Angi Inc (OQ:ANGI)
Business Focus: Internet Services
| Sector: Technology | Industry: Internet Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 555 West 18Th Street NEW YORK NY 10011 |
| Tel: | 1-212-3147400 |
| Website: | https://ir.angi.com |
| IR: | See website |
| Key People | ||
| Joseph M. Levin Chairman of the Board | Jeffrey W. Kip Chief Executive Officer, Director | Andrew Russakoff Chief Financial Officer |
| Kulesh Shanmugasundaram Chief Technology Officer | Dhanusha Sivajee Chief Marketing Officer | Angela R. Hicks Bowman Chief Customer Officer, Director |
| David Fleischman Chief Product Officer | Ercan Kamber Chief Data Officer | Shannon M. Shaw Chief Legal Officer, Secretary |
| Business Overview |
| Angi Inc. connects home service professionals with consumers across approximately 500 different categories, from repairing and remodeling homes to cleaning and landscaping. The Company's segments include Ads and Leads, Services, Roofing, and International (includes Europe and Canada), and operates under multiple brands including Angi, HomeAdvisor, and Handy. Ads and Leads segment provides service professionals the capability to engage with potential customers, including quoting and invoicing services, and provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals nationwide for home repair. Services segment provides a pre-priced offering service, pursuant to which consumers can request services through Angi and Handy branded platforms. Roofing segment provides roof replacement and repair services, primarily in Florida. International segment operates international businesses, such as Travaux, MyHammer and Werkspot. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Angi Inc revenues decreased 23% to $1.36B. Net loss before extraordinary items decreased 66% to $30.7M. Revenues reflect Services segment decrease of 69% to $118M, Ads and Leads segment decrease of 12% to $1.12B, United States segment decrease of 25% to $1.24B. Lower net loss reflects Services segment loss decrease of 75% to $23.5M. |
| Employees: | 3,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,181M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,359M as of Dec 31, 2023 |
| EBITDA (TTM): | $75.06M as of Dec 31, 2023 |
| Net annual income (TTM): | -$30.68M as of Dec 31, 2023 |
| Free cash flow (TTM): | $57.39M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $132.00M as of Dec 31, 2023 |
| Shares outstanding: | 502,034,337 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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