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ANGI Homeservices inc (ANGI) Q2 2021 Earnings Call Transcript

Angi Launches 'Angi Key' Membership to Unlock Savings on All Home Projects

IAC Stockholders Approve Vimeo Spin-off

Share this article NEW YORK, May 14, 2021 /PRNewswire/  IAC (NASDAQ: IAC) today announced that, at its stockholder meeting held today, IAC stockholders voted to approve the separation of Vimeo from the remaining businesses of IAC. IAC anticipates the spin-off will be completed prior to the open of business on Tuesday, May 25, 2021, subject to the satisfaction or waiver of all closing conditions, and that Vimeo will begin trading on Nasdaq (ticker symbol VMEO ) that day.  Subject to the final approval of the IAC board of directors, IAC expects that Vimeo will trade on Nasdaq on a when-issued basis (ticker symbol VMEOV ) from May 18 through May 24, 2021. 

A $500 Billion Addressable Market Awaits This Growth Stock

Author Bio Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman Nearly two months ago,  Angi (NASDAQ:ANGI), the company formerly known as ANGI Homeservices, announced a rebrand. The company refreshed its logo and brought together its two principal brands, Angie s List and HomeAdvisors, under the name Angi.  The rebrand was the first major step under new CEO Oisin Hanrahan, who wants to streamline the organization, focus its mission on delivering value for customers and service providers, and grow new pre-priced Angi Services, where the company books jobs itself and then hands them off to service providers.

ANGI : REPORTS Q1 2021 – Q1 REVENUE INCREASES 13% TO $387 MILLION

% (a) As of the date of this document, the Company has not yet completed its financial close process for April 2021. As a result, the information herein for April 2021 is preliminary and based upon information available to the Company as of the date of this document. During the course of the financial close process, the Company may identify items that would require it to make adjustments, which may impact growth rates and be material to the information presented above. Free Cash Flow For the three months ended March 31, 2021, net cash from operations decreased $40.6 million to $15.3 million and Free Cash Flow decreased $46.1 million to negative $3.4 million due primarily to lower Adjusted EBITDA and unfavorable working capital.