Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - UBS raised its price target on ANGI Inc (NASDAQ:ANGI) to $22.00 from $20.00 while maintaining a Neutral rating following the company’s second-quarter 2025 performance. According to InvestingPro data, ANGI’s stock has shown impressive momentum, gaining over 12% in the past week, while trading below its Fair Value estimate.
The firm highlighted that ANGI’s proprietary Service Requests grew 7% year-over-year while Leads increased 16% during the same period, marking the first quarter of growth since the first quarter of 2021. This growth stems from ANGI’s investments in onboarding high-quality service professionals, contributing to the company’s impressive 94.8% gross profit margin.
ANGI management has improved its 2025 revenue outlook, now projecting a decline of 13%-11% compared to the previous forecast of 16%-12%. The company reaffirmed expectations for a return to positive growth in 2026.
The adjusted EBITDA guidance was narrowed to between $140-$145 million from the prior range of $135-$150 million. UBS noted that its 2026 and 2027 adjusted EBITDA estimates changed by -2% and 1% respectively.
The price target increase also reflects a 12% decrease in UBS’s share count estimates due to higher-than-expected share repurchase activity by ANGI. InvestingPro analysis shows the company maintains a "GOOD" overall financial health score, with 11 additional ProTips available to subscribers, including detailed insights on shareholder returns and financial stability.
In other recent news, ANGI Homeservices Inc. released its second-quarter earnings for 2025, showcasing pivotal developments in its strategic direction and market standing. The company reported a notable reduction of over $400 million in revenue as it shifted its focus towards higher-quality transactions. This strategic pivot has led to improvements in both EBITDA and free cash flow, reflecting positively on the company’s financial health. Despite the revenue decline, ANGI Homeservices highlighted proprietary volume growth and enhanced operational efficiencies. These efforts were well-received, as evidenced by the company’s stock performance. The earnings report underscores ANGI’s commitment to refining its business model to prioritize quality over quantity. This recent development marks a significant step in the company’s ongoing strategic transformation.
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