secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001705110-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q1 revenue down 14% to $305M, operating income turns positive, Adj EBITDA up 21% to $36M
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- Revenue $305M (-14% YoY); net loss $1.6M vs $15.3M loss; diluted EPS $0.00.
- Operating income $2.7M vs loss $10.9M; Adj EBITDA $36M (+21%).
- Ads & Leads rev -15%, Services rev -28% pro forma; International +18%; Transacting SPs 192K (-7%).
- Repurchased 3.2M shares for $7.1M; Jeff Kip appointed CEO (April 8).
- FY2024 guidance: Adj EBITDA $120-150M; operating (loss) income ($20)-$40M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000036/0001705110-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000036/angi-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001705110-24-000036

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