Angi shares fall after Q1 revenue decline, guidance withdrawal raise growth concerns

Angi Inc. (ANGI) shares fell to $5.18 from $7.41 before its first-quarter earnings report, as investors reacted to declining revenue and the company’s decision to withdraw short-term guidance. Management said March was weaker than expected, citing macroeconomic pressure that led homeowners to delay larger projects and shift toward smaller jobs. CFO Julie Hoarau said the change reduced professional demand and budget allocations, weighing on capacity and revenue. CEO Jeffrey Kip said Angi has faced inconsistent execution on its legacy technology stack. Investors are watching the company’s transition to an AI-native marketplace, adoption of its Angi Pro CRO product, and new large language model partnerships aimed at generating homeowner demand.