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Dec 31, 2022
ANGI Homeservices Q4 2022 Earnings Report
Angi Inc. reported an operating loss of $60 million and improved Adjusted EBITDA by $19 million to $16 million.
Key Takeaways
Angi Inc. released its fourth quarter results, revealing a Q4 operating loss of $60 million, while Adjusted EBITDA improved by $19 million to $16 million.
Q4 operating loss was $60 million.
Adjusted EBITDA improved $19 million to $16 million.
Effective January 1, 2023, modified the Services terms and conditions so that the service professional, rather than Angi Inc., has the contractual relationship with the consumer to deliver the service.
Recorded an income tax benefit of $6.6 million in Q4 2022.
ANGI Homeservices
ANGI Homeservices
Forward Guidance
The conference call on February 14, 2023, will include forward-looking information that may be material to investors.