DENVER, July 17, 2024 (GLOBE NEWSWIRE) -- After the close of market trading on Tuesday, August 6, 2024, Angi Inc. (NASDAQ:ANGI) will post its second quarter results at ir.angi.com/quarterly-earnings. On Wednesday August 7, 2024, at 8:30 a.m. ET, Angi Inc. and IAC will host a conference call to answer questions regarding the companies' respective second quarter results. The live audiocast and replay will be open to the public through the investor relations section of the Angi site at ir.angi.com/quarterly-ea ...

DENVER, July 17, 2024 (GLOBE NEWSWIRE) -- After the close of market trading on Tuesday, August 6, 2024, Angi Inc. (NASDAQ: ANGI) will post its second quarter results at ir.angi.com/quarterly-earnings. On Wednesday August 7, 2024, at 8:30 a.m. ET, Angi Inc. and IAC will host a conference call to answer questions regarding the companies’ respective second quarter results. The live audiocast and replay will be open to the public through the investor relations section of the Angi site at ir.angi.com/quarterly-e ...

DENVER, May 21, 2024 (GLOBE NEWSWIRE) -- Angi, a leading and comprehensive solution for improving and maintaining homes, today released its Skilled Trades in America Report. The report highlights a trend that stands in stark contrast to anxieties in many sectors: exceptionally high job satisfaction in the skilled trades industry. While concerns about AI replacing jobs are prevalent across industries, skilled trades professionals report feeling secure. According to Angi’s data, a staggering 90% of tradespeop ...

DENVER, May 21, 2024 (GLOBE NEWSWIRE) -- Angi, a leading and comprehensive solution for improving and maintaining homes, today released its Skilled Trades in America Report. The report highlights a trend that stands in stark contrast to anxieties in many sectors: exceptionally high job satisfaction in the skilled trades industry. While concerns about AI replacing jobs are prevalent across industries, skilled trades professionals report feeling secure. According to Angi's data, a staggering 90% of tradespeop ...

Angi Inc. (NASDAQ:ANGI) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Jeff Kip - CEO Christopher Halpin - CFO Angi, Inc., and COO, IAC Joey Levin - CEO, IAC and CEO and Chairman, Angi, Inc. Conference Call Participants Cory Carpenter - JP Morgan Jason Helfstein - Oppenheimer Justin Patterson - KeyBanc Eric Sheridan - Goldman Sachs Brian Fitzgerald - Wells Fargo Dan Kurnos - The Benchmark Company Brent Thill - Jefferies Thomas Champion - Piper Sandler Operator Good day and welc ...

For the quarter ended March 2024, Angi (ANGI) reported revenue of $305.39 million, down 22.2% over the same period last year. EPS came in at $0.00, compared to -$0.03 in the year-ago quarter.The reported revenue represents a surprise of +2.56% over the Zacks Consensus Estimate of $297.78 million. With the consensus EPS estimate being -$0.01, the EPS surprise was +100.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Angi (ANGI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this provider of a digital marketplace for home services would post a loss of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of 150%.Over the last four quar ...

Table of Contents As filed with the Securities and Exchange Commission on May 7, 2024 | --- | --- | |--------------------------------------------------------------------------|------------| | UNITED STATES SECURITIES AND EXCHANGE Washington, D.C. 20549 | COMMISSION | | | FORM 10-Q | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 ...

Revenue Performance - Q1 2024 revenue was $305.4 million, down 14% year-over-year, driven by a 15% decline in Ads and Leads revenue and a 28% decline in Services revenue, partially offset by 18% growth in International revenue[2][5] - Revenue for Q1 2024 was $305.39 million, a decrease of 14.1% compared to $355.50 million in Q1 2023[17] - Total Pro Forma Net Revenue for Angi Inc. in Q1 2024 was $305.4 million, compared to $351.8 million in Q1 2023[25] - Pro Forma Net Revenue for Services in Q1 2024 was $20.5 million, compared to $28.4 million in Q1 2023, reflecting a $3.7 million adjustment for contracts entered into prior to January 1, 2023[25][35] Operating Income and Adjusted EBITDA - Q1 2024 operating income improved by $14 million to $3 million, and Adjusted EBITDA increased 21% to $36 million, driven by growth in Ads and Leads, Services, and International segments[1][3][6] - Adjusted EBITDA for Q1 2024 was $36.0 million, with the Ads and Leads segment contributing $41.2 million[21] - Adjusted EBITDA for the three months ended March 31, 2023, was $29.7 million, with Ads and Leads contributing $39.9 million, Services at $(2.2) million, and Corporate at $(12.4) million[22] - FY 2024 Adjusted EBITDA outlook is projected to be between $120 million and $150 million, with operating loss expected to range from $(20) million to $40 million[24] - Adjusted EBITDA excludes stock-based compensation expense, depreciation, and acquisition-related items such as amortization of intangible assets and impairments of goodwill[28] International Segment Performance - International revenue increased 18% to $35.4 million in Q1 2024, driven by a larger service professional network and higher revenue-per-service-professional[5] - International segment reported an operating income of $3.0 million and Adjusted EBITDA of $4.4 million for the three months ended March 31, 2023[22] Service Professionals and Transactions - Transacting Service Professionals were 192,000 in Q1 2024, down 7% year-over-year, but improved sequentially for the 3rd consecutive quarter[3] - Monetized Transactions per Service Request increased 24% to 1.34 in Q1 2024[3] - Service Requests decreased 31% year-over-year to 4,126,000 in Q1 2024, while Monetized Transactions decreased 15% to 5,511,000[8] Financial Position and Cash Flow - As of March 31, 2024, Angi Inc. had $363 million in cash and cash equivalents and $500 million of debt due August 15, 2028[11] - Free Cash Flow increased $0.2 million to $9.5 million in Q1 2024, primarily due to higher Adjusted EBITDA[9][10] - Cash and cash equivalents stood at $363.34 million as of March 31, 2024, slightly down from $364.04 million at the end of 2023[18] - Net cash provided by operating activities attributable to continuing operations was $22.30 million in Q1 2024, up from $21.17 million in Q1 2023[19] - Free Cash Flow is defined as net cash provided by operating activities attributable to continuing operations, less capital expenditures, and is used to evaluate the company's cash generation[29] Costs and Expenses - Total operating costs and expenses decreased to $290.18 million in Q1 2024 from $349.44 million in Q1 2023, a reduction of 16.9%[17] - Stock-based compensation expense totaled $9.40 million in Q1 2024, down from $12.71 million in Q1 2023[17] - Depreciation for FY 2024 is expected to be between $80 million and $100 million, while stock-based compensation expense is projected to range from $30 million to $40 million[24] - Capital expenditures for Q1 2024 were $12.80 million, slightly higher than $11.86 million in Q1 2023[19] Shareholder Equity and Share Repurchases - Total shareholders' equity was $1.04 billion as of March 31, 2024, compared to $1.04 billion at the end of 2023[18] - Angi Inc. repurchased 3.2 million common shares between February 10, 2024, and May 3, 2024, for an aggregate of $7.1 million at an average share price of $2.23 per share[3][11] Net Loss and Corporate Segment - Net loss attributable to Angi Inc. shareholders was $1.63 million in Q1 2024, an improvement from a net loss of $15.33 million in Q1 2023[17] - Corporate segment incurred an operating loss of $(14.9) million and Adjusted EBITDA of $(12.4) million for the three months ended March 31, 2023[22] Total Assets and Liabilities - Total assets decreased to $1.83 billion as of March 31, 2024, compared to $1.86 billion at the end of 2023[18] Services Segment Adjustments - The company modified Services terms and conditions effective January 1, 2023, requiring revenue to be reported on a net basis, impacting Pro Forma Net Revenue calculations[27][35]

DENVER, May 06, 2024 (GLOBE NEWSWIRE) -- Angi, a leading and comprehensive solution for improving and maintaining homes, today launched several new initiatives in advance of May 7th's National Signing Day–a day to acknowledge and celebrate students who pursue an undergraduate or graduate trade school training program. Launched today, the Angi Trade Up Scholarship Program will provide scholarships for students in construction-related programs at trade schools nationwide. Angi also announced an expanded partn ...