What does video — goodwill impairment mean?

A write-down of the value of goodwill in the Video segment due to poor performance.

How do you interpret video — goodwill impairment?

An increase is a negative signal indicating that previous acquisitions are not meeting performance expectations.

How does video — goodwill impairment compare across companies?

Common across all industries; high impairment is a red flag for management's capital allocation track record.

Match Group MTCH Video — Goodwill Impairment

Discontinued — last reported Q1 '20

Similar metrics at other companies

GMEVideo Game Brands United States — Goodwill Impairment

$0-100%

TWarnerMedia — Goodwill impairment

$0—

DOWPerformance Materials & Coatings — Goodwill, Impairment Loss

$0—

ITOther — Goodwill impairment

$37.5M—

OSKVocational — Goodwill Impairment

$0—

HASConsumer Products — Goodwill, Impairment Loss

$1.02B—

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 us-gaap:GoodwillImpairmentLoss.

The official record: Match Group’s 10-Q, filed May 8, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does video — goodwill impairment mean?: A write-down of the value of goodwill in the Video segment due to poor performance.
How do you interpret video — goodwill impairment?: An increase is a negative signal indicating that previous acquisitions are not meeting performance expectations.
How does video — goodwill impairment compare across companies?: Common across all industries; high impairment is a red flag for management's capital allocation track record.