Td (37%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 526.43 295.45 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 282.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 160.43 282.25 Td (, compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.35 282.25 Td (25%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 243.51 282.25 Td ( and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 264.90 282.25 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 285.06 282.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 342.99 282.25 Td (, in the prior year quarter) Tj ET Q q 0 0 0 rg BT 452.33 282.25 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 266.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 266.05 Td (ARPPU continues to exhibit stability during 2016 and was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.63 266.05 Td ($0.54) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.38 266.05 Td ( for the quarter) Tj ET Q q 0 0 0 rg BT 458.43 266.05 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 249.85 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 249.85 Td (Operating cash flow for the nine months ended September 30, 2016 increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.87 249.85 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 473.04 249.85 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 487.09 249.85 Td ($169 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 236.65 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 139.78 236.65 Td ( compared to the prior year period, while free cash flow increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 432.07 236.65 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 452.23 236.65 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 466.29 236.65 Td ($130 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 522.82 236.65 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 223.45 Td (Match Group ended Q3 2016 with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 261.97 223.45 Td ($231 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 318.50 223.45 Td ( of cash and cash equivalents.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 90.00 207.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 207.25 Td (Non-dating generated positive operating income in Q3 2016, while ) Tj ET Q q 0 0 0 rg BT 404.93 207.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 487.12 207.25 Td ( increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.00 194.05 Td (55%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 128.16 194.05 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 142.22 194.05 Td ($3.6 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 196.00 194.05 Td ( compared to the prior year quarter) Tj ET Q q 0 0 0 rg BT 348.71 194.05 Td (.) 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Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 649.77 Td (287,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 649.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 649.77 Td (235,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 649.77 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 634.97 Td (Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 634.77 Td (91,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 634.77 Td (58,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 634.77 Td (57%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 619.97 Td (Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 619.77 Td (56,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 619.77 Td (35,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 619.77 Td (60%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 604.97 Td (Diluted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 604.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 604.77 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 604.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 604.77 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.30 604.77 Td (5%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 589.97 Td (Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 589.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 589.77 Td (110,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 589.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 589.77 Td (82,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 589.77 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 574.97 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 574.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 574.77 Td (62,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 574.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 574.77 Td (46,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 574.77 Td (32%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 559.97 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 559.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 559.77 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 559.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 559.77 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 559.77 Td (\(15\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 544.97 Td (Average PMC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 544.77 Td (5,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 544.77 Td (4,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 544.77 Td (33%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 529.97 Td (ARPPU) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 529.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 529.77 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 529.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 529.77 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 529.77 Td (\(8\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 509.40 Td (See r) Tj ET Q q 0 0 0 rg BT 93.89 509.40 Td (econciliations of GAAP) Tj ET Q q 0 0 0 rg BT 197.55 509.40 Td ( to non-GAAP) Tj ET Q q 0 0 0 rg BT 259.68 509.40 Td ( measur) Tj ET Q q 0 0 0 rg BT 294.41 509.40 Td (es below) Tj ET Q q 0 0 0 rg BT 331.78 509.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 482.478564453125 m 112.326171875 482.478564453125 l s q 0 0 0 rg BT 72.00 484.20 Td (Revenue) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 446.70 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 446.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 446.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 446.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 446.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 446.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 416.70 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 416.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 416.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 416.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 416.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 416.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 386.70 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 386.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 386.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 386.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 386.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 386.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 356.70 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 356.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 356.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 356.70 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 356.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 356.70 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 446.7 m 371.5 446.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 446.7 m 445.5 446.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 446.7 m 519.5 446.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 401.7 m 371.5 401.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 401.7 m 445.5 401.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 401.7 m 371.5 401.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 401.7 m 445.5 401.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 371.7 m 371.5 371.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 371.7 m 445.5 371.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 341.7 m 371.5 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 327.7 m 371.5 327.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 325.7 m 371.5 325.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 341.7 m 445.5 341.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 327.7 m 445.5 327.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 325.7 m 445.5 325.7 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 451.15 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.35 451.38 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.35 451.38 Td (Q3 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.60 451.38 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.00 436.57 Td (Direct Revenue:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.00 421.57 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 421.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 421.37 Td (172,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 421.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 421.37 Td (148,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 421.37 Td (16%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 112.00 406.57 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 406.37 Td (101,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 406.37 Td (75,773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 406.37 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.00 391.57 Td (Total Direct Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 391.37 Td (273,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 391.37 Td (224,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 391.37 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 106.00 376.57 Td (Indirect Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 376.37 Td (13,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 376.37 Td (10,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 376.37 Td (30%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 361.57 Td (Dating Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 361.37 Td (287,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 361.37 Td (235,131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 361.37 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 346.57 Td (Non-dating Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 346.37 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 346.37 Td (33,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 346.37 Td (\(15\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 331.57 Td (Total Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 331.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 331.37 Td (316,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 331.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 331.37 Td (268,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 331.37 Td (18%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 302.00 Td (Revenue growth of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 159.06 302.00 Td (22%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 179.22 302.00 Td ( at Dating was led by strong contributions from ) Tj ET Q q 0 0 0 rg BT 390.13 302.00 Td (T) Tj ET Q q 0 0 0 rg BT 396.46 302.00 Td (inder) Tj ET Q q 0 0 0 rg BT 418.62 302.00 Td (, Pairs, and the acquisition ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 288.80 Td (of PlentyOfFish. Non-dating revenue declined as the new SA) Tj ET Q q 0 0 0 rg BT 343.28 288.80 Td (T) Tj ET Q q 0 0 0 rg BT 349.80 288.80 Td ( test format continued to impact the test ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 275.60 Td (preparation business and we continued to shift our focus to higher mar) Tj ET Q q 0 0 0 rg BT 381.86 275.60 Td (gin revenue.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 248.67856445312498 m 171.99365234375 248.67856445312498 l s q 0 0 0 rg BT 72.00 250.40 Td (Dating ) Tj ET Q q 0 0 0 rg BT 105.92 250.40 Td (A) Tj ET Q q 0 0 0 rg BT 113.05 250.40 Td (verage ) Tj ET Q q 0 0 0 rg BT 146.95 250.40 Td (PMC) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 212.90 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 212.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 212.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 212.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 212.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 212.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 182.90 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 182.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 182.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 182.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 182.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 182.90 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 212.89999999999998 m 371.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 212.89999999999998 m 445.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 212.89999999999998 m 519.5 212.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 167.89999999999998 m 371.5 167.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 153.89999999999998 m 371.5 153.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 151.89999999999998 m 371.5 151.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 167.89999999999998 m 445.5 167.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 153.89999999999998 m 445.5 153.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 151.89999999999998 m 445.5 151.89999999999998 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 217.35 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.35 217.58 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.35 217.58 Td (Q3 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.60 217.58 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 202.77 Td (Total Average PMC:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 187.77 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 187.57 Td (3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 187.57 Td (2,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 187.57 Td (26%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 172.77 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 172.57 Td (2,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 172.57 Td (1,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 172.57 Td (46%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 157.77 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.15 157.57 Td (5,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 157.57 Td (4,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 157.57 Td (33%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 128.20 Td (A) Tj ET Q q 0 0 0 rg BT 79.13 128.20 Td (verage PMC increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 181.45 128.20 Td (33%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 201.62 128.20 Td ( to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 215.67 128.20 Td (5.5 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 263.95 128.20 Td ( compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 324.12 128.20 Td (4.2 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 372.41 128.20 Td ( for the year ago quarter) Tj ET Q q 0 0 0 rg BT 477.94 128.20 Td (, driven ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 115.00 Td (primarily by growth at ) Tj ET Q q 0 0 0 rg BT 173.84 115.00 Td (T) Tj ET Q q 0 0 0 rg BT 180.17 115.00 Td (inder and strong contributions from Meetic, Pairs, and the acquisition of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 101.80 Td (PlentyOfFish.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 3 of 15) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 710.878564453125 m 143.19384765625 710.878564453125 l s q 0 0 0 rg BT 72.00 712.60 Td (Dating ) Tj ET Q q 0 0 0 rg BT 105.92 712.60 Td (ARPPU) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 675.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 675.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 675.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 675.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 675.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 675.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 645.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 645.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 645.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 645.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 645.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 645.10 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 675.1 m 371.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 675.1 m 445.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 675.1 m 519.5 675.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.35 679.78 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.35 679.78 Td (Q3 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.60 679.78 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 664.97 Td (Total Dating ARPPU:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 649.97 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 649.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 649.77 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 649.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 649.77 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 649.77 Td (\(8\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 100.00 634.97 Td (International) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 634.77 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 634.77 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 634.77 Td (\(8\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 619.97 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.15 619.77 Td (0.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 619.77 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 619.77 Td (\(8\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 590.40 Td (ARPPU was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.07 590.40 Td ($0.54) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 154.82 590.40 Td ( for the third quarter of 2016, compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 343.59 590.40 Td ($0.59) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.34 590.40 Td ( in the year ago quarter) Tj ET Q q 0 0 0 rg BT 469.60 590.40 Td (, due primarily ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 577.20 Td (to growth at ) Tj ET Q q 0 0 0 rg BT 127.71 577.20 Td (T) Tj ET Q q 0 0 0 rg BT 134.04 577.20 Td (inder and the acquisition of PlentyOfFish, both of which have lower price points than most ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 564.00 Td (of our other brands.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 72 537.078564453125 m 215.32763671875 537.078564453125 l s q 0 0 0 rg BT 72.00 538.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 123.03 538.80 Td (Costs ) Tj ET Q q 0 0 0 rg BT 151.44 538.80 Td (and ) Tj ET Q q 0 0 0 rg BT 171.93 538.80 Td (Expenses) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 74.00 492.30 170.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.00 492.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.00 492.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.00 492.30 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.00 492.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 366.00 492.30 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 492.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 492.30 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 492.30 4.00 -15.00 re f 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431 402.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 388.3 m 431 388.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 386.3 m 431 386.3 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 76.50 496.75 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.35 496.98 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.55 506.98 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 496.98 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.35 496.98 Td (Q3 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.55 506.98 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 496.98 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.60 496.98 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 482.17 Td (Cost of revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 481.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 481.97 Td (61,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 481.97 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 481.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 481.97 Td (47,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 481.97 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 481.97 Td (28%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 467.17 Td (Selling and marketing expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 466.97 Td (92,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 466.97 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 466.97 Td (89,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 466.97 Td (33%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.30 466.97 Td (3%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 452.17 Td (General and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 451.97 Td (39,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 451.97 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 451.97 Td (45,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 451.97 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 451.97 Td (\(14\)%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 437.17 Td (Product development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 436.97 Td (18,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 436.97 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 436.97 Td (16,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.30 436.97 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 436.97 Td (10%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 422.17 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 421.97 Td (8,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 421.97 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 421.97 Td (6,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.30 421.97 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 421.97 Td (31%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 82.50 407.17 Td (Amortization of intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.65 406.97 Td (4,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.30 406.97 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 406.97 Td (4,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.30 406.97 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 406.97 Td (13%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.50 392.17 Td (Total operating costs and expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.50 391.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 391.97 Td (224,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 391.97 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 391.97 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 391.97 Td (210,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.80 391.97 Td (78%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.30 391.97 Td (7%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 362.60 Td (Operating expenses were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 185.31 362.60 Td ($225 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 241.84 362.60 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 259.26 362.60 Td (71%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 279.42 362.60 Td ( of revenue, compared to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 391.82 362.60 Td ($21) Tj ET Q q 0 0 0 rg BT 407.91 362.60 Td (1 million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 447.94 362.60 Td (, or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 465.35 362.60 Td (78%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.52 362.60 Td ( of revenue, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 349.40 Td (for the prior year quarter as the product mix at Dating increasingly shifts towards brands with lower ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 336.20 Td (marketing spend. ) Tj ET Q q 0 0 0 rg BT 153.06 336.20 Td (The absolute increase in operating costs and expense is primarily driven by in-app ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 323.00 Td (purchase fees, increased employee costs primarily related to the growth of ) Tj ET Q q 0 0 0 rg BT 401.07 323.00 Td (T) Tj ET Q q 0 0 0 rg BT 407.40 323.00 Td (inder) Tj ET Q q 0 0 0 rg BT 429.56 323.00 Td (, and increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 309.80 Td (depreciation, partially of) Tj ET Q q 0 0 0 rg BT 180.23 309.80 Td (fset by income in the current year period of $5.1million from acquisition-related ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 296.60 Td (contingent consideration fair value adjustments compared to expense of $0.8million in the prior year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 283.40 Td (quarter and lower costs of $1.8 million compared to the prior year quarter related to the consolidation and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 270.20 Td (streamlining of our technology systems and European operations at our Dating business.) 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0.9333333333333333 1 rg /GS0 gs 371.50 645.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 645.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 645.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 645.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 615.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 615.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 615.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 615.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 615.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 615.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 585.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 585.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 585.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 585.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 585.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 585.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 555.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 555.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 555.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 555.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 555.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 555.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 91.50 525.10 210.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.50 525.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 525.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 525.10 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 525.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 525.10 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 675.1 m 371.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 675.1 m 445.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 675.1 m 519.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 675.1 m 371.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 675.1 m 445.5 675.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 645.1 m 371.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 645.1 m 445.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 645.1 m 371.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 631.1 m 371.5 631.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 629.1 m 371.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 645.1 m 445.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 631.1 m 445.5 631.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 629.1 m 445.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 629.1 m 371.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 631.1 m 371.5 631.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 629.1 m 445.5 629.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 631.1 m 445.5 631.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 555.1 m 371.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 555.1 m 371.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 541.1 m 371.5 541.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 539.1 m 371.5 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 555.1 m 445.5 555.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 541.1 m 445.5 541.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 539.1 m 445.5 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 539.1 m 371.5 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301.5 541.1 m 371.5 541.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 539.1 m 445.5 539.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 541.1 m 445.5 541.1 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 94.00 679.55 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.35 679.78 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.35 679.78 Td (Q3 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.60 679.78 Td (Change) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 664.97 Td (Dating operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 664.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 664.77 Td (90,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 664.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 664.77 Td (59,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 664.77 Td (54%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 649.97 Td (Non-dating operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 649.77 Td (816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 649.82 Td (\(715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 649.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 649.77 Td (NM) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 634.97 Td (Total Match Group operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 634.77 Td (91,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 634.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 634.77 Td (58,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 634.77 Td (57%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 619.97 Td (Dating operating income margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 619.77 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 619.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 619.77 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 619.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 619.77 Td (6.5 pts) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 604.97 Td (Total Match Group operating income margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 604.77 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 604.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 604.77 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 604.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 604.77 Td (7.3 pts) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 574.97 Td (Dating Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 574.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 574.77 Td (107,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 574.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 574.77 Td (80,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 574.77 Td (33%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 559.97 Td (Non-dating Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.15 559.77 Td (3,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 559.77 Td (2,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 559.77 Td (55%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 544.97 Td (Total Match Group Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.00 544.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 544.77 Td (110,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 544.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 544.77 Td (82,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 544.77 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 529.97 Td (Dating Adjusted EBITDA Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 529.77 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 529.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 529.77 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 529.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 529.77 Td (3.1 pts) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 94.00 514.97 Td (Total Match Group Adjusted EBITDA Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.65 514.77 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.65 514.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 514.77 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 514.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 514.77 Td (4.3 pts) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 486.60 Td (NM = Not meaningful) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 461.40 Td (Operating income increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 198.14 461.40 Td (57%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 218.30 461.40 Td ( and ) Tj ET Q q 0 0 0 rg BT 239.08 461.40 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 321.27 461.40 Td ( increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 368.30 461.40 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 388.46 461.40 Td ( over the prior year quarter as our ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 448.20 Td (revenue increased and a higher percentage of our revenue is coming from brands with lower marketing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 435.00 Td (spend. ) Tj ET Q q 0 0 0 rg BT 105.31 435.00 Td (Additionally) Tj ET Q q 0 0 0 rg BT 160.20 435.00 Td (, we incurred lower costs of $1.8 million in Q3 2016 compared to the prior year ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 421.80 Td (quarter related to the consolidation and streamlining of our technology systems and European operations ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 408.60 Td (at our Dating business and shifted to an operating profit at our Non-dating business in Q3 2016. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 395.40 Td (Operating income increased at a faster rate than ) Tj ET Q q 0 0 0 rg BT 283.95 395.40 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 366.14 395.40 Td ( as a result of income in the current ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 382.20 Td (year period of $5.1million from acquisition-related contingent consideration fair value adjustments ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 369.00 Td (compared to expense of $0.8million in the prior year quarter) Tj ET Q q 0 0 0 rg BT 339.89 369.00 Td (. Dating operating income mar) Tj ET Q q 0 0 0 rg BT 477.15 369.00 Td (gin increased ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 355.80 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 83.31 355.80 Td (32%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.47 355.80 Td ( from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.35 355.80 Td (25%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 150.51 355.80 Td ( in the prior year quarter and Dating ) Tj ET Q q 0 0 0 rg BT 311.18 355.80 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 393.37 355.80 Td ( mar) Tj ET Q q 0 0 0 rg BT 413.02 355.80 Td (gin increased to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 485.41 355.80 Td (37%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 505.58 355.80 Td ( from ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 342.60 Td (34%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 92.16 342.60 Td ( in the prior year quarter) Tj ET Q q 0 0 0 rg BT 198.76 342.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 317.40 Td (OTHER ITEMS) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 292.20 Td (The ef) Tj ET Q q 0 0 0 rg BT 100.20 292.20 Td (fective tax rates in Q3 2016 and Q3 2015 were 26% and 38%, respectively) Tj ET Q q 0 0 0 rg BT 428.16 292.20 Td (. In Q3 2016, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 279.00 Td (ef) Tj ET Q q 0 0 0 rg BT 80.35 279.00 Td (fective rate was lower than the statutory rate of 35% due primarily to foreign income taxed at lower ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 265.80 Td (rates and the non-taxable gain on contingent consideration fair value adjustments. ) Tj ET Q q 0 0 0 rg BT 436.83 265.80 Td (The ef) Tj ET Q q 0 0 0 rg BT 465.02 265.80 Td (fective tax rates ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 252.60 Td (for ) Tj ET Q q 0 0 0 rg BT 86.97 252.60 Td (Adjusted Net Income in Q3 2016 and Q3 2015 were 29% and 38%, respectively) Tj ET Q q 0 0 0 rg BT 439.39 252.60 Td (. ) Tj ET Q q 0 0 0 rg BT 447.44 252.60 Td (The Q3 2016 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 239.40 Td (ef) Tj ET Q q 0 0 0 rg BT 80.35 239.40 Td (fective tax rate for ) Tj ET Q q 0 0 0 rg BT 163.41 239.40 Td (Adjusted Net Income is lower than the prior year quarter primarily due to an increase ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 226.20 Td (in foreign income taxed at lower rates.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 72.00 201.00 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 128.42 201.00 Td ( ) Tj ET Q q 0 0 0 rg BT 130.77 201.00 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 188.53 201.00 Td (AL) Tj ET Q q 0 0 0 rg BT 202.17 201.00 Td ( RESOURCES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 175.80 Td (As of September 30, 2016, Match Group had 254.6 million common and class B common shares ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 162.60 Td (outstanding.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 137.40 Td (As of September 30, 2016, the Company had $231 million in cash and cash equivalents. ) Tj ET Q q 0 0 0 rg BT 461.82 137.40 Td (Additionally) Tj ET Q q 0 0 0 rg BT 516.72 137.40 Td (, the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 124.20 Td (Company had $1.2 billion of long-term debt. Match Group has a $500 million revolving credit facility) Tj ET Q q 0 0 0 rg BT 524.03 124.20 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 111.00 Td (The credit facility was undrawn as of September 30, 2016 and currently remains undrawn.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 5 of 15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (As of September 30, 2016, IAC) Tj ET Q q 0 0 0 rg BT 214.68 712.40 Td (s ownership interest and voting interest in Match Group were 82.8% and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (98.0%, respectively) Tj ET Q q 0 0 0 rg BT 158.34 699.20 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 674.00 Td (DILUTIVE SECURITIES) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 648.80 Td (Match Group has various tranches of dilutive securities. ) Tj ET Q q 0 0 0 rg BT 323.51 648.80 Td (The table below details these securities as well ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 635.60 Td (as potential dilution at various stock prices \(shares in millions; rounding dif) Tj ET Q q 0 0 0 rg BT 404.50 635.60 Td (ferences may occur\).) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 587.10 203.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 587.10 53.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 587.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 587.10 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 587.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 587.10 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 587.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 587.10 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 587.10 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 587.10 49.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 547.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 547.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 547.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 547.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 547.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 547.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 547.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 547.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 547.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 547.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 517.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 517.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 517.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 517.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 517.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 517.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 517.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 517.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 517.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 517.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 487.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 487.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 487.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 487.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 487.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 487.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 487.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 487.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 487.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 487.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 448.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 448.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 448.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 448.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 448.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 448.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 448.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 418.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 418.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 418.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 418.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 418.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 418.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 418.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 388.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 388.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 388.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 388.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 388.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 388.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 388.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 388.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 388.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 388.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 363.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 363.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 363.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 363.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 363.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 363.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 363.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 333.10 203.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 333.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 333.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.50 333.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 333.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 333.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 333.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 333.10 49.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 333.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 333.10 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 587.1 m 327.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 587.1 m 380.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 587.1 m 384.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 587.1 m 433.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 587.1 m 437.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 587.1 m 486.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 587.1 m 490.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 587.1 m 539.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 487.1 m 327.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 487.1 m 380.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 487.1 m 433.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 487.1 m 486.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 487.1 m 539.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 487.1 m 327.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 487.1 m 380.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 487.1 m 433.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 487.1 m 486.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 487.1 m 539.5 487.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 388.1 m 380.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 388.1 m 433.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 388.1 m 486.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 388.1 m 539.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 388.1 m 327.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 388.1 m 380.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 388.1 m 433.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 388.1 m 486.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 388.1 m 539.5 388.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 363.1 m 327.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 363.1 m 380.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 363.1 m 433.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 363.1 m 486.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 363.1 m 539.5 363.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 319.1 m 327.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 317.1 m 327.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 319.1 m 380.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 317.1 m 380.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 319.1 m 433.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 317.1 m 433.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 319.1 m 486.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 317.1 m 486.5 317.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 319.1 m 539.5 319.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 317.1 m 539.5 317.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 601.77 Td (As of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.70 591.77 Td (10/28/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 591.77 Td (Dilution at:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.72 Td (Share Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.50 574.83 Td ($18.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 574.83 Td ($19.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.50 574.83 Td ($20.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 574.83 Td ($21.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.50 574.83 Td ($22.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 554.72 Td (Absolute Shares as of 10/28/2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 554.83 Td (254.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.00 554.83 Td (254.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 554.83 Td (254.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.00 554.83 Td (254.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 554.83 Td (254.6) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 74 535.21259765625 m 191.529296875 535.21259765625 l s q 0 0 0 rg BT 74.00 536.78 Td (Vested Options and Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 521.77 Td (Subsidiary Equity Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 521.77 Td (7.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 521.77 Td (7.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 521.77 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 521.77 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 521.77 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 506.77 Td (Match Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 506.77 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 506.77 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 506.77 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 506.77 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 506.77 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 491.77 Td (IAC Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 491.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 491.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 491.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 491.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 491.77 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 476.78 Td (Total Dilution - Vested Options and Awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 476.78 Td (10.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 476.78 Td (10.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 476.78 Td (10.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 476.78 Td (9.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 476.78 Td (9.6) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 74 451.21259765625 m 203.0087890625 451.21259765625 l s q 0 0 0 rg BT 74.00 452.78 Td (Unvested Options and Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 437.77 Td (Subsidiary Equity Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 437.77 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 437.77 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 437.77 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 437.77 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 437.77 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 422.77 Td (Match Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 422.77 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 422.77 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 422.77 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 422.77 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 422.77 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 407.77 Td (Match RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 407.77 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 407.77 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 407.77 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 407.77 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 407.77 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 392.77 Td (IAC Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 392.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 392.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 392.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 392.77 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 392.77 Td (0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 377.78 Td (Total Dilution - Unvested Options and Awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 377.78 Td (8.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.00 377.78 Td (8.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 377.78 Td (9.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 377.78 Td (9.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 377.78 Td (9.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 352.78 Td (Total Dilution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.00 352.78 Td (19.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 352.78 Td (19.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.00 352.78 Td (19.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.00 352.78 Td (19.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 352.78 Td (19.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.00 337.56 Td (% Dilution) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 337.56 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 337.56 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.25 337.56 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 337.56 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.25 337.56 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.50 337.56 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 337.56 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 337.56 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 337.56 Td (7.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.50 337.56 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 322.78 Td (Total Diluted Shares Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 322.78 Td (273.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.00 322.78 Td (273.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 322.78 Td (273.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.00 322.78 Td (273.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 322.78 Td (273.7) Tj ET Q BT /F1 10.00 Tf ET BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 293.40 Td (The dilution calculation above assumes that all exercise proceeds from Match Group options, and all ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 280.20 Td (expected tax benefits associated with the vesting and exercise of all awards, are used to purchase Match ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 267.00 Td (Group shares at the time of such vesting or exercise \(as the case may be\), whether or not such repurchases ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 253.80 Td (actually occur) Tj ET Q q 0 0 0 rg BT 133.39 253.80 Td (. ) Tj ET Q q 0 0 0 rg BT 141.44 253.80 Td (This methodology dif) Tj ET Q q 0 0 0 rg BT 236.56 253.80 Td (fers from the treasury stock method used for GAAP) Tj ET Q q 0 0 0 rg BT 464.05 253.80 Td ( because it: \(i\) ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 240.60 Td (excludes from the assumed proceeds the impact of future non-cash compensation of all unvested stock-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 227.40 Td (based awards; \(ii\) includes in assumed proceeds the entire estimated tax benefit received upon the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 214.20 Td (exercise of options or the vesting of restricted and performance-based stock awards rather than only the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 201.00 Td (excess tax benefit; and \(iii\) includes the shares related to performance- and market-based awards that are ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 187.80 Td (considered probable of vesting, if dilutive. ) Tj ET Q q 0 0 0 rg BT 263.95 187.80 Td (This reflects the way the Company) Tj ET Q q 0 0 0 rg BT 420.65 187.80 Td (s management generally ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 174.60 Td (thinks about dilution and we believe it is the best reflection of the true economic costs of our equity ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 161.40 Td (compensation programs.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 136.20 Td (The Subsidiary Equity Plans line item includes stock options, stock appreciation rights and warrants ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 123.00 Td (denominated in the equity of ) Tj ET Q q 0 0 0 rg BT 201.02 123.00 Td (T) Tj ET Q q 0 0 0 rg BT 207.35 123.00 Td (inder and ) Tj ET Q q 0 0 0 rg BT 251.14 123.00 Td (The Princeton Review) Tj ET Q q 0 0 0 rg BT 348.78 123.00 Td (. ) Tj ET Q q 0 0 0 rg BT 356.83 123.00 Td (These awards will ultimately be settled ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 109.80 Td (by granting shares of our common stock to the holders of the awards equal in value at the time of exercise ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 96.60 Td (to the spread on the awards, net of withholding taxes which will be paid in cash by Match Group at the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 83.40 Td (time of settlement. ) Tj ET Q q 0 0 0 rg BT 159.47 83.40 Td (The IAC equity awards represent options, restricted stock units, and performance-) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 6 of 15) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 712.40 Td (based stock units denominated in the shares of IAC which were issued to employees of Match Group ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 699.20 Td (prior to our public of) Tj ET Q q 0 0 0 rg BT 164.06 699.20 Td (fering. ) Tj ET Q q 0 0 0 rg BT 198.38 699.20 Td (When exercised, IAC will settle the awards with shares of IAC and Match ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 686.00 Td (Group will issue additional shares to IAC as consideration. ) Tj ET Q q 0 0 0 rg BT 336.67 686.00 Td (The number of common shares reflected in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (the dilution table above reflects the current market price of IAC and our estimates of the fair value of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (T) Tj ET Q q 0 0 0 rg BT 78.33 659.60 Td (inder and ) Tj ET Q q 0 0 0 rg BT 122.12 659.60 Td (The Princeton Review) Tj ET Q q 0 0 0 rg BT 219.76 659.60 Td (, each at various market prices of our common stock. ) Tj ET Q q 0 0 0 rg BT 458.13 659.60 Td (The number of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (shares of our common stock ultimately required to settle these awards will fluctuate from the number of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 633.20 Td (shares reflected in the table above based upon changes in our stock price, changes in IAC) Tj ET Q q 0 0 0 rg BT 468.47 633.20 Td (s stock price, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (and any dif) Tj ET Q q 0 0 0 rg BT 121.29 620.00 Td (ferences between the estimates of fair value of ) Tj ET Q q 0 0 0 rg BT 328.15 620.00 Td (T) Tj ET Q q 0 0 0 rg BT 334.49 620.00 Td (inder and ) Tj ET Q q 0 0 0 rg BT 378.27 620.00 Td (The Princeton Review used to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 606.80 Td (compute dilution in the table above and the ultimate fair values of these businesses determined in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 593.60 Td (connection with any future liquidity events related to the associated equity awards.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 568.40 Td (CONFERENCE CALL) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 543.20 Td (Match Group will audiocast a conference call to answer questions regarding its third quarter financial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 530.00 Td (results on ) Tj ET Q q 0 0 0 rg BT 117.02 530.00 Td (W) Tj ET Q q 0 0 0 rg BT 126.52 530.00 Td (ednesday) Tj ET Q q 0 0 0 rg BT 166.74 530.00 Td (, November 2, 2016 at 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 347.38 530.00 Td (T) Tj ET Q q 0 0 0 rg BT 353.71 530.00 Td (ime. ) Tj ET Q q 0 0 0 rg BT 375.51 530.00 Td (This call will include the disclosure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 516.80 Td (of certain information, including forward-looking information, which may be material to an investor) Tj ET Q q 0 0 0 rg BT 514.12 516.80 Td () Tj ET Q q 0 0 0 rg BT 517.17 516.80 Td (s ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 503.60 Td (understanding of Match Group) Tj ET Q q 0 0 0 rg BT 211.00 503.60 Td (s business. ) Tj ET Q q 0 0 0 rg BT 260.61 503.60 Td (The live audiocast will be open to the public at, and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 72.00 490.40 Td (investor) Tj ET Q q 0 0 0 rg BT 107.85 490.40 Td () Tj ET Q q 0 0 0 rg BT 110.90 490.40 Td (s presentation reviewing the results has been posted on, http://ir) Tj ET Q q 0 0 0 rg BT 390.12 490.40 Td (.mtch.com.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 7 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 102.56 712.60 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 167.04 712.60 Td ( ST) Tj ET Q q 0 0 0 rg BT 182.42 712.60 Td (A) Tj ET Q q 0 0 0 rg BT 189.55 712.60 Td (TEMENTS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 687.40 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 687.40 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 155.21 687.40 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.77 687.40 Td (TED ) Tj ET Q q 0 0 0 rg BT 248.53 687.40 Td (AND COMBINED ST) Tj ET Q q 0 0 0 rg BT 352.22 687.40 Td (A) Tj ET Q q 0 0 0 rg BT 359.35 687.40 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 406.82 687.40 Td ( OF) Tj ET Q q 0 0 0 rg BT 424.44 687.40 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 464.87 687.40 Td (TIONS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 629.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 629.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 629.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 629.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 629.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 629.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 629.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 629.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 599.90 208.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 599.90 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 599.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 599.90 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 599.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 599.90 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 599.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 599.90 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 559.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 559.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 559.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 559.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 559.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 559.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 559.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 559.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 529.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 529.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 529.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 529.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 529.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 529.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 529.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 529.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 499.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 499.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 499.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 499.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 499.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 499.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 469.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 469.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 469.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 469.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 469.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 469.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 469.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 469.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 439.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 439.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 439.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 439.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 439.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 439.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 439.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 439.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 409.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 409.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 409.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 409.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 409.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 409.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 409.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 409.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 379.90 208.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 379.90 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 379.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 379.90 63.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 379.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 379.90 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 379.90 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 379.90 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 329.90 208.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 329.90 63.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 329.90 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 329.90 63.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 329.90 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 329.90 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 329.90 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 329.90 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 294.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 294.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 294.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 294.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 294.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 294.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 294.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 294.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 264.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 264.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 264.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 264.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 264.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 264.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 264.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 264.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 234.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 234.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 234.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 234.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 234.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 234.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 234.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 234.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 204.90 208.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 204.90 63.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 204.90 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 204.90 63.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 204.90 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 204.90 61.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 204.90 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 204.90 61.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 167.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 167.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 167.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 167.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 167.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 167.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 167.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 167.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 137.90 208.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 137.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 137.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 137.90 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 137.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 137.90 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 137.90 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 137.90 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 656.9 m 342.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 656.9 m 346.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 656.9 m 409.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 656.9 m 474.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 643.9 m 342.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 643.9 m 409.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 656.9 m 474.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 643.9 m 474.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 656.9 m 478.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 656.9 m 539.5 656.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 643.9 m 539.5 643.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 499.9 m 342.5 499.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 484.9 m 342.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 499.9 m 409.5 499.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 484.9 m 409.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 499.9 m 474.5 499.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 499.9 m 539.5 499.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 484.9 m 539.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 484.9 m 342.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 484.9 m 409.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 484.9 m 474.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 484.9 m 539.5 484.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 424.9 m 342.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 424.9 m 409.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 424.9 m 474.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 424.9 m 539.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 424.9 m 342.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 424.9 m 409.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 424.9 m 474.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 424.9 m 539.5 424.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 394.9 m 342.5 394.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 394.9 m 409.5 394.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 394.9 m 474.5 394.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 394.9 m 539.5 394.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 354.9 m 342.5 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 330.9 m 342.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 328.9 m 342.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 354.9 m 409.5 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 330.9 m 409.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 328.9 m 409.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 354.9 m 474.5 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 354.9 m 539.5 354.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 328.9 m 342.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 330.9 m 342.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 328.9 m 409.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 330.9 m 409.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 328.9 m 474.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 330.9 m 474.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 328.9 m 539.5 328.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 330.9 m 539.5 330.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 122.89999999999998 m 342.5 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 108.89999999999998 m 342.5 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 106.89999999999998 m 342.5 106.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 122.89999999999998 m 409.5 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 108.89999999999998 m 409.5 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 106.89999999999998 m 409.5 106.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 122.89999999999998 m 474.5 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 108.89999999999998 m 474.5 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 106.89999999999998 m 474.5 106.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 122.89999999999998 m 539.5 122.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 108.89999999999998 m 539.5 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 106.89999999999998 m 539.5 106.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 661.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.25 661.13 Td (Three Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 661.13 Td (Nine Months Ended September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 647.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.50 648.13 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.50 648.13 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 648.13 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 648.13 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 634.58 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.80 634.13 Td (\(In thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 619.57 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 619.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 619.57 Td (316,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 619.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 619.57 Td (268,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 619.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 619.57 Td (902,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 619.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 619.57 Td (752,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 604.57 Td (Operating costs and expenses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.57 Td (Cost of revenue \(exclusive of depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 579.57 Td (shown separately below\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 579.57 Td (61,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 579.57 Td (47,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 579.57 Td (171,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 579.57 Td (131,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 564.57 Td (Selling and marketing expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 564.57 Td (92,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 564.57 Td (89,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 564.57 Td (294,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 564.57 Td (289,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 549.57 Td (General and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 549.57 Td (39,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 549.57 Td (45,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 549.57 Td (138,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 549.57 Td (121,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 534.57 Td (Product development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 534.57 Td (18,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 534.57 Td (16,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 534.57 Td (62,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 534.57 Td (50,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 519.57 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 519.57 Td (8,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 519.57 Td (6,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 519.57 Td (22,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 519.57 Td (19,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 504.57 Td (Amortization of intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 504.57 Td (4,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 504.57 Td (4,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 504.57 Td (19,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 504.57 Td (14,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 489.57 Td (Total operating costs and expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 489.57 Td (224,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 489.57 Td (210,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 489.57 Td (708,239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 489.57 Td (626,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 474.57 Td (Operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 474.57 Td (91,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 474.57 Td (58,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 474.57 Td (194,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 474.57 Td (125,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 459.57 Td (Interest expensethird party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.80 459.62 Td (\(20,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 459.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 459.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 459.62 Td (\(61,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 459.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 459.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 444.57 Td (Interest expenserelated party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.65 444.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 444.62 Td (\(2,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 444.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 444.57 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 444.62 Td (\(6,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 444.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 429.57 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 429.57 Td (6,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 429.57 Td (1,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 429.57 Td (4,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 429.57 Td (8,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 414.57 Td (Earnings before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 414.57 Td (77,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 414.57 Td (57,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 414.57 Td (137,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 414.57 Td (127,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 399.57 Td (Income tax provision) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.80 399.62 Td (\(20,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 399.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 399.62 Td (\(22,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 399.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 399.62 Td (\(39,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 399.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 399.62 Td (\(42,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 399.57 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 384.58 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 384.57 Td (56,704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 384.57 Td (35,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 384.57 Td (98,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 384.57 Td (84,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 369.57 Td (Net \(earnings\) loss attributable to noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 359.57 Td (interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.30 359.62 Td (\(294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 359.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 359.62 Td (\(178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 359.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.30 359.62 Td (\(384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 359.57 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 359.57 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 344.58 Td (Net earnings attributable to Match Group, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 334.58 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 334.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 334.57 Td (56,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 334.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 334.57 Td (35,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 334.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 334.57 Td (97,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 334.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 334.57 Td (84,790) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 309.58 Td (Net earnings per share attributable to Match) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 299.58 Td (Group, Inc. shareholders:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 284.57 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 284.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 284.57 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 284.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 284.57 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 284.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 284.57 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 284.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 284.57 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 269.57 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 269.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 269.57 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 269.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 269.57 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 269.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 269.57 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 269.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 269.57 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 239.57 Td (Basic shares 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Td (378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 172.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 172.57 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 172.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 172.57 Td (1,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 172.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 172.57 Td (342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 157.57 Td (Selling and marketing expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.65 157.57 Td (873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 157.57 Td (1,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.15 157.57 Td (2,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 157.57 Td (4,883) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 142.57 Td (General and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 142.57 Td (7,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 142.57 Td (10,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 142.57 Td (26,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 142.57 Td (22,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 127.57 Td (Product development expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.15 127.57 Td (2,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 127.57 Td (1,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 127.57 Td (11,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 127.57 Td (3,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 112.57 Td (Total stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 112.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.15 112.57 Td (11,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 112.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 112.57 Td (13,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 112.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 112.57 Td (41,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 112.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 112.57 Td (30,982) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 8 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 712.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 155.21 712.60 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.77 712.60 Td (TED BALANCE SHEET) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 671.10 316.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 671.10 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 671.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 671.10 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 642.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 642.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 642.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 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73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 432.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 432.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 402.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 402.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 402.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 402.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 372.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 372.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 372.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 464.50 372.10 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 342.10 316.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 342.10 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 342.10 4.00 -15.00 re 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ET q 0 0 0 rg BT 429.15 616.77 Td (67,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 616.77 Td (65,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 601.77 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 601.77 Td (67,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 601.77 Td (39,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.77 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 586.77 Td (366,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 586.77 Td (204,695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 571.77 Td (Property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 571.77 Td (67,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 571.77 Td (48,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 556.77 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 556.77 Td (1,311,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 556.77 Td (1,292,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 541.77 Td (Intangible assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 541.77 Td (261,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 541.77 Td (276,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 526.77 Td (Long-term investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 526.77 Td (55,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 526.77 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 511.77 Td (Other non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 511.77 Td (29,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 511.77 Td (31,878) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 496.78 Td (TOTAL ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 496.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 496.77 Td (2,091,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 496.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 496.77 Td (1,909,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.30 466.78 Td (LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 466.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 466.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 451.78 Td (LIABILITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 451.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 436.77 Td (Current maturities of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 436.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 436.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 436.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 436.77 Td (40,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 421.77 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 421.77 Td (20,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 421.77 Td (25,767) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 406.77 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 406.77 Td (196,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 406.77 Td (169,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 391.77 Td (Accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 391.77 Td (145,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 391.77 Td (118,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 376.77 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 376.77 Td (362,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 376.77 Td (353,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 361.77 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 361.77 Td (1,215,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 361.77 Td (1,176,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 346.77 Td (Income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 346.77 Td (8,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 346.77 Td (9,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 331.77 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 331.77 Td (35,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 331.77 Td (34,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 316.77 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 316.77 Td (18,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 316.77 Td (49,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 289.77 Td (Redeemable noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 289.77 Td (5,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 289.77 Td (5,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 262.77 Td (Commitments and contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 235.78 Td (SHAREHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 235.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 220.77 Td (Total Match Group, Inc. shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 220.77 Td (446,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 220.77 Td (278,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 205.78 Td (TOTAL LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 205.77 Td (2,091,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.00 205.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 205.77 Td (1,909,392) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.70 748.60 Td (Page 9 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (MA) Tj ET Q q 0 0 0 rg BT 89.51 712.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 155.21 712.60 Td ( CONSOLIDA) Tj ET Q q 0 0 0 rg BT 223.77 712.60 Td (TED ) Tj ET Q q 0 0 0 rg BT 248.53 712.60 Td (AND COMBINED ST) Tj ET Q q 0 0 0 rg BT 352.22 712.60 Td (A) Tj ET Q q 0 0 0 rg BT 359.35 712.60 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 406.82 712.60 Td ( OF) Tj ET Q q 0 0 0 rg BT 424.44 712.60 Td ( CASH FLOWS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 657.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 657.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 657.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 657.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 629.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 629.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 629.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 629.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 601.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 601.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 601.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 601.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 573.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 573.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 573.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 573.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 545.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 545.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 545.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 545.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 517.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 517.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 517.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 517.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 489.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 489.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 489.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 489.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 461.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 461.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 461.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 461.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 433.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 433.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 433.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 433.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 405.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 405.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 405.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 405.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 377.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 377.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 377.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 377.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 349.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 349.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 349.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 349.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 321.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 321.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 321.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 321.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 293.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 293.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 293.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 293.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 265.10 336.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 265.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 265.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 265.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 227.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 227.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 227.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 227.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 199.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 199.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 199.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 199.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 171.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 171.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 171.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 171.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 143.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 143.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 143.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 143.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 115.10 336.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 115.10 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 115.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 115.10 64.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 683.1 m 471.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 683.1 m 475.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 683.1 m 539.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 683.1 m 471.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 670.1 m 471.5 670.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 683.1 m 475.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 683.1 m 539.5 683.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 670.1 m 539.5 670.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 433.1 m 471.5 433.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 433.1 m 539.5 433.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 433.1 m 471.5 433.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 419.1 m 471.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 433.1 m 539.5 433.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 419.1 m 539.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 419.1 m 471.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 419.1 m 539.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 335.1 m 471.5 335.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 321.1 m 471.5 321.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 335.1 m 539.5 335.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 321.1 m 539.5 321.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 321.1 m 471.5 321.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 321.1 m 539.5 321.1 l s 0 0 0 RG 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102.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 100.10000000000002 m 471.5 100.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 115.10000000000002 m 539.5 115.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 102.10000000000002 m 539.5 102.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 100.10000000000002 m 539.5 100.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 686.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.40 687.33 Td (Nine Months Ended September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 673.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.00 674.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.00 674.33 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 660.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.20 661.33 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 647.78 Td (Cash flows from operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 647.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 647.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 633.78 Td (Net earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 633.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 633.67 Td (98,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 633.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 633.67 Td (84,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 619.67 Td (Adjustments to reconcile net earnings to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 605.67 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 605.67 Td (41,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 605.67 Td (30,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 591.67 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 591.67 Td (22,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 591.67 Td (19,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.67 Td (Amortization of intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 577.67 Td (19,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 577.67 Td (14,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 563.67 Td (Excess tax benefits from stock-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 563.72 Td (\(25,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 563.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 563.72 Td (\(31,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 563.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 549.67 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 549.72 Td (\(1,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 549.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 549.72 Td (\(8,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 549.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 535.67 Td (Acquisition-related contingent consideration fair value adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 535.72 Td (\(2,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 535.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 535.72 Td (\(11,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 535.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.67 Td (Other adjustments, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 521.72 Td (\(1,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 521.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 521.72 Td (\(11,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 521.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 507.67 Td (Changes in assets and liabilities, excluding effects of acquisitions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 493.67 Td (Accounts receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 493.67 Td (282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 493.72 Td (\(25,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 493.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 479.67 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 479.72 Td (\(10,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 479.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 479.72 Td (\(7,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 479.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 465.67 Td (Accounts payable and accrued expenses and other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 465.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 465.67 Td (20,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 451.67 Td (Income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 451.67 Td (2,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 451.67 Td (26,993) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 437.67 Td (Deferred revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 437.67 Td (26,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 437.67 Td (23,997) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 423.78 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 423.67 Td (168,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 423.67 Td (126,241) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 409.78 Td (Cash flows from investing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 409.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 409.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 395.67 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 395.72 Td (\(2,303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 395.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 395.72 Td (\(40,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 395.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 381.67 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 381.72 Td (\(39,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 381.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 381.72 Td (\(19,916) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 381.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 367.67 Td (Proceeds from the sale of a marketable security) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 367.67 Td (11,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 367.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 353.67 Td (Purchase of investment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 353.72 Td (\(500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 353.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 353.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 339.67 Td (Other, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 339.67 Td (5,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 339.72 Td (\(8,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 339.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 325.78 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 325.72 Td (\(25,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 325.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 325.72 Td (\(69,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 325.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 311.78 Td (Cash flows from financing activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 311.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 311.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 297.67 Td (Proceeds from bond of) Tj ET Q q 0 0 0 rg BT 177.19 297.67 Td (fering) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 297.67 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 297.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.67 Td (Principal payments on long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.80 283.72 Td (\(410,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 283.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 283.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 269.67 Td (Debt issuance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 269.72 Td (\(5,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 269.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 269.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 255.67 Td (Issuance of common stock pursuant to stock-based awards, net of withholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 245.67 Td (taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 245.77 Td (467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 245.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 231.67 Td (Excess tax benefits from stock-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 231.67 Td (25,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 231.67 Td (31,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 217.67 Td (Transfers from IAC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 217.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 217.67 Td (75,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 203.67 Td (Purchase of noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 203.72 Td (\(1,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 203.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.30 203.72 Td (\(557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 203.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 189.67 Td (Acquisition-related contingent consideration payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 189.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 189.72 Td (\(5,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 189.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 175.67 Td (Other, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.80 175.72 Td (\(12,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 175.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 175.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 161.78 Td (Net cash \(used in\) provided by financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 161.72 Td (\(1,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 161.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 161.67 Td (101,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 147.67 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 147.67 Td (1,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.80 147.72 Td (\(3,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 147.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 133.78 Td (Net increase in cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 133.67 Td (142,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 133.67 Td (154,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 119.67 Td (Cash and cash equivalents at beginning of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.15 119.67 Td (88,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 119.67 Td (127,630) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 105.78 Td (Cash and cash equivalents at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 105.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 105.67 Td (231,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 105.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 105.67 Td (282,543) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 748.60 Td (Page 10 of 15) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 712.60 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 142.69 712.60 Td (TIONS OF) Tj ET Q q 0 0 0 rg BT 194.55 712.60 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 227.85 712.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.40 712.60 Td (T) Tj ET Q q 0 0 0 rg BT 237.54 712.60 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 307.51 712.60 Td ( MEASURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 676.60 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 676.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 676.60 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 676.60 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 676.60 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 292.75 676.60 Td (TING CASH FLOW) Tj ET Q q 0 0 0 rg BT 381.47 676.60 Td ( ) Tj ET Q q 0 0 0 rg BT 383.79 676.60 Td (T) Tj ET Q q 0 0 0 rg BT 390.28 676.60 Td (O FREE CASH FLOW) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 630.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 630.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 630.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 630.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 600.10 310.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.50 600.10 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 600.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 600.10 77.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 645.1 m 458.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 645.1 m 462.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 645.1 m 539.5 645.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 630.1 m 458.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 630.1 m 539.5 630.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 600.1 m 458.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 586.1 m 458.5 586.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 584.1 m 458.5 584.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 600.1 m 539.5 600.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 586.1 m 539.5 586.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 584.1 m 539.5 584.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.50 649.78 Td (Nine Months Ended September 30,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 634.55 Td (\(In millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.50 634.78 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.50 634.78 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 619.78 Td (Net cash provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 619.77 Td (168.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 619.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 619.77 Td (126.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 604.77 Td (Capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.80 604.82 Td (\(39.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.65 604.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 604.82 Td (\(19.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 604.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 589.77 Td (Free Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.00 589.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 589.77 Td (129.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 589.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 589.77 Td (106.3) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 549.60 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 549.60 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 549.60 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 549.60 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 549.60 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 286.27 549.60 Td ( EPS ) Tj ET Q q 0 0 0 rg BT 309.43 549.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.92 549.60 Td (O ) Tj ET Q q 0 0 0 rg BT 325.64 549.60 Td (ADJUSTED EPS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 503.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 503.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 503.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 503.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 503.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 503.10 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 503.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 503.10 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 464.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 464.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 464.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 464.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 464.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 464.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 464.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 464.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 424.10 206.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 424.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 424.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 424.10 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 424.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 424.10 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 424.10 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 424.10 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 385.10 206.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 385.10 64.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 385.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 385.10 64.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 385.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 385.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 385.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 385.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 351.10 206.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 351.10 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 351.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 351.10 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 351.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 351.10 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 351.10 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 351.10 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 302.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 302.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 302.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 302.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 302.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 302.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 302.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 302.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 263.10 206.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 263.10 64.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 263.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 263.10 64.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 263.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 263.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 263.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 263.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 238.10 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 238.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 238.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 238.10 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 238.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 238.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 238.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 238.10 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 518.1 m 341.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 518.1 m 345.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 518.1 m 409.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 518.1 m 474.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 503.1 m 341.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 503.1 m 409.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 518.1 m 474.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 503.1 m 474.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 518.1 m 478.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 518.1 m 539.5 518.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 503.1 m 539.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 503.1 m 341.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 503.1 m 409.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 503.1 m 474.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 503.1 m 539.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 400.1 m 341.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 386.1 m 341.5 386.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 384.1 m 341.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 400.1 m 409.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 386.1 m 409.5 386.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 384.1 m 409.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 400.1 m 474.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 386.1 m 474.5 386.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 384.1 m 474.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 400.1 m 539.5 400.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 386.1 m 539.5 386.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 384.1 m 539.5 384.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 326.1 m 341.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 326.1 m 409.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 326.1 m 474.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 326.1 m 539.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 326.1 m 409.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 326.1 m 474.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 326.1 m 539.5 326.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 287.1 m 409.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 287.1 m 474.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 287.1 m 539.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 287.1 m 341.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 264.1 m 341.5 264.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 262.1 m 341.5 262.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 287.1 m 409.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 264.1 m 409.5 264.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 262.1 m 409.5 262.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 287.1 m 474.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 264.1 m 474.5 264.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 262.1 m 474.5 262.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 287.1 m 539.5 287.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 264.1 m 539.5 264.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 262.1 m 539.5 262.1 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.25 522.33 Td (Three Months Ended September 30,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.40 522.33 Td (Nine Months Ended September 30,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 507.55 Td (\(In thousands, except per share data\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.00 507.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.00 507.33 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 507.33 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.50 507.33 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 493.78 Td (Net earnings attributable to Match Group,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 483.78 Td (Inc. shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 483.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 483.77 Td (56,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 483.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 483.77 Td (35,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 483.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 483.77 Td (97,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 483.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 483.77 Td (84,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 468.77 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 468.77 Td (11,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 468.77 Td (13,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 468.77 Td (41,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 468.77 Td (30,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 453.77 Td (Amortization of intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.15 453.77 Td (4,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 453.77 Td (4,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 453.77 Td (19,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 453.77 Td (14,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 438.77 Td (Acquisition-related contingent consideration fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 428.77 Td (value adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.80 428.82 Td (\(5,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 428.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 428.77 Td (755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.80 428.82 Td (\(2,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 428.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 428.82 Td (\(11,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 428.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 414.67 Td (Impact of income taxes and noncontrolling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 404.67 Td (interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.80 404.82 Td (\(5,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 404.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 404.82 Td (\(6,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 404.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.80 404.82 Td (\(18,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 404.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.80 404.82 Td (\(16,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 404.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 389.78 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 389.77 Td (62,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 389.77 Td (46,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 389.77 Td (136,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 389.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 389.77 Td (101,763) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 365.78 Td (GAAP Basic weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 355.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 355.77 Td (253,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 355.77 Td (168,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 355.77 Td (250,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 355.77 Td (163,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 340.77 Td (Subsidiary denominated equity, stock options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 330.77 Td (and RSUs, treasury method) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.15 330.77 Td (16,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 330.77 Td (8,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 330.77 Td (18,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 330.77 Td (8,449) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 316.78 Td (GAAP Diluted weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 306.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 306.77 Td (270,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 306.77 Td (176,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 306.77 Td (268,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 306.77 Td (172,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 291.77 Td (Impact of RSUs and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 291.77 Td (991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.65 291.77 Td (186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.65 291.77 Td (773) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 291.77 Td (141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 277.78 Td (Adjusted EPS weighted average shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.00 267.78 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.15 267.77 Td (271,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 267.77 Td (176,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 267.77 Td (269,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 267.77 Td (172,323) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 242.78 Td (GAAP Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 242.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 242.77 Td (0.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 242.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 242.77 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 242.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 242.77 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 242.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 242.77 Td (0.49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 227.78 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.00 227.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 227.77 Td (0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 227.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 227.77 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 227.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 227.77 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 227.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 227.77 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 199.60 Td (For ) Tj ET Q q 0 0 0 rg BT 87.84 199.60 Td (Adjusted EPS purposes, the impact of RSUs on shares outstanding is based on the weighted average number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 187.60 Td (RSUs outstanding, including performance-based RSUs outstanding that the Company believes are probable of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 175.60 Td (vesting. For GAAP) Tj ET Q q 0 0 0 rg BT 151.63 175.60 Td ( diluted EPS purposes, RSUs, including performance-based RSUs for which the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 163.60 Td (criteria have been met, are included on a treasury method basis.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.10 748.60 Td (Page 1) Tj ET Q q 0 0 0 rg BT 533.67 748.60 Td (1 of 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 713.25 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 713.25 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 713.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 713.25 Td ( SEGMENT) Tj ET Q q 0 0 0 rg BT 308.32 713.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 338.60 713.25 Td ( MEASURE ) Tj ET Q q 0 0 0 rg BT 393.42 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.91 713.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 463.52 713.25 Td ( MEASURE) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 607.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 607.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 577.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 577.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 577.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 577.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 577.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 577.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 577.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 681.75 m 209.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 681.75 m 213.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 681.75 m 275.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 681.75 m 279.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 681.75 m 341.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 681.75 m 345.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 681.75 m 407.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 681.75 m 411.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 681.75 m 473.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 681.75 m 477.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 681.75 m 539.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 622.75 m 209.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 622.75 m 275.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 622.75 m 341.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 622.75 m 407.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 622.75 m 473.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 622.75 m 539.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 577.75 m 209.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 577.75 m 209.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 563.75 m 209.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 561.75 m 209.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 577.75 m 275.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 563.75 m 275.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 561.75 m 275.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 577.75 m 341.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 563.75 m 341.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 561.75 m 341.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 577.75 m 407.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 563.75 m 407.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 561.75 m 407.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 577.75 m 473.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 563.75 m 473.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 561.75 m 473.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 577.75 m 539.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 563.75 m 539.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 561.75 m 539.5 561.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 686.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 686.20 Td (Three Months Ended September 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 627.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.25 636.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 163.75 627.20 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.70 636.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.45 627.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.30 627.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.25 636.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.60 627.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.45 672.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.55 663.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.45 654.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.70 645.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.95 636.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.20 627.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.45 636.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.95 627.20 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 612.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 611.98 Td (\(Inmillions, rounding differences may occur\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 597.42 Td (Dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.15 597.42 Td (90.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 597.42 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 597.42 Td (7.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 597.42 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 597.47 Td (\(5.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 597.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 597.42 Td (107.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 582.42 Td (Non-dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.15 582.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 582.42 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 582.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 582.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 582.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 582.42 Td (3.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 567.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.15 567.42 Td (91.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 567.42 Td (11.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 567.42 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 567.42 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 567.47 Td (\(5.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 567.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 567.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 567.42 Td (110.7) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 451.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 451.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 451.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 451.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 451.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 451.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 451.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 421.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 421.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 421.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 421.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 525.75 m 209.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 525.75 m 213.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 525.75 m 275.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 525.75 m 279.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 525.75 m 341.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 525.75 m 345.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 525.75 m 407.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 525.75 m 411.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 525.75 m 473.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 525.75 m 477.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 525.75 m 539.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 525.75 m 209.5 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 466.75 m 209.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 466.75 m 275.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 466.75 m 341.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 466.75 m 407.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 466.75 m 473.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 466.75 m 539.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 421.75 m 209.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 407.75 m 209.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 405.75 m 209.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 421.75 m 275.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 407.75 m 275.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 405.75 m 275.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 421.75 m 341.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 407.75 m 341.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 405.75 m 341.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 421.75 m 407.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 407.75 m 407.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 405.75 m 407.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 421.75 m 473.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 407.75 m 473.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 405.75 m 473.5 405.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 421.75 m 539.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 407.75 m 539.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 405.75 m 539.5 405.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 530.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.40 530.20 Td (Three Months Ended September 30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 471.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.25 480.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.85 471.20 Td (Income \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.70 480.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.45 471.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.30 471.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.25 480.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.60 471.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.45 516.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.55 507.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.45 498.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.70 489.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.95 480.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.20 471.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.45 480.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.95 471.20 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 456.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 455.98 Td (\(Inmillions, rounding differences may occur\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 441.42 Td (Dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.15 441.42 Td (59.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 441.42 Td (12.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 441.42 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 441.42 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 441.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 441.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 441.42 Td (80.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 426.42 Td (Non-dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.80 426.42 Td (\(0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 426.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 426.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 426.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 426.42 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 426.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 426.42 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 411.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.15 411.42 Td (58.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 411.42 Td (13.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 411.42 Td (6.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 411.42 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 411.42 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 411.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 411.42 Td (82.7) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 295.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 295.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 265.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 265.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 265.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 265.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 265.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 265.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 265.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 369.75 m 209.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 369.75 m 213.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 369.75 m 275.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 369.75 m 279.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 369.75 m 341.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 369.75 m 345.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 369.75 m 407.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 369.75 m 411.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 369.75 m 473.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 369.75 m 477.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 369.75 m 539.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 310.75 m 209.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 310.75 m 275.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 310.75 m 341.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 310.75 m 407.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 310.75 m 473.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 310.75 m 539.5 310.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 265.75 m 209.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 251.75 m 209.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 249.75 m 209.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 265.75 m 275.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 251.75 m 275.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 249.75 m 275.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 265.75 m 341.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 251.75 m 341.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 249.75 m 341.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 265.75 m 407.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 251.75 m 407.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 249.75 m 407.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 265.75 m 473.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 251.75 m 473.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 249.75 m 473.5 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 265.75 m 539.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 251.75 m 539.5 251.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 249.75 m 539.5 249.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 374.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.80 374.20 Td (Nine Months Ended September 30, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 315.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.25 324.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.85 315.20 Td (Income \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.70 324.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.45 315.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.30 315.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.25 324.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.60 315.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.45 360.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.55 351.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.45 342.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.70 333.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.95 324.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.20 315.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.45 324.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.95 315.20 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 300.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 299.98 Td (\(Inmillions, rounding differences may occur\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 285.42 Td (Dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.15 285.42 Td (202.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 285.42 Td (40.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 285.42 Td (20.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 285.42 Td (15.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 285.47 Td (\(2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 285.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 285.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 285.42 Td (275.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 270.42 Td (Non-dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.80 270.42 Td (\(8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 270.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 270.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 270.42 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 270.42 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 270.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 270.47 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 270.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 255.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.15 255.42 Td (194.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 255.42 Td (41.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 255.42 Td (22.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 255.42 Td (19.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 255.47 Td (\(2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 255.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 255.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 255.42 Td (275.4) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 139.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 139.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 139.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 139.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 139.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 139.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 139.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 109.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 147.50 109.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 109.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 109.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.50 109.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.50 109.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 109.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 109.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 109.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 109.75 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 109.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 109.75 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 213.75 m 209.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 213.75 m 213.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 213.75 m 275.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 213.75 m 279.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 213.75 m 341.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 213.75 m 345.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 213.75 m 407.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 213.75 m 411.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 213.75 m 473.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 213.75 m 477.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 213.75 m 539.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 154.75 m 209.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 154.75 m 275.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 154.75 m 341.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 154.75 m 407.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 154.75 m 473.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 154.75 m 539.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 109.75 m 209.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 95.75 m 209.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 147.5 93.75 m 209.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 109.75 m 275.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 95.75 m 275.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 93.75 m 275.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 109.75 m 341.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 95.75 m 341.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 93.75 m 341.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 109.75 m 407.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 95.75 m 407.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 93.75 m 407.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 109.75 m 473.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 95.75 m 473.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 93.75 m 473.5 93.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 109.75 m 539.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 95.75 m 539.5 95.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 93.75 m 539.5 93.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 218.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 265.80 218.20 Td (Nine Months Ended September 30, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 159.42 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.25 168.20 Td (Operating) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 150.85 159.20 Td (Income \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 220.70 168.20 Td (Stock-based) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.45 159.20 Td (compensation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 285.30 159.20 Td (Depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.25 168.20 Td (Amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.60 159.20 Td (ofIntangibles) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.45 204.20 Td (Acquisition-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 428.55 195.20 Td (related) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 420.45 186.20 Td (Contingent) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 414.70 177.20 Td (Consideration) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 421.95 168.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.20 159.20 Td (Adjustment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.45 168.20 Td (Adjusted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.95 159.20 Td (EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 144.42 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 265.80 143.98 Td (\(Inmillions, rounding differences may occur\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 129.42 Td (Dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.15 129.42 Td (142.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 129.42 Td (30.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 129.42 Td (14.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 129.42 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 129.47 Td (\(11.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 129.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 129.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 129.42 Td (185.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 114.42 Td (Non-dating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.80 114.42 Td (\(17.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.65 114.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 114.42 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.15 114.42 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 114.42 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 114.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.80 114.47 Td (\(5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 114.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 99.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.15 99.42 Td (125.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.15 99.42 Td (31.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 99.42 Td (19.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 99.42 Td (14.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 99.47 Td (\(11.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 99.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.00 99.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.15 99.42 Td (179.4) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 748.60 Td (Page 12 of 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 87.92 713.25 Td (TCH GROUP) Tj ET Q q 0 0 0 rg BT 147.64 713.25 Td ( RECONCILIA) Tj ET Q q 0 0 0 rg BT 214.41 713.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 255.99 713.25 Td ( SEGMENT) Tj ET Q q 0 0 0 rg BT 308.32 713.25 Td ( GAAP) Tj ET Q q 0 0 0 rg BT 338.60 713.25 Td ( MEASURE ) Tj ET Q q 0 0 0 rg BT 393.42 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.91 713.25 Td (O NON-GAAP) Tj ET Q q 0 0 0 rg BT 463.52 713.25 Td ( MEASURE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 701.25 Td (\(CONTINUED\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 669.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 669.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 669.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 669.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 639.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 639.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 639.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 639.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 609.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 609.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 609.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 609.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 579.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 579.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 579.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 579.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 549.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 549.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 549.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 549.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 519.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 519.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 519.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 519.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 489.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 489.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 489.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 489.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 459.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 459.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 459.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 459.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 669.75 m 465.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 669.75 m 539.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 669.75 m 465.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 669.75 m 539.5 669.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 639.75 m 465.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 639.75 m 539.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 639.75 m 465.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 625.75 m 465.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 623.75 m 465.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 639.75 m 539.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 625.75 m 539.5 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 623.75 m 539.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 579.75 m 465.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 579.75 m 539.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 579.75 m 465.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 565.75 m 465.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 563.75 m 465.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 579.75 m 539.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 565.75 m 539.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 563.75 m 539.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 563.75 m 465.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 565.75 m 465.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 563.75 m 539.5 563.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 565.75 m 539.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 489.75 m 465.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 489.75 m 465.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 475.75 m 465.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 473.75 m 465.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 489.75 m 539.5 489.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 475.75 m 539.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 473.75 m 539.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 473.75 m 465.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 475.75 m 465.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 473.75 m 539.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 475.75 m 539.5 475.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 674.20 Td (\(In thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.35 674.43 Td (Q3 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.35 674.43 Td (Q3 2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 659.62 Td (Dating revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 659.42 Td (287,530) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 659.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 659.42 Td (235,131) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 644.62 Td (Non-dating revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 644.42 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 644.42 Td (33,840) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 629.62 Td (Total Match Group revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 629.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 629.42 Td (316,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 629.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 629.42 Td (268,971) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 599.62 Td (Dating operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 599.42 Td (90,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 599.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 599.42 Td (59,071) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 584.62 Td (Non-dating operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.65 584.42 Td (816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.30 584.47 Td (\(715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 584.42 Td (\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 569.62 Td (Total Match Group operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 569.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 569.42 Td (91,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 569.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 569.42 Td (58,356) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 554.62 Td (Dating operating income margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 554.42 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 554.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 554.42 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 554.42 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 539.62 Td (Total Match Group operating income margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 539.42 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 539.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 539.42 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 539.42 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 509.62 Td (Dating Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 509.42 Td (107,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 509.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 509.42 Td (80,323) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 494.62 Td (Non-dating Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 494.42 Td (3,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 494.42 Td (2,334) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 479.62 Td (Total Match Group Adjusted EBITDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 479.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.15 479.42 Td (110,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 479.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.15 479.42 Td (82,657) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 464.62 Td (Dating Adjusted EBITDA Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 464.42 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 464.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 464.42 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 464.42 Td (%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 74.00 449.62 Td (Total Match Group Adjusted EBITDA Margin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 449.42 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 449.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 449.42 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 449.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 421.25 Td (See preceding tables for reconciliation of segment operating income \(loss\) to segment ) Tj ET Q q 0 0 0 rg BT 417.45 421.25 Td (Adjusted EBITDA.) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 748.60 Td (Page 13 of 15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 167.75 713.25 Td (MA) Tj ET Q q 0 0 0 rg BT 182.76 713.25 Td (TCH GROUPS PRINCIPLES OF) Tj ET Q q 0 0 0 rg BT 326.76 713.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 383.91 713.25 Td ( REPORTING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (Match Group reports ) Tj ET Q q 0 0 0 rg BT 157.82 689.25 Td (Adjusted EBITDA, ) Tj ET Q q 0 0 0 rg BT 237.53 689.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 312.25 689.25 Td ( Mar) Tj ET Q q 0 0 0 rg BT 331.23 689.25 Td (gin, ) Tj ET Q q 0 0 0 rg BT 348.46 689.25 Td (Adjusted Net Income, ) Tj ET Q q 0 0 0 rg BT 438.44 689.25 Td (Adjusted EPS and Free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.25 Td (Cash Flow) Tj ET Q q 0 0 0 rg BT 114.41 677.25 Td (, all of which are supplemental measures to GAAP) Tj ET Q q 0 0 0 rg BT 316.31 677.25 Td (. ) Tj ET Q q 0 0 0 rg BT 321.13 677.25 Td (These measures are among the primary metrics by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.25 Td (which we evaluate the performance of our businesses, on which our internal budgets are based and by which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (management is compensated. ) Tj ET Q q 0 0 0 rg BT 191.78 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 200.42 653.25 Td (e believe that investors should have access to, and we are obligated to provide, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.25 Td (same set of tools that we use in analyzing our results. ) Tj ET Q q 0 0 0 rg BT 287.33 641.25 Td (These non-GAAP) Tj ET Q q 0 0 0 rg BT 358.89 641.25 Td ( measures should be considered in addition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (to results prepared in accordance with GAAP) Tj ET Q q 0 0 0 rg BT 252.50 629.25 Td (, but should not be considered a substitute for or superior to GAAP) Tj ET Q q 0 0 0 rg BT 520.14 629.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (results. Match Group endeavors to compensate for the limitations of the non-GAAP) Tj ET Q q 0 0 0 rg BT 407.11 617.25 Td ( measures presented by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (providing the comparable GAAP) Tj ET Q q 0 0 0 rg BT 204.10 605.25 Td ( measures with equal or greater prominence and descriptions of the reconciling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (items, including quantifying such items, to derive the non-GAAP) Tj ET Q q 0 0 0 rg BT 332.70 593.25 Td ( measures. ) Tj ET Q q 0 0 0 rg BT 377.23 593.25 Td (W) Tj ET Q q 0 0 0 rg BT 385.87 593.25 Td (e encourage investors to examine the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (reconciling adjustments between the GAAP) Tj ET Q q 0 0 0 rg BT 247.14 581.25 Td ( and non-GAAP) Tj ET Q q 0 0 0 rg BT 311.77 581.25 Td ( measures, which are included in this release. Interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.25 Td (results are not necessarily indicative of the results that may be expected for a full year) Tj ET Q q 0 0 0 rg BT 414.92 569.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 545.25 Td (Definitions of Non-GAAP) Tj ET Q q 0 0 0 rg BT 178.86 545.25 Td ( Measures) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 519.9169921875 m 449.6220703125 519.9169921875 l s q 0 0 0 rg BT 72.00 521.25 Td (Adjusted Earnings Before Interest, ) Tj ET Q q 0 0 0 rg BT 213.17 521.25 Td (T) Tj ET Q q 0 0 0 rg BT 218.58 521.25 Td (axes, Depreciation and ) Tj ET Q q 0 0 0 rg BT 311.87 521.25 Td (Amortization \(Adjusted EBITDA\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.62 521.25 Td ( is defined as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td (operating income excluding: \(1\) stock-based compensation expense; \(2\) depreciation; and \(3\) acquisition-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.25 Td (items consisting of \(i\) amortization of intangible assets and impairments of goodwill and intangible assets and \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (gains and losses recognized on changes in the fair value of contingent consideration arrangements. ) Tj ET Q q 0 0 0 rg BT 468.63 485.25 Td (W) Tj ET Q q 0 0 0 rg BT 477.27 485.25 Td (e believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 473.25 Td ( is useful for analysts and investors as this measure allows a more meaningful comparison ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.25 Td (between our performance and that of our competitors. Moreover) Tj ET Q q 0 0 0 rg BT 329.00 461.25 Td (, our management uses this measure internally to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (evaluate the performance of our business as a whole and our individual business segments. ) Tj ET Q q 0 0 0 rg BT 437.56 449.25 Td (The above items are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.25 Td (excluded from our ) Tj ET Q q 0 0 0 rg BT 147.81 437.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 222.53 437.25 Td ( measure because these items are non-cash in nature, and we believe that by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.25 Td (excluding these items, ) Tj ET Q q 0 0 0 rg BT 163.09 425.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 237.81 425.25 Td ( corresponds more closely to the cash operating income generated from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.25 Td (business, from which capital investments are made and debt is serviced. ) Tj ET Q q 0 0 0 rg BT 361.64 413.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 436.36 413.25 Td ( has certain limitations in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.25 Td (that it does not take into account the impact to our consolidated statement of operations of certain expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 375.9169921875 m 177.361328125 375.9169921875 l s q 0 0 0 rg BT 72.00 377.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 146.72 377.25 Td ( mar) Tj ET Q q 0 0 0 rg BT 164.58 377.25 Td (gin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.36 377.25 Td ( is defined as ) Tj ET Q q 0 0 0 rg BT 231.79 377.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 306.51 377.25 Td ( divided by revenues. ) Tj ET Q q 0 0 0 rg BT 394.36 377.25 Td (W) Tj ET Q q 0 0 0 rg BT 403.00 377.25 Td (e believe ) Tj ET Q q 0 0 0 rg BT 440.76 377.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 515.48 377.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.25 Td (mar) Tj ET Q q 0 0 0 rg BT 87.37 365.25 Td (gin is useful for analysts and investors as this measure allows a more meaningful comparison between our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.25 Td (performance and that of our competitors. Moreover) Tj ET Q q 0 0 0 rg BT 277.36 353.25 Td (, our management uses this measure internally to evaluate the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (performance of our business as a whole and our individual business segments. ) Tj ET Q q 0 0 0 rg BT 386.66 341.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 461.38 341.25 Td ( mar) Tj ET Q q 0 0 0 rg BT 479.24 341.25 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.25 Td (corresponds more closely to the cash operating income mar) Tj ET Q q 0 0 0 rg BT 309.52 329.25 Td (gin generated from our business, from which capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (investments are made and debt is serviced. ) Tj ET Q q 0 0 0 rg BT 244.72 317.25 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 319.44 317.25 Td ( mar) Tj ET Q q 0 0 0 rg BT 337.31 317.25 Td (gin has certain limitations in that it does not take ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (into account the impact to our consolidated statement of operations of certain expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 279.9169921875 m 157.5322265625 279.9169921875 l s q 0 0 0 rg BT 72.00 281.25 Td (Adjusted Net Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.53 281.25 Td ( generally captures all items on the statement of operations that have been, or ultimately will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 269.25 Td (be, settled in cash and is defined as net earnings attributable to Match Group, Inc. shareholders excluding, net of tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.25 Td (ef) Tj ET Q q 0 0 0 rg BT 79.59 257.25 Td (fects and noncontrolling interests, if applicable: \(1\) stock-based compensation expense, and \(2\) acquisition-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (items consisting of \(i\) amortization of intangibles and impairments of goodwill and intangible assets and \(ii\) gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.25 Td (and losses recognized on changes in the fair value of contingent consideration arrangements. ) Tj ET Q q 0 0 0 rg BT 445.02 233.25 Td (W) Tj ET Q q 0 0 0 rg BT 453.66 233.25 Td (e believe ) Tj ET Q q 0 0 0 rg BT 491.42 233.25 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.25 Td (Net Income is useful to investors because it represents Match Group) Tj ET Q q 0 0 0 rg BT 348.04 221.25 Td (s consolidated results taking into account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 209.25 Td (depreciation, which management believes is an ongoing cost of doing business, as well as other char) Tj ET Q q 0 0 0 rg BT 473.66 209.25 Td (ges that are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.25 Td (allocated to the operating businesses such as interest expense, income taxes and noncontrolling interests, but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.25 Td (excluding the ef) Tj ET Q q 0 0 0 rg BT 136.24 185.25 Td (fects of any other non-cash expenses.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 159.9169921875 m 127.83984375 159.9169921875 l s q 0 0 0 rg BT 72.00 161.25 Td (Adjusted EPS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.84 161.25 Td ( is defined as ) Tj ET Q q 0 0 0 rg BT 182.27 161.25 Td (Adjusted Net Income divided by fully diluted weighted average shares outstanding for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.25 Td (Adjusted EPS purposes. ) Tj ET Q q 0 0 0 rg BT 170.71 149.25 Td (W) Tj ET Q q 0 0 0 rg BT 179.35 149.25 Td (e include dilution from options in accordance with the treasury stock method and include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.25 Td (all restricted stock units \(RSUs\) in shares outstanding for ) Tj ET Q q 0 0 0 rg BT 311.68 137.25 Td (Adjusted EPS, with performance-based RSUs included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 125.25 Td (based on the number of shares that the Company believes are probable of vesting. ) Tj ET Q q 0 0 0 rg BT 401.44 125.25 Td (This dif) Tj ET Q q 0 0 0 rg BT 432.65 125.25 Td (fers from the GAAP) Tj ET Q q 0 0 0 rg BT 513.65 125.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 113.25 Td (method for including RSUs, which are treated on a treasury method, and performance-based RSUs, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 101.25 Td (included for GAAP) Tj ET Q q 0 0 0 rg BT 149.95 101.25 Td ( purposes only to the extent the performance criteria have been met \(assuming the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 89.25 Td (reporting period is the end of the contingency period\). Shares outstanding for ) Tj ET Q q 0 0 0 rg BT 382.76 89.25 Td (Adjusted EPS purposes are therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 77.25 Td (higher than shares outstanding for GAAP) Tj ET Q q 0 0 0 rg BT 237.43 77.25 Td ( EPS purposes. ) Tj ET Q q 0 0 0 rg BT 300.04 77.25 Td (W) Tj ET Q q 0 0 0 rg BT 308.67 77.25 Td (e believe ) Tj ET Q q 0 0 0 rg BT 346.43 77.25 Td (Adjusted EPS is useful to investors because it ) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 748.60 Td (Page 14 of 15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 713.10 Td (represents, on a per share basis, Match Group) Tj ET Q q 0 0 0 rg BT 257.22 713.10 Td (s consolidated results, taking into account depreciation, which we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 701.10 Td (believe is an ongoing cost of doing business, as well as other char) Tj ET Q q 0 0 0 rg BT 334.82 701.10 Td (ges, which are not allocated to the operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.10 Td (businesses such as interest expense, income taxes and noncontrolling interests, but excluding the ef) Tj ET Q q 0 0 0 rg BT 468.67 689.10 Td (fects of any other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 677.10 Td (non-cash expenses. ) Tj ET Q q 0 0 0 rg BT 151.15 677.10 Td (Adjusted Net Income and ) Tj ET Q q 0 0 0 rg BT 255.56 677.10 Td (Adjusted EPS have the same limitations as ) Tj ET Q q 0 0 0 rg BT 428.60 677.10 Td (Adjusted EBITDA. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.10 Td (Therefore, we think it is important to evaluate these measures along with our consolidated statement of operations.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 639.7669921875 m 135.330078125 639.7669921875 l s q 0 0 0 rg BT 72.00 641.10 Td (Free Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.33 641.10 Td ( is defined as net cash provided by operating activities, less capital expenditures. ) Tj ET Q q 0 0 0 rg BT 459.77 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 468.41 641.10 Td (e believe Free ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.10 Td (Cash Flow is useful to investors because it represents the cash that our operating businesses generate, before taking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.10 Td (into account non-operational cash movements. Free Cash Flow has certain limitations in that it does not represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.10 Td (the total increase or decrease in the cash balance for the period, nor does it represent the residual cash flow for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (discretionary expenditures. ) Tj ET Q q 0 0 0 rg BT 182.62 593.10 Td (Therefore, we think it is important to evaluate Free Cash Flow along with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.10 Td (consolidated statement of cash flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (Non-Cash Expenses ) Tj ET Q q 0 0 0 rg BT 159.06 557.10 Td (That ) Tj ET Q q 0 0 0 rg BT 181.57 557.10 Td (Ar) Tj ET Q q 0 0 0 rg BT 193.05 557.10 Td (e Excluded Fr) Tj ET Q q 0 0 0 rg BT 252.86 557.10 Td (om Our) Tj ET Q q 0 0 0 rg BT 286.29 557.10 Td ( Non-GAAP) Tj ET Q q 0 0 0 rg BT 337.68 557.10 Td ( Measur) Tj ET Q q 0 0 0 rg BT 372.77 557.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 531.7669921875 m 213.6259765625 531.7669921875 l s q 0 0 0 rg BT 72.00 533.10 Td (Stock-based compensation expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.63 533.10 Td ( consists principally of expense associated with the grants of stock options, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.10 Td (RSUs, and performance-based RSUs. ) Tj ET Q q 0 0 0 rg BT 224.57 521.10 Td (These expenses are not paid in cash, and we include the related shares in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.10 Td (fully diluted shares outstanding using the treasury stock method; however) Tj ET Q q 0 0 0 rg BT 366.82 509.10 Td (, performance-based RSUs are included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.10 Td (only to the extent the performance criteria have been met \(assuming the end of the reporting period is the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.10 Td (contingency period\). ) Tj ET Q q 0 0 0 rg BT 157.07 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 165.71 485.10 Td (e view the true cost of stock options, RSUs and performance-based RSUs as the dilution to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.10 Td (our share base, and such awards are included in our shares outstanding for ) Tj ET Q q 0 0 0 rg BT 370.80 473.10 Td (Adjusted EPS purposes as described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (above under the definition of ) Tj ET Q q 0 0 0 rg BT 190.02 461.10 Td (Adjusted EPS. Upon the exercise of certain stock options and vesting of RSUs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (performance-based RSUs, the awards are settled, at the Company) Tj ET Q q 0 0 0 rg BT 336.91 449.10 Td (s discretion, on a net basis, with the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (remitting the required tax-withholding amount from its current funds.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 411.7669921875 m 123.640625 411.7669921875 l s q 0 0 0 rg BT 72.00 413.10 Td (Depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.64 413.10 Td ( is a non-cash expense relating to our property and equipment and is computed using the straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (method to allocate the cost of depreciable assets to operations over their estimated useful lives.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 375.7669921875 m 408.044921875 375.7669921875 l s q 0 0 0 rg BT 72.00 377.10 Td (Amortization of intangible assets and impairments of goodwill and intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.04 377.10 Td ( are non-cash expenses related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (primarily to acquisitions. ) Tj ET Q q 0 0 0 rg BT 174.21 365.10 Td (At the time of an acquisition, the identifiable definite-lived intangible assets of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.10 Td (acquired company) Tj ET Q q 0 0 0 rg BT 144.93 353.10 Td (, such as customer lists, content, trade names, and technology) Tj ET Q q 0 0 0 rg BT 390.05 353.10 Td (, are valued and amortized over their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.10 Td (estimated lives. ) Tj ET Q q 0 0 0 rg BT 136.53 341.10 Td (V) Tj ET Q q 0 0 0 rg BT 142.64 341.10 Td (alue is also assigned to acquired indefinite-lived intangible assets, which comprise trade names and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (trademarks, and goodwill that are not subject to amortization. ) Tj ET Q q 0 0 0 rg BT 319.99 329.10 Td (An impairment is recorded when the carrying value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.10 Td (an intangible asset or goodwill exceeds its fair value. ) Tj ET Q q 0 0 0 rg BT 286.20 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 294.84 317.10 Td (e believe that intangible assets represent costs incurred by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (the acquired company to build value prior to acquisition and the related amortization and impairment char) Tj ET Q q 0 0 0 rg BT 495.84 305.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (intangible assets or goodwill, if applicable, are not ongoing costs of doing business.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 72 267.7669921875 m 466.033203125 267.7669921875 l s q 0 0 0 rg BT 72.00 269.10 Td (Gains and losses recognized on changes in the fair value of contingent consideration arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.03 269.10 Td ( are accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (adjustments to report contingent consideration liabilities at fair value. ) Tj ET Q q 0 0 0 rg BT 352.30 257.10 Td (These adjustments can be highly variable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (are excluded from our assessment of performance because they are considered non-operational in nature and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (therefore, are not indicative of current or future performance or ongoing costs of doing business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (Fr) Tj ET Q q 0 0 0 rg BT 82.37 209.10 Td (ee Cash Flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 185.10 Td (e look at Free Cash Flow as a measure of the strength and performance of our businesses, not for valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (purposes. In our view) Tj ET Q q 0 0 0 rg BT 158.00 173.10 Td (, applying multiples to Free Cash Flow is inappropriate because it is subject to timing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (seasonality and one-time events. ) Tj ET Q q 0 0 0 rg BT 204.28 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.92 161.10 Td (e manage our business for cash and we think it is of utmost importance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 149.10 Td (maximize cash but our primary valuation metrics are ) Tj ET Q q 0 0 0 rg BT 292.76 149.10 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 367.48 149.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 386.37 149.10 Td (Adjusted EPS.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.70 748.60 Td (Page 15 of 15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.95 713.25 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 335.58 713.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (Safe Harbor) Tj ET Q q 0 0 0 rg BT 124.87 689.25 Td ( Statement Under) Tj ET Q q 0 0 0 rg BT 200.23 689.25 Td ( the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 375.74 689.25 Td (Act of 1995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 665.25 Td (This press release and our conference call, which will be held at 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 402.81 665.25 Td (T) Tj ET Q q 0 0 0 rg BT 408.56 665.25 Td (ime on November 2, 2016, may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 653.25 Td (contain forward-looking statements within the meaning of the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 478.01 653.25 Td (Act of 1995. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 641.25 Td (The use of words such as anticipates, estimates, expects, plans and believes, among others, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 629.25 Td (identify forward-looking statements. ) Tj ET Q q 0 0 0 rg BT 220.67 629.25 Td (These forward-looking statements include, among others, statements relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 617.25 Td (to: Match Group) Tj ET Q q 0 0 0 rg BT 141.43 617.25 Td (s future financial performance, Match Group) Tj ET Q q 0 0 0 rg BT 323.58 617.25 Td (s business prospects and strategy) Tj ET Q q 0 0 0 rg BT 454.58 617.25 Td (, anticipated trends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 605.25 Td (and other similar matters. ) Tj ET Q q 0 0 0 rg BT 176.51 605.25 Td (These forward-looking statements are based on management) Tj ET Q q 0 0 0 rg BT 421.98 605.25 Td (s current expectations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 593.25 Td (assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 581.25 Td (that are dif) Tj ET Q q 0 0 0 rg BT 115.13 581.25 Td (ficult to predict.) Tj ET Q q 0 0 0 rg BT 181.22 581.25 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 274.63 581.25 Td (fer materially from those contained in these forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 569.25 Td (statements for a variety of reasons, including, among others: competition, our ability to maintain user rates on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 557.25 Td (higher monetizing dating products, our ability to attract users to our dating products through cost-ef) Tj ET Q q 0 0 0 rg BT 470.34 557.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 545.25 Td (marketing and related ef) Tj ET Q q 0 0 0 rg BT 169.27 545.25 Td (forts, foreign currency exchange rate fluctuations, our ability to distribute our dating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 533.25 Td (products through third parties and of) Tj ET Q q 0 0 0 rg BT 218.18 533.25 Td (fset related fees, the integrity and scalability of our systems and infrastructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 521.25 Td (\(and those of third parties\) and our ability to adapt ours to changes in a timely and cost-ef) Tj ET Q q 0 0 0 rg BT 429.77 521.25 Td (fective manner) Tj ET Q q 0 0 0 rg BT 489.06 521.25 Td (, our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 509.25 Td (to protect our systems from cyberattacks and to protect personal and confidential user information, risks relating to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.25 Td (certain of our international operations and acquisitions and certain risks relating to our relationship with IAC/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 485.25 Td (InterActiveCorp, among other risks. Certain of these and other risks and uncertainties are discussed in Match ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.25 Td (Group) Tj ET Q q 0 0 0 rg BT 100.33 473.25 Td (s filings with the Securities and Exchange Commission. Other unknown or unpredictable factors that could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 461.25 Td (also adversely af) Tj ET Q q 0 0 0 rg BT 139.01 461.25 Td (fect Match Group) Tj ET Q q 0 0 0 rg BT 212.87 461.25 Td (s business, financial condition and results of operations may arise from time to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (time. In light of these risks and uncertainties, these forward-looking statements may not prove to be accurate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 437.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 121.34 437.25 Td (, you should not place undue reliance on these forward-looking statements, which only reflect the views ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 425.25 Td (of Match Group management as of the date of this press release. Match Group does not undertake to update these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 413.25 Td (forward-looking statements.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 387.68505859375 m 159.6025390625 387.68505859375 l s q 0 0 0 rg BT 72.00 389.25 Td (About Match Gr) Tj ET Q q 0 0 0 rg BT 143.48 389.25 Td (oup) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 365.25 Td (Match Group \(NASDAQ: MTCH\) is the world) Tj ET Q q 0 0 0 rg BT 263.09 365.25 Td (s leading provider of dating products. ) Tj ET Q q 0 0 0 rg BT 415.38 365.25 Td (W) Tj ET Q q 0 0 0 rg BT 424.02 365.25 Td (e operate a portfolio of over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 353.25 Td (45 brands, including Match, OkCupid, PlentyOfFish, ) Tj ET Q q 0 0 0 rg BT 286.81 353.25 Td (T) Tj ET Q q 0 0 0 rg BT 292.57 353.25 Td (inder) Tj ET Q q 0 0 0 rg BT 312.71 353.25 Td (, Meetic, ) Tj ET Q q 0 0 0 rg BT 350.30 353.25 Td (T) Tj ET Q q 0 0 0 rg BT 355.71 353.25 Td (woo, OurT) Tj ET Q q 0 0 0 rg BT 399.24 353.25 Td (ime, BlackPeopleMeet and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (LoveScout24 \(formerly known as FriendScout24\), each designed to increase our users) Tj ET Q q 0 0 0 rg BT 419.77 341.25 Td ( likelihood of finding a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 329.25 Td (romantic connection. ) Tj ET Q q 0 0 0 rg BT 158.73 329.25 Td (Through our portfolio of trusted brands, we provide tailored products to meet the varying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 317.25 Td (preferences of our users. ) Tj ET Q q 0 0 0 rg BT 172.61 317.25 Td (W) Tj ET Q q 0 0 0 rg BT 181.24 317.25 Td (e currently of) Tj ET Q q 0 0 0 rg BT 234.92 317.25 Td (fer our dating products in 38 languages across more than 190 countries. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 305.25 Td (addition to our dating business, we also operate ) Tj ET Q q 0 0 0 rg BT 264.28 305.25 Td (The Princeton Review) Tj ET Q q 0 0 0 rg BT 353.05 305.25 Td (, which provides a variety of test preparation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 293.25 Td (academic tutoring and college counseling services.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 72 267.68505859375 m 119.4951171875 267.68505859375 l s q 0 0 0 rg BT 72.00 269.25 Td (Contact Us) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 245.25 Td (Lance Barton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 233.25 Td (Match Group Investor Relations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 221.25 Td (\(212\) 314-7400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 197.25 Td (Matt David) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 185.25 Td (Match Group Corporate Communications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 173.25 Td (\(202\) 507-1758) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 149.25 Td (Match Gr) Tj ET Q q 0 0 0 rg BT 114.30 149.25 Td (oup) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 2.50 0 0 9.93 130.43 147.09 cm /I2 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 137.25 Td (8750 North Central Expressway) Tj ET Q q 0 0 0 rg BT 199.93 137.25 Td (, Dallas, ) Tj ET Q q 0 0 0 rg BT 235.30 137.25 Td (TX 75225, \(214\) 576-9352 ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 348.62109375 135.9169921875 m 412.224609375 135.9169921875 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 348.62 137.25 Td (http://mtch.com) Tj ET Q endstream endobj 33 0 obj <> /View <>>>>> endobj 34 0 obj <> /View <>>>>> endobj 35 0 obj <> endobj 36 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;