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Angi Inc. — Q3 2026 Earnings Summary

  • Revenue decreased 9% year-over-year to $242.0 million, while Adjusted EBITDA rose 6% to $42.2 million; however, net earnings fell 87% to $1.3 million and diluted EPS dropped to $0.03 from $0.23.
  • The company announced a reduction of approximately 300 global roles expected to generate $50.0 million to $60.0 million in annual run-rate savings, with associated restructuring charges of $18.0 million to $30.0 million anticipated in Q4 2026 and H1 2027.
  • Year-to-date operating loss was $(227.7) million, primarily driven by a $235.2 million non-cash goodwill and intangible asset impairment recorded in Q2 2026, though free cash flow for the nine months ended September 30, 2026, was $(7.0) million.
  • Strategic shifts include a 14% decline in Average Monthly Active Pros alongside a 20%+ growth in revenue from Large Pros, with management focusing on simplifying operations and leveraging AI to improve near-term profitability.
Company
ANGI INC
Sector
Communication Services
Industry
Internet Content & Information