Loading...
•
Jun 30, 2023
ANGI Homeservices Q2 2023 Earnings Report
Angi Inc. reported an improvement in Q2 operating loss by 20% to $17 million and an 89% increase in Adjusted EBITDA to $18 million.
Key Takeaways
Angi Inc. released its second quarter results, showing an improvement in operating loss and Adjusted EBITDA.
Q2 operating loss improved 20% to $17 million.
Q2 Adjusted EBITDA improved 89% to $18 million.
The company recorded an income tax benefit of $2.1 million in Q2 2023.
Free Cash Flow increased $110.5 million to $55.5 million due primarily to $39.8 million lower capital expenditures, favorable working capital and higher Adjusted EBITDA.
ANGI Homeservices
ANGI Homeservices
Forward Guidance
The conference call on August 9, 2023, will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of IAC’s and Angi Inc.’s businesses.