Angi Q2 revenue $248M (-11% YoY), net loss $230.7M on $235.2M goodwill impairment

Angi Inc.

Revenue $248M, down 11% YoY; net loss $230.7M ($5.70 diluted EPS loss) vs net income $10.9M ($0.23 EPS) in Q2 2025.
Adjusted EBITDA $28.2M, down 14% YoY; Large Pro & National Partnership revenue grew 20% for second consecutive quarter.
Non-cash goodwill impairment of $225.6M and intangible impairment of $9.6M drove operating loss of $233.7M.
Director Jeremy Philips resigned; Michael Steib (former TEGNA CEO) appointed to board effective Aug 4, 2026.
CEO PSU agreement amended: removed stock price goals for two tranches, modified vesting on termination/change in control.

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