Total Revenue increased slightly by 0.2% to $3.487 billion in 2025 from $3.479 billion in 2024. Direct Revenue was flat at $3.415 billion in 2025, down from $3.418 billion in 2024. Indirect Revenue increased by 18% to $72.3 million in 2025 from $61.4 million in 2024. Tinder Direct Revenue declined 4% to $1.863 billion, driven by a 7% decrease in Payers, partially offset by a 3% increase in Revenue Per Payer (RPP). Hinge Direct Revenue grew 26% to $690.9 million, with Payers up 18% and RPP up 7%. Evergreen & Emerging (E&E) Direct Revenue declined 8% to $593.8 million, due to a 14% decrease in Payers, partially offset by an 8% increase in RPP. Match Group Asia (MG Asia) Direct Revenue declined 6% to $267.3 million, impacted by the shutdown of the Hakuna app in 2024 and the strength of the U.S. dollar against the Turkish Lira. Net income attributable to Match Group, Inc. shareholders increased 11% to $613.4 million in 2025 from $551.3 million in 2024. Adjusted EBITDA decreased 1% to $1.236 billion in 2025 from $1.252 billion in 2024. The Azar app was removed from the Apple App Store on February 22, 2026, following an update to Apple's App Review Guidelines, which is expected to negatively impact Azar's revenue and Adjusted EBITDA in 2026. Azar Direct Revenue was $155.8 million in 2025, with 76% from Apple's App Store. The company settled a legal case regarding Tinder's age-tiered pricing for $60.5 million in September 2025. A settlement with the FTC for $14.0 million related to certain E&E applications was made in Q3 2025. Employee headcount decreased by approximately 12% year-over-year due to an enterprise-wide initiative to leverage the portfolio approach and decrease operating costs. Cash and cash equivalents increased to $1.028 billion at December 31, 2025, from $966.0 million at December 31, 2024. Total long-term debt increased to $3.999 billion at December 31, 2025, from $3.875 billion at December 31, 2024. Repurchased 24.7 million shares for $788.8 million in 2025 under share repurchase programs. Declared a quarterly cash dividend of $0.19 per share in January 2025, totaling $186.3 million in 2025. A dividend of $0.20 per share was declared on February 3, 2026, payable April 21, 2026.