Shares of Angi Inc. (ANGI) surged 14.81% in after-hours trading on Tuesday following the release of its second-quarter earnings report, which significantly exceeded analyst expectations.

The company, which operates a digital marketplace for home services, reported impressive financial results across key metrics. Angi's revenue for Q2 reached $278.2 million, surpassing the IBES estimate of $261.9 million. The strong top-line performance was accompanied by solid profitability, with earnings per share (EPS) coming in at $0.23 and net income at $10.9 million.

Further bolstering investor confidence, Angi reported an adjusted EBITDA of $33 million, outperforming the IBES estimate of $31.6 million. The company's operating income for the quarter stood at a healthy $17.7 million. These results demonstrate Angi's ability to drive growth while maintaining operational efficiency, which appears to have resonated strongly with investors in the after-hours session.