Angi Third Quarter 2024 Earnings: EPS Beats Expectations

Angi (NASDAQ:ANGI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$296.7m (down 20% from 3Q 2023).
• Net income: US$35.2m (up from US$5.36m loss in 3Q 2023).
• Profit margin: 12% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.07 (up from US$0.011 loss in 3Q 2023).

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

Angi EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% 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 24% 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. See our latest analysis on Angi's balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.