Angi Reports Earnings After Q3 Revenue Fell 10.9% to $248 Million

Angi will report earnings after Tuesday's bell, having missed analysts' revenue expectations last quarter with $248 million, down 10.9% year on year, TradingView reported. The home services online marketplace beat analysts' EBITDA estimates in a mixed quarter.

Angi's Revenue Miss and Earnings Setup

Angi's $248 million in revenue came in below what analysts had expected, and the company posted a solid beat on EBITDA estimates. The market expects Angi's revenue to decline 8.6% year on year this quarter, an improvement from the 10.5% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days. Angi has missed Wall Street's revenue estimates multiple times over the last two years.

Among consumer internet peers that have already reported Q3 results, Fiverr's revenues decreased 15.8% year on year, beating analysts' expectations by 8.4%, and DoorDash reported revenues up 34%, topping estimates by 1.1%. Fiverr traded up 4.2% following the results while DoorDash was also up 5.6%. Angi is down 1.1% over the last month, during which consumer internet share prices rose 2.1% on average.

Angi's AI Pivot and Leadership Turnover

According to akta.pro company records, Angi announced a strategic pivot to an AI-native business model in May 2026, accelerating development of a new technology platform to replace legacy systems and withdrawing revenue guidance with the transition expected to take approximately one year. COO Bailey Carson resigned effective May 1, 2026, and CFO Julie Hoarau was appointed March 27, 2026. The same records show full year 2025 revenue of $1.03 billion, down from prior years, and Q1 2026 revenue of $238.2 million, down 3% year-over-year.

Angi's CEO Change and Earnings Date

Angi appointed Michael Steib as CEO, succeeding Jeff Kip, with Joey Levin becoming Chairman, Stock Titan reported in September 2026. Steib, previously CEO of TEGNA and Artsy, will lead an AI-focused, profitability-oriented phase, and Kip will serve as advisor for six months. Angi Inc. said it will report Q3 2026 results after market close on Nov. 3, 2026, with a conference call on Nov. 4, and will move Investor Day to the first half of 2027, GlobeNewswire reported. Steib aims to improve EBITDA and cash flow in the near term.

Angi's November 3 Earnings Call

Angi will report Q3 2026 results after market close on November 3, 2026, with a conference call on November 4, 2026. The company will introduce new CEO Mike Steib on the call and move Investor Day to the first half of 2027.