Angi Q4 Revenue Falls 10.1% to $240.8M, Shares Plunge 23%
Angi reported Q4 revenue of $240.8 million, down 10.1% year-over-year, missing estimates and driven by a decline in service requests. Earnings per share came in at $0.17 versus consensus $0.34, triggering a 23.3% share drop in afternoon trading.
1. Q4 Financial Results
Angi posted fourth-quarter revenue of $240.8 million, down 10.1% year-over-year, missing analyst expectations. EPS were $0.17, below the $0.34 consensus, reflecting weaker margins and lower service volumes.
2. Service Request Decline
The company experienced a notable drop in home service requests during Q4, contributing to lower revenue. Reduced consumer demand and cautious household spending pressured the core marketplace.
3. Market Reaction
Shares tumbled 23.3% in the afternoon session as investors reacted to the dual misses in revenue and earnings. This sell-off marks one of Angi’s largest single-day declines over the past year.
4. Historical Performance and Outlook
Angi’s stock is down 25.8% year-to-date and trades over 50% below its 52-week high of $18.90. Management has not provided updated full-year guidance, leaving analysts cautious on near-term growth.