Starboard Value Sends Letter to Match Group Regarding Opportunities to Substantially Increase Shareholder Value

Starboard Value LP, holding approximately 6.6% of Match Group's (NASDAQ: MTCH) outstanding common shares, has sent a letter to the company's leadership outlining opportunities to enhance shareholder value.

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Believes Match is a Growing, High-Quality Market Leader with an Enviable Position in the Expanding Online Dating Market

Lays Out Initiatives for Improving Growth, Profitability, and Capital Allocation Following Long-Term Share Price Underperformance

Outlines Opportunity for Match to Generate $5.50+ of Free Cash Flow Per Share in 2026 and Create Significant Shareholder Value, But Urges the Board to Remain Open to Strategic Alternatives if a Turnaround Proves Challenging

NEW YORK--(BUSINESS WIRE)-- Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQ: MTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives.

The letter can be accessed at https://www.starboardvalue.com/presentations.

About Starboard Value LP

Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716279903/en/

Investor Contacts:
Peter Feld, (212) 201-4878
Gavin Molinelli, (212) 201-4828
www.starboardvalue.com

Media Contacts:
Longacre Square Partners
Greg Marose / Charlotte Kiaie, (646) 386-0091
starboard@longacresquare.com

Source: Starboard Value LP