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Mar 31
ANGI Homeservices Q1 2025 Earnings Report
Angi Inc. reported its first quarter 2025 earnings as an independent company, with the Board of Directors approving a new 5 million share repurchase authorization.
Key Takeaways
Angi Inc. reported a revenue of $245.9 million for Q1 2025, a 19% decrease from the prior year, primarily due to ongoing quality and efficiency improvements. Despite the revenue decline, operating income significantly increased to $20.0 million, up 636% from Q1 2024. Net earnings were positive at $15.1 million, a substantial improvement from a net loss in the previous year.
Revenue for Q1 2025 was $245.9 million, down 19% year-over-year, attributed to marketing optimization, sales force consolidation, and full implementation of homeowner choice.
Operating income surged to $20.0 million in Q1 2025, a 636% increase from $2.7 million in Q1 2024.
The company reported net earnings of $15.1 million for Q1 2025, compared to a net loss of $1.6 million in Q1 2024.
Adjusted EBITDA decreased by 23% to $27.7 million, primarily due to lower revenue, partially offset by reduced Pro acquisition and consumer marketing expenses, and lower fixed costs.
ANGI Homeservices
ANGI Homeservices
ANGI Homeservices Revenue by Geographic Location
Revenue by Geographic Location
Domestic Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The report does not contain explicit forward-looking financial guidance for future quarters or the full year. However, it does discuss strategic priorities and operational changes that are expected to influence future performance.
Positive Outlook
- Implementation of homeowner choice is expected to improve customer experience and retention.
- Consolidation of sales forces aims to optimize long-term profitability.
- Improved Pro retention rates are noted, contributing to a more stable Pro network.
- Reduced Pro acquisition expense and consumer marketing expense indicate a focus on efficiency.
- Lower fixed expenses due to reduced real estate and software costs contribute to cost savings.
Challenges Ahead
- Revenue decline of 19% year-over-year indicates ongoing challenges in top-line growth.
- Adjusted EBITDA decreased by 23%, reflecting the impact of lower revenue.
- Service Requests were down 19% year-over-year, indicating a decrease in consumer demand or engagement.
- Leads were down 20% year-over-year, suggesting fewer connections between consumers and Pros.
- Lower Pro acquisition numbers indicate a smaller influx of new professionals onto the platform.
Revenue & Expenses
Visualization of income flow from segment revenue to net income