secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001104659-23-057745
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923057745/0001104659-23-057745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923057745/tm2315077d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-057745

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