Angie's List shares jump after quarterly report

 IBJ Staff
April 23, 2014
Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Angie's List's stock rose nearly 10 percent in after-hours trading Wednesday after the online consumer-reviews service posted a smaller quarterly loss on higher revenue.

Revenue for the quarter hit $72.7 million in the first quarter ended March 31, an increase of 39 percent from $52.2 million in the prior-year period. Revenue exceeded analyst expectations by about $400,000.

The company met analyst expectations by losing $3.8 million, or 6 cents per share, in the quarter, down from a loss of $7.9 million, or 14 cents per share, a year earlier.

"The first quarter represented solid performance for the company," Angie's List CEO Bill Oesterle said in a prepared statement. "We grew fast, produced cash and improved margins, all while investing in new products and upgrading our technology. I am pleased with the progress we have made against our operating plan for the full year."

The company said total paid memberships rose 35 percent over the year-ago quarter, to about 2.6 million. Revenue from paid memberships rose 25 percent, to $18.3 million.

Revenue from the company's service-provider business, which includes sales from advertising contracts and e-commerce fees, rose 45 percent. The business gets nearly three-quarters of its total revenue from the business.

The company predicted revenue in the range of $79.5 million to $80.5 million for the second quarter, beating analyst expectations of $79.1 million.

Angie's List shares closed at $12.82, down 8 cents on the day, before jumping 9.1 percent after-hours, to $13.99 each.



Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. "This was a very localized, Indiana issue," he said. As in, Indiana failed to expand Medicaid to cover its poor citizens resulting in the loss of essential medical services, including this EMS company. Well done, Indiana GOP. Here are the real death panels: GOP state governments who refuse to expand Medicaid for political reasons.

  2. In the "one for all, all for none" socialist doctrine the sick die...this plus obama"care" equates to caucasian genocide plus pushed flight to cities thus further eroding the conservative base and the continualed spiral toward complete liberal/progressive/marxist America.

  3. There is a simple reason why WISH is not reporting on this story. LIN has others stations in different markets that are affiliated with CBS. Reporting about CBS blindsiding WISH/LIN due to CBS's greed and bullying tatics would risk any future negoations LIN will have with CBS in other markets.

  4. My best always! Dave Wilson

  5. How did Columbus, Ohio pull off a car share service without a single dollar of public subsidies? They must not have a mayor who is on the take like Indianapolis. Daimler Benz offers Columbus residents their Smart Cars on a market-driven basis: "This has some neat features. Cars don’t have to be picked up and dropped off at fixed points. You find one with your smart phone based on GPS, and drop it off anywhere in the service area you can find a spot – even at a meter. These cars aren’t required to feed the meter so you get free on street parking while using them. I was told this system was put in place on a market basis without subsidies – and that the vendor actually pays the city for the use of the meters." http://www.urbanophile.com/2014/05/26/checking-in-on-columbus/