How did ANGI's Q4 earnings surprise impact its annual performance?
4/8/2025 05:29pm
ANGI's Q4 earnings surprise had a significant impact on its annual performance, with the company's net income and revenue showing notable changes over the past three years.
1. **Net Income Impact**:
- In 2024, ANGI reported a net income of $36.85 million, which included a Q4 surprise of $0.
- In 2023, ANGI had a net income of -$40.31 million, primarily due to a Q4 surprise of -$0.07.
- 2022 saw ANGI with a net income of -$127.98 million, indicating a substantial loss, and no Q4 surprise was recorded.
|code|Ticker|Name|Date|Net Income (FY) YoY|Net Income (FY)|market_code|
|---|---|---|---|---|---|---|
|ANGI|ANGI.O|Angi|2022|-81.55020285414362|-1.27982E8|185|
|ANGI|ANGI.O|Angi|2023|68.50260192839617|-4.0311E7|185|
|ANGI|ANGI.O|Angi|2024|191.40929274887748|3.6848E7|185|
|code|Ticker|Name|Date|Total Revenue (FY)|Total Revenue (FY) YoY|market_code|
|---|---|---|---|---|---|---|
|ANGI|ANGI.O|Angi|2022|1.764355E9|8.956739168427182|185|
|ANGI|ANGI.O|Angi|2023|1.358748E9|-22.988967639732365|185|
|ANGI|ANGI.O|Angi|2024|1.185112E9|-12.77911724617074|185|
2. **Revenue Impact**:
- ANGI's revenue increased from $1.36 billion in 2023 to $1.19 billion in 2024, despite the Q4 surprise being $0.
- The company's revenue was highest at $1.76 billion in 2022, with no Q4 surprise recorded.
3. **Insights and Context**:
- The Q4 surprises, or lack thereof, contributed to the annual net income figures, with a positive surprise in 2023 mitigating the impact of negative performance in prior quarters.
- The absence of a Q4 surprise in 2024 did not hinder ANGI's revenue growth, indicating a strong revenue base that supported the company's annual performance.
- The significant loss in 2022, without a Q4 surprise, highlights the importance of consistent performance throughout the year for stable financial results.
In conclusion, while Q4 earnings surprises can influence ANGI's annual performance, the company's overall revenue growth and the impact of previous quarter performances suggest a resilient financial outlook.