secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001104659-22-057535
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q1 revenue up 13% to $436M; net loss $33.4M ($0.07/sh) vs prior-year profit
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- Revenue $436.2M (+13% YoY); operating loss $34.0M vs income $0.1M a year ago.
- Net loss attributable to shareholders $33.4M ($0.07 diluted loss per share) vs profit $1.9M.
- Adjusted EBITDA loss $3.2M vs income $23.2M; Free Cash Flow negative $27.6M.
- Angi Services revenue $113.1M (+107% YoY), now 26% of total revenue; Transacting Service Pros down 4% to 204k.
- Cash $391M, debt $494.7M; 15.0M shares remain in repurchase authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465922057535/0001104659-22-057535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465922057535/tm2214891d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-057535

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer