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    Angi Inc (ANGI)

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    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.

    1. 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.
    2. Services - Facilitates household services requested by consumers through the Angi platform, assigning jobs to independent service professionals who complete the tasks.
    3. International - Operates in Europe and Canada, generating revenue from consumer connection fees, advertising contracts, and membership subscriptions.
    NamePositionExternal RolesShort 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.

    1. 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?

    2. 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?

    3. 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?

    4. 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?

    5. 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?

    Program DetailsProgram 1 (2024 Share Authorization)
    Approval DateAugust 2, 2024
    End Date/DurationIndefinite
    Total Additional Amount25 million shares
    Remaining Amount23.1 million shares (as of 2024-11-08)
    DetailsRepurchases based on market conditions, share price, and future outlook.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    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 developments and announcements about ANGI.

    8-K Filings

    • 8-K Filing

      ·
      5 days ago
      Unregistered Equity Sale

      Angi Inc. issued 1,203,508 shares of Class A common stock at $1.66 per share to IAC Inc. as reimbursement for a prior equity settlement under an Employee Matters Agreement.

      View full 8-K filing →