Angi (ANGI) delivered a weak Q2, missing on both revenue and earnings, with KPIs showing accelerating Pro user churn and ongoing share losses. I retain a Strong Sell rating due to an unconvincing AI pivot, lack of viable platform direction, and no clear catalysts for revenue stabilization. Q2 revenue declined 11% y/y to $248M, adjusted EBITDA fell 14%, and average monthly active Pros dropped 17% y/y, highlighting structural challenges.
Angi Inc. (ANGI) Q2 2026 Earnings Call Transcript
Angi NASDAQ: ANGI reported that second-quarter revenue declined 11% year over year, as the company continued to move away from network channels, reduced spending on lower-quality marketing channels, and experienced a shift in homeowner demand following higher oil and gas prices.
Angi (ANGI) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.23 per share a year ago.
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Angi is downgraded to a sell as its risky AI software pivot is unlikely to reverse declining fundamentals. ANGI's core lead generation business is deteriorating, with active pros down 22% y/y and pro churn rising to 5.0%. The company is deprioritizing its legacy product, pausing maintenance and eliminating forward guidance, signaling further operational risk.
Angi Inc. (ANGI) Q1 2026 Earnings Call Transcript
Angi (ANGI) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.41. This compares to earnings of $0.3 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Shares of Angi fell 23% after growth expectations for FY26 were lowered. Management plans to significantly increase marketing spend to drive growth through its proprietary channel. The recent restructuring was aimed at improving efficiency and reducing expenses by $70 million to $80 million on an annualized basis.
Angi Inc. (ANGI) Q4 2025 Earnings Call Transcript