Angi Q4 2022 revenue $441.5M (+6% YoY); operating loss widens to $60M, adjusted EBITDA turns positive $15.7M

Angi Inc.

2022-FY EPS reported -$0.26 revenue$1,891,524,000

Net loss $53.3M ($0.11 diluted EPS) vs net loss $26.0M ($0.05) in Q4 2021.
Gross profit up 8% to $339.3M; operating loss includes $26M goodwill impairment at Roofing.
Ads and Leads revenue +7% to $299.9M, Services +10% to $90.7M, Roofing +5% to $32.2M.
FY 2023 guidance: operating loss $45-$110M, Adjusted EBITDA $60-$100M.
Free cash flow negative $89.3M for FY2022 vs negative $64M; $321M cash, $500M debt.

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 0.95

Angi Inc. reported Q4 2022 results: revenue $ 441.5. Guidance initiated.

Period: Q4 2022
Revenue: $ 441.5
Guidance: initiated
Result: reported results

Exact text from the filing

Relations section of IAC’s website at ir.iac.com . ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q4 2022 Q4 2021 Growth FY 2022 FY 2021 Growth Revenue $ 441.5 $ 415.9 6 % $ 1,891.5 $ 1,685.4 12 % Gross profit 339.3 313.0 8 % 1,453.5 1,359.6 7 % Operating loss (60.4 ) (28.9 ) -109 % (126.3 ) (76.5 ) -65 % Net loss (53.3 ) (26.0 ) -105 %

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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 0001104659-23-019739

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