Match Group (MTCH) FY2017 results: revenue $3.3 billion, up 5.3% on the year
Match Group, Inc. (MTCH) reported revenue of $3.3 billion for fiscal 2017, the year ended 31 December 2017, up 5.3% on the year before. Net income was $305 million, and diluted earnings per share $3.18. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$3.3 billion
+5.3% on the year
FY2010FY2017
Operating margin
5.7%
-1.0% a year earlier
FY2010FY2017
Net income
$305 million
FY2010FY2017
Diluted EPS
$3.18
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,307
3,140
3,231
+5.3%
Cost of revenue
651
756
778
-13.9%
Gross profit
2,656
2,384
2,453
+11.4%
Gross margin
80.3%
75.9%
75.9%
Research and development
251
213
197
+17.9%
Operating income
188
-32.6
180
Operating margin
5.7%
-1.0%
5.6%
Interest expense
105
109
73.6
-3.5%
Pre-tax income
67.0
-81.1
143
Income tax
-291
-64.9
29.5
Effective tax rate
-434.7%
n/a
20.7%
Net income
305
-41.3
119
Net margin
9.2%
-1.3%
3.7%
Diluted EPS
$3.18
-$0.52
$1.33
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
417
344
406
+21.1%
Capital expenditure
75.5
78.0
62.0
-3.2%
Free cash flow
341
266
344
+28.2%
Free cash flow margin
10.3%
8.5%
10.6%
Cash from investing
42.0
12.9
-583
+226.9%
Cash from financing
-197
-492
678
Depreciation and amortisation
116
151
202
-23.0%
Share-based compensation
265
105
105
+152.4%
Buybacks
56.4
309
200
-81.7%
Dividends paid
0.0
0.0
113
Dividend per share
$0.00
$0.00
$1.36
Diluted shares, weighted
85m
80m
88m
+6.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,430
1,869
1,805
+30.0%
Non-controlling interest
517
141
411
+265.4%
Redeemable equity
42.9
32.8
30.4
+30.6%
Debt
2,102
1,623
1,800
+29.5%
Other liabilities
776
979
1,143
-20.8%
Total liabilities and equity
5,868
4,646
5,189
+26.3%
Fixed assets
315
306
303
+2.9%
Goodwill
2,559
1,924
2,245
+33.0%
Intangible assets
664
355
441
+86.7%
Investments
70.0
212
165
-67.0%
Cash and equivalents
273
1,329
1,481
-79.5%
Receivables
304
220
250
+38.1%
Other assets
1,683
299
303
+463.6%
Total assets
5,868
4,646
5,189
+26.3%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.