The company only has ~USD 920 Million of cash on its books, and is encumbered by ~USD 3.90 Billion of debt. For a company that does "only" ~ USD 1 Billion of annual adjusted operating income, I'd say Match's debt load is already substantial and piling onto achieve buybacks may add to the company's risk profile.
https://seekingalpha.com/article/4507117-match-group-q1-earnings-domestic-paid-users-declining-more-risk
MTCH Q1 2022 financials
https://onlinedatingsoundbarrier.blogspot.com/2022/05/mtch-q1-2022-financials.html
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