Match Group Inc (MTCH)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,425,168 | 2,426,332 | 2,409,979 | 2,402,203 | 2,377,300 | 2,302,602 | 2,239,184 | 2,213,599 | 2,228,880 | 2,250,179 | 2,257,219 | 2,218,207 | 2,143,969 | 2,050,586 | 1,950,909 | 1,842,845 | 2,260,232 | 2,705,193 | 3,185,735 | 3,689,407 |
| Revenue (ttm) | US$ in thousands | 3,479,373 | 3,485,425 | 3,471,541 | 3,437,027 | 3,364,504 | 3,284,429 | 3,212,375 | 3,177,336 | 3,188,843 | 3,208,760 | 3,201,049 | 3,114,296 | 2,983,277 | 2,828,614 | 2,666,549 | 2,514,239 | 3,075,387 | 3,641,660 | 4,248,760 | 4,879,970 |
| Gross profit margin | 69.70% | 69.61% | 69.42% | 69.89% | 70.66% | 70.11% | 69.70% | 69.67% | 69.90% | 70.13% | 70.51% | 71.23% | 71.87% | 72.49% | 73.16% | 73.30% | 73.49% | 74.28% | 74.98% | 75.60% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,425,168K ÷ $3,479,373K
= 69.70%
Match Group Inc's gross profit margin has been showing a gradual decline over the reported periods, starting at 75.60% as of March 31, 2020, and falling to 69.70% by December 31, 2024. This indicates a decreasing trend in the company's ability to generate profit from its revenue after deducting the cost of goods sold.
The decreases in gross profit margin may be attributed to various factors such as increased competition, rising costs of goods sold, pricing pressures, or changes in consumer preferences affecting the company's product mix. It is important for Match Group Inc to closely monitor and address these factors to maintain or improve its gross profit margin over time.
Management should focus on implementing cost-saving measures, enhancing operational efficiency, adjusting pricing strategies, and exploring new revenue streams to potentially increase the company's gross profit margin in the future. Additionally, keeping a close eye on industry trends and competitors' performance can provide valuable insights for strategic decision-making in improving the company's profitability.
Peer comparison
Dec 31, 2024