Angi Inc. Reports Q3 2026 Results Amid Strategic Shift Toward Large Professionals
Angi Inc. (ANGI) reported third-quarter 2026 revenue of $242 million, a 9% year-over-year decrease driven by lower lead volumes and the intentional wind-down of legacy advertising products. Despite the top-line decline, the company achieved an adjusted EBITDA of $42.2 million, a 6% increase, as cost-cutting measures and reduced fixed expenses helped offset falling revenue. The company is undergoing a significant strategic pivot, shifting resources away from small business professionals toward larger enterprise service providers. This transition included a workforce reduction of approximately 300 roles to simplify organizational layers, which is expected to generate $40 million to $50 million in annualized operating expense savings. While net earnings fell to $1.3 million compared to $10.6 million last year, free cash flow saw a notable increase to $14.4 million.
Tickers: $ANGI
Topics: EBITDA growth operational efficiency restructuring revenue decline workforce reduction
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