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

Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001705110-25-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000041/0001705110-25-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000041/angi-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001705110-25-000041

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