Angi 3Q 2026: Revenue $242M, Net income $1.3M, EPS $0.03— 10-Q Summary

What happened

Angi reported third-quarter 2026 revenue of $242 million, down 8.9% from a year earlier. Net income fell to $1.3 million from $10.6 million, and diluted earnings per share declined to $0.03 from $0.23. U.S. Network revenue fell 25%, and U.S. Leads declined 18%.

Confirmed

Global impact / market context

Lower revenue and sharply reduced income show pressure on Angi’s business, while fewer U.S. Leads and active Pros may constrain the connections that generate sales. Workforce cuts reduce product development costs, and the planned savings could support profit if revenue stabilizes, though that outcome is not assured.

Analyst inference

The article points to differing trends across Angi’s channels: proprietary channel revenue fell 8% with service requests flat, while U.S. Network revenue fell 25%. This matters because shifting homeowner traffic is linked to weaker network revenue, potentially changing which channels support future sales.

Analyst inference

What to watch

1. Track whether Angi’s next results show U.S. Network revenue continuing to fall after the reported 25% quarterly decline tied to homeowner-choice changes. Analyst inference
2. Check whether the further workforce reduction announced in November delivers the expected $50 million to $60 million in annual run-rate savings, meaning a yearly pace. Proposed
3. Watch U.S. Leads and active Pros for signs of stabilization; the article reports leads down 18% and active Pros down 14% to 101,000. Analyst inference

Evidence

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