Quarterly ResultAug 4, 2026, 04:16 PM
Angi Reports $230.7M Net Loss in Q2 2026 on Goodwill Impairment
AI Summary
Angi Inc. reported a net loss of $230.7 million for the second quarter of 2026, a significant decline from net earnings of $10.9 million in the prior year, primarily due to a $225.6 million goodwill impairment charge and a $9.6 million impairment of intangibles. Revenue for the quarter decreased to $248.0 million from $278.2 million year-over-year. The company also incurred restructuring charges related to a workforce reduction initiated in January 2026 and repurchased $91.2 million in long-term debt.
Key Highlights
- Q2 2026 Net Loss: $(230.7) million, down from $10.9 million profit YoY.
- Goodwill impairment charge: $225.6 million in Q2 2026.
- Intangible assets impairment: $9.6 million in Q2 2026.
- Q2 2026 Revenue: $248.0 million, down from $278.2 million YoY.
- Six months 2026 Net Loss: $(239.6) million, compared to $26.0 million profit YoY.
- Long-term debt repurchases: $91.2 million in six months 2026.
- Cash and cash equivalents: $188.7 million at June 30, 2026.
- Restructuring charges: $15.7 million for six months 2026.
Price Impact
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