Angi Q4 2023: Revenue $300M (-27% YoY), Op income $7.6M vs -$28.2M, Adj EBITDA $41M +96%

Angi Inc.

2023-FY EPS reported -$0.08 revenue$1,358,748,000

Q4 revenue $300.4M (-27% YoY); pro forma net revenue -16%; Ads & Leads -18%; Services -71%.
Op income $7.6M vs -$28.2M YoY; Adj EBITDA $41.4M (+96%); includes $11M legal fee insurance benefit.
Services segment Adj EBITDA improved $22.8M to $5.1M due to lower sales/marketing and exit of complex services.
FY2024 outlook: operating (loss) income ($20)-$40M, Adj EBITDA $120-$150M.
Between Nov 9 and Feb 9, repurchased 6.1M shares at avg $2.32 for $14M; 7.9M remaining in 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 0.98

Angi Inc. reported Q4 2023 results: revenue $300.4 million, net income $(5.6) million, EPS $(0.01).

Period: Q4 2023
Revenue: $300.4 million
Net income: $(5.6) million
EPS: $(0.01)
Result: reported results

Exact text from the filing

loss per share (0.01 ) (0.11 ) 90 % Adjusted EBITDA 41.4 21.1 96 % See reconciliations of GAAP to non-GAAP measures beginning on page 10. Q4 2023 HIGHLIGHTS • Revenue was $300 million, reflecting the impact of the change to net revenue recognition for Services, which took effect January 1, 2023. On a pro forma net basis, revenue decreased 16% in Q4 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Angi Inc. updated its Full year 2024 guidance (initiated).

Period: Full year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2024, Angi Inc. expects ($20)-$40 million of operating (loss) income and $120-$150 million of Adjusted EBITDA.

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 0001104659-24-019921

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