Angi Q2 net loss $14.7M; Adj EBITDA up 89% to $18.3M; revenue -27%

Angi Inc.

2023-Q2 EPS reported -$0.06 revenue$767,475,000

Revenue $375.1M (-27% YoY); pro forma net revenue -16% to $375.6M.
Adjusted EBITDA $18.3M (+89% YoY); operating loss improved 20% to $16.7M.
Services segment Adj EBITDA turned positive at $1.7M from -$13.9M.
Full-year 2023 guidance: operating loss $15-$70M, Adj EBITDA $100-$130M.
Share repurchases of 1.1M shares for $3.4M in Q2.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angi Inc. reported Q2 2023 results: revenue $375.1, net income Net loss (14.7), EPS (0.03). Guidance reaffirmed.

Period: Q2 2023
Revenue: $375.1
Net income: Net loss (14.7)
EPS: (0.03)
Guidance: reaffirmed
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) Q2 2023 Q2 2022 Growth Revenue $ 375.1 $ 515.8 -27 % Pro Forma Net Revenue 375.6 444.7 -16 % Gross profit 343.4 388.0 -11 % Operating loss (16.7 ) (20.9 ) 20 % Net loss (14.7 ) (24.2 ) 39 % Diluted loss per share (0.03

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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 0001104659-23-088865

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