ANGI Inc.
10/18/2021 | Press release | Distributed by Public on 10/18/2021 14:15
Financial Statements - Form 8-K
The table below reflects the realignment of the Company's disaggregated revenue presentation described in Item 7.01 of this Form 8-K:
| 2019 | 2020 | 2021 | ||||||||||||||
| FY | Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | |||||||||
| North America | ||||||||||||||||
| Angi Ads and Leads: | ||||||||||||||||
|
Consumer connection revenue(a)
|
$ | 867,307 | $ | 208,605 | $ | 242,015 | $ | 244,184 | $ | 204,371 | $ | 899,175 | $ | 221,430 | $ | 240,016 |
|
Advertising revenue(b)
|
214,259 | 55,296 | 55,219 | 56,217 | 59,773 | 226,505 | 60,747 | 62,608 | ||||||||
|
Membership subscription revenue(c)
|
92,975 | 20,227 | 18,823 | 17,760 | 17,263 | 74,073 | 16,882 | 17,065 | ||||||||
| Other revenue | 23,844 | 7,084 | 9,138 | 8,922 | 7,992 | 33,136 | 7,278 | 7,431 | ||||||||
| Total Angi Ads and Leads revenue | 1,198,385 | 291,212 | 325,195 | 327,083 | 289,399 | 1,232,889 | 306,337 | 327,120 | ||||||||
|
Angi Services revenue(d)
|
51,507 | 32,920 | 32,222 | 45,143 | 52,254 | 162,539 | 54,704 | 72,825 | ||||||||
| Total North America revenue | 1,249,892 | 324,132 | 357,417 | 372,226 | 341,653 | 1,395,428 | 361,041 | 399,945 | ||||||||
| Europe | ||||||||||||||||
|
Consumer connection revenue(e)
|
59,611 | 15,689 | 13,945 | 14,006 | 14,052 | 57,692 | 22,351 | 17,345 | ||||||||
| Service professional membership subscription revenue | 14,231 | 3,299 | 3,215 | 3,278 | 3,299 | 13,091 | 3,328 | 3,331 | ||||||||
| Advertising and other revenue | 2,471 | 530 | 484 | 403 | 297 | 1,714 | 309 | 367 | ||||||||
| Total Europe revenue | 76,313 | 19,518 | 17,644 | 17,687 | 17,648 | 72,497 | 25,988 | 21,043 | ||||||||
| Total revenue | $ | 1,326,205 | $ | 343,650 | $ | 375,061 | $ | 389,913 | $ | 359,301 | $ | 1,467,925 | $ | 387,029 | $ | 420,988 |
(a)Includes fees paid by service professionals for consumer matches.
(b)Includes revenue from service professionals under contract for advertising.
(c) Includes membership subscription revenue from service professionals and consumers.
(d) Includes revenue from pre-priced offerings.
(e) Includes fees paid by service professionals for consumer matches.
Below are the updated defined terms for Angi Ads and Leads revenue and Angi Services revenue:
•Angi Ads and Leads Revenue primarily reflects domestic ads and leads revenues, including consumer connection revenue for consumer matches, revenue from service professionals under contract for advertising and membership subscription revenue from service professionals and consumers.
•Angi Services Revenue primarily reflects domestic revenue from pre-priced offerings by which the consumer purchases services directly from the Company and the Company engages a service professional to perform the service and includes the Total Home Roofing acquisition, which closed on July 1, 2021.