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Sep 30, 2023

ANGI Homeservices Q3 2023 Earnings Report

Angi Inc. reported an improved operating loss and Adjusted EBITDA for Q3 2023.

Key Takeaways

Angi Inc. reported an improvement in Q3 2023 operating loss by 9% to $10 million and an improvement in Adjusted EBITDA by 13% to $26 million.

Operating loss improved 9% to $10 million.

Adjusted EBITDA improved 13% to $26 million.

The company recorded an income tax benefit of $6.0 million in Q3 2023.

Free Cash Flow increased $136.9 million to $52.7 million.

Total Revenue
$372M
Previous year: $498M
-25.3%
EPS
-$0.01
Previous year: -$0.03
-66.7%
Gross Profit
$343M
Previous year: $389M
-11.8%
Cash and Equivalents
$367M
Previous year: $329M
+11.6%
Free Cash Flow
$52.7M
Previous year: -$84.2M
-162.6%
Total Assets
$1.91B
Previous year: $1.97B
-3.2%

ANGI Homeservices

ANGI Homeservices

Forward Guidance

IAC and Angi Inc. will host a conference call to answer questions regarding their third quarter results on Wednesday, November 8, 2023.