Published on 7 May 2024 on GuruFocus.com via Yahoo Finance
Angi Inc. (ANGI) Q1 2024 Earnings: Navigating Challenges with Strategic Adjustments
Revenue: Reported at $305.4 million, exceeding estimates of $297.55 million and down 14% year-over-year.Net Loss: Improved to $1.6 million from a previous $15.3 million, below the estimated net loss of $2.73 million.Earnings Per Share (EPS): Reported at -$0.00, exceeding the estimated EPS of -$0.01.Adjusted EBITDA: Increased by 21% to $36 million, driven by growth in Ads and Leads, Services, and International segments.Operating Income: Improved significantly to $2.7 million from a loss of $10.9 million in the previous year.Free Cash Flow: Slightly increased to $9.5 million, up from $9.3 million year-over-year.Stock Repurchase: Repurchased 3.2 million common shares for $7.1 million between February 10, 2024, and May 3, 2024.
Warning! GuruFocus has detected 4 Warning Signs with ANGI.
