Mastercard Incorporated (NYSE: MA) announced financial results for the fourth-quarter and full-year 2020.
The following additional details are provided to aid in understanding Mastercard’s fourth-quarter 2020 results, versus the year-ago period:
Other income (expense) was favorable $34 million versus the year-ago period, primarily due to higher net unrealized gains recorded on equity investments in the current period versus the prior period.
Excluding this activity, adjusted other income (expense) was unfavorable by $67 million versus the yearago period, primarily due to increased interest expense related to debt issuances in the current year and lower investment income.
The following additional details are provided to aid in understanding Mastercard’s full-year 2020 results, versus the year-ago period:
Other income (expense) was unfavorable $388 million versus the year-ago period, in part due to lower net unrealized gains recorded on equity investments in the current period versus the prior period.
Excluding this activity, adjusted other income (expense) was unfavorable by $251 million versus the year-ago period, primarily due to increased interest expense related to recent debt issuances and lower investment income.
Source: investor.mastercard.com
