Match Group (MTCH) FY2016 results: revenue $3.1 billion, down 2.8% on the year
Match Group, Inc. (MTCH) reported revenue of $3.1 billion for fiscal 2016, the year ended 31 December 2016, down 2.8% on the year before. Net income was -$41 million, and diluted earnings per share $-0.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$3.1 billion
-2.8% on the year
FY2009FY2016
Operating margin
-1.0%
5.6% a year earlier
FY2009FY2016
Net income
-$41 million
FY2009FY2016
Diluted EPS
-$0.52
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
3,140
3,231
3,110
-2.8%
Cost of revenue
756
778
860
-2.9%
Gross profit
2,384
2,453
2,249
-2.8%
Gross margin
75.9%
75.9%
72.3%
Research and development
213
197
169
+8.2%
Operating income
-32.6
180
379
Operating margin
-1.0%
5.6%
12.2%
Interest expense
109
73.6
56.3
+48.2%
Pre-tax income
-81.1
143
270
Income tax
-64.9
29.5
35.4
Effective tax rate
n/a
20.7%
13.1%
Net income
-41.3
119
415
Net margin
-1.3%
3.7%
13.3%
Diluted EPS
-$0.52
$1.33
$4.68
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
344
406
424
-15.2%
Capital expenditure
78.0
62.0
57.2
+25.8%
Free cash flow
266
344
367
-22.6%
Free cash flow margin
8.5%
10.6%
11.8%
Cash from investing
12.9
-583
n/a
Cash from financing
-492
678
n/a
Depreciation and amortisation
151
202
119
-25.3%
Share-based compensation
105
105
59.6
-0.6%
Buybacks
309
200
0.0
+54.5%
Dividends paid
0.0
113
97.3
Dividend per share
$0.00
$1.36
$1.16
Diluted shares, weighted
80m
88m
89m
-9.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,869
1,805
1,992
+3.6%
Non-controlling interest
141
411
1.2
-65.6%
Redeemable equity
32.8
30.4
40.4
+8.0%
Debt
1,623
1,800
1,080
-9.8%
Other liabilities
979
1,143
1,143
-14.3%
Total liabilities and equity
4,646
5,189
4,257
-10.5%
Fixed assets
306
303
302
+1.1%
Goodwill
1,924
2,245
1,755
-14.3%
Intangible assets
355
441
492
-19.4%
Investments
212
165
274
+28.6%
Cash and equivalents
1,329
1,481
990
-10.3%
Receivables
220
250
236
-12.0%
Other assets
299
303
207
-1.5%
Total assets
4,646
5,189
4,257
-10.5%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.