• ANGI posted Q1 2026 net revenue of $238 million, down 3% year over year; adjusted EBITDA rose to $23 million versus a $16 million expectation.
• Management ended quarterly guidance, citing a shift away from near-term revenue targets while it feature-freezes the legacy platform and redeploys product and engineering resources to an AI-first rebuild.
• Strategy centers on building an “Angi Pro Chief Revenue Officer” to automate pros’ revenue cycle, with the first pro agent—an AI front desk for call handling and appointment booking—set to begin testing in coming weeks.
• Operational indicators highlighted included large pro and national partnership revenue up 25% in Q1 2026, homeowner repeat rate up more than 20%, and proprietary leads logging a fourth straight quarter of double-digit growth.

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.