Angi Q2 2023 Earnings Report

Angi EPS Results

• Actual EPS: -$0.30
• Consensus EPS: -$0.30
• Beat/Miss: Met Expectations
• One Year Ago EPS: -$0.50

Angi Revenue Results

• Actual Revenue: $375.10 million
• Expected Revenue: $403.42 million
• Beat/Miss: Missed by -$28.32 million
• YoY Revenue Growth: -27.30%

Angi Announcement Details

• Quarter: Q2 2023
• Date: 8/9/2023
• Time: After Market Closes

Angi (NASDAQ:ANGI) connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals. The company's Ads and Leads segment connects consumers with service professionals for local services through nationwide network of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, mobile, and magazine advertising to certified service professionals, as well as services and tools, including quoting, invoicing, and payment services. This segment provides consumers access to online True Cost Guide, which provides project cost information for various project types, as well as a library of home services-related content. Its Services segment offers a pre-priced offering, pursuant to which consumers can request services through Angi and Handy branded platforms and pay for such services on the applicable platform directly; and provides professionals with access to a pool of consumers seeking service professionals and must validate their home services experience, as well as attest to holding the requisite license(s) and maintain an acceptable rating to remain on Services platforms. The company's International segment operates Travaux, MyBuilder, MyHammer, Werkspo, and Homestars home services marketplaces. The company was formerly known as ANGI Homeservices Inc. and changed its name to Angi Inc. in March 2021. The company was incorporated in 2017 and is headquartered in Denver, Colorado. Angi Inc. operates as a subsidiary of IAC Inc.