Overview
Home services platform's Q4 revenue fell 10%, missing analyst expectations
Adjusted EBITDA for Q4 grew 25%, beating analyst estimates
Company repurchased 19.9% of shares since IAC spin-off
Outlook
Angi expects to return to revenue growth for fiscal year 2026
Result Drivers
NETWORK REVENUE DECLINE - Revenue decreased 10% primarily due to a 79% drop in Network Revenue following the implementation of homeowner choice
PROPRIETARY REVENUE GROWTH - Proprietary Revenue increased 23% driven by strong execution in paid marketing channels
COST REDUCTIONS - Operating income increased due to a $12.8 mln restructuring expense, lower depreciation, and reduced stock-based compensation
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $240.80 mln | $243.92 mln (8 Analysts) |
Q4 EPS | $0.17 | ||
Q4 Net Income | $7.20 mln | ||
Q4 Adjusted EBITDA | Beat | $39.70 mln | $39.23 mln (8 Analysts) |
Q4 Operating Income | $5.90 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "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 $18.00, about 54% above its February 9 closing price of $11.69
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)