Angi Q3 revenue misses expectations

Angi

04/11/2025 21:25

Overview

Angi Q3 revenue fell 10% yr/yr, missing analyst expectations

Operating income for Q3 grew 179% yr/yr, driven by lower expenses

Adjusted EBITDA for Q3 beats analyst estimates, reflecting improved profitability

Outlook

Company did not provide specific guidance for future quarters in its press release

Result Drivers

PROPRIETARY GROWTH - Proprietary Service Requests and Leads increased due to improved customer experience and strong SEM performance

OPERATING INCOME INCREASE - Operating income rose due to decreased depreciation and stock-based compensation expenses

ADJUSTED EBITDA GROWTH - Adjusted EBITDA increased due to lower pro acquisition expenses and reduced fixed costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$265.6 mln
$268.94 mln (9 Analysts)
Q3 EPS
$0.23
Q3 Net Income
$10.6 mln
Q3 Adjusted EBITDA
Beat
$39.7 mln
$36.19 mln (9 Analysts)
Q3 Operating Income
$21.8 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Angi Inc is $22.00, about 40.7% above its November 3 closing price of $13.05

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)