Angi Q4 rev $267.9M (-11% YoY), Adj EBITDA $31.8M; IAC spin-off plan announced for H1 2025

Angi Inc.

2024-FY EPS reported $0.07 revenue$1,185,112,000

IAC Board approved spin-off of Angi Inc. to IAC shareholders; expected close H1 2025, no earlier than March 31.
Joey Levin appointed Executive Chairman; to step down as IAC CEO upon spin-off or May 31, 2025.
Q4 revenue $267.9M (down 11% YoY), operating income $2.2M (down 72%), Adj EBITDA $31.8M (down 23%).
Full year 2024 Adj EBITDA $145.3M (up 23% YoY); Free Cash Flow $105.4M (up $59M).
FY 2025 guidance: Adj EBITDA $135-150M; Q1 over $20M. Operating income $25-60M.

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