Angi Inc. Reports 12% Revenue Decline in Q2 2025, Achieves Increased Net Income

Angi Inc. reported a decline in financial performance for the second quarter of 2025, with total revenue reaching $278.2 million, a decrease of 12% from $315.1 million in the same period of 2024. For the first half of 2025, revenue totaled $524.1 million, down 16% from $620.5 million year-over-year. The company attributed this decline primarily to reduced advertising and lead revenue, which fell by 18% and 8%, respectively. Despite the revenue drop, Angi achieved a net income of $10.9 million for the quarter, compared to $4.1 million in the prior year, reflecting a significant increase in profitability.

In terms of operational metrics, Angi reported approximately 126,000 average monthly active professionals (Pros) during the quarter, a decrease of 20% from the previous year. The company facilitated around 16 million project connections over the past year. The decline in customer engagement was attributed to ongoing quality and efficiency improvements, including marketing optimization and sales force consolidation. The company also noted a strategic shift in its Canadian operations to align with its European business model, which contributed to a 4% decrease in international revenue.

Angi's cost management efforts were evident, as total operating expenses decreased to $247.4 million from $291.8 million in the prior year, primarily due to reductions in selling and marketing expenses, which fell by 12% to $139.5 million. General and administrative expenses also decreased by 12% to $74.1 million. The company reported an operating income of $17.7 million for the quarter, a substantial increase from $9.2 million in the same period last year, indicating improved operational efficiency.

The company’s balance sheet showed total assets of $1.79 billion as of June 30, 2025, down from $1.83 billion at the end of 2024. Cash and cash equivalents decreased to $362.5 million from $416.4 million. Long-term debt remained stable at approximately $497.2 million. Angi's strategic initiatives included a stock repurchase program, with $76.4 million spent on repurchasing shares during the first half of 2025, reflecting a commitment to returning value to shareholders.

Looking ahead, Angi anticipates continued challenges in revenue generation due to market conditions and competitive pressures. However, the company remains focused on enhancing its operational efficiency and optimizing its marketing strategies to drive future growth. The management expressed confidence in the company's ability to navigate these challenges while maintaining a strong financial position.