Key Highlights

  • Revenue was USD 242.0 million versus 265.6 million, and Gross Profit was USD 231.4 million versus 253.2 million.
  • Operating income was USD 15.5 million versus 21.8 million, and Segment Adjusted EBITDA was USD 42.2 million versus 39.7 million.
  • Net Earnings were USD 1.3 million versus 10.6 million, and diluted EPS was USD 0.03 versus USD 0.23.
  • Angi announced a workforce reduction on November 3, 2026, with expected restructuring charges of USD 18.0 million to 30.0 million.

Revenue, Gross Profit and Operating Income

Angi Inc. (NASDAQ:ANGI), which connects home professionals, called Pros, with consumers across more than 500 categories, filed its Quarterly Report for the period ended September 30, 2026. Revenue for the third quarter was USD 242.0 million, compared with USD 265.6 million in the third quarter of 2025. Gross profit was USD 231.4 million versus USD 253.2 million.

Selling and Marketing expense was USD 127.0 million versus USD 129.3 million, and general and administrative expense was USD 62.0 million versus USD 69.4 million. Product development expense was USD 9.3 million versus USD 20.7 million.

Operating income was USD 15.5 million versus USD 21.8 million.

Analyst estimates were EPS of USD 0.11 against reported EPS of USD 0.03, and revenue of USD 242.3 million against reported revenue of USD 242.0 million.

Earnings and Segment Adjusted EBITDA

Earnings before income taxes were USD 13.1 million versus USD 20.8 million, and the income tax provision was USD 11.7 million versus USD 10.2 million. Net earnings attributable to Angi Inc. shareholders were USD 1.3 million versus USD 10.6 million. Basic and diluted EPS were USD 0.03.

Total Segment Adjusted EBITDA was USD 42.2 million versus USD 39.7 million.

For the nine months, revenue was USD 728.2 million versus USD 789.8 million. A Goodwill Impairment of USD 225.6 million and an intangibles impairment of USD 9.6 million were recorded, and the operating loss was USD 227.7 million versus Operating Income of USD 59.5 million. The net loss attributable to Angi Inc. shareholders was USD 238.3 million versus net earnings of USD 36.6 million, and diluted EPS was negative USD 5.90 versus USD 0.77.

Reduction in Force, Cash and Debt

On November 3, 2026, the company announced a reduction of its global workforce. It expects total restructuring charges of USD 18.0 million to USD 30.0 million, recognized mainly in the fourth quarter of 2026 and the first half of 2027, and annual run-rate savings of USD 50.0 million to USD 60.0 million across operating expenses and capital expenditures, some of which may be re-invested.

Cash and cash equivalents were USD 202.5 million at September 30, 2026, compared with USD 303.7 million at December 31, 2025. Net cash provided by Operating Activities for the nine months was USD 37.9 million versus USD 75.0 million.

During the nine months, the company repurchased USD 100.0 million aggregate principal amount of its 3.875% senior notes due August 15, 2028 for total cash consideration of USD 91.9 million, including USD 0.7 million of accrued interest, with a net gain on extinguishment of Debt of USD 8.4 million. USD 400 million of the notes remained outstanding. There were no outstanding borrowings under the USD 175.0 million Revolving Facility.

Items to Follow

Investors can follow the restructuring charges of USD 18.0 million to USD 30.0 million and run-rate savings of USD 50.0 million to USD 60.0 million described in the filing, along with revenue, which was USD 242.0 million in the quarter.

The filing also notes that the Revolving Facility has a stated Maturity of November 6, 2030, which accelerates to May 16, 2028 unless the senior notes are repaid or refinanced before then.