0001705110 false 0001705110 2021-10-12 2021-10-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares











Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): October 12, 2021


Angi Inc.

(Exact name of registrant as specified in charter)


Delaware   001-38220   82-1204801
(State or other jurisdiction
of incorporation)
File Number)
  (IRS Employer
Identification No.)


3601 Walnut Street, Suite 700

Denver, CO

(Address of principal executive offices)   (Zip Code)


Registrant’s telephone number, including area code: (303) 963-7200


ANGI Homeservices Inc.

(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class Trading Symbol(s) Name of each exchange on which registered
Class A Common Stock, par value $0.001 ANGI

The Nasdaq Stock Market LLC

(Nasdaq Global Select Market)


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨







Item 2.02Results of Operations and Financial Condition.

Item 7.01Regulation FD Disclosure.


On October 12, 2021, the Registrant announced that IAC/InterActiveCorp (the Registrant’s controlling shareholder (“IAC”)) had posted a shareholder letter on the investor relations section of IAC’s website (https://ir.iac.com/quarterly-results), which letter contains preliminary monthly trends for the Registrant through September 30, 2021, as set forth immediately below.


   3/2021   4/2021   5/2021   6/2021   7/2021   8/2021   9/2021 (1) 
Angi Inc.                            
Marketplace Revenue (2)  35%  27%  5%  5%  17%  24%  21%
Advertising and Other Revenue  10%  10%  14%  14%  15%  12%  10%
Total North America Revenue  30%  24%  7%  7%  17%  22%  19%
Europe Revenue  61%  53%  12%  1%  0%  2%  4%
Total Revenue  31%  25%  7%  7%  16%  21%  18%
Angi Services Revenue (included in Marketplace above) (2)  100%  197%  115%  97%  170%  165%  149%
Marketplace Service Requests  60%  30%  -7%  -13%  -13%  -13%  -8%
Marketplace Monetized Transactions  46%  28%  5%  3%  0%  2%  2%
Marketplace Transacting Service Professionals  11%  14%  16%  16%  12%  9%  7%
Advertising Service Professionals  6%  7%  7%  6%  4%  2%  1%



  (1) As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended September 30, 2021 and its monthly results continue to be volatile as the global COVID–19 pandemic continues to change consumer and business behavior in unpredictable ways. As a result, the information set forth above is preliminary and based upon information available to the Registrant as of the date of this report. During the course of the Registrant’s financial close process for the quarter ended September 30, 2021, it may identify items that would require adjustments to the information set forth above, which could be material.
(2)Includes the Total Home Roofing acquisition, which closed on July 1, 2021.







Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


  Angi Inc.  
  By:   /s/ Shannon Shaw
  Name: Shannon Shaw
  Title: Chief Legal Officer  

Date: October 12, 2021