Angi Inc
For the period ended Jun 30, 2024. Filed Aug 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.
Jun 30, 2024 · Filed Aug 7, 2024
ANGI$6.92-5.5%Stored close · as of Nov 6, 2026
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Consolidated Statement of Operations
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (In thousands, except per share data) | ||||
| Revenue | $315,134 | $351,587 | $620,524 | $707,084 |
| Cost of revenue (exclusive of depreciation shown separately below) | 14,152 | 14,708 | 26,649 | 31,645 |
| Gross profit | 300,982 | 336,879 | 593,875 | 675,439 |
| Operating costs and expenses: | ||||
| Selling and marketing expense | 158,323 | 208,877 | 315,374 | 408,487 |
| General and administrative expense | 84,369 | 93,167 | 169,890 | 189,834 |
| Product development expense | 24,779 | 25,549 | 48,535 | 50,861 |
| Depreciation | 24,324 | 22,004 | 48,173 | 47,194 |
| Amortization of intangibles | — | 2,663 | — | 5,325 |
| Total operating costs and expenses | 291,795 | 352,260 | 581,972 | 701,701 |
| Operating income (loss) | 9,187 | (15,381) | 11,903 | (26,262) |
| Interest expense | (5,041) | (5,034) | (10,079) | (10,063) |
| Other income, net | 4,570 | 5,184 | 9,054 | 8,991 |
| Earnings (loss) from continuing operations before income taxes | 8,716 | (15,231) | 10,878 | (27,334) |
| Income tax provision | (4,628) | (360) | (8,107) | (2,244) |
| Net earnings (loss) from continuing operations | 4,088 | (15,591) | 2,771 | (29,578) |
| Earnings from discontinued operations, net of tax | — | 1,112 | — | 99 |
| Net earnings (loss) | 4,088 | (14,479) | 2,771 | (29,479) |
| Net earnings attributable to noncontrolling interests | (328) | (220) | (642) | (545) |
| Net earnings (loss) attributable to Angi Inc. shareholders | $3,760 | $(14,699) | $2,129 | $(30,024) |
| Per share information from continuing operations: | ||||
| Basic earnings (loss) per share | $0.01 | $(0.03) | $0.00 | $(0.06) |
| Diluted earnings (loss) per share | $0.01 | $(0.03) | $0.00 | $(0.06) |
| Per share information attributable to Angi Inc. shareholders: | ||||
| Basic earnings (loss) per share | $0.01 | $(0.03) | $0.00 | $(0.06) |
| Diluted earnings (loss) per share | $0.01 | $(0.03) | $0.00 | $(0.06) |
| Stock-based compensation expense by function: | ||||
| Selling and marketing expense | $1,145 | $1,481 | $2,377 | $2,733 |
| General and administrative expense | 5,807 | 6,406 | 13,000 | 15,167 |
| Product development expense | 1,720 | 2,410 | 2,692 | 5,109 |
| Total stock-based compensation expense | $8,672 | $10,297 | $18,069 | $23,009 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS
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