Published on 13 Feb 2024 on GuruFocus.com via Yahoo Finance
Angi Inc (ANGI) Reports Q4 2023 Results: A Mixed Financial Performance Amidst Market Challenges
Revenue: Q4 2023 revenue decreased by 27% year-over-year to $300.4 million.Operating Income: Operating income improved to $7.6 million, a significant turnaround from a loss of $28.2 million in Q4 2022.Adjusted EBITDA: Adjusted EBITDA saw a 96% increase to $41.4 million in Q4 2023.Net Loss: Net loss narrowed by 90%, from $53.3 million in Q4 2022 to $5.6 million in Q4 2023.Free Cash Flow: Free Cash Flow increased to $46.4 million, up from a negative $69.1 million in the prior year.Stock Repurchase: Angi Inc. repurchased 6.1 million common shares for $14.0 million between November 9, 2023, and February 9, 2024.
Warning! GuruFocus has detected 4 Warning Signs with ANGI.
On February 13, 2024, Angi Inc (NASDAQ:ANGI) released its fourth quarter results, revealing a mixed financial performance characterized by a significant decline in revenue but improvements in operating income and adjusted EBITDA. The company's 8-K filing provides a detailed account of its financials and operational metrics for the quarter.