secwatch.observer — SEC 8-K summary
======================================

Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001705110-24-000076
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q2 revenue $315M (-10% YoY) but operating income turns to $9M profit vs -$15M loss; Adj EBITDA +115% to $42M
--------------------------------------------------------------------------------

- Revenue $315.1M, down 10% YoY; operating income $9.2M vs ($15.4M) loss; net earnings $3.8M vs ($14.7M) loss.
- Adjusted EBITDA $42.2M, up 115% YoY; Ads & Leads segment Adjusted EBITDA up 74% to $49.0M.
- International revenue up 14% to $33.2M; International Adjusted EBITDA up 81% to $5.1M.
- Repurchased 4.1M shares at avg $2.11; new authorization of 25M shares approved.
- FY2024 guidance: operating (loss) income ($10)-$40M, Adjusted EBITDA $130-$150M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000076/0001705110-24-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000076/angi-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001705110-24-000076

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