Angi Inc. (ANGI) Form 8-K — Nov 3, 2026
Angi Inc. reported Q3 2026 revenue of $242.0 million, down 9% year-over-year, with net earnings of $1.3 million, down 87% from $10.6 million in Q3 2025. Adjusted EBITDA rose 6% to $42.2 million as cost cuts offset the top-line decline. Alongside earnings, Angi announced a workforce reduction of approximately 300 roles in middle management and support functions, expected to generate $50-60 million in annual run-rate savings against $18-30 million of restructuring charges, mostly in Q4 2026 and H1 2027.
Key figures
- Eps
- 0.03
- Revenue
- 242000000
- Net Income
- 1338000
- Total Debt
- 398650000
- Revenue Yoy
- -9%
- Total Assets
- 1321963000
- Cash Position
- 202500000
- Senior notes
- $398.7 million net 3.875% Senior Notes due August 15, 2028
- Ytd net loss
- $(238.3) million
- Monthly churn
- 6.7% vs 5.9% year-ago
- Active pros change
- -14% YoY (101K)
- Revolver availability
- $175.0 million
- Free cash flow q3 2026
- $14.4 million
- Adjusted ebitda q3 2026
- $42.2 million (+6% YoY)
- Revenue per lead growth
- +10% YoY
- Ytd goodwill impairment
- $235.2 million (Q2 2026)
- Operating income q3 2026
- $15.5 million (down 29% YoY)
- Workforce reduction roles
- 300
- Expected restructuring charges
- $18.0-30.0 million
- Expected annual run rate savings
- $50.0-60.0 million
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