Angi Q3 revenue up 8% to $498M; operating loss improves 26%, Adj. EBITDA up 85%

Angi Inc.

2022-Q3 EPS reported -$0.15 revenue$1,449,977,000

Revenue $498M (+8% YoY); gross profit $389M (+7%); operating loss improved to $11.1M from $15.0M.
Adjusted EBITDA $22.9M, up 85% YoY; net loss $17.5M, similar to prior year.
Angi Ads & Leads +7% to $347.7M; Angi Services +12% to $131.9M; Europe +2% (19% local currency).
Service requests -11%, Monetized Transactions -10%, both declining; free cash flow negative $84.2M YTD.
Cash $329M, debt $500M due 2028; 15M shares remaining in buyback authorization.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Angi Inc. reported Q3 2022 results: revenue $ 498.0, net income (17.5 ), EPS (0.03 ).

Period: Q3 2022
Revenue: $ 498.0
Net income: (17.5 )
EPS: (0.03 )
Result: reported results

Exact text from the filing

ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q3 2022 Q3 2021 Growth Revenue $ 498.0 $ 461.6 8 % Gross profit 389.0 362.1 7 % Operating loss (11.1 ) (15.0 ) 26 % Net loss (17.5 ) (17.0 ) -3 % Diluted loss per share (0.03 ) (0.03 ) -3 %

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Angi Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-116003

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