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Angi (ANGI)
NASDAQ:ANGI
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
>-$0.01Last Year’s EPS
-$0.01Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -35.11%
|Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with significant strategic moves such as the potential spin-off of Angi and its improved financial performance. Dotdash Meredith's digital revenue growth also adds to the positive sentiment despite some anticipated challenges like the FCC order's impact on Angi and a temporary slowdown in digital advertising spend.Company Guidance
During the Angi Q3 2024 earnings call, several key metrics and strategic insights were shared. The executives discussed contemplating a spin-off of Angi to create two separate, focused companies, citing improved profits and cash flow as pivotal factors. Angi's "jobs done well" rate improved by 30% over the past year, alongside a 60% increase in homeowner NPS. The company anticipates stable profitability for 2025, despite expecting some volatility due to the FCC's 101 content rule impacting revenue. Additionally, Dotdash Meredith posted a 16% increase in digital revenue, driven by a 26% growth in digital advertising revenues, and expressed confidence in achieving a 10% digital revenue growth baseline for 2025. The call also highlighted efforts to optimize operations and capital allocation, including potential cost reductions post-Angi spin-off and strategic use of the MGM stake with a basis of just below $1.3 billion.Contemplating Spin-Off of Angi
IAC is exploring a spin-off of Angi, which would be the first spin in four years, aiming to create two separate focused companies and allowing Angi to stand on its own with improved profits and cash flow.
Improved Consumer Experience and Profitability
Angi has seen meaningful improvements in consumer experience, profitability, and cash flow, with job completion rates increasing by 30% and homeowner Net Promoter Scores up by 60% year-over-year.
Digital Revenue Growth at Dotdash Meredith
Dotdash Meredith reported a 16% increase in digital revenue, driven by a 26% growth in digital advertising revenue, with programmatic rates up by over 30%.
Care Segment Breakout
Care has been broken out as a reported segment with $365 million in revenue and $45 million in adjusted EBITDA over the last 12 months, indicating significant growth potential.
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ANGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ANGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $2.62 | $1.93 | -26.34% |
| Aug 06, 2024 | $1.98 | $2.59 | +30.81% |
| May 07, 2024 | $2.60 | $2.54 | -2.31% |
| Feb 13, 2024 | $2.43 | $2.89 | +18.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Angi (ANGI) report earnings?
Angi (ANGI) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Angi (ANGI) earnings time?
Angi (ANGI) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ANGI EPS forecast?
ANGI EPS forecast for the fiscal quarter 2024 (Q4) is >-$0.01.
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