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


Date of Report (Date of earliest event reported): August 9, 2022


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


(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 2.02            Results of Operations and Financial Condition.


Item 7.01           Regulation FD Disclosure.


On August 9, 2022, the Registrant announced that it had released its results for the quarter ended June 30, 2022. The full text of the related press release, which is posted on the “Investor Relations” section of the Registrant’s website at https://ir.angi.com/quarterly-earnings and appears in Exhibit 99.1 hereto, is incorporated herein by reference.


Exhibit 99.1 is being furnished under both Item 2.02 “Results of Operations and Financial Condition” and Item 7.01 “Regulation FD Disclosure.”


Item 9.01Financial Statements and Exhibits.


Exhibit No.     Description  
99.1   Press Release of Angi Inc., dated August 9, 2022.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).







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.


  By:   /s/ Shannon Shaw
  Name: Shannon Shaw
  Title: Chief Legal Officer  


Date: August 9, 2022





Exhibit 99.1





DENVER— August 9, 2022—Angi Inc. (NASDAQ: ANGI) released its second quarter results today. Monthly metrics for Angi Inc. through July 2022 are included on page 3 of this release. A letter to IAC shareholders from Angi Inc. Chairman and IAC CEO Joey Levin is available on the Investor Relations section of IAC’s website at ir.iac.com.



($ in millions except per share amounts)


   Q2 2022   Q2 2021   Growth 
Revenue  $515.8   $421.0    23%
Gross profit   388.0    351.3    10%
Operating loss   (20.9)   (32.7)   36%
Net loss   (24.2)   (30.3)   20%
Diluted loss per share   (0.05)   (0.06)   20%
Adjusted EBITDA   9.7    (4.4)   NM 


See reconciliations of GAAP to non-GAAP measures beginning on page 9.




·Revenue increased 23% year-over-year, the 7th consecutive quarter of double-digit growth (and the highest quarterly growth since 2018) reflecting:


o5% growth from Angi Ads and Leads, the first quarter of growth since Q2 2021


o107% growth from Angi Services to $151 million due to the acquisition of Angi Roofing on July 1, 2021 and continued investment


§Angi Services comprised 29% of total revenue as compared to 17% in Q2 2021


§Angi Services revenue totaled $494 million over the trailing twelve months, up 120% year-over-year


o5% declines in Europe (6% growth in local currency)


·Operating loss improved to $21 million (compared to a loss of $33 million in Q2 2021) and Adjusted EBITDA improved to a profit of $10 million (compared to a loss of $4 million in Q2 2021).


·Transacting Service Professionals were 220,000 and Advertising Service Professionals were 37,000.


·Monetized Transactions were 4.7 million in Q2 2022 with over 17 million for the trailing twelve months.







   Q2 2022   Q2 2021   Growth 
($ in millions; rounding differences may occur)               
Angi Ads and Leads  $344.9   $327.1    5%
Angi Services   150.9    72.8    107%
Total North America   495.8    399.9    24%
Europe   20.0    21.0    -5%
Total Revenue  $515.8   $421.0    23%


Operating Loss and Adjusted EBITDA


   Q2 2022   Q2 2021   Growth 
($ in millions; rounding differences may occur)               
Operating loss               
North America  $(20.1)  $(32.1)   38%
Europe   (0.8)   (0.6)   -37%
Total  $(20.9)  $(32.7)   36%
Adjusted EBITDA               
North America  $10.0   $(5.3)   NM 
Europe   (0.3)   0.9    NM 
Total  $9.7   $(4.4)   NM 


·Operating loss decreased $11.8 million to $20.9 million reflecting:
oAdjusted EBITDA of $9.7 million as compared to a loss of $4.4 million in Q2 2021 due to:
§$2.3 million in one-time costs related to rationalizing the Company’s real estate footprint as compared to $9.6 million in Q2 2021
§Gross profit increasing 10% to $388.0 million
§Lower selling and marketing expense as a percentage of revenue due to the anniversary of the consolidation under a single brand on March 17, 2021, which had adversely affected both free and paid search engine marketing efforts in the prior year
o$3.9 million higher stock-based compensation expense due primarily to new grants issued over the past year





Income Taxes


The Company recorded an income tax benefit of $3.7 million in Q2 2022 for an effective tax rate of 13%, which is lower than the statutory rate due primarily to unbenefited foreign losses. The Company recorded an income tax benefit of $9.1 million in Q2 2021 for an effective tax rate of 23%, which is higher than the statutory rate due primarily to an adjustment to the forecasted annual effective tax rate, partially offset by nondeductible stock-based compensation expense.


Operating Metrics


   Q2 2022   Q2 2021   Growth 
Angi Service Requests (in thousands)   8,498    9,419    -10%
Angi Monetized Transactions (in thousands)   4,740    5,006    -5%
Angi Transacting Service Professionals (in thousands)   220    225    -2%
Angi Advertising Service Professionals (in thousands)   37    40    -8%


Monthly Metrics (year-over-year growth trends) (a)


   Apr '22   May '22   Jun '22   Jul '22 
Angi Ads and Leads   -2%   8%   11%   7%
Angi Services (b)   111%   108%   103%   18%
Total North America Revenue   17%   26%   29%   10%
Europe Revenue   -7%   -6%   -1%   6%
Total Revenue   16%   24%   27%   10%
Angi Service Requests   -14%   -7%   -8%   -9%
Angi Monetized Transactions   -8%   -3%   -5%   -7%
Angi Transacting Service Professionals   -4%   -3%   -2%   -3%
Angi Advertising Service Professionals   -7%   -7%   -8%   -7%


(a) As of the date of this document, the Company has not yet completed its financial close process for July 2022. As a result, the information herein for July 2022 is preliminary and based upon information available to the Company as of the date of this document. During the course of the financial close process, the Company may identify items that would require it to make adjustments, which may impact growth rates and be material to the information presented above.

(b) Includes revenue from Angi Roofing, which was acquired on July 1, 2021.






Free Cash Flow


For the six months ended June 30, 2022, net cash from operations decreased $52.2 million to $7.1. million and Free Cash Flow decreased $78.6 million to negative $55.1 million due primarily to unfavorable working capital, higher capital expenditures and lower Adjusted EBITDA.


   Six Months Ended June 30, 
($ in millions; rounding differences may occur)  2022   2021 
Net cash provided by operating activities  $7.1   $59.3 
Capital expenditures   (62.1)   (35.7)
Free Cash Flow  $(55.1)  $23.5 




As of June 30, 2022:


·Angi Inc. had 502.7 million Class A and Class B common shares outstanding.
·IAC’s economic interest in Angi Inc. was 84.5% and IAC’s voting interest in Angi Inc. was 98.2%.
·Angi Inc. had $361 million in cash and cash equivalents and $500 million of debt (due August 15, 2028), which was held at ANGI Group, LLC (a subsidiary of Angi Inc.).


Angi Inc. has 15.0 million shares remaining in its stock repurchase authorization.


Angi Inc. may repurchase shares over an indefinite period on the open market and in privately negotiated transactions, depending on those factors management deems relevant at any particular time, including, without limitation, market conditions, share price and future outlook.




IAC and Angi Inc. will live stream a joint video conference call to answer questions regarding their second quarter results on Wednesday, August 10, 2022, at 8:30 a.m. Eastern Time. This live stream will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of IAC’s and Angi Inc.’s businesses. The live stream will be open to the public at ir.angi.com and ir.iac.com.







Angi Inc. has various dilutive securities. The table below details these securities as well as potential dilution at various stock prices (shares in millions; rounding differences may occur).


     Exercise  As of     
  Shares  Price  8/5/22   Dilution at: 
Share Price        $5.82   $6.00   $7.00   $8.00   $9.00 
Absolute Shares as of 8/5/22 503.3       503.3    503.3    503.3    503.3    503.3 
SARs 0.5  $3.27   0.1    0.1    0.1    0.1    0.1 
Options 0.6  $13.36   0.0    0.0    0.0    0.0    0.0 
RSUs and subsidiary denominated equity awards 25.0       6.6    6.6    6.6    6.6    6.6 
Total Dilution         6.7    6.7    6.7    6.7    6.7 
% Dilution         1.3%   1.3%   1.3%   1.3%   1.3%
Total Diluted Shares Outstanding         510.0    510.0    510.0    510.0    510.0 


The dilutive securities presentation is calculated using the method and assumptions described below, which are different from those used for GAAP dilution, which is calculated based on the treasury stock method.


The Company currently settles all equity awards on a net basis; therefore, the dilutive effect is presented as the net number of shares expected to be issued upon exercise or vesting, and in the case of options, assuming no proceeds are received by the Company. Any required withholding taxes are paid in cash by the Company on behalf of the employees assuming a withholding tax rate of 50%. In addition, the estimated income tax benefit from the tax deduction received upon the exercise or vesting of these awards is assumed to be used to repurchase Angi Inc. shares. Assuming all awards were exercised or vested on August 5, 2022, withholding taxes paid by the Company on behalf of the employees upon net settlement would have been $67.5 million, assuming a stock price of $5.82 and a 50% withholding rate. The table above assumes no change in the fair value estimate of the non-publicly traded subsidiary denominated equity awards from the values used at June 30, 2022.







($ in thousands except per share data)


   Three Months Ended June 30,   Six Months Ended June 30, 
   2022   2021   2022   2021 
Revenue  $515,782   $420,988   $951,941   $808,017 
Cost of revenue (exclusive of depreciation shown separately below)   127,771    69,704    226,769    123,532 
Gross Profit   388,011    351,284    725,172    684,485 
Operating costs and expenses:                    
Selling and marketing expense   251,159    239,031    476,960    444,871 
General and administrative expense   119,626    107,486    229,281    195,648 
Product development expense   20,954    18,752    38,813    36,799 
Depreciation   13,354    15,058    27,353    31,027 
Amortization of intangibles   3,804    3,688    7,608    8,762 
Total operating costs and expenses   408,897    384,015    780,015    717,107 
Operating loss   (20,886)   (32,731)   (54,843)   (32,622)
Interest expense   (5,026)   (5,814)   (10,048)   (12,431)
Other expense, net   (1,750)   (636)   (2,141)   (1,403)
Loss before income taxes   (27,662)   (39,181)   (67,032)   (46,456)
Income tax benefit   3,665    9,129    9,748    18,418 
Net loss   (23,997)   (30,052)   (57,284)   (28,038)
Net earnings attributable to noncontrolling interests   (235)   (241)   (338)   (324)
Net loss attributable to Angi Inc. shareholders  $(24,232)  $(30,293)  $(57,622)  $(28,362)
Per share information attributable to Angi Inc. shareholders:                    
Basic loss per share  $(0.05)  $(0.06)  $(0.11)  $(0.06)
Diluted loss per share  $(0.05)  $(0.06)  $(0.11)  $(0.06)
Stock-based compensation expense by function:                    
Selling and marketing expense  $1,891   $865   $3,130   $1,882 
General and administrative expense   8,662    7,410    18,297    7,494 
Product development expense   2,864    1,268    4,975    2,201 
Total stock-based compensation expense  $13,417   $9,543   $26,402   $11,577 







($ in thousands)


   June 30,   December 31, 
   2022   2021 
Cash and cash equivalents  $360,950   $428,136 
Accounts receivable, net of reserves   119,768    84,387 
Other current assets   81,864    70,548 
Total current assets   562,582    583,071 
Capitalized software, leasehold improvements and equipment, net   156,230    118,267 
Goodwill   909,964    916,039 
Intangible assets, net   185,174    193,826 
Deferred income taxes   135,315    122,693 
Other non-current assets   68,250    76,245 
TOTAL ASSETS  $2,017,515   $2,010,141 
Accounts payable  $41,700   $38,860 
Deferred revenue   56,940    53,834 
Accrued expenses and other current liabilities   238,962    183,815 
Total current liabilities   337,602    276,509 
Long-term debt, net   494,913    494,552 
Deferred income taxes   2,223    1,883 
Other long-term liabilities   82,905    91,670 
Commitments and contingencies          
Class A common stock   101    100 
Class B common stock   422    422 
Class C common stock   -    - 
Additional paid-in capital   1,374,200    1,350,457 
Accumulated deficit   (119,251)   (61,629)
Accumulated other comprehensive (loss) income   (393)   3,309 
Treasury stock   (166,184)   (158,040)
Total Angi Inc. shareholders' equity   1,088,895    1,134,619 
Noncontrolling interests   10,977    10,908 
Total shareholders' equity   1,099,872    1,145,527 






($ in thousands)


   Six Months Ended June 30, 
   2022   2021 
Cash flows from operating activities:          
Net loss  $(57,284)  $(28,038)
Adjustments to reconcile net loss to net cash provided by operating activities:          
Provision for credit losses   47,926    42,731 
Stock-based compensation expense   26,402    11,577 
Depreciation   27,353    31,027 
Amortization of intangibles   7,608    8,762 
Deferred income taxes   (12,095)   (20,344)
Impairment of long-lived assets and right-of-use assets   2,195    12,280 
Non-cash lease expense   6,612    6,326 
Revenue reserves   3,009    4,667 
Other adjustments, net   1,976    2,592 
Changes in assets and liabilities, net of effects of acquisitions and dispositions:          
Accounts receivable   (84,234)   (63,192)
Other assets   (11,140)   2,050 
Accounts payable and other liabilities   52,661    51,442 
Operating lease liabilities   (8,624)   (8,243)
Income taxes payable and receivable   1,571    315 
Deferred revenue   3,143    5,301 
Net cash provided by operating activities   7,079    59,253 
Cash flows from investing activities:          
Capital expenditures   (62,138)   (35,713)
Proceeds from maturities of marketable debt securities   -    50,000 
Net proceeds from the sale of a business   -    750 
Proceeds from sale of fixed assets   164    - 
Net cash (used in) provided by investing activities   (61,974)   15,037 
Cash flows from financing activities:          
Principal payments on Term Loan   -    (220,000)
Purchase of treasury stock   (8,144)   (5,637)
Withholding taxes paid on behalf of employees on net settled stock-based awards   (3,513)   (54,596)
Purchase of noncontrolling interests   -    (22,938)
Net cash used in financing activities   (11,657)   (303,171)
Total cash used   (66,552)   (228,881)
Effect of exchange rate changes on cash and cash equivalents and restricted cash   (983)   546 
Net decrease in cash and cash equivalents and restricted cash   (67,535)   (228,335)
Cash and cash equivalents and restricted cash at beginning of period   429,485    813,561 
Cash and cash equivalents and restricted cash at end of period  $361,950   $585,226 






($ in millions; rounding differences may occur)




   For the three months ended June 30, 2022 
   Operating loss   Stock-based
   Depreciation   Amortization of
   Adjusted EBITDA 
North America  $(20.1)  $13.4   $12.8   $3.8   $10.0 
Europe   (0.8)   -    0.5    -    (0.3)
Total  $(20.9)  $13.4   $13.4   $3.8   $9.7 


   For the three months ended June 30, 2021 
   Operating loss   Stock-based
   Depreciation   Amortization of
   Adjusted EBITDA 
North America  $(32.1)  $9.5   $13.7   $3.7   $(5.3)
Europe   (0.6)   0.1    1.4    -    0.9 
Total  $(32.7)  $9.5   $15.1   $3.7   $(4.4)


   For the six months ended June 30, 2022 
   Operating loss   Stock-based compensation expense   Depreciation   Amortization of
   Adjusted EBITDA 
North America  $(49.7)  $26.4   $26.0   $7.6   $10.4 
Europe   (5.1)   -    1.3    -    (3.8)
Total  $(54.8)  $26.4   $27.4   $7.6   $6.5 


   For the six months ended June 30, 2021 
   Operating loss   Stock-based
   Depreciation   Amortization of
   Adjusted EBITDA 
North America  $(22.5)  $11.4   $28.3   $8.8   $25.9 
Europe   (10.1)   0.2    2.8    -    (7.1)
Total  $(32.6)  $11.6   $31.0   $8.8   $18.7 








   Three Months Ended June 30, 
   2021, As Reported           2021, As Reported 
Europe Revenue  $21.0           $21.0 
   2022, As Reported   Foreign exchange
   2022, excluding foreign
exchange effects
Europe Revenue  $20.0   $2.4   $22.3 
Percentage increase (decrease)   -5%      6%







Angi Inc. reports Adjusted EBITDA and Free Cash Flow, both of which are supplemental measures to U.S. generally accepted accounting principles (“GAAP”). These are among the primary metrics by which we evaluate the performance of our businesses, on which our internal budgets are based and by which management is compensated. We believe that investors should have access to, and we are obligated to provide, the same set of tools that we use in analyzing our results. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. Angi Inc. endeavors to compensate for the limitations of the non-GAAP measures presented by providing the comparable GAAP measures with equal or greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the non-GAAP measures. We encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures, which are included in this release. Interim results are not necessarily indicative of the results that may be expected for a full year.


Definitions of Non-GAAP Measures


Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA) is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. We believe this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.


Free Cash Flow is defined as net cash provided by operating activities, less capital expenditures. We believe Free Cash Flow is useful to investors because it represents the cash that our operating businesses generate, before taking into account non-operational cash movements. Free Cash Flow has certain limitations in that it does not represent the total increase or decrease in the cash balance for the period, nor does it represent the residual cash flow for discretionary expenditures. For example, it does not take into account mandatory debt service requirements. Therefore, we think it is important to evaluate Free Cash Flow along with our consolidated statement of cash flows.


Non-Cash Expenses That Are Excluded from Adjusted EBITDA


Stock-based compensation expense consists of expense associated with the grants, including unvested grants assumed in acquisitions, of stock appreciation rights (SARs), restricted stock units (RSUs), stock options and performance-based RSUs and market-based awards. These expenses are not paid in cash and we view the economic costs of stock-based awards to be the dilution to our share base; we also include the related shares in our fully diluted shares outstanding for GAAP earnings per share using the treasury stock method. Performance-based RSUs and market-based awards are included only to the extent the applicable performance or market condition(s) have been met (assuming the end of the reporting period is the end of the contingency period). The Company is currently settling all stock-based awards on a net basis and remits the required tax-withholding amounts from its current funds.


Please see page 5 for a summary of our dilutive securities as of August 5, 2022 and a description of the calculation methodology.


Depreciation is a non-cash expense relating to our capitalized software, leasehold improvements and equipment and is computed using the straight-line method to allocate the cost of depreciable assets to operations over their estimated useful lives, or, in the case of leasehold improvements, the lease term, if shorter.


Amortization of intangible assets and impairments of goodwill and intangible assets are non-cash expenses related primarily to acquisitions. At the time of an acquisition, the identifiable definite-lived intangible assets of the acquired company, such as service professional relationships, technology, memberships, customer lists and user base and trade names, are valued and amortized over their estimated lives. Value is also assigned to acquired indefinite-lived intangible assets, which comprise trade names and trademarks, and goodwill that are not subject to amortization. An impairment is recorded when the carrying value of an intangible asset or goodwill exceeds its fair value. We believe that intangible assets represent costs incurred by the acquired company to build value prior to acquisition and the related amortization and impairments of intangible assets or goodwill, if applicable, are not ongoing costs of doing business.





Metric Definitions


Angi Ads and Leads Revenue - Primarily reflects domestic ads and leads revenue, including consumer connection revenue for consumer matches, revenue from service professionals under contract for advertising and membership subscription revenue from service professionals and consumers.


Angi Services Revenue – Primarily reflects domestic revenue from pre-priced offerings by which the consumer purchases services directly from Angi Inc. and Angi Inc. engages a service professional to perform the service and includes revenue from Total Home Roofing, Inc. (“Angi Roofing”), which was acquired on July 1, 2021.


Angi Service Requests - Fully completed and submitted domestic customer service requests and includes Angi Services requests in the period.


Angi Monetized Transactions - Fully completed and submitted domestic customer service requests that were matched to and paid for by a service professional and includes completed and in-process Angi Services jobs in the period.


Angi Transacting Service Professionals – The number of service professionals that paid for consumer matches through Angi Leads or performed an Angi Services job during the most recent quarter.


Angi Advertising Service Professionals - The number of service professionals under contract for advertising at the end of the period.







Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995


This press release and our live stream, which will be held at 8:30 a.m. Eastern Time on Wednesday, August 10, 2022, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as "anticipates," "estimates," "expects," "plans" and "believes," among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: the Company’s future financial performance, business prospects and strategy, anticipated trends and prospects in the home services industry and other similar matters. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others: the impact of the COVID-19 outbreak on our businesses, our ability to compete, the failure or delay of the home services market to migrate online, adverse economic events or trends (particularly those that adversely impact consumer confidence and spending behavior), our ability to establish and maintain relationships with quality service professionals, our ability to build, maintain and/or enhance our various brands, the impact of our brand initiative, our ability to expand Angi Services (pre-priced offerings), our ability to market our various products and services in a successful and cost-effective manner, the continued display of links to websites offering our products and services in a prominent manner in search results, our continued ability to communicate with consumers and service professionals via e-mail (or other sufficient means), our ability to access, share and use personal data about consumers, our ability to develop and monetize versions of our products and services for mobile and other digital devices, any challenge to the contractor classification or employment status of our Handy service professionals, our ability to protect our systems, technology and infrastructure from cyberattacks and to protect personal and confidential user information, the occurrence of data security breaches, fraud and/or additional regulation involving or impacting credit card payments, the integrity, efficiency and scalability of our technology systems and infrastructures (and those of third parties with whom we do business), operational and financial risks relating to acquisitions and our continued ability to identify suitable acquisition candidates, our ability to operate (and expand into) international markets successfully, our ability to adequately protect our intellectual property rights and not infringe the intellectual property rights of third parties, changes in key personnel, various risks related to our relationship with IAC and various risks related to our outstanding indebtedness. Certain of these and other risks and uncertainties are discussed in Angi Inc.’s filings with the Securities and Exchange Commission. Other unknown or unpredictable factors that could also adversely affect Angi Inc.’s business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, these forward-looking statements may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of Angi Inc.’s management as of the date of this press release. Angi Inc. does not undertake to update these forward-looking statements.


About Angi Inc.


Angi (NASDAQ: ANGI) is your home for everything home—a comprehensive solution for all your home needs. From repairs and renovations to products and financing, Angi is transforming every touch point in the customer journey. With over 25 years of experience and a network of over 200,000 pros, we have helped more than 150 million people with their home needs. Angi is your partner for every part of your home care journey.


Contact Us


IAC/Angi Inc. Investor Relations

Mark Schneider

(212) 314-7400


Angi Inc. Corporate Communications

Mallory Micetich

(303) 963-8352


IAC Corporate Communications

Valerie Combs

(212) 314-7251


Angi Inc.

3601 Walnut Street, Denver, CO 80205 (303) 963-7200 http://www.angi.com