Angi Inc. sees Q3 revenue decline of 8%-11%

Angi said in its shareholder letter, “For the third quarter, we expect a revenue decline in the range of 8%-11%, with adjusted EBITDA projected at $34M-$37M. This implies a Q4 of 5%-10% revenue decline and an EBITDA range of approximately $45M-$47M. We expect to realize similar operating margin leverage from the third to fourth quarters of 2025 to what we experienced from the third to fourth quarters of 2024, without the fixed expense margin deleverage, and thus deliver the implied adjusted EBITDA growth.”