You might also like
Angi Inc. is a leading platform that connects consumers with home service professionals across more than 500 service categories, including home repair, remodeling, cleaning, and landscaping. The company operates under well-known brands such as Angi, HomeAdvisor, and Handy, offering tools and resources for consumers to find pre-screened, customer-rated service professionals. Angi generates revenue through advertising, consumer connection fees, and direct service offerings.
- Ads and Leads - Connects consumers with service professionals for local services through a network of professionals. Revenue is generated from consumer connection fees, advertising contracts, and membership subscriptions from service professionals and consumers.
- Services - Facilitates household services requested by consumers through the Angi platform, assigning jobs to independent service professionals who complete the tasks.
- International - Operates in Europe and Canada, generating revenue from consumer connection fees, advertising contracts, and membership subscriptions.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Angela R. Hicks Bowman ExecutiveBoard | Chief Customer Officer | None | Angela R. Hicks Bowman is a co-founder of Angi and has been the Chief Customer Officer since September 2017. She has received multiple awards for her entrepreneurial achievements and leadership. | |
Andrew Russakoff Executive | Chief Financial Officer | Advisor to Gatsby | Andrew Russakoff has been the CFO of Angi since June 2022, with a background in financial planning and investor relations at IAC and experience in finance and operations at GameChanger Media. | |
Jeffrey W. Kip Executive | Chief Executive Officer | Board Member at Berkshire Hills Bancorp, Inc. | Jeffrey W. Kip is the CEO of Angi Inc. since April 2024, previously serving as President of Angi and CEO of Angi International. He has extensive experience in finance and strategic transactions. | View Report → |
Shannon M. Shaw Executive | Chief Legal Officer | None | Shannon Shaw has been the Chief Legal Officer of Angi since March 2019, overseeing legal and compliance matters. She previously served as General Counsel at Angie’s List and Chief Counsel at dormakaba Inc. | |
Alesia J. Haas Board | Director | CFO of Coinbase Global Inc.; Board Member of Vimeo, Inc. | Alesia J. Haas has been a director at Angi since September 2017, with a background in finance and leadership roles in the cryptocurrency industry. | |
Christopher Halpin Board | Director | Executive Vice President, CFO, and COO of IAC | Christopher Halpin has been a director at Angi since June 2022, with extensive experience in consumer digital engagement and strategic transactions. | |
Jeremy Philips Board | Director | General Partner at Spark Capital; Board Member at TripAdvisor, Inc.; Adjunct Professor at Columbia Business School | Jeremy Philips has been a director at Angi since November 2021, bringing technology and marketplace expertise. | |
Joseph Levin Board | Chairman of the Board | CEO and Director of IAC; Board Member of MGM Resorts International; Board of Advisors of The Wharton School | Joseph Levin has been the Chairman of the Board at Angi since September 2017. He has overseen significant strategic transactions, including the IPO and spin-off of Match Group and Vimeo. | |
Kendall Handler Board | Director | Executive Vice President and Chief Legal Officer of IAC | Kendall Handler has been a director at Angi since December 2020, with expertise in mergers and acquisitions and corporate governance. | |
Mark Stein Board | Director | Senior Advisor to IAC | Mark Stein has been a director at Angi since September 2017, known for his financial literacy and legal expertise. | |
Sandra Buchanan Hurse Board | Director | Managing Director, Chief Human Resources Officer at GCM Grosvenor; Board Member of The Harlem School of Arts, Council for Urban Professionals, and The Thurgood Marshall College Fund | Sandra Buchanan Hurse has been a director at Angi since November 2021, bringing expertise in human resources and talent management. | |
Suzy Welch Board | Director | Professor at NYU Stern School of Business; Business Journalist and Author | Suzy Welch has been a director at Angi since September 2017, known for her expertise in business leadership and strategy. | |
Tom Pickett Board | Director | Chief Revenue Officer of DoorDash, Inc. | Tom Pickett has been a director at Angi since August 2023, with a background in digital media and advertising, and experience as a former F/A-18 pilot in the U.S. Navy. |
-
Given Angi's historically elusive growth despite a large total addressable market, what specifically gives you confidence now that you've finally figured out how to unlock sustainable growth, and how is your current approach different from the past?
-
With the upcoming FCC order requiring one-to-one consent for contacting customers, how are you preparing for the potential revenue impact in 2025, particularly in your third-party channels, and what strategies are in place to mitigate expected volatility?
-
Can you elaborate on the implications of the OpenAI data licensing deal for your core business, specifically regarding traffic trends and monetization, and how do you plan to protect your intellectual property as AI-generated content becomes more prevalent?
-
Why are you considering spinning off Angi now, and what strategic benefits do you anticipate from this move in terms of shareholder value and IAC's focus, especially considering the potential impact on corporate costs and resource allocation?
-
Given the challenging M&A environment and your significant cash balance, how are you approaching capital allocation, and are you considering share repurchases or other strategies to address the depressed valuation of IAC excluding Angi and MGM?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Angi Roofing (Total Home Roofing, Inc.) | 2021 | Completed on July 1, 2021, the acquisition was strategically aimed at accelerating the growth of Angi Services in the roofing category. The deal contributed significantly to revenue growth—with Q3 2021 revenue growing by 160% YoY partly due to Angi Roofing—and was partially funded by proceeds from a $500 million ANGI Group Senior Notes issuance, while incurring $25.8 million in costs for contractors and materials. |
Recent press releases and 8-K filings for ANGI.
- Homeowner choice rollout led to a significant drop in network channel leads and service requests, driving Q1 revenue decline while boosting homeowner satisfaction and achieving a 10% jump in pro win rates.
- Pro engagement metrics were refined by switching from Transacting Professionals to Average Monthly Active Pros, with retention improvements and activity rates rising from 22% to 26% YoY.
- Q1 data shows narrowing declines in Proprietary Channel Service Requests despite significant falls in Network Channel volumes and leads, affecting revenue per request.
- The company expects proprietary channels to recover in Q2 2025 with stabilized lead volumes and higher revenue per lead, setting the stage for growth in 2026.
- Upcoming product initiatives, including AI integration and self-serve acquisitions, aim to drive further operational improvements and enhanced pro network metrics.
- Angi Inc. is now an independent, publicly traded company with IAC shareholders receiving approximately 0.5251 Angi Class A common stock per IAC share .
- IAC Inc. completed the spin-off via a special dividend distribution of all its Angi capital stock on March 31, 2025 .
- Prior to the distribution, IAC converted 41,701,064 Angi Class B shares into Class A shares on a one-for-one basis .
- Joey Levin transitions from IAC CEO to Angi’s Executive Chairman, supporting CEO Jeff Kip to drive strategic execution and target revenue growth .
- The spin-off eliminated Angi’s dual-class voting structure, streamlining its capital structure for future opportunities .
- Both companies reaffirmed full-year guidance for 2025 .
- Angi Inc. reported a 1-for-10 reverse stock split effective March 24, 2025, consolidating every 10 shares into one share without issuing fractional shares.
- Following the reverse split, the Class A common stock began trading on Nasdaq on a split-adjusted basis under the ticker ANGI, with the new CUSIP number 00183L201.
- Angi Inc. filed an 8-K report on March 7, 2025 detailing an equity-related event.
- The report announced the unregistered sale of 1,203,508 shares of Class A common stock at $1.66 per share issued to controlling stockholder IAC Inc. as reimbursement related to employee equity awards.
- The filing was formally signed on March 12, 2025 by Chief Legal Officer Shannon M. Shaw.
- The Board of Directors approved a 1-for-10 reverse stock split of both Angi Class A and Class B common stock, effective March 24, 2025.
- IAC, the controlling stockholder, approved a planned spin-off and special dividend, anticipating the distribution of approximately 0.5178 Angi shares per share of IAC stock, with final distribution on March 31, 2025.