Match Group Inc (MTCH)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 776,768 | 618,879 | 584,401 | 366,098 | 377,355 | 315,481 | 288,741 | 506,794 | 489,631 | 865,793 | 874,637 | 799,739 | 383,994 | 148,834 | 119,937 | 151,183 | 435,516 | 534,089 | 531,837 | 647,047 |
| Revenue (ttm) | US$ in thousands | 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 | 2,391,269 | 2,287,029 | 2,188,752 | 2,131,275 | 2,051,258 | 2,621,291 | 3,158,978 | 3,730,045 |
| Pretax margin | 23.09% | 18.84% | 18.19% | 11.52% | 11.83% | 9.83% | 9.02% | 16.27% | 16.41% | 30.61% | 32.80% | 31.81% | 16.06% | 6.51% | 5.48% | 7.09% | 21.23% | 20.38% | 16.84% | 17.35% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $776,768K ÷ $3,364,504K
= 23.09%
Match Group Inc.'s pretax margin has shown significant variability over the past eight quarters. In Q4 2023, the pretax margin reached 23.09%, the highest level in recent quarters, indicating that the company was able to generate strong profits before accounting for taxes during this period. This performance represents an improvement compared to the previous quarter and is substantially higher than the pretax margins seen in the same period in the prior year.
The gradual increase in pretax margin from Q1 2023 to Q4 2023 suggests improving operational efficiency and cost management within Match Group Inc. However, it's important to note that the pretax margin fluctuated in the preceding quarters, with some periods showing lower profitability levels.
Overall, the upward trend in the pretax margin is a positive indication of the company's ability to generate profits before tax expenses, but it may be prudent to analyze additional factors such as revenue growth and operating expenses to gain a more comprehensive understanding of Match Group Inc.'s financial performance.
Peer comparison
Dec 31, 2023