Angi Inc

For the period ended Mar 31, 2025. Filed May 6, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

ANGI$6.92-5.5%Stored close · as of Nov 6, 2026

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Contents

Consolidated Statement of Operations

	Three Months Ended March 31,
	2025	2024
(In thousands, except per share data)
Revenue	$245,913	$305,390
Cost of revenue (exclusive of depreciation shown separately below)	13,015	12,497
Gross profit	232,898	292,893
Operating costs and expenses:
Selling and marketing expense	118,541	157,051
General and administrative expense	57,319	85,521
Product development expense	27,087	23,756
Depreciation	9,948	23,849
Total operating costs and expenses	212,895	290,177
Operating income	20,003	2,716
Interest expense	(5,044)	(5,038)
Other income, net	4,828	4,484
Earnings before income taxes	19,787	2,162
Income tax provision	(4,681)	(3,479)
Net earnings (loss)	15,106	(1,317)
Net earnings attributable to noncontrolling interests	—	(314)
Net earnings (loss) attributable to Angi Inc. shareholders	$15,106	$(1,631)
Per share information attributable to Angi Inc. shareholders:
Basic earnings (loss) per share	$0.30	$(0.03)
Diluted earnings (loss) per share	$0.30	$(0.03)
Stock-based compensation expense by function:
Selling and marketing expense	$636	$1,232
General and administrative expense	(6,847)	7,193
Product development expense	3,924	972
Total stock-based compensation expense	$(2,287)	$9,397

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