Angi: Q1 2026 Metrics Supplement (NASDAQ:ANGI)

Angi Inc.

Q1 2026 Earnings

Supplemental Financial Information and Operating Metrics

Financial Results and Reconciliations

Operating Metrics

Angi Inc.

Financial Results and Reconciliations (Unaudited)

($ in millions except per share amounts; rounding differences may occur)

2025
Q1	Q2	Q3	Q4	FYE 12/31

2026
Q1	Q2	Q3	Q4	FYE 12/31

2023

2024

FYE 12/31

$ 1,242.9

115.8

$ 1,358.7

$ (34.8)

8.3

$ (26.5)

$ (42.0)

(1.4)

$ (43.4)

$ (90.2)

(3.4)

$ (93.6)

$ (8.0)

-

$ (8.0)

$ -

-

$ -

$ 105.4

13.1

$ 118.5

$ (40.9)

0.6

10.3

1.8

(18.4)

20.1

(26.5)

43.4

93.6

8.0

-

$ 118.5

50.6

$ (0.61)

(0.20)

$ (0.81)

Q1

$ 270.0

35.4

$ 305.4

$ (2.8)

5.5

$ 2.7

$ (9.0)

(0.4)

$ (9.4)

$ (23.1)

(0.8)

$ (23.8)

$ -

-

$ -

-

$ -

$ 29.3

6.7

$ 36.0

$ (1.6)

0.3

-

3.5

(4.5)

5.0

2.7

9.4

23.8

-

$ 36.0

50.3

$ (0.03)

-

$ (0.03)

Q2

$ 281.9

33.2

$ 315.1

$ 5.1

4.1

$ 9.2

$ (8.4)

(0.3)

$ (8.7)

$ (23.6)

(0.8)

$ (24.3)

$ -

-

$ -

-

$ -

$ 37.0

5.1

$ 42.2

$ 3.8

0.3

-

4.6

(4.6)

5.0

9.2

8.7

24.3

-

$ 42.2

50.7

$ 0.07

-

$ 0.07

Q3

$ 264.9

31.8

$ 296.7

$ 5.1

2.7

$ 7.8

$ (9.9)

(0.1)

$ (10.0)

$ (16.8)

(0.8)

$ (17.6)

$ -

-

$ -

-

$ -

$ 31.7

3.7

$ 35.4

$ 35.2

0.2

-(26.6)

(6.0)

5.0

7.8

10.0

17.6

-

$ 35.4

50.5

$ 0.70

-

$ 0.70

Q4

$ 239.2

28.6

$ 267.9

$ 2.7

(0.6

$ 2.2

$ (6.4

(0.3

$ (6.7

$ (19.6

(0.8

$ (20.3

$ (2.6

-

$ (2.6

$ -

-

$ -

$ 31.3

0.5

$ 31.8

$ (1.3

-

1.7

(3.3

5.0

2.2

6.7

20.3

2.6

-

$ 31.8

49.7

$ (0.03

-

$ (0.03

FYE 12/31

$ 1,056.1

129.0

$ 1,185.1

$ 10.1

) 11.7

$ 21.9

) $ (33.7)

) (1.1)

) $ (34.8)

) $ (83.0)

) (3.1)

) $ (86.1)

) $ (2.6)

-

) $ (2.6)

$ -

-

$ -

$ 129.4

16.0

$ 145.3

) $ 36.0

0.8

-(16.8)

) (18.4)

20.2

21.9

34.8

86.1

2.6

-

$ 145.3

50.7

) $ 0.71

-

) $ 0.71

$ 212.6	$ 245.5	$ 233.2	$ 212.7	$ 904.1
33.4	32.7	32.4	28.0	126.5
$ 245.9	$ 278.2	$ 265.6	$ 240.8	$ 1,030.5

$ 202.5
35.7
$ 238.2

$ 14.0	$ 12.7	$ 13.8	$ 1.5	$ 41.9
6.0	5.0	8.0	4.5	23.5
$ 20.0	$ 17.7	$ 21.8	$ 5.9	$ 65.4

$ (11.2)
1.8
$ (9.5)

$ 2.3	$ (4.6)	$ (5.4)	$ (5.3)	$ (13.1)
(0.0)	(0.4)	(0.6)	(0.7)	(1.7)
$ 2.3	$ (5.1)	$ (6.0)	$ (6.0)	$ (14.8)

$ (2.2)
(0.5)
$ (2.8)

$ (9.9)	$ (10.2)	$ (11.9)	$ (13.0)	$ (45.0)
(0.0)	(0.1)	(0.0)	(0.1)	(0.3)
$ (9.9)	$ (10.3)	$ (11.9)	$ (13.2)	$ (45.3)

$ (14.3)
(0.4)
$ (14.7)

Operating income (loss)

U.S.

International

Total operating (loss) income

Stock-based compensation expense

U.S.

International

Total stock-based compensation expense

Depreciation

U.S.

International

Total depreciation

Amortization of intangibles

U.S.

International

Total amortization of intangibles

Restructuring

U.S.

International

Total restructuring

Adjusted EBITDA (a)

U.S.

International

Total Adjusted EBITDA

$ -	$ -	$ -	$ (1.8)	$ (1.8)
-	-	-	-	-
$ -	$ -	$ -	$ (1.8)	$ (1.8)

$ -
-
$ -

$ -	$ -	$ -	$ (11.0)	$ (11.0)
-	-	-	(1.8)	(1.8)
$ -	$ -	$ -	$ (12.8)	$ (12.8)

$ (9.8)
(5.1)
$ (14.9)

$ 21.6	$ 27.6	$ 31.1	$ 32.6	$ 112.8
6.1	5.4	8.6	7.1	27.3
$ 27.7	$ 33.0	$ 39.7	$ 39.7	$ 140.1

$ 15.1
7.8
$ 22.9

Net (loss) earnings attributable to Angi Inc. shareholders

Add back:

Net earnings attributable to noncontrolling interests

Loss (earnings) from discontinued operations, net of tax (b)

Income tax (benefit) provision

Other income, net

Interest expense

Operating (loss) income

Add back:

Stock-based compensation expense

Depreciation

Amortization of intangibles

Restructuring

Adjusted EBITDA

-	-	-	-	-
-	-	-	-	-
4.7	6.5	10.2	(2.7)	18.7
(4.8)	(4.8)	(4.1)	(3.9)	(17.6)
5.0	5.1	5.1	5.3	20.5
20.0	17.7	21.8	5.9	65.4

-
-
(0.7)
(5.1)
5.3
(9.5)

(2.3)	5.1	6.0	6.0	14.8
9.9	10.3	11.9	13.2	45.3
-	-	-	1.8	1.8
-	-	-	12.8	12.8
$ 27.7	$ 33.0	$ 39.7	$ 39.7	$ 140.1

2.8
14.7
-
14.9
$ 22.9

$ 0.30	$ 0.23	$ 0.23	$ 0.17	$ 0.94
-	-	-	-	-
$ 0.30	$ 0.23	$ 0.23	$ 0.17	$ 0.94

$ (0.22)
-
$ (0.22)

Diluted (loss) earnings per share from continuing operations (c)(d)

Diluted (loss) earnings per share from discontinued operations (b)(c)(d)

Diluted (loss) earnings per share attributable to Angi Inc. shareholders (c)(d)

(a)

Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA") is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (4)

restructuring, if applicable. We believe this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.

(b)	On November 1, 2023, Angi Inc. completed the sale of Total Home Roofing, LLC ("THR") to a non-public third party. THR, which comprises the entirety of the Roofing segment, is presented as discontinued operations for all periods prior to November 1, 2023.

(c)	Quarterly per share amounts may not add up to the related annual per share amount due to differences in the number of average common shares outstanding during each period.

(d)	Potentially dilutive securities are excluded from the computation of Q1 2026 diluted (loss) earnings per share as their effect would be anti-dilutive. As a result, diluted shares outstanding reflect basic shares for the quarter.

Angi Inc.

Operating Metrics

(rounding differences may occur)

2023		2024
FYE 12/31		Q1	Q2	Q3	Q4	FYE 12/31

2025
Q1	Q2	Q3	Q4	FYE 12/31

2026
Q1	Q2	Q3	Q4	FYE 12/31

Revenue ($ in millions)

U.S. (a)

International (b)

Total Angi Inc. Revenue

$ 1,242.9

115.8

$ 1,358.7

$ 270.0 $ 281.9 $ 264.9

35.4 33.2 31.8

$ 305.4 $ 315.1 $ 296.7

$ 1,056.1

129.0

$ 1,185.1

$ 212.6	$ 245.5	$ 233.2	$ 212.7	$ 904.1
33.4	32.7	32.4	$ 28.0	$ 126.5
$ 245.9	$ 278.2	$ 265.6	$ 240.8	$ 1,030.5

$ 202.5
35.7
$ 238.2

Reported Revenue

Impact of net revenue reporting (c)

Pro Forma Services Net Revenue

$ 118.0

(3.1)

$ 114.9

$ 20.5	$ 24.6	$ 23.7	$ 24.8	$ 93.5
-	-	-	-	-
$ 20.5	$ 24.6	$ 23.7	$ 24.8	$ 93.5

Reported Revenue

Impact of Services net revenue reporting (c)

Pro Forma Angi Inc. Net Revenue

$ 1,358.7

(3.1)

$ 1,355.6

$ 305.4	$ 315.1	$ 296.7	$ 267.9	$ 1,185.1
-	-	-	-	-
$ 305.4	$ 315.1	$ 296.7	$ 267.9	$ 1,185.1

U.S. Service Requests (in thousands) (f)

Proprietary (in thousands)

Network (in thousands)

Total

18,647

4,608

23,255

3,248	3,848	3,415	2,806	13,317
878	1,091	1,075	823	3,867
4,126	4,939	4,490	3,629	17,184

2,773	4,118	3,791	3,224	13,906
588	444	353	252	1,637
3,361	4,562	4,144	3,476	15,543

3,254
267
3,521

U.S. Leads (in thousands) (g)

Proprietary (in thousands)

Network (in thousands)

Total

19,559

7,552

27,111

3,644	4,309	4,269	3,508	15,731
1,867	2,439	2,597	1,746	8,650
5,511	6,749	6,867	5,255	24,381

3,590	4,980	4,946	4,399	17,915
812	597	495	376	2,280
4,402	5,577	5,441	4,775	20,195

4,048
374
4,423

U.S. Revenue ($ in millions)

Proprietary (h)

Network (i)

Total

$ 896.5

346.5

$ 1,242.9

$ 178.5	$ 180.0	$ 164.7	$ 159.7	$ 683.0
91.5	101.9	100.2	79.5	373.1
$ 270.0	$ 281.9	$ 264.9	$ 239.2	$ 1,056.1

$ 173.4	$ 219.2	$ 212.0	$ 196.0	$ 800.6
39.2	26.3	21.2	16.7	103.5
$ 212.6	$ 245.5	$ 233.2	$ 212.7	$ 904.1

$ 185.4
17.1
$ 202.5

U.S. Pro Metrics:

Acquired Pros (in thousands)(j)

Average Monthly Active Pros (in thousands) (k)

Average Monthly Churn (l)

212

166

-7.2%

40

157

-6.0%

39

157

-5.7%

34

152

-6.5%

27

143

-6.5%

141

152

-6.2%

24

134

-4.5%

24

126

-6.8%

22

118

-6.0%

20

111

-6.0%

90

122

-5.8%

23

105

-5.0%

(a)	Primarily comprises U.S. revenue from lead revenue for consumer matches, revenue from Pros under contract for advertising and membership subscription revenue from Pros and consumers, and revenue from pre-priced offerings by which the consumer requests services through a Company platform and the Company connects them with a Pro to perform the service.
(b)	Primarily comprises revenue generated within the International segment (consisting of businesses in Europe and Canada), including consumer connection revenue for consumer matches and membership subscription revenue from pros.
(c)	From January 1, 2020 through December 31, 2022, the previously reported revenue related to Services, which effective January 1, 2025 was consolidated into U.S. (including all past periods), recorded revenue on a gross basis. Effective January 1, 2023, Angi Inc. modified the Services terms and conditions so that the pro, rather than Angi Inc., has the contractual relationship with the consumer to deliver the service and our performance obligation to the consumer is to connect them with the pro. This change in contractual terms requires revenue to be reported as the net amount of what is received from the consumer after deducting the amounts owed to the pro providing the service effective for all arrangements entered into after December 31, 2022. There is no impact to operating income (loss) or Adjusted EBITDA from the change in revenue recognition.
(d)	Reflects previously reported Services revenue on a net basis for all periods presented.
(e)	Reflects previously reported Services revenue on a net basis for all periods presented and as reported revenue for the other segments, none of which had changes to their revenue recognition reporting.
(f)	Service Requests - requests for connections with Pros in the period, which include pre-priced offerings and indications of interest expressed on a Pro profile.
(g)	Leads - connections between consumers and Pros resulting from a Service Request in the period, including the completion of a job related to a pre-priced offering; a single Service Request can result in multiple Leads.
(h)	Proprietary Revenue - the portion of U.S. Revenue allocated to Proprietary channels, calculated based on the proportionate share of Leads originating from Proprietary channels in the period.
(i)	Network Revenue - the portion of U.S. Revenue allocated to Network channels, calculated based on the proportionate share of Leads originating from Network channels in the period.
(j)	Acquired Pros - new Pros onboarded onto the Angi platform and eligible to receive Leads in the period.
(k)	Average Monthly Active Pros - the average number of Pros per month that (i) received Leads, (ii) were presented on a Service Request where they agreed to receive a Lead if selected, (iii) requested to be connected to a consumer on a Service Request, or (iv) accepted an offer to complete a pre-priced Service Request.
(l)	Average Monthly Churn - (Active Pros in the current month that were acquired in prior months divided by Active Pros in the prior month) - 1.