Quarterly ResultAug 4, 2026, 04:15 PM
Angi Q2 Revenue $248M, Net Loss $(230.7)M; New Director Appointed
AI Summary
Angi Inc. reported its Q2 2026 financial results, with revenue decreasing 11% year-over-year to $248.0 million and a net loss of $(230.7) million, primarily due to a $235.2 million non-cash impairment charge. Adjusted EBITDA declined 14% to $28.2 million. The company also announced the resignation of director Jeremy Philips and the appointment of Michael Steib to the Board, effective August 4, 2026. Additionally, Thomas C. Pickett Jr. was appointed to the Audit Committee, and the CEO's performance stock unit award was amended.
Key Highlights
- Q2 2026 Revenue decreased 11% YoY to $248.0 million.
- Reported Q2 2026 Net Loss of $(230.7) million, down from $10.9 million earnings.
- Diluted EPS for Q2 2026 was $(5.70), compared to $0.23 in Q2 2025.
- Adjusted EBITDA for Q2 2026 decreased 14% YoY to $28.2 million.
- Incurred a $235.2 million non-cash impairment of goodwill and intangible assets.
- Large Pro and National Partnership Revenue grew 20% for the second consecutive quarter.
- Jeremy Philips resigned from the Board; Michael Steib was appointed as a new director.
- Thomas C. Pickett Jr. was appointed as a member of the Audit Committee.
Price Impact
More from ANGI