Match Group Inc (MTCH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,488,100 | 2,302,600 | 2,228,880 | 2,143,970 | 1,755,440 |
| Revenue | US$ in thousands | 3,479,370 | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 |
| Gross profit margin | 71.51% | 68.44% | 69.90% | 71.87% | 73.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,488,100K ÷ $3,479,370K
= 71.51%
Based on the provided data, Match Group Inc's gross profit margin has exhibited a slight downward trend over the past five years. Specifically, the gross profit margin decreased from 73.41% as of December 31, 2020, to 71.87% as of December 31, 2021, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold.
Further analyzing the trend, the gross profit margin continued to decline to 69.90% as of December 31, 2022, and 68.44% as of December 31, 2023, suggesting potential challenges in managing the cost of sales relative to revenue generation during those periods.
However, there was a noticeable improvement in the gross profit margin to 71.51% as of December 31, 2024, indicating that Match Group Inc may have implemented strategies to enhance operational efficiency and optimize production costs, resulting in a more favorable profitability ratio.
Overall, the fluctuation in Match Group Inc's gross profit margin highlights the importance of effective cost management and revenue generation strategies to sustain and improve profitability in a competitive market environment.
Peer comparison
Dec 31, 2024