Angi Inc. (NASDAQ: ANGI) saw its stock price surge 8.89% in after-hours trading on Tuesday, following the release of its impressive first-quarter 2025 financial results. The home services marketplace company significantly outperformed analysts' expectations, driving investor enthusiasm.
The company reported Q1 revenue of $245.9 million, surpassing the IBES estimate of $240.9 million. Angi's bottom line also showed robust performance, with a net income of $15.1 million and earnings per share (EPS) of $0.30. The operating income for the quarter stood at $20 million, while adjusted EBITDA reached $27.7 million, considerably higher than the IBES estimate of $22.5 million.
Angi Inc. has scheduled a conference call for Wednesday, May 7, 2025, at 8:30 a.m. ET, where CEO Jeffrey Kip and CFO Andrew Russakoff will discuss the quarterly results in detail and answer questions from analysts and investors. The strong financial performance, coupled with the upcoming opportunity for further insights, has likely contributed to the significant after-hours stock price increase.
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