Angi Q1 revenue $392M, operating loss narrows to $10M; Adjusted EBITDA turns positive $30.5M

Angi Inc.

2023-Q1 EPS reported -$0.03 revenue$392,407,000

Revenue $392.4M (-10% YoY); pro forma net revenue up 1% to $388.7M after Services revenue recognition change.
Operating loss improved to $10.5M from $34.0M loss; Adjusted EBITDA rose to $30.5M from ($3.2M) loss.
Services segment loss narrowed 52%; Roofing turned profitable; Free Cash Flow positive $7.2M vs negative $27.6M.
Transacting Service Professionals fell 17% to 206k; Monetized Transactions down 5% to 6.5M.
FY 2023 guidance: operating loss $15-$70M; Adjusted EBITDA $100-$130M.

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 0.9

Angi Inc. reported Q1 2023 results: revenue $ 392.4, net income Net loss (15.3 ), EPS (0.03 ).

Period: Q1 2023
Revenue: $ 392.4
Net income: Net loss (15.3 )
EPS: (0.03 )
Result: reported results

Exact text from the filing

available on the Investor Relations section of IAC’s website at ir.iac.com . ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q1 2023 Q1 2022 Growth Revenue $ 392.4 $ 436.2 -10 % Pro Forma Net Revenue 388.7 384.5 1 % Gross profit 350.4 337.2 4 % Operating loss (10.5 ) (34.0 ) 69 % Net loss (15.3 ) (33.4 ) 54 % Diluted loss per share (0.03 )

View on SEC.gov

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

Angi Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-057745

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.