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Sep 30, 2022

ANGI Homeservices Q3 2022 Earnings Report

Operating loss improved and Adjusted EBITDA improved in the third quarter.

Key Takeaways

Angi Inc. reported its Q3 2022 results with an improved operating loss and Adjusted EBITDA.

Q3 operating loss improved 26% to $11 million.

Q3 Adjusted EBITDA improved 85% to $23 million.

The Company recorded an income tax benefit of $0.9 million in Q3 2022.

As of September 30, 2022, Angi Inc. has 15.0 million shares remaining in its stock repurchase authorization.

Total Revenue
$498M
Previous year: $462M
+7.9%
EPS
-$0.03
Previous year: -$0.03
+0.0%
Gross Profit
$389M
Previous year: $362M
+7.4%
Cash and Equivalents
$329M
Previous year: $477M
-31.0%
Free Cash Flow
-$84.2M
Previous year: -$49.7M
+69.4%
Total Assets
$1.97B
Previous year: $2.08B
-5.2%

ANGI Homeservices

ANGI Homeservices

Forward Guidance

The conference call on November 9, 2022, 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.