Angi Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
Angi (NASDAQ:ANGI) Full Year 2023 Results
Key Financial Results
Revenue: US$1.36b (down 28% from FY 2022).
Net loss: US$30.7m (loss narrowed by 76% from FY 2022).
US$0.061 loss per share (improved from US$0.26 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Angi EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 9.3%.
Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in the US.
Performance of the American Interactive Media and Services industry.
The company's shares are up 24% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Angi's balance sheet.
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