Angi Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:31 pm EDT
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Angi Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 375.07 million compared to USD 515.78 million a year ago. Net loss was USD 14.7 million compared to USD 24.23 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago.
For the six months, sales was USD 767.48 million compared to USD 951.94 million a year ago. Net loss was USD 30.02 million compared to USD 57.62 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.11 a year ago.
Angi Inc. connects home service professionals with consumers across approximately 500 different categories, from repairing and remodeling homes to cleaning and landscaping. The Companyâs 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.
ANGI INC. 
