Angi Inc. — Q3 2026 Earnings Summary

Angi Inc. reported third-quarter 2026 revenue of $242.0 million, a 9% decrease from the prior year period, driven by lower lead volumes that were partially offset by a 10% increase in revenue per lead. The company posted an operating income of $15.5 million and adjusted EBITDA of $42.2 million, while net earnings declined significantly to $1.3 million due to a substantial income tax provision. In response to operational challenges, Angi announced a reduction of approximately 300 global roles in November 2026, expecting to generate $50.0 million to $60.0 million in annual run-rate savings. The company maintains $202.5 million in cash and cash equivalents as of September 30, 2026, alongside $398.7 million in senior notes and a $175.0 million revolving credit facility.