Overview

* Angi ( ANGI ) Q3 revenue fell 10% yr/yr, missing analyst expectations

* Operating income for Q3 grew 179% yr/yr, driven by lower expenses

* Adjusted EBITDA for Q3 beats analyst estimates, reflecting improved profitability

Outlook

* Company did not provide specific guidance for future quarters in its press release

Result Drivers

* PROPRIETARY GROWTH - Proprietary Service Requests and Leads increased due to improved customer experience and strong SEM performance

* OPERATING INCOME INCREASE - Operating income rose due to decreased depreciation and stock-based compensation expenses

* ADJUSTED EBITDA GROWTH - Adjusted EBITDA increased due to lower pro acquisition expenses and reduced fixed costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $265.6 $268.94

Revenue mln mln (9

Analysts

)

Q3 EPS $0.23

Q3 Net $10.6

Income mln

Q3 Beat $39.7 $36.19

Adjusted mln mln (9

EBITDA Analysts

)

Q3 $21.8

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "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 ( ANGI ) is $22.00, about 40.7% above its November 3 closing price of $13.05

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)