Exhibit 99.2 Q1 2025 Match Group Prepared Remarks This is my first full-quarter earnings call as CEO, and I want to start by saying how proud I am to be here, and how energized I am by the opportunity ahead. We're a company with a powerful mission – to spark meaningful connections. Our job is to deliver on that mission with urgency, excellence, and a consumer-first mindset by building products that reflect how people want to connect today. Over the last three months, I have visited many of our offices aroun ...

Core Insights - Match Group's new CEO, Spencer Rascoff, emphasizes a swift revitalization of the business, showcasing early positive results in the first quarter of 2025 [2] - The company is undergoing a reorganization to enhance integration, product focus, and innovation, aligning with the preferences of Gen Z users [2][3] - A planned 13% workforce reduction and centralization of key functions aim to improve efficiency and reduce duplication across the organization [3][4] Financial Performance - Total revenue for Q1 2025 was $831 million, a decline of 3% year-over-year, with direct revenue also down by 4% to $812 million [7][8] - Operating income decreased by 7% to $173 million, maintaining an operating income margin of 21% [8][22] - Adjusted operating income was $275 million, down 2% year-over-year, with an adjusted operating income margin of 33% [8][9] User Metrics - The number of payers decreased by 5% year-over-year to 14.2 million, while revenue per payer (RPP) increased by 1% to $19.07 [8][9] - Operating cash flow for the quarter was $193 million, with free cash flow at $178 million [15][35] Shareholder Returns - The company repurchased 6.1 million shares at an average price of $32, totaling $195 million, and paid $48 million in dividends [8][16] - A cash dividend of $0.19 per share was declared, payable on July 18, 2025 [12][21] Future Outlook - For Q2 2025, Match Group anticipates total revenue between $850 million and $860 million, with adjusted operating income projected between $295 million and $300 million [19][33] - The adjusted operating income margin is expected to be approximately 35% at the midpoint of the revenue range [19][33] Cash and Debt Position - As of March 31, 2025, Match Group had $414 million in cash and cash equivalents, with long-term debt totaling $3.5 billion [20][22] - The company’s leverage ratio was 2.8x on a gross basis and 2.4x on a net basis [20]

In its upcoming report, Match Group (MTCH) is predicted by Wall Street analysts to post quarterly earnings of $0.67 per share, reflecting an increase of 52.3% compared to the same period last year. Revenues are forecasted to be $827.91 million, representing a year-over-year decrease of 3.7%. The consensus EPS estimate for the quarter has undergone an upward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their ini ...

Core Viewpoint - Match Group has appointed Kelly Campbell, former president of NBCUniversal's Peacock, to its Board of Directors as part of its ongoing transformation strategy [1][2][3]. Group 1: Board Changes - The addition of Kelly Campbell is expected to enhance the Board's skills and expertise, particularly in consumer-facing technology and brand equity development [2]. - With Campbell's election, over one third of Match Group's directors will be new within the past year, indicating a significant shift in the Board's composition [3]. Group 2: Collaboration with Anson Funds - Match Group and Anson Funds have entered into an information sharing agreement to facilitate collaboration and support the company's transformation and growth strategy [4]. - Anson Funds has agreed to withdraw its director nominations and proposal to declassify the Board, signaling a constructive engagement with Match Group [5]. Group 3: Corporate Governance - The upcoming Annual Meeting will include a proposal to amend Match Group's certificate of incorporation to declassify the Board, reflecting the company's commitment to strong corporate governance practices [6]. Group 4: Kelly Campbell's Background - Kelly Campbell has a strong background in the streaming industry, having led Peacock to record growth and previously served as President of Hulu, where she oversaw its integration into Disney [7]. - Her experience at Google adds to her understanding of brand, technology, and global marketing, which will be beneficial for Match Group [7]. Group 5: Company Overview - Match Group is a leading provider of digital technologies aimed at helping people make meaningful connections, with a portfolio that includes brands like Tinder, Hinge, and OkCupid, available in over 40 languages globally [8].

Core Viewpoint - The earnings season is particularly significant this year due to recent changes that may affect companies' near-term guidance [1] Company Overview - Kimberly-Clark reported weaker-than-expected results and has cut its full-year outlook [2] - The company has a diverse portfolio of everyday-use brands and professional products centered on paper [2] Financial Performance - Kimberly-Clark has maintained steady demand for its products, allowing it to raise its dividend for 53 consecutive years, earning it a place among Dividend Kings [3] - The stock currently yields 3.8%, making it an attractive source of passive income [3] - The company has lowered its 2025 organic sales growth guidance from an expected outperformance of 2% to a range of 1.5% to 2% [6] - Adjusted earnings per share (EPS) guidance has been revised to flat to positive on a constant currency basis, down from mid-to-high single-digit growth [6] - Free cash flow (FCF) is now expected to be $2 billion, compared to an earlier forecast of more than $2 billion [7] Historical Context - Kimberly-Clark's stock price has stagnated over the last decade, with operating margins consistently in the mid-teens and modest revenue growth in recent years [8] - The company has been underperforming its peer group for several years [10] Strategic Initiatives - The company launched its Powering Care strategy to reorganize into three segments, aiming to streamline operations and enhance flexibility [11] - The impact of this strategy is expected to take time to reflect in the company's results [11] Investment Appeal - Despite recent challenges, Kimberly-Clark's reliable dividend and improved balance sheet, with total net long-term debt at $6.7 billion, make it appealing to risk-averse investors [12][13] - The stock trades at a price-to-earnings (P/E) ratio of 18.3, below its 10-year median of 23.1, suggesting it may be undervalued [13] - The stock is considered a good buy for income investors, offering a higher yield compared to peers like Procter & Gamble, which has a lower yield of 2.7% and a higher P/E of 26.7 [14][15] Future Outlook - With lowered growth projections, Kimberly-Clark has more potential for positive surprises [16] - The sizable 3.8% yield provides a strong incentive for income investors to hold the stock [16]

Core Insights - The article discusses the increasing importance of AI-powered investing systems in identifying investment opportunities and managing market volatility, particularly in the context of recent market fluctuations and trade tensions [1][5][31] AI-Powered Investing Systems - AI algorithms have been developed to analyze vast amounts of data, uncovering connections between fundamental data and future returns that are often missed by human analysts [1] - The AI system "An-E" has been trained on over 1.3 quadrillion data points and is designed for quick reactions to market news, allowing for rapid gains [6][28] Recent Investment Opportunities - Sight Sciences Inc. (SGHT) was identified before a 135% rally, and Nvidia Corp. (NVDA) was noted before a 30% rally, indicating the effectiveness of AI in predicting stock movements [2] - Papa John's International Inc. (PZZA) is highlighted as a strong investment opportunity, trading at 18 times forward earnings after a 35% selloff, with a dividend yield of 5.5% [12][13] - SpartanNash Co. (SPTN) is positioned as a stable investment with a dividend yield above 4.5% and shares trading at 0.9 times book value, suggesting a buying opportunity [16] - Coupang Inc. (CPNG) is expected to benefit from shifts in trade patterns due to tariffs, with analysts raising 2026 earnings-per-share forecasts to $0.83 [20] - Dollar General Corp. (DG) is recommended as a defensive stock with a low valuation of 16 times earnings, making it an attractive option during economic downturns [23] - JBT Marel Corp. (JBTM) is noted for its recent 25% drop in share price, which places it in oversold territory, despite having better protections against tariffs post-merger [25][26] Market Trends and Predictions - The article emphasizes the volatility of the current market, driven by news cycles and trade tensions, which necessitates the use of AI tools for informed decision-making [5][29] - An-E's predictive capabilities are highlighted, with the system able to forecast stock movements over the next 21 trading days and provide a "Confidence Gauge" for its predictions [28][30]

Core Insights - Brera Holdings PLC is expanding its global portfolio of football clubs through a multi-club ownership strategy, with S.S. Juve Stabia's Serie B match against Cremonese being broadcast live in English across the U.S., Canada, and the U.K. [2][4] - Juve Stabia is gaining international recognition, currently ranking 5th in Serie B, with a notable 36.9% increase in squad value since mid-March and a season-high home attendance of 7,000 fans [4][5] Company Overview - Brera Holdings PLC, based in Ireland, focuses on developing a global portfolio of emerging football and sports clubs, building on the legacy of Brera FC, which it acquired in 2022 [6][9] - The company has made strategic investments in various clubs, including a 90% stake in Fudbalski Klub Akademija Pandev in North Macedonia and a majority stake in UYBA Volley, an Italian women's volleyball team [8][9] Strategic Initiatives - The broadcast of Juve Stabia's match is part of a growing interest among U.S. audiences for European football, particularly Serie B, which is known for its competitive nature and emerging talent [5] - Brera Holdings aims to expand its international footprint and attract a broader base of supporters through partnerships like the one with Destination Calcio [5][9]

Core Viewpoint - Match Group has appointed Darrell Cavens, a seasoned e-commerce executive, to its Board of Directors as part of its ongoing board refreshment strategy, enhancing its expertise in digital commerce and technology-driven innovation [1][2][3] Company Developments - Darrell Cavens brings nearly 20 years of leadership experience in e-commerce and technology, having co-founded and led Zulily to its public offering and completed various M&A transactions [4][5] - Cavens has held leadership roles at Qurate Retail and Microsoft, and served as Chief Technology Officer at Blue Nile, contributing to scaling it into the largest online diamond retailer [5] - The Board will seek stockholder approval to declassify the Board structure, moving from staggered three-year terms to one-year terms for directors elected at the 2026 Annual Meeting [6][7] Governance and Shareholder Engagement - The Board has recommended against the director nominees proposed by Anson Funds, asserting that their candidates do not bring additional relevant skills for Match Group's strategic priorities [8][12] - Anson Funds owns less than 0.5% of Match Group's common stock, significantly less than the Board members [13] - The Board remains open to stockholder input, having previously appointed new members following constructive engagement with Elliott Management [11]

Group 1 - Anson Funds Management LP and Anson Advisors Inc. have nominated Fumbi Chima, Laura Lee, and Kelley Morrell for election to the board of Match Group Inc. at the 2025 Annual Meeting of Stockholders [1] - The letter to Match stockholders emphasizes the urgent need for change due to long-term underperformance attributed to poor oversight, subpar corporate governance, and misaligned board culture [1][5] - Match Group has experienced significant underperformance relative to broader market indices, despite having four CEO changes in the past five years [5] Group 2 - Anson Funds, with US$2.0 billion in assets, is a privately held alternative asset manager founded in 2007 [3] - The current board of Match is described as outdated and inadequately qualified to oversee a modern technology company primarily serving young adults [5] - There is a noted refusal from the board to engage seriously with stockholders to introduce fresh perspectives and relevant expertise [5]

Group 1 - Zacks Premium offers various tools for investors, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens to enhance investment confidence [1] - The Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum characteristics, helping investors identify stocks likely to outperform the market in the next 30 days [2][3] Group 2 - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, and Price/Sales, appealing to value investors [3] - The Growth Score emphasizes a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow to find stocks with sustainable growth [4] - The Momentum Score assists investors in capitalizing on price trends, utilizing factors like one-week price change and monthly earnings estimate changes [5] Group 3 - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investing strategies [6] - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to aid investors in building successful portfolios [7][8] Group 4 - Match Group, Inc. is a leading provider of dating products, operating over 45 brands, including Tinder and Match.com, and serving customers in 190 countries [11] - Match Group has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position in the market [11] - The company has a Value Style Score of B, with a forward P/E ratio of 9.47, making it attractive to value investors [12] - Recent earnings estimates for fiscal 2025 have been revised higher, with the Zacks Consensus Estimate increasing by $0.17 to $3.32 per share, and an average earnings surprise of 4.6% [12]