Angi Inc. (ANGI) Plunges 10.72% as Q3 Revenue Dives 10% YoY on Domestic Demand Weakness

The share price fell to its lowest level since May 2025 today, with an intraday decline of 10.72%.

Angi Inc. (ANGI) reported a 10% year-over-year revenue drop to $265.6 million in Q3 2025, missing estimates and highlighting domestic demand weakness. Domestic revenue plunged 12% to $233.2 million, while international revenue grew 1.9% to $32.4 million. Despite aggressive cost-cutting—driven by reduced depreciation and fixed expenses—GAAP earnings per share of $0.23 fell short of expectations. Operating income surged 179% to $21.8 million, but free cash flow margins shrank to 1.8%, raising concerns about reinvestment capacity.

Analysts remain divided, with six recommending a “Hold” and three a “Buy.” The stock trades at 9 times forward earnings, a discount from its 15x ratio earlier this year, and faces a $22 median 12-month price target. However, the lack of forward guidance and a 21.4% year-to-date decline underscore investor caution. Monetized transactions of 5.44 million, slightly below estimates, and mixed performance across proprietary and network channels further cloud the outlook.

Angi’s strategic challenge lies in balancing cost discipline with revenue growth. While improved operating margins (8.2% in Q3 2025 vs. 2.6% in Q3 2024) reflect efficiency gains, free cash flow constraints and a 17.2% three-year revenue decline highlight structural risks. The company must now navigate reinvestment in digital marketing and international expansion without eroding profitability. For now, a “Hold” rating reflects uncertainty over its ability to stabilize earnings and deliver long-term value.