secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001705110-26-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Angi Q1 revenue down 3% to $238.2M, posts operating loss of $9.5M, restructures workforce
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- Net loss of $9.0M ($0.22 diluted EPS) vs net income of $15.1M ($0.30) in Q1 2025.
- Adjusted EBITDA fell 17% to $22.9M; incurred $14.9M restructuring charge for workforce reduction.
- Proprietary Service Requests grew 17% YoY; Network Revenue fell 56% due to homeowner choice implementation.
- Repurchased $100M principal of 2028 Senior Notes at discount, generating $8.4M gain.
- Promoted Michael Wanderer to COO and appointed Austin Kaplicer as Chief Accounting Officer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/0001705110-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/angi-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001705110-26-000042

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