Angie's List (ANGI) Misses Q1 EPS by 12c
Angie's List (NASDAQ: ANGI) reported Q1 EPS of ($0.07), $0.12 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $83.9 million versus the consensus estimate of $86.27 million.
Key Operating Metrics
| Three months ended | March 31, 2016 | March 31, 2015 | Change | |||||||
| Total paid memberships (end of period) | 3,309,166 | 3,103,367 | 7% | |||||||
| Gross paid memberships added (in period) | 188,242 | 229,987 | (18)% | |||||||
| First-year membership renewal rate (in period) | 73 | % | 71 | % | 2 pts | |||||
| Average membership renewal rate (in period) | 75 | % | 75 | % | flat | |||||
| Participating service providers (end of period)* | 54,864 | 54,341 | 1% | |||||||
| Total service provider contract value (end of period, in thousands) | $ | 267,302 | $ | 263,349 | 2% | |||||
| Total service provider contract value backlog (end of period, in thousands) | $ | 165,360 | $ | 165,600 | —% | |||||
* We include in participating service providers the total number of service providers under contract for advertising, e-commerce or both at the end of the period.
For earnings history and earnings-related data on Angie's List (ANGI) click here.