Angi Inc. reported Q2 2026 results with revenue declining 11% to $248.0 million and a net loss of $230.7 million, driven by a $235.2 million non-cash goodwill and intangible asset impairment. Adjusted EBITDA fell 14% to $28.2 million as consumer marketing expenses rose despite workforce reductions. The company opportunistically repurchased $73.4 million in aggregate principal of its 2028 Senior Notes for $68.0 million in cash, recognizing a $5.6 million gain. On the governance front, director Jeremy Philips resigned effective August 4, 2026, and Michael Steib was appointed to the Board with a $250,000 RSU grant. CEO Jeffrey Kip received an amended Performance Stock Unit agreement removing stock price hurdles for two tranches to enhance retention. Angi Inc. operates in the digital home services marketplace industry.
