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Mar 31, 2024
ANGI Homeservices Q1 2024 Earnings Report
Angi Inc. reported mixed results for Q1 2024, with revenue declining but operating income and Adjusted EBITDA improving.
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.
Revenue by Geographic Location
Forward Guidance
For the full year 2024, Angi Inc. expects ($20)-$40 million of operating (loss) income and $120-$150 million of Adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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