1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Angi Inc.
  6. News
  7. Summary
    ANGI   US00183L1026

ANGI INC.

(ANGI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Angi : Results of Operations and Financial Condition - Form 8-K

01/12/2022 | 04:26pm EDT

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): January 12, 2022

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 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.

On January 12, 2022, 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 December 31, 2021, as set forth immediately below.

6/2021 7/2021 8/2021 9/2021 10/2021 11/2021 12/2021(1)
Angi Inc.
Angi Ads and Leads -4 % -3 % 2 % 0 % -2 % -2 % 0 %
Angi Services (2) 96 % 169 % 164 % 148 % 124 % 125 % 101 %
Total North America Revenue 7 % 17 % 22 % 19 % 15 % 18 % 17 %
Europe Revenue 1 % 0 % 2 % 4 % 4 % 1 % -4 %
Total Revenue 7 % 16 % 21 % 18 % 15 % 17 % 16 %
Angi Service Requests -13 % -13 % -13 % -8 % -8 % -2 % -3 %
Angi Monetized Transactions 3 % 0 % 2 % 2 % 0 % 5 % 4 %
Angi Transacting Service Professionals 16 % 12 % 9 % 7 % 4 % 1 % -1 %
Angi Advertising Service Professionals 6 % 4 % 2 % 1 % -1 % -2 % -4 %
(1) As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended December 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 December 31, 2021, it may identify items that would require adjustments to the information set forth above, which could be material.
(2) Includes revenue from Total Home Roofing, Inc. ("Angi Roofing"), which was acquired on July 1, 2021.

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: January 12, 2022

Disclaimer

ANGI Inc. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 21:25:07 UTC.


© Publicnow 2022
All news about ANGI INC.
05/25TRANSCRIPT : Angi Inc. Presents at J.P. Morgan’s 50th Annual Global Technology, Media..
CI
05/18Angi to Participate in the 50th Annual J.P. Morgan Global Technology, Media and Communi..
GL
05/18Angi to Participate in the 50th Annual J.P. Morgan Global Technology, Media and Communi..
AQ
05/16Wells Fargo Adjusts Angi's Price Target to $11 from $13, Keeps Overweight Rating
MT
05/12Goldman Sachs Adjusts Angi Price Target to $9 From $12, Maintains Buy Rating
MT
05/11Piper Sandler Lowers Angi's Price Target to $5 From $8, Neutral Rating Kept
MT
05/11Oppenheimer Adjusts Angi Price Target to $10 From $14, Maintains Outperform Rating
MT
05/11Wedbush Lowers Angi's Price Target to $5.50 from $7.50, Keeps Neutral Rating
MT
05/11RBC Cuts Price Target on Angi to $6 From $7, Maintains Sector Perform Rating
MT
05/10ANGI INC. Management's Discussion and Analysis of Financial Condition and Results of O..
AQ
More news
Analyst Recommendations on ANGI INC.
More recommendations
Financials (USD)
Sales 2022 1 927 M - -
Net income 2022 -100 M - -
Net Debt 2022 122 M - -
P/E ratio 2022 -27,0x
Yield 2022 -
Capitalization 2 672 M 2 672 M -
EV / Sales 2022 1,45x
EV / Sales 2023 1,22x
Nbr of Employees 5 200
Free-Float 14,6%
Chart ANGI INC.
Duration : Period :
Angi Inc. Technical Analysis Chart | ANGI | US00183L1026 | MarketScreener
Technical analysis trends ANGI INC.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 5,32 $
Average target price 9,79 $
Spread / Average Target 84,1%
EPS Revisions
Managers and Directors
Oisin Hanrahan Chief Executive Officer & Director
Jeff Pedersen Chief Financial Officer & Executive Vice President
Joseph M. Levin Non-Executive Chairman
Kulesh Shanmugasundaram Chief Technology Officer
Thomas R. Evans Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ANGI INC.-42.24%2 672
SNAP INC.-68.51%23 170
KAKAO GAMES CORP.-34.40%3 694
DENA CO., LTD.12.14%1 850
MODERN TIMES GROUP MTG AB (PUBL)16.67%1 198
FINVOLUTION GROUP-14.00%1 081