Angi Q2 revenue up 23% to $516M, net loss narrows to $24.2M; Adj EBITDA positive $9.7M

Angi Inc.

2022-Q2 EPS reported -$0.11 revenue$951,941,000

Revenue increased 23% YoY to $515.8M; 7th consecutive quarter of double-digit growth.
Net loss attributable to shareholders was $24.2M ($0.05 diluted EPS), improving from $30.3M loss in Q2 2021.
Adjusted EBITDA turned positive to $9.7M (from -$4.4M in Q2 2021) on lower real estate costs and higher gross profit.
Angi Services revenue doubled to $150.9M (107% YoY), now 29% of total revenue.
Transacting Service Professionals 220,000 (-2% YoY); Monetized Transactions 4.7M (-5% YoY).

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