Angi Q1 revenue down 14% to $305M, operating income turns positive, Adj EBITDA up 21% to $36M

Angi Inc.

2024-Q1 EPS reported $0.00 revenue$305,390,000

Revenue $305M (-14% YoY); net loss $1.6M vs $15.3M loss; diluted EPS $0.00.
Operating income $2.7M vs loss $10.9M; Adj EBITDA $36M (+21%).
Ads & Leads rev -15%, Services rev -28% pro forma; International +18%; Transacting SPs 192K (-7%).
Repurchased 3.2M shares for $7.1M; Jeff Kip appointed CEO (April 8).
FY2024 guidance: Adj EBITDA $120-150M; operating (loss) income ($20)-$40M.

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 Q1 2024 results: revenue $305.4, net income Net loss (1.6), EPS $(0.00) per diluted share.

Period: Q1 2024
Revenue: $305.4
Net income: Net loss (1.6)
EPS: $(0.00) per diluted share
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 2024 Q1 2023 Growth Revenue $ 305.4 $ 355.5 -14 % Operating income (loss) 2.7 (10.9) NM Net loss (1.6) (15.3) 89 % Diluted (loss) per share (0.00) (0.03) 89 % Adjusted EBITDA 36.0 29.7 21 % See reconciliations of

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Angi Inc. filing history →

Source: SEC EDGAR

accession 0001705110-24-000036

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