Angi Q3 revenue falls 16% to $297M; IAC considers spin-off of Angi

Angi Inc.

2024-Q3 EPS reported $0.07 revenue$917,243,000

Q3 revenue $296.7M, down 16% YoY; net income $35.2M vs. loss of $5.4M; diluted EPS $0.07.
Adjusted EBITDA $35.4M, up 27% YoY; operating income $7.8M vs. loss of $7.9M.
IAC announced it is considering a spin-off of its ownership stake in Angi to IAC shareholders.
Ads and Leads revenue down 17%, Services down 21%, International up 9%; Service Requests down 26%.
FY2024 outlook: operating income $10-$35M, Adj EBITDA $140-$145M; repurchased 2.5M shares for $6.2M.

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