secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001104659-22-116003
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q3 revenue up 8% to $498M; operating loss improves 26%, Adj. EBITDA up 85%
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- Revenue $498M (+8% YoY); gross profit $389M (+7%); operating loss improved to $11.1M from $15.0M.
- Adjusted EBITDA $22.9M, up 85% YoY; net loss $17.5M, similar to prior year.
- Angi Ads & Leads +7% to $347.7M; Angi Services +12% to $131.9M; Europe +2% (19% local currency).
- Service requests -11%, Monetized Transactions -10%, both declining; free cash flow negative $84.2M YTD.
- Cash $329M, debt $500M due 2028; 15M shares remaining in buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465922116003/0001104659-22-116003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465922116003/tm2229945d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-116003

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