Financial PerformanceRevenue of $268 million exceeded expectations by $14 million, and EBITDA margins were better than anticipated.
Growth PotentialManagement believes ANGI is on track to return to top-line growth in 2026, with sequential improvements expected throughout 2025.
Strategic PositionAngi offers a well-capitalized, clearly defined catalyst name that still trades at a massive discount to both the space and the potential total addressable market, with a much lower fixed cost base than at almost any point in the company’s long and storied history.