Shares of Angi Inc. (ANGI) surged 14.87% in after-hours trading on Tuesday, following the release of the company's second-quarter financial results that significantly exceeded analyst expectations. The home services marketplace demonstrated strong performance across key metrics, driving investor enthusiasm.

Angi reported robust Q2 earnings, with revenue reaching $278.2 million, comfortably surpassing the IBES estimate of $261.9 million. The company's profitability also showed strength, with earnings per share (EPS) coming in at $0.23 and net income totaling $10.9 million for the quarter. Furthermore, Angi's adjusted EBITDA of $33 million outperformed the IBES estimate of $31.6 million, while operating income stood at a healthy $17.7 million.

These impressive results underscore Angi's ability to drive growth while maintaining operational efficiency in the competitive home services market. The company's strong performance, particularly in revenue generation and profitability, suggests that Angi's digital marketplace model is gaining traction among both homeowners and service providers. As the company continues to demonstrate its ability to exceed expectations, investors appear optimistic about Angi's potential for sustained growth and improved market position in the expanding home services sector.