secwatch.observer — SEC 8-K summary
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Issuer:     Angi Inc. (ANGI)
CIK:        0001705110
Form:       8-K
Filed at:   2026-08-04T20:06:03+00:00
Accession:  0001705110-26-000077
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 Q2 revenue $248M (-11% YoY), net loss $230.7M on $235.2M goodwill impairment
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- Revenue $248M, down 11% YoY; net loss $230.7M ($5.70 diluted EPS loss) vs net income $10.9M ($0.23 EPS) in Q2 2025.
- Adjusted EBITDA $28.2M, down 14% YoY; Large Pro & National Partnership revenue grew 20% for second consecutive quarter.
- Non-cash goodwill impairment of $225.6M and intangible impairment of $9.6M drove operating loss of $233.7M.
- Director Jeremy Philips resigned; Michael Steib (former TEGNA CEO) appointed to board effective Aug 4, 2026.
- CEO PSU agreement amended: removed stock price goals for two tranches, modified vesting on termination/change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1705110/000170511026000077/0001705110-26-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1705110/000170511026000077/angi-20260804.htm
  HTML page:      https://secwatch.observer/filing/0001705110-26-000077

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