---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-057745"
form_type: "8-K"
ticker: "ANGI"
cik: "0001705110"
company_name: "Angi Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:28:48.062696+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Angi Q1 revenue $392M, operating loss narrows to $10M; Adjusted EBITDA turns positive $30.5M

## Summary
- Revenue $392.4M (-10% YoY); pro forma net revenue up 1% to $388.7M after Services revenue recognition change.
- Operating loss improved to $10.5M from $34.0M loss; Adjusted EBITDA rose to $30.5M from ($3.2M) loss.
- Services segment loss narrowed 52%; Roofing turned profitable; Free Cash Flow positive $7.2M vs negative $27.6M.
- Transacting Service Professionals fell 17% to 206k; Monetized Transactions down 5% to 6.5M.
- FY 2023 guidance: operating loss $15-$70M; Adjusted EBITDA $100-$130M.

## SEC filing metadata
- accession: 0001104659-23-057745
- form_type: 8-K
- ticker: ANGI
- cik: 0001705110
- company_name: Angi Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705110/000110465923057745/0001104659-23-057745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705110/000110465923057745/tm2315077d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-057745
- JSON: https://secwatch.observer/filing/0001104659-23-057745.json
- Plain text: https://secwatch.observer/filing/0001104659-23-057745.txt

## Key facts
- Earnings Releases
  Angi Inc. reported Q1 2023 results: revenue $ 392.4, net income Net loss (15.3 ), EPS (0.03 ).
  - Period: Q1 2023
  - Revenue: $ 392.4
  - Net income: Net loss (15.3 )
  - EPS: (0.03 )
  - Result: reported results
  source text: available on the Investor Relations section of IAC’s website at ir.iac.com . ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q1 2023 Q1 2022 Growth Revenue $ 392.4 $ 436.2 -10 % Pro Forma Net Revenue 388.7 384.5 1 % Gross profit 350.4 337.2 4 % Operating loss (10.5 ) (34.0 ) 69 % Net loss (15.3 ) (33.4 ) 54 % Diluted loss per share (0.03 )
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000110465923057745/0001104659-23-057745-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.