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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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