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Angi FY26 Q1 turns to net loss of $9 million; revenue falls 3% to $238.2 million

PUBT · 1d ago

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Angi FY26 Q1 turns to net loss of $9 million; revenue falls 3% to $238.2 million

Angi Q1 2026 revenue fell 3% to USD 238.2 million.
Net results swung to a loss of USD 9 million, or USD 0.22 per share.
Operating results turned to a loss of USD 9.5 million on a USD 14.9 million restructuring charge tied to a global workforce reduction.
U.S. Service Requests rose 5%, with Proprietary up 17% while Network dropped 55%; Proprietary revenue climbed 7% to USD 185.36 million as Network revenue slid 56% to USD 17.14 million.
Angi repurchased USD 100 million of its 2028 Senior Notes for USD 91.9 million in cash, booked an USD 8.4 million gain, reorganized product and development around an AI-native platform, and promoted Michael Wanderer to chief operating officer effective May 4, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ANGI Inc. published the original content used to generate this news brief on May 05, 2026, and is solely responsible for the information contained therein.

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