Angi Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Angi (NASDAQ:ANGI) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.19b (down 13% from FY 2023).
• Net income: US$36.0m (up from US$30.7m loss in FY 2023).
• Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.07 (up from US$0.061 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Angi Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's shares are down 11% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Angi's balance sheet and an in-depth analysis of the company's financial position.

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