- ANGI Homeservices (NASDAQ:ANGI) is 6.1% lower after hours after its revenue came up just short in Q4, despite headline growth of 25% and the company's swing to a profit Y/Y.
- Pro forma, revenue rose 21% to $279.5M, with Marketplace leading the way.
- Operating income swung to a gain of $17.9M from a loss of $33.9M, and EBITDA grew 307% to $66.2M.
- Marketplace service requests rose 24% Y/Y to 5.3M (NYSE:MMM); marketplace paying service professionals rose 18%, to 214,000, and revenue per paying service professional rose 16% vs. year-prior growth of 14%.
- Revenue breakout: Marketplace, $191.1M (up 37%); Advertising and other, $70.9M (up 3%); Europe, $16.9M (up 13%).
- Free cash flow was $176.7M, vs. a year-ago $15M. Liquidity stood at $361.9M; the company has an undrawn $250M revolving credit facility.
- Conference call to come tomorrow at 8:30 a.m. ET.
- Previously: ANGI Homeservices beats by $0.04, misses on revenue (Feb. 07 2019)
- Previously: IAC reports Q4 beats (Feb. 07 2019)
- Press release
- Now read: ViaSat +7.3% after Q3 revenue roars ahead to easy beat
Original article