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Angi Inc. – ‘8-K’ for 10/7/20

On:  Thursday, 10/8/20, at 4:36pm ET   ·   For:  10/7/20   ·   Accession #:  1104659-20-113450   ·   File #:  1-38220

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/08/20  ANGI Homeservices Inc.            8-K:2,7    10/07/20   10:225K                                   Toppan Merrill/FA

Current Report   —   Form 8-K
Filing Table of Contents

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 6: R1          Cover                                               HTML     47K 
 8: XML         IDEA XML File -- Filing Summary                      XML     11K 
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 7: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 3: EX-101.LAB  XBRL Labels -- angi-20201007_lab                     XML     96K 
 4: EX-101.PRE  XBRL Presentations -- angi-20201007_pre              XML     64K 
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 9: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    34K 
10: ZIP         XBRL Zipped Folder -- 0001104659-20-113450-xbrl      Zip     12K 


‘8-K’   —   Current Report


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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM  i 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):  i October 7, 2020

 

 i ANGI Homeservices Inc.

(Exact name of registrant as specified in charter)

 

 i Delaware    i 001-38220    i 82-1204801
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

 i 3601 Walnut Street,  i Suite 700

 i Denver,  i CO

   i 80205
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: ( i 303)  i 963-7200

 

(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:

 

 i ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i ¨ 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
 i Class A Common Stock, par value $0.001  i ANGI

 i 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  i ¨

 

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. ¨

 

 

 

 C: 

 

 

 

Item 2.02       Results of Operations and Financial Condition.

Item 7.01       Regulation FD Disclosure.

  

On October 7, 2020, 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://www.iac.com/investor-relations/overview/), which letter contains preliminary monthly trends for the Registrant through September 30, 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 
ANGI Homeservices                                 
Marketplace Revenue  25%  27%  3%  -2%  20%  18%  10%  15%  12%
Advertising & Other Revenue  7%  8%  4%  4%  1%  0%  -2%  -1%  2%
Total North America Revenue  21%  23%  3%  -1%  16%  15%  7%  12%  10%
Europe Revenue  3%  -3%  -27%  -28%  -7%  8%  -5%  2%  -5%
Total ANGI Homeservices Revenue  19%  21%  1%  -2%  15%  14%  7%  12%  9%
Other ANGI Homeservices Metrics                                    
Marketplace Service Requests  11%  13%  -12%  -8%  27%  34%  24%  33%  30%
Marketplace Monetized Transactions  4%  11%  -11%  -11%  8%  10%  5%  10%  10%
Marketplace Transacting Service Professionals  8%  8%  5%  4%  4%  3%  7%  9%  9%
Advertising Service Professionals  4%  7%  4%  4%  3%  4%  5%  6%  5%

 

 

(1) As of the date of this report, the Registrant has not yet completed its financial close process for the quarter ended September 30, 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 September 30, 2020, it may identify items that would require adjustments to the information set forth above, which could be material.

 

 C: 

 

 

 

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/ Jamie Cohen
  Name: Jamie Cohen
  Title: Chief Financial Officer  

 

 

Date: October 8, 2020

 

 C: 

 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:10/8/20
For Period end:10/7/20
9/30/2010-Q,  4
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