Angi Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
ANGI$6.92-5.5%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In thousands, except per share data) | ||
| Revenue | $305,390 | $355,497 |
| Cost of revenue (exclusive of depreciation shown separately below) | 12,497 | 16,937 |
| Gross Profit | 292,893 | 338,560 |
| Operating costs and expenses: | ||
| Selling and marketing expense | 157,051 | 199,610 |
| General and administrative expense | 85,521 | 96,667 |
| Product development expense | 23,756 | 25,312 |
| Depreciation | 23,849 | 25,190 |
| Amortization of intangibles | — | 2,662 |
| Total operating costs and expenses | 290,177 | 349,441 |
| Operating income (loss) | 2,716 | (10,881) |
| Interest expense | (5,038) | (5,029) |
| Other income, net | 4,484 | 3,807 |
| Earnings (loss) from continuing operations before income taxes | 2,162 | (12,103) |
| Income tax provision | (3,479) | (1,884) |
| Net loss from continuing operations | (1,317) | (13,987) |
| Loss from discontinued operations, net of tax | — | (1,013) |
| Net loss | (1,317) | (15,000) |
| Net earnings attributable to noncontrolling interests | (314) | (325) |
| Net loss attributable to Angi Inc. shareholders | $(1,631) | $(15,325) |
| Per share information from continuing operations: | ||
| Basic loss per share | $(0.00) | $(0.03) |
| Diluted loss per share | $(0.00) | $(0.03) |
| Per share information attributable to Angi Inc. shareholders: | ||
| Basic loss per share | $(0.00) | $(0.03) |
| Diluted loss per share | $(0.00) | $(0.03) |
| Stock-based compensation expense by function: | ||
| Selling and marketing expense | $1,232 | $1,252 |
| General and administrative expense | 7,193 | 8,761 |
| Product development expense | 972 | 2,699 |
| Total stock-based compensation expense | $9,397 | $12,712 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
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