Angi (ANGI) Registration Filing summary

Company overview and business model

• Operates a digital platform connecting consumers with home service professionals across 500+ categories, including repair, remodeling, cleaning, and landscaping.

• Headquartered in Denver, Colorado, and listed on Nasdaq under the symbol ANGI.

Financial performance and metrics

• For the nine months ended September 30, 2024, reported pro forma revenue of $917.2 million and net earnings attributable to shareholders of $35.5 million.

• For the year ended December 31, 2023, reported pro forma revenue of $1.36 billion and a net loss attributable to shareholders of $36.1 million.

• Cash and cash equivalents as of September 30, 2024, were $395.2 million.

• Pro forma basic and diluted earnings per share for the nine months ended September 30, 2024, were $0.71 and $0.70, respectively, after a planned one-for-ten reverse stock split.

Use of proceeds and capital allocation

• Will not receive any proceeds from the distribution of shares; all shares are distributed as a special dividend by the parent company.

• Angi will pay certain expenses related to the distribution.