NASDAQ$ANGI

ANGI Homeservices Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Angi Inc. reported improved operating income and Adjusted EBITDA driven by Ads and Leads and Services.

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.

Headline financials

Total Revenue

$297M

Previous: $372M-20.2%
EPS

$0.07

Previous: -$0.01+800.0%
Capital Expenditures

-$37.5M

Previous: -$36.1M-4.0%
Free Cash Flow

-$2.18M

Previous: -$70.9M+96.9%
Net Income

$35.4M

Previous: -$34.8M+201.7%
Operating Income

$7.82M

Previous: -$10.1M+177.3%
Gross Profit

$282M

Previous: $343M-17.8%
Cash & Equivalents

$395M

Previous: $367M+7.7%
Total Assets

$1.86B

Previous: $1.91B-2.6%
R&D Expense

$24.3M

Previous: $21.5M+13.1%
Stock-Based Comp

$10M

Previous: $10.7M-6.7%

Revenue & EPS history

ANGI Homeservices · Revenue · Quarterly

$297M

Q3 2024-20.2%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

-0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.1%

Avg return

30 days after

44%

25 / 57 earnings

Positive

+75.4%

Q1 2017

Best reaction

-31.7%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-31.1%-30.9%-20.0%
Q4 2025-23.1%-32.3%-38.2%
Q3 2025-8.2%-11.2%+8.1%
Q1 2025+34.8%+43.2%+46.6%
Q4 2024-5.8%+6.4%-9.2%
Q3 2024-23.1%-31.5%-25.9%
Q2 2024+31.5%+26.9%+34.0%
Q1 2024-0.4%-4.7%-11.4%
Q4 2023+16.5%+20.6%+1.6%
Q3 2023+3.5%+2.9%+42.4%
Q2 2023-31.7%-33.2%-37.7%
Q1 2023+16.8%+21.1%+23.4%
Q4 2022-15.6%-11.8%-22.1%
Q3 2022+5.7%+24.7%+3.1%
Q2 2022-15.0%-13.7%-38.1%
Q1 2022+6.8%+24.1%+33.8%
Q4 2021-20.4%-22.1%-29.4%
Q3 2021-9.6%-10.5%-27.1%
Q2 2021+5.7%+0.7%-5.6%
Q1 2021-6.9%-9.9%-6.6%
Q4 2020-7.4%+19.4%+3.0%
Q3 2020-13.0%-9.9%+4.6%
Q2 2020-17.3%-16.4%-17.8%
Q1 2020+10.4%+24.7%+72.3%
Q4 2019-5.4%-2.0%-28.1%
Q3 2019+16.6%+14.9%+17.4%
Q2 2019-27.6%-30.7%-37.6%
Q1 2019-9.9%-18.2%-19.8%
Q4 2018+0.5%+3.7%-3.6%
Q3 2018-6.2%-7.2%-14.7%
Q2 2018+12.5%+19.4%+33.5%
Q1 2018+0.9%+1.7%+13.9%
Q4 2017-1.5%+0.5%+14.8%
Q3 2017-7.4%-5.3%-9.7%
Q2 2017+0.2%-4.5%-3.0%
Q1 2017+75.4%+81.8%+109.0%
Q4 2016-8.4%-8.7%-10.5%
Q3 2016-1.4%+1.2%+5.8%
Q2 2016+11.7%+7.2%+31.6%
Q1 2016+4.9%
Q4 2015-10.7%
Q3 2015+12.2%
Q2 2015-31.0%
Q1 2015+4.1%
Q4 2014+44.4%
Q3 2014+16.4%
Q2 2014+3.6%
Q1 2014+4.5%
Q4 2013-4.6%
Q3 2013-15.0%
Q2 2013-0.8%
Q1 2013+0.5%
Q4 2012+2.0%
Q3 2012+0.0%
Q2 2012-0.1%
Q1 2012-2.9%
Q4 2011-6.3%
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010

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