secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115254
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q3 2023: Revenue $372M (-14% pro forma), Adj EBITDA $26M, sells Roofing unit
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- Revenue $371.8M (-14% pro forma net YoY); operating loss improved to $10.1M from $11.1M.
- Adjusted EBITDA $25.9M, +13%; Services segment turned Adj EBITDA positive at $3.5M.
- Completed sale of Total Home Roofing on Nov 1, 2023 for undisclosed sum; segment to be discontinued.
- Full-year 2023 guidance: Adj EBITDA $100-110M; intends to use remaining 14M share repurchase authorization.
- Free Cash Flow for 9 months positive $52.7M vs -$84.2M in prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923115254/0001104659-23-115254-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465923115254/tm2330034d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115254

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