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Mar 31, 2021
ANGI Homeservices Q1 2021 Earnings Report
ANGI Inc. reported a 13% increase in Q1 revenue, reaching $387 million.
Key Takeaways
Angi Inc. reported a strong first quarter with revenue increasing by 13% to $387 million. The company also recorded an income tax benefit of $9.3 million.
Q1 revenue increased 13% to $387 million.
The company recorded an income tax benefit of $9.3 million in Q1 2021.
Free Cash Flow decreased $46.1 million to negative $3.4 million.
Angi Group’s $250 million revolving credit facility had no borrowings as of March 31, 2021.
Forward Guidance
IAC and Angi Inc. will live stream a joint video conference call to answer questions regarding their first quarter results on Friday, May 7, 2021, at 8:30 a.m. Eastern Time. This live stream will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of IAC and Angi Inc.’s business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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