Angi Inc 8-K, filed Jan 12, 2021
Angi Inc. (ANGI)
About this 8-K
Angi Inc filed this 8-K on January 12, 2021, reporting on events of January 11, 2021.
Items reported
- Item 2.02: Financial results
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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| Item 2.02 | Results of Operations and Financial Condition. |
| Item 7.01 | Regulation FD Disclosure. |
On January 11, 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 December 31, 2020, as set forth immediately below.
| Year Over Year Growth (1) | ||||||||||||||||||||||||||||||||||||||||||||||||
| 1/2020 | 2/2020 | 3/2020 | 4/2020 | 5/2020 | 6/2020 | 7/2020 | 8/2020 | 9/2020 | 10/2020 | 11/2020 | 12/2020 | |||||||||||||||||||||||||||||||||||||
| ANGI Homeservices | ||||||||||||||||||||||||||||||||||||||||||||||||
| Marketplace Revenue | 25 | % | 27 | % | 3 | % | -2 | % | 20 | % | 18 | % | 10 | % | 15 | % | 12 | % | 13 | % | 18 | % | 15 | % | ||||||||||||||||||||||||
| Advertising & Other Revenue | 7 | % | 8 | % | 4 | % | 4 | % | 1 | % | 0 | % | -2 | % | 0 | % | 1 | % | 2 | % | 3 | % | 4 | % | ||||||||||||||||||||||||
| Total North America Revenue | 21 | % | 23 | % | 3 | % | -1 | % | 16 | % | 15 | % | 7 | % | 12 | % | 10 | % | 10 | % | 15 | % | 12 | % | ||||||||||||||||||||||||
| Europe Revenue | 3 | % | -3 | % | -26 | % | -28 | % | -7 | % | 8 | % | -5 | % | 2 | % | -5 | % | -3 | % | 4 | % | 10 | % | ||||||||||||||||||||||||
| Total ANGI Homeservices Revenue | 19 | % | 21 | % | 1 | % | -2 | % | 15 | % | 14 | % | 7 | % | 12 | % | 9 | % | 10 | % | 14 | % | 12 | % | ||||||||||||||||||||||||
| Other ANGI Homeservices Metrics | ||||||||||||||||||||||||||||||||||||||||||||||||
| Marketplace Service Requests | 11 | % | 13 | % | -12 | % | -8 | % | 27 | % | 34 | % | 24 | % | 33 | % | 30 | % | 21 | % | 17 | % | 15 | % | ||||||||||||||||||||||||
| Marketplace Monetized Transactions | 4 | % | 11 | % | -11 | % | -11 | % | 8 | % | 10 | % | 5 | % | 10 | % | 10 | % | 5 | % | 4 | % | 3 | % | ||||||||||||||||||||||||
| Marketplace Transacting Service Professionals | 8 | % | 8 | % | 5 | % | 4 | % | 4 | % | 3 | % | 7 | % | 9 | % | 9 | % | 10 | % | 11 | % | 11 | % | ||||||||||||||||||||||||
| Advertising Service Professionals | 4 | % | 7 | % | 4 | % | 4 | % | 3 | % | 4 | % | 5 | % | 6 | % | 5 | % | 6 | % | 6 | % | 7 | % | ||||||||||||||||||||||||
| (1) | As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended December 31, 2020 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, 2020, 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 HOMESERVICES INC. | ||
| By: | /s/ Shannon Shaw | |
| Name: | Shannon Shaw | |
| Title: | Chief Legal Officer | |
Date: January 11, 2021