Angi Q2 2024: revenue $315.1M (-10%), op income $9.2M, Adj EBITDA $42.2M (+115%)

Angi Inc.

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

Revenue $315.1M, down 10% YoY; Ads & Leads revenue -12%, Services -18%, International +14%.
Operating income improved to $9.2M from loss of $15.4M; Adjusted EBITDA $42.2M, up 115% YoY.
Net earnings from continuing ops $4.1M ($0.01 diluted EPS) vs loss of $15.6M a year ago.
Board authorized new 25M share repurchase; repurchased 4.1M shares in Q2 for $8.6M.
FY 2024 guidance: operating loss/income ($10)-$40M, Adjusted EBITDA $130-$150M.

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