secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001705110-25-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q4 rev $267.9M (-11% YoY), Adj EBITDA $31.8M; IAC spin-off plan announced for H1 2025
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- IAC Board approved spin-off of Angi Inc. to IAC shareholders; expected close H1 2025, no earlier than March 31.
- Joey Levin appointed Executive Chairman; to step down as IAC CEO upon spin-off or May 31, 2025.
- Q4 revenue $267.9M (down 11% YoY), operating income $2.2M (down 72%), Adj EBITDA $31.8M (down 23%).
- Full year 2024 Adj EBITDA $145.3M (up 23% YoY); Free Cash Flow $105.4M (up $59M).
- FY 2025 guidance: Adj EBITDA $135-150M; Q1 over $20M. Operating income $25-60M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000009/0001705110-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000009/angi-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001705110-25-000009

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