Seasoned Financial Leader and Current Angi Chief Accounting Officer Brings Deep Finance and Accounting ExperienceDENVER, March 12, 2026 (GLOBE NEWSWIRE) -- Angi (formerly Angie’s List) (NASDAQ: ANGI), a leading digital home services marketplace, today announced the appointment of Julie Hoarau as Chief Financial Officer. With more than 20 years of finance and accounting leadership experience, Ms. Hoarau will oversee the company’s financial organization and help drive Angi’s next phase of growth and operation ...

New app guides homeowners from question to contractors — moving from conversational AI recommendations in ChatGPT to matching with skilled pros on AngiDENVER, March 04, 2026 (GLOBE NEWSWIRE) -- As homeowners increasingly turn to AI to start home projects, Angi (formerly Angie’s List) (NASDAQ: ANGI), a leading digital home services marketplace, today announced the launch of the Angi app in ChatGPT. This app enables homeowners to move from asking a home-improvement question in ChatGPT to connecting directly w ...

Core Viewpoint - The communication services sector has several oversold stocks that present potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Angi Inc (NASDAQ:ANGI) reported worse-than-expected fourth-quarter EPS results, leading to a stock decline of approximately 39% over the past month, with a 52-week low of $7.72 [2] - The Relative Strength Index (RSI) for Angi Inc is at 29.8, indicating it is oversold [2] - Angi's stock price increased by 0.8% to close at $8.09 on Wednesday [2] Group 2: Stock Ratings - Angi Inc has a momentum score of 1.99 and a value score of 45.26 according to Edge Stock Ratings [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-38220 Angi Inc. (Exact name of Registrant as specified in its charter) Delaware 82-1204801 (State or other jur ...

Over the past several quarters, Angi Inc. ( ANGI ) has embarked on a business transformation aimed at fundamentally reshaping how it matches customers with service professionals (or Pros). A key change involved giving customers the option toAn individual investor primarily focused on undercovered companies, with up to 100 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of comp ...

Core Insights - Angi Inc. is undergoing a significant business transformation to improve the way it connects customers with service professionals [1] Group 1: Business Transformation - The company has implemented changes that allow customers to have more options in selecting service professionals [1]

The stock market in 2026 has dealt a tough blow to small- and mid-cap stocks, and the Q4 earnings season has been a rough cycle for any companies in the midst of uncomfortable business transitions. Amid a very nervous stock market that hasWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular con ...

Core Insights - Angi is undergoing a multi-year transformation focusing on higher-quality revenue and improved customer outcomes while facing a conservative near-term revenue outlook due to pressures from Google SEO and network channels [3][5][9] Group 1: Revenue and Financial Performance - Angi has experienced a "material stairstep improvement" in year-over-year revenue changes, estimating an increase of "700-900 basis points" [2] - The company has given up approximately $500 million of lower quality revenue over the past three years while doubling EBITDA and cutting capital expenditures in half, resulting in a shift from negative to positive free cash flow [2][6] - The first-quarter revenue is expected to decline by 1% to 3%, with low-single-digit growth anticipated for the year [5][13] Group 2: AI and Technology Integration - Angi is integrating large language models (LLMs) into its service request path, which has shown to convert users about 3.3 times better than those who do not use the AI feature [4][7] - The company is exploring the potential of AI as an "agent" to enhance communication and booking processes between homeowners and professionals [8] - Management is training LLM technology using proprietary data, with a goal to increase user adoption of the AI helper to between 50% and 65% [7] Group 3: Marketing and Growth Strategy - Angi plans to increase marketing investments, including offline and online pro marketing, to drive growth in proprietary channels [14][17] - Proprietary business grew by 17% in 2025, with expectations of high-single-digit to low-double-digit growth in the first quarter [12] - The company is focusing on larger professionals, who represent a significant portion of the market, while currently being under-penetrated in that segment [17] Group 4: Operational Changes and Cost Management - The restructuring is expected to generate annualized savings of $70 million to $80 million, with in-year savings projected in the "mid-60s" million [16] - Angi's fixed cost base is anticipated to be approximately $40 million lower year-over-year post-restructuring [16] - The company is also modernizing its technology platform, with a focus on a more componentized system that can integrate various channels and technologies [19]

Financial Data and Key Metrics Changes - The company has doubled its EBITDA while cutting capital expenditures in half, resulting in a shift from negative to positive free cash flow [4] - The homeowner NPS has improved by more than 30 points, and churn has been reduced by over 30% [4] - Customer success rates have increased by more than 20%, with a positive customer repeat rate of about 10% in Q4 [4] Business Line Data and Key Metrics Changes - Proprietary business grew by 17% in 2025, with expectations of high single to low double-digit growth in Q1 [15][16] - The company anticipates modest negative growth in Q1, with a potential recovery to mid-single-digit growth in the second half of the year [18][19] Market Data and Key Metrics Changes - SEO currently accounts for approximately 7% of service requests, leads, and revenue, which has been declining over the past few years [88] - The company has faced significant pressure from Google SEO, with expectations that this will remain a challenge throughout the year [15][90] Company Strategy and Development Direction - The company is focusing on leveraging AI technologies, including partnerships with LLMs, to enhance customer experiences and improve matching between homeowners and service providers [5][6] - A significant increase in brand marketing spend is planned to return to 2024 levels, aimed at driving revenue growth [40][43] - The company is restructuring to achieve $70-$80 million in annualized savings, allowing for reinvestment in long-term growth initiatives [23][24] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects despite current challenges, highlighting improvements in customer experience and the potential for AI integration [5][66] - There is a recognition of macroeconomic pressures, including a decline in consumer confidence, which may impact service request volumes [66] Other Important Information - The company is undergoing a global platform consolidation, which is expected to enhance the customer experience without significant disruption [52][56] - The restructuring has resulted in a more efficient cost structure, freeing up capital for investments in growth [24][25] Q&A Session Summary Question: How should we think about the rollout of AI features? - The company is focusing on enhancing the AI helper in the service request path to increase homeowner engagement and improve pro matching [30] Question: What is the rationale for tripling brand spend this year? - The increase is aimed at returning to 2024 levels, with confidence in ROI based on historical performance and improved customer experience [39][43] Question: What is happening with pro capacity? - The company has shifted to selling larger pros with bigger packages, resulting in increased revenue per pro despite a nominal decline in the number of active pros [56][58] Question: What is the current exposure to SEO headwinds? - SEO currently contributes about 7% to service requests and revenue, and the company plans to focus on proprietary traffic sources to mitigate this decline [88][90] Question: How is capital allocation being considered post-spin? - The company is focused on managing debt and considering value-creating acquisitions while keeping share repurchases on hold for a period [72][74]

Financial Data and Key Metrics Changes - The company has doubled its EBITDA while cutting capital expenditures in half, resulting in a shift from negative to positive free cash flow [4] - The homeowner Net Promoter Score (NPS) has improved by more than 30 points, and churn has decreased by over 30% [4] - Customer success rates have increased by more than 20%, and the customer repeat rate turned positive by about 10% in Q4 [4] Business Line Data and Key Metrics Changes - Proprietary business grew by 17% in 2025, with expectations of high single to low double-digit growth in Q1 [15][45] - The company anticipates modest negative growth in Q1, with a potential recovery to mid-single-digit growth in the second half of the year [13][18] Market Data and Key Metrics Changes - SEO currently accounts for approximately 7% of service requests, leads, and revenue, which has been declining over the past few years [88] - The company has faced significant pressure from Google SEO, with expectations that this will continue into the year [14][90] Company Strategy and Development Direction - The company is focusing on AI integration, particularly through partnerships with LLMs, to enhance customer experience and improve matching between homeowners and service providers [5][6] - A significant increase in brand marketing spend is planned to return to 2024 levels, which is expected to drive revenue growth [40][43] - The company is restructuring to achieve $70-$80 million in annualized savings, allowing for reinvestment in long-term growth initiatives [23][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's prospects in the AI landscape and the potential for growth despite current challenges [5][9] - There is a recognition of the need to adapt to a changing competitive environment, particularly regarding Google's evolving strategies [90][92] Other Important Information - The company is undergoing a global platform consolidation, which is expected to enhance the customer experience without significant disruption [52][56] - The company is also focusing on improving the pro capacity by selling larger packages to fewer pros, which is expected to increase overall capacity [56][58] Q&A Session Summary Question: How should we think about the rollout of AI features? - The company is focusing on the AI helper in the service request path to increase homeowner engagement and improve pro matching [30] Question: What is the rationale for tripling brand spend this year? - The increase is a return to 2024 levels, with confidence in ROI based on historical performance and data analytics [39][40] Question: What is the current exposure to SEO headwinds? - SEO currently accounts for about 7% of service requests, and the company plans to focus on proprietary traffic sources to mitigate this [88][90] Question: What is happening with pro capacity? - The company is selling larger packages to fewer pros, which has increased revenue per pro, while also ramping up online enrollment for smaller pros [56][58]