Angi Inc. reported fourth‑quarter 2025 revenue of $240.77 million, falling 2.7% below the consensus estimate of $247.44 million. Earnings per share were $0.17, a miss of $0.09 against the $0.26 consensus estimate, marking a 27% decline from the $0.23 EPS reported in the third quarter.
The quarter’s revenue decline is part of a broader trend: Q4 2024 revenue was $267.9 million and the company posted a loss of $0.03 per share. In Q3 2025 revenue was $265.6 million with an EPS of $0.23, so the current quarter represents a 9% year‑over‑year revenue drop and a 27% sequential EPS decline.
Segment analysis shows a 79% plunge in Network revenue, largely attributed to the rollout of the “homeowner choice” program, while Proprietary revenue grew 23%, partially offsetting the Network decline. The mix shift toward higher‑margin proprietary services helped support profitability.
Operating income nearly tripled to $5.9 million and Adjusted EBITDA rose 25% to $39.7 million, lifting the operating margin to 2.5% from 0.8% a year earlier. The margin expansion reflects disciplined cost management and a favorable shift in the revenue mix toward more profitable segments.
Management reiterated a mid‑single‑digit revenue growth target for fiscal 2026, noting that persistent headwinds in Google SEO and the network channel will continue to depress revenue from those sources. CFO Andrew Russakoff highlighted consumer confidence surveys and the homeowner‑choice rollout as key factors, while the company emphasized AI‑driven product features and restructuring initiatives to drive future growth.
Investors reacted negatively to the earnings miss, underscoring concerns about the company’s transition strategy and ongoing headwinds. Management stressed continued cost discipline and strategic investments as the company navigates the shift toward proprietary services.
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