Angi Inc. ( (ANGI) ) has released its Q1 earnings. Here is a breakdown of the information Angi Inc. presented to its investors.
Angi Inc., a prominent player in the home services industry, connects homeowners with skilled professionals for various home projects. The company recently reported its first-quarter earnings for 2025, marking its debut as an independent entity following a spin-off from IAC Inc. The financial results revealed a 19% decline in revenue compared to the previous year, attributed to strategic shifts such as marketing optimization and sales force consolidation. Despite the revenue drop, Angi achieved a significant increase in operating income, which rose to $20 million from $2.7 million in the same quarter last year.
Key highlights from the earnings report include the implementation of the homeowner choice model, which allows consumers to select their preferred professionals, and the consolidation of the sales force into a unified team. Additionally, Angi introduced new metrics to better reflect its core business activities and enhance transparency. The company also repurchased 2.3 million shares and announced a new 5 million share repurchase authorization.
The report outlined a decrease in service requests and leads, with a notable decline in network channels. However, proprietary channels showed resilience with minimal decline. Angi’s strategic focus on improving customer experience and optimizing costs contributed to a positive net earnings outcome of $15.1 million, a significant turnaround from a loss in the previous year.
Looking ahead, Angi’s management remains optimistic about returning to profitable revenue growth by 2026. The company plans to continue enhancing its service offerings and expanding its market presence while maintaining cost discipline. With a focus on innovation and efficiency, Angi aims to drive improved performance in the coming quarters.