Angi posts Q1 loss of $9 million on $238.2 million revenue; shares down 43% YTD
ANGI•Angi Inc. reported a first-quarter net loss of $9.0 million, or $0.22 per share, reversing a profit from a year earlier. The company posted revenue of $238.2 million, while shares have declined 43% year to date and closed at $7.41.
1. Q1 Financial Results
Angi Inc. reported a first-quarter net loss of $9.0 million, reversing a profit in the same period last year as home services demand softened.
2. Revenue and Earnings Per Share
The company generated revenue of $238.2 million for the quarter and recorded a loss of $0.22 per share, marking a downturn from prior-year earnings.
3. Stock Performance and Investor Reaction
Shares of Angi have fallen 43% since January and closed at $7.41, reflecting investor concern over profitability and revenue growth trends.
4. Upcoming Conference Call
Angi will host a conference call on May 6 at 8:30 a.m. ET with CEO Jeffrey Kip and CFO Julie Hoarau to review first-quarter results and answer investor questions.
