secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001705110-25-000098
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q2 2025: Revenue down 12% to $278M; proprietary leads up 16% YoY
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- Net earnings $10.9M (diluted EPS $0.23) vs $3.8M ($0.07) in Q2 2024, up 190%.
- Adjusted EBITDA fell 22% to $33.0M from $42.2M; operating income rose 92% to $17.7M.
- Proprietary Service Requests +7% YoY; Proprietary Leads +16% YoY, first growth since Q1 2021.
- Repurchased 3.7M shares for $59.9M (May 6-Aug 1, 2025); 12.1% of shares outstanding YTD.
- Cash and equivalents $362.5M; $500M 3.875% Senior Notes due 2028 outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000098/0001705110-25-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511025000098/angi-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001705110-25-000098

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