Levin went on to say that Angi is "healthy, profitable and on a path to resume revenue growth." The company's revenue declined 16% year over year to $296.7 million during the third quarter, which Angi attributed to lower sales and marketing spend, which led to a decrease in service requests and lower acquisition of new professionals. Analysts were looking for revenue of $297 million, according to LSEG.

Angi saw earnings of 7 cents per share, compared with consensus expectations for zero cents per share, according to LSEG.