Angi Q2 revenue $315M (-10% YoY) but operating income turns to $9M profit vs -$15M loss; Adj EBITDA +115% to $42M

Angi Inc.

2024-Q2 EPS reported $0.00 revenue$620,524,000

Revenue $315.1M, down 10% YoY; operating income $9.2M vs ($15.4M) loss; net earnings $3.8M vs ($14.7M) loss.
Adjusted EBITDA $42.2M, up 115% YoY; Ads & Leads segment Adjusted EBITDA up 74% to $49.0M.
International revenue up 14% to $33.2M; International Adjusted EBITDA up 81% to $5.1M.
Repurchased 4.1M shares at avg $2.11; new authorization of 25M shares approved.
FY2024 guidance: operating (loss) income ($10)-$40M, Adjusted EBITDA $130-$150M.

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