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Mar 31, 2022
ANGI Homeservices Q1 2022 Earnings Report
Revenue increased by 13% to $436 million.
Key Takeaways
Angi Inc. reported a 13% increase in revenue, reaching $436 million for the first quarter of 2022. The company recorded an income tax benefit of $6.1 million. Free Cash Flow decreased $24.2 million to negative $27.6 million due primarily to lower Adjusted EBITDA and higher capital expenditures.
Q1 revenue increased 13% to $436 million.
Recorded an income tax benefit of $6.1 million in Q1 2022.
Free Cash Flow decreased $24.2 million to negative $27.6 million.
As of March 31, 2022, Angi Inc. has 15.0 million shares remaining in its stock repurchase authorization.
Forward Guidance
IAC and Angi Inc. will live stream a joint video conference call to answer questions regarding their first quarter results on Tuesday, May 10, 2022, 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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