Angi Reports Turnaround and Considers IAC Spin-Off
Company Announcements

Angi Reports Turnaround and Considers IAC Spin-Off

Angi ( (ANGI) ) just unveiled an update.

Angi Inc. reported a significant turnaround in Q3 2024 with operating income jumping by $16 million to $8 million and a 27% boost in Adjusted EBITDA to $35 million, driven by improvements in Ads and Leads and Services. The company is considering a spin-off by its parent, IAC, while facing a 16% decline in revenue largely due to a drop in domestic sales. However, international revenue showed a promising 9% growth, hinting at potential opportunities abroad.

See more data about ANGI stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyAngi Inc. price target lowered to $6 from $7 at Benchmark
TheFlyIAC price target lowered to $105 from $110 at Benchmark
TheFlyIAC assumed with a Buy at Jefferies
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App