Angi (ANGI) Registration Filing summary

Company overview and business model

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

• Became a public company in 2017 through the combination of HomeAdvisor and Angie's List.

Financial performance and metrics

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

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

• 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

• Neither Angi nor IAC will receive any proceeds from the distribution; Angi will pay certain expenses related to the distribution.

• No consideration will be paid for the shares distributed.