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 stay flat 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 31% 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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