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Dec 31, 2024
ANGI Homeservices Q4 2024 Earnings Report
Expected Revenue:$267M
-13.9% YoY
Expected EPS:-$0.01
252.9% YoY
Key Takeaways
Angi Inc. reported a decrease in revenue by 11% year-over-year, alongside declines in operating income and Adjusted EBITDA, impacted by legal fee recoveries in the previous year. The company is set for a spin-off from IAC, expected in the first half of 2025.
IAC's Board approved a plan to spin off its full stake in Angi Inc.
Joey Levin was appointed as Executive Chairman of Angi Inc.
Operating income decreased by $5 million to $2 million.
Revenue was $267.9 million, down 11% year-over-year.
ANGI Homeservices
ANGI Homeservices
Forward Guidance
Angi Inc. anticipates breakeven operating income and over $20 million of Adjusted EBITDA for Q1 2025. For the full year 2025, the company expects $25-$60 million of operating income and $135-$150 million of Adjusted EBITDA.
Positive Outlook
- Expects breakeven operating income for Q1 2025.
- Anticipates over $20 million of Adjusted EBITDA for Q1 2025.
- Expects $25-$60 million of operating income for the full year 2025.
- Projects $135-$150 million of Adjusted EBITDA for the full year 2025.