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Sep 30, 2024
ANGI Homeservices Q3 2024 Earnings Report
Angi Inc. reported improved operating income and Adjusted EBITDA driven by Ads and Leads and Services.
Key Takeaways
Angi Inc. reported a decrease in revenue by 16% year-over-year, but operating income improved by $16 million to $8 million, and Adjusted EBITDA increased by 27% to $35 million. IAC announced it is considering a spin-off of its ownership stake in Angi Inc. to its shareholders.
IAC announced it is considering a spin-off of its ownership stake in Angi Inc. to its shareholders.
Operating income increased $16 million to $8 million and Adjusted EBITDA increased 27% to $35 million driven by Ads and Leads and Services.
International revenue grew 9%.
Monetized Transactions per Service Request increased 26% to 1.53.
Revenue by Geographic Location
Forward Guidance
For the full year 2024, Angi Inc. expects $10-$35 million of operating income and $140-$145 million of Adjusted EBITDA.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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