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NEW YORK - Angi Inc. (NASDAQ:ANGI) saw its shares jump 8.7% after the home services marketplace reported fourth-quarter revenue that exceeded analyst expectations, despite a year-over-year decline. The company also provided an optimistic outlook for 2025.
Angi reported Q4 revenue of $267.9 million, surpassing the consensus estimate of $254.41 million, though down 11% from $300.4 million in the same quarter last year. Adjusted earnings per share came in at $0.00, in line with analyst projections.
The company’s revenue decline was primarily driven by a 13% decrease in its Ads and Leads segment to $214.5 million, which Angi attributed to "ongoing user-experience enhancements as well as lower consumer marketing and professional acquisition expense." Services revenue fell 5% to $24.8 million, while International revenue grew 5% to $28.6 million.
Despite the revenue drop, Angi’s CEO Jeffrey Kip expressed confidence in the company’s trajectory. "We’re pleased with our fourth quarter performance and excited about our outlook for 2025," Kip stated. "Our focus on efficiency and user experience is paying off, setting us up for improved profitability in the coming year."
For the full year 2025, Angi expects operating income between $25-$60 million and Adjusted EBITDA of $135-$150 million. The company also anticipates breakeven operating income and over $20 million in Adjusted EBITDA for Q1 2025.
The positive market reaction suggests investors are encouraged by Angi’s revenue beat and optimistic guidance, despite the year-over-year decline in top-line results.
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