Angi Inc.

Good morning, everyone. Glenn Shiffman here, and welcome to the IAC and Angie Inc. first quarter earnings presentation. Joining me today is Joey Levin, CEO of IAC and chairman of Angie, and Ashin Hanrahan, CEO of Angie Inc. Similar to last quarter, supplemental to our quarterly earnings releases, IAC has published its quarterly shareholder letter. We will not be reading the shareholder letter Thank you for joining me in this presentation. It is currently available on the investor relations section of IAC's website. I will shortly turn the call over to Joey to make a few brief introductory remarks and then we'll open it up to Q&A. Before we get to that, I'd like to remind you that during this presentation we may discuss our outlook and future performance. These forward-looking statements typically may be preceded by words such as we expect, we believe, or similar such statements. These forward-looking views are subject to risks and uncertainties, and our actual results could differ materially from the views expressed here today. Some of these risks have been set forth in IAC's, Vimeo's, and Angie's first quarter press releases and our respective filings with the Security and Exchange Commission. We'll also discuss certain non-GAAP measures, which, as a reminder, include adjusted EBITDA, which we'll refer to today as EBITDA for simplicity during this call. I'll refer you to our three press releases, the IAC shareholder letter, and again to the investor relations section of our websites for all comparable GAAP measures and full reconciliations of all material non-GAAP measures. Now let's jump right into it. Joey?

Glenn, thank you all for joining us. I know it's a very busy week for many of you. I'm now almost participating in as many of these calls as some of you are between Matt and Angie and I see in Vimeo. And so I appreciate the work and effort everyone's putting in to be here. Grateful to be here, grateful to be alive and healthy and well and grateful for a lot of positive momentum in our businesses right now. We had a really strong Q1 and we have a really great outlook for the businesses, for our leaders, for how our customers are interacting with our businesses. It feels like good, solid, positive momentum and that's always a good place to be to start the year. I want to just especially thank Glenn for his work in getting prepared for this. And again, not just preparing all of us, but also Anjali and Narayan for their first call, who I think did a great job. And also, as you know, he's acting as CFO of Angie, so he's got a few full-time jobs right now and doing a wonderful job. And prepping Ashin, who joins us for the first time. So I want to welcome Ashin, who... is just doing phenomenally in his first, I don't know, few weeks, feels like months maybe, on the job, moving at a breakneck pace to get things going in the business, change things, grow things, and start to take some risk with a big, big ambitious vision. I'm sure you'll have plenty of questions for him, and so I don't want to get in the way of that, but we're in a fun place right now, and it's good to be here. Good to be here with all of you. So let's get to those questions.

Great. Our first question will be from Corey Carpenter at JPMorgan.