Angi Inc. reported a total revenue of $1.03 billion for the fiscal year ending December 31, 2025, a decline of 13% from $1.19 billion in 2024. The decrease was primarily driven by a 14% drop in U.S. revenue, which fell to $904 million from $1.06 billion, largely due to a significant 72% decrease in Network revenue following the implementation of homeowner choice in January 2025. In contrast, Proprietary revenue increased by 17% to $800.6 million, reflecting effective paid marketing strategies. The company's international revenue also saw a slight decline of 2%, totaling $126.5 million.

In terms of profitability, Angi's operating income surged to $65.4 million, a 199% increase from $21.9 million in the previous year. This improvement was attributed to reduced operating costs, including a 16% decrease in selling and marketing expenses, which fell to $507.5 million, and an 18% reduction in general and administrative expenses, totaling $262.9 million. The company also recorded a restructuring charge of $12.8 million due to workforce reductions aimed at optimizing operations.

Angi's operational metrics showed a decrease in average monthly active professionals (Pros), which fell to approximately 122,000, down 19% from the previous year. The total number of service requests decreased by 10% to 15.5 million, while leads generated dropped by 17% to 20.2 million. Despite these declines, the company reported a gross profit margin of 95%, consistent with the previous year, indicating effective cost management in relation to revenue.

Strategically, Angi underwent significant changes, including a reorganization of its segment reporting structure, which now consists of U.S. and International segments. The company also completed the sale of its roofing subsidiary, Total Home Roofing, in November 2023, which is reflected as a discontinued operation. Looking ahead, Angi anticipates continued investments in marketing and technology to enhance its service offerings and improve customer engagement, while also navigating the challenges posed by a competitive market and evolving consumer preferences.

About Angi Inc.

Angi Inc. operates a digital marketplace connecting consumers with pre-screened home service professionals across 500+ categories, including repair, remodeling, cleaning, and landscaping. Its business segments include Ads and Leads, Services, and International operations under brands like Angi, HomeAdvisor, and Handy. The company generates revenue by selling consumer leads, advertising, memberships, and facilitating service transactions, leveraging proprietary algorithms to match consumers with trusted professionals nationwide and internationally.

This description was generated via AI from an annual report. Updated 8 months ago.

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