---
schema_version: "secwatch.filing_event.v1"
accession: "0001705110-25-000041"
form_type: "8-K"
ticker: "ANGI"
cik: "0001705110"
company_name: "Angi Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T12:49:57.091541+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Angi Q1 revenue down 19% to $245.9M, net income turns positive; board authorizes 5M share buyback

## Summary
- Revenue $245.9M (-19% YoY); operating income $20.0M vs $2.7M; net earnings $15.1M vs loss $1.6M.
- Adjusted EBITDA $27.7M vs $36.0M (-23%); free cash flow -$15.7M vs +$9.5M.
- Board approved new 5M share repurchase authorization; company repurchased 2.3M shares for $32M since Feb 2025.
- Completed spin-off from IAC on March 31, 2025; 1-for-10 reverse stock split effective March 24.
- New metrics introduced: Leads, Proprietary/Network Channels; Domestic revenue $212.6M (-21%), International $33.4M (-6%).

## SEC filing metadata
- accession: 0001705110-25-000041
- form_type: 8-K
- ticker: ANGI
- cik: 0001705110
- company_name: Angi Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705110/000170511025000041/0001705110-25-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705110/000170511025000041/angi-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705110-25-000041
- JSON: https://secwatch.observer/filing/0001705110-25-000041.json
- Plain text: https://secwatch.observer/filing/0001705110-25-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.