Match Group Inc (MTCH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,362,890 | 866,438 | 1,134,130 | 956,797 | 923,838 |
| Revenue | US$ in thousands | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 | 2,051,260 |
| Gross profit margin | 40.51% | 27.17% | 38.02% | 40.01% | 45.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,362,890K ÷ $3,364,500K
= 40.51%
The gross profit margin of Match Group Inc. has shown a decreasing trend over the past five years. Starting at 76.30% in 2019, the margin has gradually decreased to 71.64% by the end of 2023. This indicates a reduction in the percentage of revenue retained after accounting for the cost of goods sold. The declining trend in gross profit margin could be attributed to various factors such as increased competition, rising operating expenses, or pricing pressures. Further analysis of the company's cost structure and pricing strategies would be necessary to understand the specific reasons behind this trend and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023