secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0001104659-23-019739
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q4 2022 revenue $441.5M (+6% YoY); operating loss widens to $60M, adjusted EBITDA turns positive $15.7M
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- Net loss $53.3M ($0.11 diluted EPS) vs net loss $26.0M ($0.05) in Q4 2021.
- Gross profit up 8% to $339.3M; operating loss includes $26M goodwill impairment at Roofing.
- Ads and Leads revenue +7% to $299.9M, Services +10% to $90.7M, Roofing +5% to $32.2M.
- FY 2023 guidance: operating loss $45-$110M, Adjusted EBITDA $60-$100M.
- Free cash flow negative $89.3M for FY2022 vs negative $64M; $321M cash, $500M debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923019739/0001104659-23-019739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923019739/tm236510d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-019739

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