Match Group Inc (MTCH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 651,539 | 361,946 | 277,723 | 128,561 | 431,131 |
| Revenue | US$ in thousands | 3,364,500 | 3,188,840 | 2,983,280 | 2,391,270 | 2,051,260 |
| Net profit margin | 19.37% | 11.35% | 9.31% | 5.38% | 21.02% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $651,539K ÷ $3,364,500K
= 19.37%
The net profit margin of Match Group Inc. has shown a generally increasing trend over the past five years. In 2023, the net profit margin reached 19.37%, representing a significant improvement compared to the previous years. This substantial increase indicates that the company has become more efficient in generating profits from its revenue.
The 2023 net profit margin of 19.37% is notably higher than the margins of 11.35% in 2022, 9.31% in 2021, and 9.06% in 2019, illustrating a positive trend of improving profitability. This improvement suggests that Match Group Inc. has effectively managed its costs and expenses relative to its revenue.
Moreover, the company's net profit margin of 19.37% in 2023 is also substantially higher than the margin of 5.38% in 2020, indicating a strong recovery from a lower profitability level in the previous year. This recovery could be a result of strategic initiatives, operational efficiency improvements, or cost management strategies implemented by the company.
Overall, the increasing trend in Match Group Inc.'s net profit margin reflects positive operational performance and financial health, indicating the company's ability to translate its revenue into higher profits over the years.
Peer comparison
Dec 31, 2023