What does operating segments — adjusted EBITDA mean?

A measure of core operational profitability that excludes non-cash expenses and financing costs.

How do you interpret operating segments — adjusted EBITDA?

An increase indicates improved operational efficiency and stronger core earnings power, while a decrease suggests margin compression or rising operational costs.

How does operating segments — adjusted EBITDA compare across companies?

Commonly reported as Segment EBITDA or Adjusted EBITDA across technology and subscription-based service companies.

Match Group MTCH Operating Segments — Adjusted EBITDA

Discontinued — last reported Q1 '18

Similar metrics at other companies

HOperating Segments — Adjusted EBITDA

$228M-5.4%

IROperating Segments — Adjusted EBITDA

$150.7M+50.2%

EHCOperating Segments — Adjusted EBITDA

$257.3M+12.2%

MTZ

MTZOperating Segments — Ebitda

$130.4M-7.5%

ALBOperating Segments — Adjusted EBITDA

$572.17M+16.9%

QSROperating Segments — Adjusted Earnings Before Interest Tax Depreciation And Amortization

$506.3M+14.2%

Other financials

Income statement

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Revenue$863.9M+3.9%

Gross profit$653.3M+9.9%

Operating income$236.4M+37.0%

Net income$166.8M+41.9%

EPS (diluted)$0.68+54.5%

Balance sheet

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Cash & equivalents$1.0B+149%

Total debt$4.0B+16.0%

Total equity-$218.1M-19.4%

Total assets$4.4B+13.3%

Cash flow

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Operating cash flow$194.4M+0.6%

CapEx$20.4M+32.1%

Free cash flow$174.0M-2.1%

Valuation

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Market cap$8.27B-8.6%

Enterprise value$11.22B-6.8%

P/E12.5×-4.1×

P/S2.4×-0.3×

Profitability

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Gross margin73.8%+2.0pp

Operating margin26.6%+3.1pp

Net margin18.8%+3.0pp

FCF margin29%+6.0pp

Returns & leverage

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Return on equity6%—

Debt / equity1.5×—

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Match Group in its filing.

Tagged under the XBRL concept iac:AdjustedEBITDA.

The official record: Match Group’s 10-Q, filed May 10, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — adjusted EBITDA mean?: A measure of core operational profitability that excludes non-cash expenses and financing costs.
How do you interpret operating segments — adjusted EBITDA?: An increase indicates improved operational efficiency and stronger core earnings power, while a decrease suggests margin compression or rising operational costs.
How does operating segments — adjusted EBITDA compare across companies?: Commonly reported as Segment EBITDA or Adjusted EBITDA across technology and subscription-based service companies.