secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001104659-24-019921
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000110465924019921/0001104659-24-019921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000110465924019921/tm246041d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-019921

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