Angi Inc. reported a decline in financial performance for the third quarter of 2025, with total revenue reaching $265.6 million, a decrease of 10% from $296.7 million in the same period of 2024. For the nine months ending September 30, 2025, revenue was $789.8 million, down 14% from $917.2 million year-over-year. The company’s net earnings also fell significantly, totaling $10.6 million for the quarter, compared to $35.4 million in the prior year, while net earnings for the nine-month period were $36.6 million, down from $38.1 million.
The decrease in revenue was primarily attributed to a drop in domestic revenue, which fell by 12% to $233.2 million, driven by declines in advertising, services, and membership subscription revenues. The company noted that these declines were part of ongoing efforts to enhance profitability and customer experience, including sales force consolidation and marketing optimization. International revenue, however, saw a slight increase of 2% to $32.4 million, attributed to a management decision to transition the Canadian business model to align with European operations.
Operationally, Angi reported approximately 118,000 average monthly active professionals (Pros) during the quarter, a decrease from 152,000 in the previous year. The company also experienced a decline in service requests, which fell by 8% to 4.1 million. Despite these challenges, the company managed to reduce its operating costs, with total operating expenses decreasing by 16% to $231.4 million for the quarter, leading to an operating income of $21.8 million, a significant increase from $7.8 million in the prior year.
In terms of strategic developments, Angi has undergone a significant organizational change following its spin-off from IAC Inc. in March 2025, which has allowed it to focus on its core business segments more effectively. The company has also implemented a reverse stock split to enhance its stock price and attract more institutional investors. Looking ahead, Angi anticipates continued challenges in the market but remains focused on improving operational efficiency and profitability, with plans to invest in technology and marketing to drive growth in its domestic and international segments.
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.
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