Quarterly ResultMay 5, 2026, 04:23 PM
Angi Reports Q1 Net Loss of $9.0M on Revenue Decline; Restructuring
AI Summary
Angi Inc. reported a net loss of $9.0 million for Q1 2026, a significant decline from net earnings of $15.1 million in Q1 2025. Revenue decreased to $238.2 million from $245.9 million year-over-year. The company incurred $14.9 million in restructuring charges related to a global workforce reduction of approximately 350 employees. Additionally, Angi repurchased $26.6 million of its Senior Notes, resulting in a $2.7 million gain on extinguishment of debt.
Key Highlights
- Angi reported a net loss of $(8.98) million in Q1 2026, down from $15.11 million net earnings in Q1 2025.
- Revenue decreased to $238.15 million in Q1 2026 from $245.91 million in Q1 2025.
- Basic (loss) earnings per share was $(0.22) in Q1 2026, compared to $0.30 in Q1 2025.
- Incurred $14.92 million in restructuring charges in Q1 2026 for workforce reduction.
- U.S. segment revenue was $202.50 million in Q1 2026, a decrease from $212.56 million.
- International segment revenue increased to $35.65 million in Q1 2026 from $33.36 million.
- Repurchased $26.6 million of Senior Notes in Q1 2026, generating a $2.7 million gain.
- Expects a $5.7 million gain in Q2 2026 from an additional $73.4 million debt repurchase.
Price Impact
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