Angi Inc.

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, we anticipate, or similar statements. These forward-looking views are subject to risks and uncertainties, and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in IAC's and Angie Inc.'s first quarter press releases and our respective filings with the SEC. 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 the call. Please also refer to our press releases, the IAC shareholder letter, and again to the investor relations section of our websites for all comparable GAAP measures and full reconciliations for all material non-GAAP measures.

Good morning. I'm Chris Halpin, CFO of Interactive Corp, and I'd like to welcome you to our first quarter earnings call. I'm joined here today by Joey Levin, CEO of IAC, by O'Sheen Hanrahan, CEO of Angie, and Neil Vogel, CEO of Dot Dash Meredith. With that, I will turn it over to Joey.

Good morning, everybody. Thank you for joining us in what is a very turbulent, broader environment. There's a lot of talk right now around forces outside our control, inflation and war and a very volatile market. I want to focus today on forces that are inside our control. And the two biggest things impacting IAC inside our control are Dot Dash Meredith, which is led by Neil Vogel, who you'll hear from today, and Angie, led by Shane, who you'll hear from today. I think what you'll hear from both of them is a tremendous amount of confidence in where we are going in our business. And both are at pivotal group points in the business. Dot Dash Meredith is still new, having completed the acquisition only recently and deep in the midst of the integration, so there's a lot to report on that front. And Angie, we're coming off of Thank you so much for joining us. and we talked about that a little bit in the letter. We view this as a tremendous opportunity for us and we've been waiting for opportunities like this for many, many years now and hopefully we'll be wise enough to take advantage of it while it lasts. So let's go to questions.