Angi slightly misses Q1 revenue estimates on decline in network revenue

Angi

05/05/2026 21:48

Overview

U.S. home services marketplace's Q1 revenue fell 3%, slightly missing analyst expectations

Q1 adjusted EBITDA beat analyst expectations, aided by lower fixed costs and reduced product development expense

Company repurchased $100 mln of senior notes at a discount, reducing outstanding debt

Outlook

Angi did not provide specific guidance for the current qtr or full yr

Result Drivers

NETWORK REVENUE DECLINE - Co said 56% drop in Network Revenue was due to implementation of homeowner choice in Jan 2025

PROPRIETARY GROWTH - 7% increase in Proprietary Revenue driven by strong execution in paid marketing and improved customer experience

RESTRUCTURING CHARGE - $14.9 mln restructuring charge from global workforce reduction weighed on operating income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$238.20 mln
$240.59 mln (8 Analysts)
Q1 EPS
-$0.22
Q1 Adjusted EBITDA
Beat
$22.90 mln
$14.45 mln (8 Analysts)
Q1 Operating Income
-$9.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy."

Wall Street's median 12-month price target for Angi Inc is $14.50, about 99.7% above its May 4 closing price of $7.26

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)