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0001705110 false 0001705110 2021-04-12 2021-04-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): April 12, 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

 

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 April 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 March 31, 2021, as set forth immediately below.

 

    9/2020     10/2020     11/2020     12/2020     1/2021     2/2021     3/2021  
Angi Inc.                                          
Marketplace Revenue   12 %   13 %   18 %   15 %   4 %   -2 %   35 %
Advertising & Other Revenue   1 %   2 %   3 %   4 %   6 %   5 %   10 %
Total North America Revenue   10 %   10 %   15 %   12 %   5 %   -1 %   30 %
Europe Revenue   -5 %   -3 %   4 %   10 %   18 %   27 %   61 %
Total Angi Inc. Revenue   9 %   10 %   14 %   12 %   6 %   1 %   31 %
Marketplace Service Requests   30 %   21 %   17 %   15 %   10 %   17 %   60 %
Marketplace Monetized Transactions   10 %   5 %   4 %   3 %   0 %   3 %   47 %
Marketplace Transacting Service Professionals   9 %   10 %   11 %   11 %   11 %   9 %   11 %
Advertising Service Professionals   5 %   6 %   6 %   7 %   7 %   6 %   6 %

 

 

  (1) As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended March 31, 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 March 31, 2021, it may identify items that would require adjustments to the information set forth above, which could be material.

 

 

 

 

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

Date: April 12, 2021