Earnings release
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Angi ANGI INC . REPORTS Q1 2021 – Q1 REVENUE INCREASES 13 % TO $ 387 MILLION DENVER- May 6 , 2021 — Angi Inc. ( NASDAQ : ANGI ) released its first quarter results today . Monthly metrics for Angi Inc. through April 2021 are included on page 3 of this release . A letter to IAC shareholders from IAC CEO Joey Levin was posted on the Investor Relations section of IAC's website at ir.iac.com . ● ANGI INC . SUMMARY RESULTS ( $ in millions except per share amounts ) Q1 2021 ● 387.0 $ 0.1 Q1 2020 1.9 0.00 23.2 343.6 ( 16.3 ) ( 9.0 ) ( 0.02 ) 34.4 Growth Revenue Operating income ( loss ) Net earnings ( loss ) GAAP Diluted EPS Adjusted EBITDA See reconciliations of GAAP to non - GAAP measures beginning on page 9 . Page 1 of 12 13 % NM NM NM -33 % Q1 2021 HIGHLIGHTS On March 17 , 2021 , Angie's List was renamed Angi , a new name for a new era in everything home , and the parent company ANGI Homeservices Inc. became Angi Inc. Revenue increased 13 % year - over - year , the highest quarterly growth since Q1 2020 reflecting : O 12 % Marketplace growth including 66 % growth from Angi Services ( pre - priced offerings ) to $ 55 million 7 % Advertising and Other growth O 33 % growth in Europe Marketplace Transacting Service Professionals increased 11 % year - over - year to a record high of 212,000 and has now grown sequentially for the fifth consecutive quarter . Advertising Service Professionals increased 6 % year - over - year to 40,000 , the fifth consecutive quarter of sequential growth . Marketplace Monetized Transactions increased 17 % year - over - year to 4.2 million with over 17 million in the trailing twelve months . Operating income was $ 0.1 million and Adjusted EBITDA was $ 23 million with both reflecting the impact of a $ 6 million one - time charge related to the acquisition of an additional 21 % ownership interest in MyBuilder .