Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Registrant’s Common Equity and Related Stockholder Matters
Our common stock is quoted on the Nasdaq Global Select Market (“NASDAQ”) under the ticker symbol “MTCH.”
As of January 31, 2024, there were 982 holders of record of the Company’s common stock. Because the substantial majority of the outstanding shares of our common stock are held by brokers and other institutions on behalf of shareholders, we are not able to estimate the total number of beneficial shareholders represented by these record holders.
Stock Performance Graph
The following graph compares the cumulative total return (assuming dividend reinvestment, as applicable) of Match Group common stock (including such cumulative total return of Former Match Group common stock for the period prior to, and adjusted for, the separation of Match Group and IAC), the NASDAQ Composite index, the Russell 1000 Technology Index, and the Standard & Poor’s 500 Stock Index, in each case, based on $100 invested at the close of trading on December 31, 2018 through December 31, 2023. The returns shown are based on historical results and are not intended to suggest future performance.
COMPARISON OF CUMULATIVE TOTAL RETURN
Match Group, Inc. Common Stock
Among Match Group, Inc., the NASDAQ Composite Index,
the Russell 1000 Technology Index, and the S&P 500 Index
12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023
Match Group, Inc. $100.00 $191.98 $353.50 $309.21 $97.01 $85.34
NASDAQ Composite Index $100.00 $136.73 $198.33 $242.38 $163.58 $236.70
Russell 1000 Technology Index $100.00 $147.22 $215.97 $296.24 $193.71 $323.27
S&P 500 Index $100.00 $131.47 $155.65 $200.29 $163.98 $207.04
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Issuer Purchases of Equity Securities
The following table sets forth purchases by the Company of its common stock during the quarter ended December 31, 2023:
Period (a)
Total Number of Shares Purchased (b)
Average Price Paid Per Share (c)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
(d)
Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Plans or Programs (2)
October 2023 — $ — — $ 667,394,650
November 2023 2,406,889 $ 30.75 2,406,889 593,378,490
December 2023 829,396 $ 32.64 829,396 566,304,056
Total 3,236,285 $ 31.24 3,236,285 $ 566,304,056
______________________
(1) Reflects repurchases made pursuant to the $1.0 billion share repurchase program authorized in April 2023 (the “2023 Share Repurchase Program”). On January 30, 2024, the Board of Directors of the Company approved a new share repurchase program of up to $1.0 billion in aggregate value of shares of Match Group stock (the “2024 Share Repurchase Program”). The 2024 Share Repurchase Program replaces the 2023 Share Repurchase Program.
(2) Represents the aggregate value of shares of common stock that remained available for repurchase pursuant to the 2023 Share Repurchase Program.
Item 6. Reserved
Not applicable.
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