0001705110☐00017051102021-10-182021-10-18

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

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

 

Date of Report (Date of earliest event reported): October 18, 2021

 

Angi Inc.

(Exact name of registrant as specified in charter)

 

Delaware

001-38220

82-1204801

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

3601 Walnut Street,			Suite 700
Denver,			CO						80205
(Address of principal executive offices)									(Zip Code)

 

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

(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.  ☐

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Item 7.01 Regulation FD Disclosure.

During the quarter ended September 30, 2021, Angi Inc. (the “Company” or the “Registrant”) realigned its disaggregated revenue presentation as follows:

North America
Angi Ads and Leads:
Consumer connection revenue(a)
Advertising revenue(b)
Membership subscription revenue(c)
Other revenue
Total Angi Ads and Leads revenue
Angi Services revenue(d)
Total North America revenue
Europe(e)
Total revenue

(a)    Includes fees paid by service professionals for consumer matches.

(b)    Includes revenue from service professionals under contract for advertising.

(c)    Includes membership subscription revenue from service professionals and consumers.

(d)    Includes revenue from pre-priced offerings.

(e)    Europe disaggregated revenue by type of service remains unchanged.

Attached and incorporated herein by reference as Exhibit 99.1 is certain supplemental financial information reflecting the realignment of the Company’s disaggregated revenue presentation described above. Exhibit 99.1 is being furnished by the Registrant pursuant to Regulation FD.

Item 9.01			Financial Statements and Exhibits.

Exhibit No.						Description
99.1						Supplemental financial information.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

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SIGNATURES

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/ JEFFREY W. PEDERSEN
			Name:			Jeffrey W. Pedersen
			Title:			Chief Financial Officer
Date: October 18, 2021