ANGI Homeservices Q1 2024 Earnings Report
Key Takeaways
Angi Inc. reported a decrease in revenue by 14% year-over-year, but showed improvements in operating income and Adjusted EBITDA. Revenue was $305.4 million, while operating income improved by $14 million to $3 million, and Adjusted EBITDA increased by 21% to $36 million.
Angi Inc. appointed Jeff Kip to CEO, succeeding Joey Levin.
Revenue decreased by 14% year-over-year, driven by declines across the Domestic business, partially offset by 18% International growth.
Operating income increased $14 million to $3 million and Adjusted EBITDA increased 21% to $36 million.
Transacting Service Professionals were 192,000, down 7% year-over-year but improving sequentially for the 3rd consecutive quarter.
ANGI Homeservices
ANGI Homeservices
Forward Guidance
For the full year 2024, Angi Inc. expects ($20)-$40 million of operating (loss) income and $120-$150 million of Adjusted EBITDA.