Earnings summaries and quarterly performance for Angi.
Executive leadership at Angi.
Jeffrey Kip
Detailed
Chief Executive Officer
CEO
AR
Andrew Russakoff
Detailed
Chief Financial Officer
AH
Angela Hicks Bowman
Detailed
Chief Customer Officer
BC
Bailey Carson
Detailed
Chief Operating Officer
GO
Glenn Orchard
Detailed
Chief Growth Officer
JL
Joseph Levin
Detailed
Executive Chairman
KB
Kris Boon
Detailed
Chief Product Officer
SS
Shannon Shaw
Detailed
Chief Legal Officer
Board of directors at Angi.
Research analysts who have asked questions during Angi earnings calls.
CC
Cory Carpenter
JPMorgan Chase & Co.
6 questions for ANGI
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Eric Sheridan
Goldman Sachs
4 questions for ANGI
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Sergio Segura
KeyBanc Capital Markets
3 questions for ANGI
Also covers: FTDR, YELP
SJ
Stephen Ju
UBS
3 questions for ANGI
Also covers: ABNB, APP, BKNG +7 more
Ygal Arounian
Citigroup
3 questions for ANGI
Also covers: BARK, BMBL, CRTO +13 more
Brad Erickson
RBC Capital Markets
2 questions for ANGI
Also covers: CVNA, FVRR, GDDY +8 more
DK
Daniel Kurnos
The Benchmark Company, LLC
2 questions for ANGI
Also covers: CNVS, DRCT, GLOO +12 more
DK
Dan Kurnos
The Benchmark Company
2 questions for ANGI
Also covers: CNVS, DRCT, MUX +2 more
MC
Matt Condon
Citizens Financial Group, Inc.
2 questions for ANGI
Also covers: IAC, NEXN, UPWK
Youssef Squali
Truist Securities
2 questions for ANGI
Also covers: BABA, DASH, DV +13 more
Audrey Stuart
RBC Capital Markets
1 question for ANGI
Jason Helfstein
Oppenheimer & Co. Inc.
1 question for ANGI
Also covers: BLDE, CART, COMP +23 more
Justin Patterson
KeyBanc Capital Markets
1 question for ANGI
Also covers: ABNB, CART, CRTO +13 more
MC
Matthew Condon
Not Specified in Transcript
1 question for ANGI
Also covers: CTV, DSP, DV +12 more
NJ
Nicholas Jones
Citizens JMP
1 question for ANGI
Also covers: ACVA, CARG, CVNA +14 more
Thomas Champion
Piper Sandler
1 question for ANGI
Also covers: EBAY, EXPE, IAC +7 more
VF
Vanessa F
UBS
1 question for ANGI
Also covers: TRVG
Recent press releases and 8-K filings for ANGI.
ANGI Reports Q4 2025 Results and Provides FY 2026 Guidance
ANGI
Earnings
Guidance Update
Layoffs
- Over the last three years, ANGI has doubled its EBITDA and halved capital expenditures, transitioning from negative to positive free cash flow.
- For Q4 2025, Adjusted EBITDA was $140 million. The company projects low single-digit revenue growth (1-3%) for FY 2026 and anticipates Adjusted EBITDA of $145 million-$150 million for the same period.
- A restructuring effort is expected to generate $70-$80 million in annualized savings, leading to a $60 million year-over-year reduction in fixed costs.
- ANGI is making significant investments in AI and LLM technology, deploying it in its service request path, which has resulted in a 3.3 times improvement in conversion to pro selection for customers using this technology.
- The company's proprietary business grew 17% in 2025 and is expected to grow at high single to low double digits in Q1 2026, despite ongoing pressure from Google SEO and network channels.
8 days ago
Angi Reports Q4 2025 Results and Provides 2026 Outlook
ANGI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Angi has significantly improved its financial health over the last three years, doubling EBITDA and halving capital expenditures, leading to positive free cash flow, despite giving up approximately $500 million of lower quality revenue.
- For Q1 2026, Angi anticipates modest negative revenue growth (-1% to -3%), with full-year 2026 revenue expected to be in the low single digits (1-3%), impacted by continued pressure from Google SEO and network channels.
- The company is making significant investments, including tripling brand marketing spend in 2026 to return to 2024 levels, and expects Adjusted EBITDA to be in the mid-$40 million range for Q2 and Q3 2026.
- Angi is actively integrating AI, with LLM technology in its SR path showing 3.3 times higher conversion to pro selection for 35% of homeowners who use it, and is shifting to an AI-first modern platform.
- A recent restructuring is expected to generate $70-$80 million in annualized savings, resulting in a $40 million lower year-over-year fixed cost base, enabling $10-$15 million of profit growth while funding new investments.
8 days ago
Angi Reports Q4 2025 Results and Provides 2026 Outlook
ANGI
Guidance Update
New Projects/Investments
Layoffs
- Angi has significantly improved its financial health over the last three years, doubling EBITDA and achieving positive free cash flow by shedding $500 million of lower quality revenue and halving capital expenditures.
- For Q1 2026, Angi expects revenue to be down 1% to 3%, with full-year 2026 revenue projected to be in the low single digits (1-3%), impacted by ongoing pressures from Google SEO and network channels.
- The company anticipates Q2 and Q3 2026 Adjusted EBITDA to be in the mid-$40 million range, with Q4 in the low $40 million range, supported by $70-$80 million in annualized restructuring savings.
- Angi is making significant investments in AI integration with LLMs and its own platform, aiming to improve customer conversion, and is reinvesting in branded advertising to drive proprietary business growth, which grew 17% in 2025.
8 days ago
Angi Inc. Announces Q4 2025 Earnings
ANGI
Earnings
Share Buyback
Demand Weakening
- Angi Inc. reported Q4 2025 revenue of $240.8 million, a 10% decrease year-over-year, primarily due to a 79% decline in Network Revenue. Despite this, operating income grew 175% to $5.9 million and Adjusted EBITDA increased 25% to $39.7 million in Q4 2025.
- The revenue decline was largely attributed to the implementation of homeowner choice in January 2025, which led to a (79)% decrease in Network Revenue, though this was partially offset by a 23% increase in Proprietary Revenue. Total Service Requests decreased 4% and Total Leads decreased 9% year-over-year in Q4 2025.
- The company repurchased 3.2 million common shares for $37.3 million between November 3 and December 31, 2025, bringing total repurchases since its spin-off to 19.9% of its shares outstanding for $138.0 million. As of December 31, 2025, Angi Inc. had $303.7 million in cash and cash equivalents.
Feb 10, 2026, 9:08 PM
ANGI: RBI Permits Banks to Lend to REITs, Doubles MSME Loan Limit
ANGI
Debt Issuance
New Projects/Investments
- The Reserve Bank of India (RBI) will permit commercial banks to lend directly to listed Real Estate Investment Trusts (REITs) at the trust level, with draft rules to be issued for public consultation.
- This regulatory change is expected to lower REITs’ cost of capital to an estimated 7–8% (compared to 10–12% for other real-estate funding), provide longer-tenor, more stable finance, and diversify liability stacks, supporting acquisitions and portfolio expansion.
- India's listed REIT market currently manages approximately $27 billion in assets across five trusts, and the new bank lending option aims to address their difficulty in securing long-term funding.
- Separately, the RBI also doubled the collateral-free loan limit for MSMEs from Rs 10 lakh to Rs 20 lakh to improve credit delivery, citing inflation indexation.
Feb 6, 2026, 10:38 AM
Angi Group, LLC enters into new senior secured revolving credit facility
ANGI
Debt Issuance
New Projects/Investments
- On November 6, 2025, ANGI Group, LLC entered into a senior secured revolving facility with an aggregate principal amount of $175,000,000.
- The facility includes a Letter of Credit sublimit of up to $25,000,000 and matures on November 6, 2030.
- Proceeds from the facility will be used for working capital needs and general corporate purposes, including payments, prepayments, redemptions, and repurchases of the Senior Notes.
- The Credit Agreement contains customary covenants, including a financial covenant that requires the Total Net Leverage Ratio not to exceed 4.00 to 1.00 under specific conditions.
Nov 10, 2025, 9:05 PM
ANGI Reports Strong Q3 2025 Proprietary Growth, Provides 2026 Outlook, and Details Strategic Investments
ANGI
Earnings
Guidance Update
New Projects/Investments
- Angi reported strong Q3 2025 performance, with proprietary service request growth accelerating to positive 11%, proprietary lead growth at 16%, and revenue for lead growth at 11%. Customer experience metrics, including hire rate, win rate, net promoter score (NPS), and pro retention, also showed improvement.
- The company is targeting mid-single-digit revenue growth for 2026, anticipating modest overall service growth driven by strong proprietary performance and an expected doubling of TV spend for branded advertising. The network channel now accounts for less than 10% of total leads, down from nearly 40% a year ago.
- Angi is accelerating its platform transformation with a target of achieving a single modern global and AI-first platform by 2027 to address tech debt and enhance product innovation. The new AI Helper, which is now the default experience, converts at a 2.7 times higher level than the traditional flow.
- Capital expenditures are projected to be around $60 million for 2025 and a similar amount for 2026, with 2026 CapEx being front-loaded. The board authorized the repurchase of another 3.2 million shares in mid-September, following year-to-date buybacks totaling $111 million.
Nov 5, 2025, 1:30 PM
Angi Inc. Reports Q3 2025 Results
ANGI
Earnings
Share Buyback
Demand Weakening
- Angi Inc. reported revenue of $265.6 million for Q3 2025, a 10% decrease compared to the prior year, primarily driven by 67% and 81% lower Network Service Requests and Leads, respectively.
- Despite the revenue decline, operating income grew 179% to $21.8 million, and Adjusted EBITDA increased 12% to $39.7 million in Q3 2025.
- The company experienced strong growth in its proprietary channels, with Proprietary Service Requests up 11% and Proprietary Leads up 16% year-over-year in Q3 2025.
- Angi Inc. repurchased 14.7% of its shares outstanding this year through October 31, 2025, and its Board of Directors approved a new share repurchase authorization of approximately 3.2 million shares on September 17, 2025.
Nov 4, 2025, 9:16 PM
Angi Transitions as Stand-Alone with Operational and Product Enhancements
ANGI
Revenue Acceleration/Inflection
New Projects/Investments
Management Change
- CEO Jeffrey Kip outlines his transition from his prior role at IAC to leading Angi’s stand-alone operations, emphasizing his background in integrating international and domestic business units.
- The company is shifting its model by eliminating lower-quality revenue, stabilizing its network base around $1 billion+ revenue, and driving growth through proprietary lead improvements and enhanced homeowner choice, with positive cash flow now achieved.
- Key initiatives include consolidating to a single pro product for finer task and geographic matching and improving sales force efficiency to boost margins and operational performance.
May 15, 2025, 12:41 PM
Angi Inc Q1 2025 Earnings Call Overview & Summary
ANGI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
Demand Weakening
- Homeowner choice rollout led to a significant drop in network channel leads and service requests, driving Q1 revenue decline while boosting homeowner satisfaction and achieving a 10% jump in pro win rates.
- Pro engagement metrics were refined by switching from Transacting Professionals to Average Monthly Active Pros, with retention improvements and activity rates rising from 22% to 26% YoY.
- Q1 data shows narrowing declines in Proprietary Channel Service Requests despite significant falls in Network Channel volumes and leads, affecting revenue per request.
- The company expects proprietary channels to recover in Q2 2025 with stabilized lead volumes and higher revenue per lead, setting the stage for growth in 2026.
- Upcoming product initiatives, including AI integration and self-serve acquisitions, aim to drive further operational improvements and enhanced pro network metrics.
May 7, 2025, 12:31 PM
Quarterly earnings call transcripts for Angi.
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