Angi Expects $(60)M-$(25)M Of Operating Loss & $100M-$110M Of Adjusted EBITDA For 2023
Portfolio Pulse from Benzinga Newsdesk
Angi Inc. has projected an operating loss of between $60 million and $25 million for 2023. However, the company expects its adjusted EBITDA to be in the range of $100 million to $110 million for the same period.
November 07, 2023 | 10:19 pm
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NEUTRAL IMPACT
Angi Inc. is expecting a significant operating loss in 2023, but anticipates a positive adjusted EBITDA. This mixed financial outlook could lead to uncertainty among investors.
The projected operating loss could negatively impact Angi's stock as it indicates potential financial difficulties. However, the expected positive adjusted EBITDA, which excludes non-cash and non-operating items, suggests that the company's operational performance might be strong. This mixed outlook could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100