Angi (ANGI) Company Report

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

8-K

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

Transcript

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

8-K

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

Transcript

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

Transcript Presentation

Angi Inc. Spin-Off & Independence Announcement

ANGI

Dividends

M&A

CEO Change

Management Change

Angi Inc. is now an independent, publicly traded company with IAC shareholders receiving approximately 0.5251 Angi Class A common stock per IAC share .
IAC Inc. completed the spin-off via a special dividend distribution of all its Angi capital stock on March 31, 2025 .
Prior to the distribution, IAC converted 41,701,064 Angi Class B shares into Class A shares on a one-for-one basis .
Joey Levin transitions from IAC CEO to Angi’s Executive Chairman, supporting CEO Jeff Kip to drive strategic execution and target revenue growth .
The spin-off eliminated Angi’s dual-class voting structure, streamlining its capital structure for future opportunities .
Both companies reaffirmed full-year guidance for 2025 .

Apr 1, 2025, 12:00 AM

Press Release 8-K 8-K

Angi Inc. Completes 1-for-10 Reverse Stock Split

ANGI

Angi Inc. reported a 1-for-10 reverse stock split effective March 24, 2025, consolidating every 10 shares into one share without issuing fractional shares.
Following the reverse split, the Class A common stock began trading on Nasdaq on a split-adjusted basis under the ticker ANGI, with the new CUSIP number 00183L201.

Mar 24, 2025, 12:00 AM

8-K

Angi Inc. Files 8-K Report on Equity Settlement Transaction

ANGI

Angi Inc. filed an 8-K report on March 7, 2025 detailing an equity-related event.
The report announced the unregistered sale of 1,203,508 shares of Class A common stock at $1.66 per share issued to controlling stockholder IAC Inc. as reimbursement related to employee equity awards.
The filing was formally signed on March 12, 2025 by Chief Legal Officer Shannon M. Shaw.

Mar 13, 2025, 12:00 AM

8-K

Angi Inc. Approves Reverse Stock Split and Spin-Off

ANGI

Dividends

M&A

The Board of Directors approved a 1-for-10 reverse stock split of both Angi Class A and Class B common stock, effective March 24, 2025.
IAC, the controlling stockholder, approved a planned spin-off and special dividend, anticipating the distribution of approximately 0.5178 Angi shares per share of IAC stock, with final distribution on March 31, 2025.

Mar 10, 2025, 12:00 AM

8-K

Filings & Transcripts

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Recent SEC filings and earnings call transcripts for ANGI.

No recent filings or transcripts found for ANGI.