secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001705110-24-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q3 revenue falls 16% to $297M; IAC considers spin-off of Angi
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- Q3 revenue $296.7M, down 16% YoY; net income $35.2M vs. loss of $5.4M; diluted EPS $0.07.
- Adjusted EBITDA $35.4M, up 27% YoY; operating income $7.8M vs. loss of $7.9M.
- IAC announced it is considering a spin-off of its ownership stake in Angi to IAC shareholders.
- Ads and Leads revenue down 17%, Services down 21%, International up 9%; Service Requests down 26%.
- FY2024 outlook: operating income $10-$35M, Adj EBITDA $140-$145M; repurchased 2.5M shares for $6.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000113/0001705110-24-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511024000113/angi-20241111.htm
  HTML page:      https://secwatch.observer/filing/0001705110-24-000113

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