Angi Inc. financials: FY2025 revenue $1,030.5M (down ~13% YoY for 2nd straight year); Q1 2026 Network Revenue collapsed 56% YoY on "homeowner choice" implementation

Claim — FY2025: Angi Inc. FY2025 total revenue $1,030.5M, down ~13% YoY for a second consecutive year of double-digit contraction.

Source: Angi FY2025 10-K via TradingView (filed February 2026). Confidence: Verified.

Full multi-year trajectory

The −23% headline in the brief title refers to the cumulative two-year corporate contraction from FY2023 peak through FY2025. The −12.8% maps to the FY2024 contraction.

For the FY2022–2024 detail and earlier coverage, see the existing entry Angi (NASDAQ: ANGI) revenue: $1.76B (2022, +9%), $1.36B (2023, -23.0%), $1.19B (2024, -12.8%) per SEC filings — this entry extends that trend through FY2025.

Q1 2026 — the Network Revenue collapse

Q1 2026 marked another inflection:

• Total revenue down 3% YoY
• Network Revenue (U.S. third-party-channel business) collapsed 56% YoY due to "homeowner choice" implementation in January 2025
• Operating loss of $(9.5)M reflecting a $14.9M restructuring charge tied to the global workforce reduction

Source: Angi Q1 2026 8-K, May 5, 2026. Confidence: Verified.

Why this matters

Combined with the 350-person layoff (Angi Form 8-K, Jan 7 2026: ~350 employee workforce reduction (12.5% of ~2,800), $70M–$80M expected annual savings) and the HomeStars-specific Canadian restructuring (HomeStars Canadian restructuring Sept 10, 2024: "significant portion" of workforce laid off; FY2025 10-K confirms transition to "more profitable self-serve platform"), Angi is now in a multi-year contraction visible in primary SEC filings. For a Candid client considering a multi-year HomeStars subscription as their primary channel, the platform's own corporate trajectory is the first relevant fact. See Directory platforms (Angi, HomeStars, Houzz) rent the customer relationship — the cleanest "rented vs. owned" pitch for the broader rent-vs-own thesis this evidence supports.