Angi Inc. (NASDAQ:ANGI) Q4 2023 Earnings Call Transcript
Angi Inc. (NASDAQ:ANGI) Q4 2023 Earnings Call Transcript February 14, 2024
Angi Inc. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Good morning, and welcome to the IAC and Angi Fourth Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's remarks, there will be an opportunity to ask questions. Please note this event is being recorded. I would now like to turn the conference over to Christopher Halpin, CFO and COO of IAC. Please go ahead.
Christopher Halpin: Thank you. Good morning, everyone. Christopher Halpin here, and welcome to the IAC and Angi Inc. fourth quarter earnings call. Joining me today is Joey Levin, CEO of IAC and CEO and Chairman of Angi Inc. Similar to last quarter, supplemental to our quarterly earnings releases, IAC has also published its quarterly shareholder letter, which is currently available on the Investor Relations section of IAC's website. We will not be reading the shareholder letter on this call. I'll shortly turn the call over to Joey to make a few brief introductory remarks, and we'll then open it up to Q&A. Before we get to that, I'd like to remind you that during this presentation, we may discuss our outlook and future performance.
These forward-looking statements typically may be preceded by words such as we expect, we believe, we anticipate or similar statements. These forward-looking views are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in IAC's and Angi Inc.'s fourth quarter earnings releases and our respective filings with the SEC. We'll also discuss certain non-GAAP measures, which, as a reminder, include adjusted EBITDA, which we'll refer to today as EBITDA for simplicity during the call. I'll also refer you to our earnings releases, the IAC shareholder letter, our public filings with the SEC and again, to the Investor Relations section of our respective websites for all comparable GAAP measures and full reconciliations for all material non-GAAP measures.
Now I'll turn it over to Joey.
Joey Levin: Good morning. Happy Valentine's Day. I think I've done this call on Valentine's Day many times over the years, so I'm not going to try another bad Valentine's joke. Hopefully, you've all had a chance to read the letter and review the numbers. I want to start again by giving you a very big thank you to all the teams across the businesses at IAC and the corporate folks at IAC, at Angi, Dotdash Meredith, MGM, Turo, for making our job much easier this quarter. It's a heck of a lot easier to write these letters and get on these calls when the news is good, so thanks to everyone for making that happen. And it wasn't just one quarter. 2023 was a year of real hard work, changing our mindset, getting things done on behalf of our customers and the long-term health of our businesses.
And it really paid off in this last quarter. So thank you all. Hopefully, some of you are listening in this Valentine's morning. And that's why Chris and I have a spring in our step this morning. It's not just Valentine's Day, that's performance. So Drew, let's get to questions. Thank you.
See also 12 Highest-Paid Women CEOs and 15 Best Cities for Hedge Fund Managers.
To continue reading the Q&A session, please click here.
