---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-019921"
form_type: "8-K"
ticker: "ANGI"
cik: "0001705110"
company_name: "Angi Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:29:55.375613+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Angi Q4 2023: Revenue $300M (-27% YoY), Op income $7.6M vs -$28.2M, Adj EBITDA $41M +96%

## Summary
- Q4 revenue $300.4M (-27% YoY); pro forma net revenue -16%; Ads & Leads -18%; Services -71%.
- Op income $7.6M vs -$28.2M YoY; Adj EBITDA $41.4M (+96%); includes $11M legal fee insurance benefit.
- Services segment Adj EBITDA improved $22.8M to $5.1M due to lower sales/marketing and exit of complex services.
- FY2024 outlook: operating (loss) income ($20)-$40M, Adj EBITDA $120-$150M.
- Between Nov 9 and Feb 9, repurchased 6.1M shares at avg $2.32 for $14M; 7.9M remaining in authorization.

## SEC filing metadata
- accession: 0001104659-24-019921
- form_type: 8-K
- ticker: ANGI
- cik: 0001705110
- company_name: Angi Inc.
- filed_at: 2024-02-13T23:59:59+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/1705110/000110465924019921/0001104659-24-019921-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705110/000110465924019921/tm246041d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-019921
- JSON: https://secwatch.observer/filing/0001104659-24-019921.json
- Plain text: https://secwatch.observer/filing/0001104659-24-019921.txt

## Key facts
- Earnings Releases
  Angi Inc. reported Q4 2023 results: revenue $300.4 million, net income $(5.6) million, EPS $(0.01).
  - Period: Q4 2023
  - Revenue: $300.4 million
  - Net income: $(5.6) million
  - EPS: $(0.01)
  - Result: reported results
  source text: loss per share (0.01 ) (0.11 ) 90 % Adjusted EBITDA 41.4 21.1 96 % See reconciliations of GAAP to non-GAAP measures beginning on page 10. Q4 2023 HIGHLIGHTS • Revenue was $300 million, reflecting the impact of the change to net revenue recognition for Services, which took effect January 1, 2023. On a pro forma net basis, revenue decreased 16% in Q4 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000110465924019921/0001104659-24-019921-index.htm
- Earnings Releases
  Angi Inc. updated its Full year 2024 guidance (initiated).
  - Period: Full year 2024
  - Guidance: initiated
  - Result: guidance update
  source text: For the full year 2024, Angi Inc. expects ($20)-$40 million of operating (loss) income and $120-$150 million of Adjusted EBITDA.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000110465924019921/0001104659-24-019921-index.htm

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