Angi Q3 2023: Revenue $372M (-14% pro forma), Adj EBITDA $26M, sells Roofing unit

Angi Inc.

2023-Q3 EPS reported -$0.07 revenue$1,139,312,000

Revenue $371.8M (-14% pro forma net YoY); operating loss improved to $10.1M from $11.1M.
Adjusted EBITDA $25.9M, +13%; Services segment turned Adj EBITDA positive at $3.5M.
Completed sale of Total Home Roofing on Nov 1, 2023 for undisclosed sum; segment to be discontinued.
Full-year 2023 guidance: Adj EBITDA $100-110M; intends to use remaining 14M share repurchase authorization.
Free Cash Flow for 9 months positive $52.7M vs -$84.2M in prior year.

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 2023 results: revenue $371.8, net income $(5.4) million, EPS $(0.01) per diluted share.

Period: Q3 2023
Revenue: $371.8
Net income: $(5.4) million
EPS: $(0.01) per diluted share
Result: reported results

Exact text from the filing

ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q3 2023 Q3 2022 Growth Revenue $ 371.8 $ 498.0 -25 % Pro Forma Net Revenue 371.8 433.3 -14 % Gross profit 343.1 389.0 -12 % Operating loss (10.1 ) (11.1 ) 9 % Net loss (5.4 ) (17.5 ) 69 % Diluted loss per share (0.01 ) (0.03 ) 70 %

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Angi Inc. updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2023, Angi Inc. expects $60-$25 million of operating loss and $100-$110 million of Adjusted EBITDA.

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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 0001104659-23-115254

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