Here are 1-3 brief analogies for Angi (ANGI):

• Yelp for home services

• TaskRabbit for home repairs and improvements

• Angi Ads: A platform for service professionals to advertise their local services through an online directory, offering tools like quoting and invoicing.
• Angi Leads: A digital marketplace connecting consumers with pre-screened professionals for home repair, maintenance, and improvement projects, including online booking.
• Handy: A platform specializing in connecting consumers with professionals for on-demand household services, primarily cleaning and handyman tasks.
• Angi Roofing: A service directly providing roof replacement and repair services to consumers.
• International Home Services Marketplaces: Digital platforms, such as Travaux, MyHammer, Werkspot, MyBuilder, and Instapro, that connect consumers with service professionals for home services in various international markets.

Angi Inc. primarily sells its services to individuals by connecting them with home service professionals or directly providing services for their homes. The major categories of customers that Angi serves include:

• Individuals seeking home repair and maintenance services: This category includes homeowners and renters looking for immediate or routine services such as plumbing, electrical work, HVAC repair, appliance repair, or general handyman services.
• Individuals seeking home improvement and renovation services: These customers are typically homeowners undertaking larger projects like roof replacement or repair, kitchen or bathroom remodeling, exterior painting, landscaping, or window installation.
• Individuals seeking recurring household services: This category covers customers who require ongoing domestic assistance, primarily for services such as regular house cleaning, lawn care, or pest control.

Jeffrey W. Kip, Chief Executive Officer

Jeffrey W. Kip has served as the Chief Executive Officer of Angi since April 2024. Prior to this role, he was President of Angi from November 2023 to April 2024, overseeing finance, sales, marketing, and human resources functions. Mr. Kip also served as Chief Executive Officer of HomeAdvisor International since April 2016. Before joining Angi, he was Chief Financial Officer of IAC from March 2012 to April 2016, and Executive Vice President, Chief Financial Officer of Panera Bread Company from May 2006 to March 2012. His earlier career included positions at investment banking firms UBS and Goldman Sachs.

Julie Hoarau, Chief Financial Officer (effective March 27, 2026)

Julie Hoarau is appointed as Chief Financial Officer effective March 27, 2026. She has served as Angi's Chief Accounting Officer since October 2024, leading the company's accounting and tax strategies and playing a key role in Angi's spin-off from IAC in 2025. Ms. Hoarau brings over 20 years of finance and accounting leadership experience, including senior roles at MongoDB, Aaptiv, Shutterstock, Scanbuy, and KVB Partners. She is also a Certified Public Accountant.

Joey Levin, Executive Chairman

Joey Levin is the Executive Chairman of Angi Inc., guiding its strategy in partnership with CEO Jeff Kip. He also served as CEO of Angi from October 2022 to April 2024. Mr. Levin is the CEO of IAC, Angi's former parent company, where he led significant transformative transactions, including the IPO and subsequent spin-off of Match Group and Vimeo, and the acquisitions of Angie's List and Care.com. He joined IAC in 2003, initially working in the Mergers & Acquisitions group, and previously worked in investment banking at Credit Suisse First Boston.

Angie Hicks Bowman, Chief Customer Officer

Angie Hicks Bowman is the Chief Customer Officer of Angi. She co-founded Angie's List in 1995. Prior to her current role, Ms. Hicks served as Chief Marketing Officer of Angie's List from May 2000 and was on its board of directors from March 2013 through its acquisition by Angi.

Glenn Orchard, Chief Growth Officer

Glenn Orchard is the Chief Growth Officer of Angi, where he oversees growth and marketing strategy and execution. Before this role, Mr. Orchard served as Senior Vice President of Digital and Growth at Angi. He began his career at Angi as Chief Marketing Officer for the MyBuilder business in the UK and then for the entire Angi international business. Prior to Angi, Mr. Orchard held key roles in marketing, commercial, and e-commerce at Dixons Retail and PhotoBox Group.

1. Intense Competition and Market Share Loss

2. Shrinking Network of Service Professionals and High Acquisition Costs for Pros

3. Operational Challenges and Execution Risk from Strategic Transitions

The rise of advanced artificial intelligence (AI) and sophisticated conversational assistants, particularly those integrated into major tech ecosystems (e.g., Google Assistant, Amazon Alexa), presents a clear emerging threat. These technologies have the potential to directly connect consumers with local service professionals by interpreting user requests, identifying and vetting providers, scheduling services, and processing payments, thereby disintermediating traditional intermediary platforms like Angi. As AI capabilities rapidly advance, these ubiquitous assistants could offer a more seamless and personalized experience for finding home services, reducing the need for consumers to navigate dedicated marketplace applications or directories.

Angi Inc. operates within several substantial addressable markets for its home services products and offerings across the United States and internationally.

United States Market

• Overall Home Services: The total addressable market (TAM) for home services in the U.S. was estimated at $657 billion in 2022, according to Angi's "The Economy of Everything Home Report." This market is projected to reach $1,030 billion by 2030. Another estimate indicates the U.S. home service market size is $842.04 billion in 2026 and projected to reach $989.22 billion by 2031. Within this, home improvement alone was valued at $475 billion.
• Home Improvement, Maintenance, and Repair (Angi Ads, Angi Leads): The U.S. home improvement market was valued at approximately $522.25 billion in 2023 and is projected to grow to $615.58 billion by 2029. Other reports indicate the U.S. home improvement market was valued at $534.57 billion in 2024, projected to reach $682.40 billion by 2033. Spending on home improvement and repair reached $611 billion in 2022 and is expected to remain above $600 billion through 2025. The residential remodeling market in the U.S. was estimated at $527.36 billion in 2023.
• Cleaning and Handyman Services (Handy): The U.S. cleaning services market generated revenue of approximately $97.65 billion in 2022 and is expected to reach about $147.65 billion by 2030. The U.S. contract cleaning services market reached $90.37 billion in 2024 and is estimated to attain $163.74 billion by 2033. North America's cleaning services market was valued at $169.45 billion in 2025.
• Roofing Services (Angi Roofing): The U.S. roofing market size was valued at $29.65 billion in 2024 and is anticipated to reach $51.17 billion by 2033. Another estimate places the U.S. roofing market at $49.50 billion in 2024, expected to reach $67.65 billion by 2032. The market size for Roofing Contractors in the U.S. was $92.2 billion in 2025.

Europe Market

• Overall Home Services (Travaux, MyHammer, Werkspot, MyBuilder, Instapro): The Europe home services market was valued at $64.98 billion in 2024 and is anticipated to expand to $180.6 billion by 2033. Other projections indicate the Europe home services market was valued at $123 billion in 2025, and is estimated to reach $240.20 billion by 2034. The Europe online on-demand home services market generated approximately $1.3 billion in revenue in 2022 and is expected to reach about $4.56 billion by 2030.

Angi (ANGI) anticipates several key drivers to fuel its future revenue growth over the next 2-3 years, stemming from strategic initiatives and operational improvements:

1. Growth in Proprietary Channels: Angi is heavily focused on expanding its proprietary channels, which encompass direct, paid, and branded traffic. This segment demonstrated strong performance, with proprietary revenue increasing 17% in fiscal year 2025 and 23% in the fourth quarter of 2025. Management projects high single to low double-digit growth in these channels for the first quarter of 2026, with long-term aspirations for mid-single-digit plus, or ideally double-digit growth. This strategy aims to reduce the company's reliance on external search engine optimization (SEO) channels.
2. Enhanced AI Integration and Product Offerings: The company is adopting an "AI first" approach, leveraging artificial intelligence (AI) and large language models (LLMs) to significantly improve the matching process between service professionals and consumers, streamline the overall homeowner experience, and automate professional verification. This integration is expected to boost conversion rates, with the AI-powered service request path already showing a 3.3 times higher conversion rate for users engaging with the tool.
3. Return to Higher Brand Marketing Investment: After a period of reduced spending, Angi plans to restore its brand marketing investments to levels seen in 2024. This strategic reinvestment is anticipated to stimulate demand and drive growth, particularly within its proprietary channels.
4. Stabilization of Network Revenue and Optimization of Homeowner Choice Model: Angi's transition to a "homeowner choice" model initially led to a decline in network channel revenue. However, management expects this revenue decline to stabilize at lower levels throughout fiscal year 2026. The stabilization of network revenue, combined with the long-term benefits of the homeowner choice model in enhancing user satisfaction and marketplace efficiency, is projected to contribute to mid-single-digit overall revenue growth in the second half of 2026.
5. Expansion of the Fixed-Price Model (Angi Services): Angi continues to aggressively promote its fixed-price model, known as Angi Services. This model, which was significantly advanced by the acquisition of Handy, allows Angi to control the transaction and service quality by setting a pre-determined price for jobs. This high-margin opportunity is designed to reduce friction for both homeowners and service professionals, thereby driving increased adoption and transactions.

Share Repurchases

• Angi's board approved a new authorization to repurchase 5 million shares on May 5, 2025.
• Between February 12 and May 2, 2025, Angi bought back 2.3 million common shares for $32 million, following a reverse stock split.
• Since its spin-off from IAC on March 31, 2025, Angi repurchased 10 million shares, representing 19.9% of the company's shares outstanding at the time of the spin, at an average price of $14 per share, fulfilling the maximum allowable buybacks post-spin-off.

Share Issuance

• On March 31, 2025, IAC completed the spin-off of Angi, distributing all of Angi's capital stock held by IAC to IAC stockholders as a special dividend, after which IAC no longer held any Angi capital stock.
• Prior to the spin-off, on March 24, 2025, Angi Inc. executed a 1-for-10 reverse stock split.
• On March 7, 2025, Angi issued 1,203,508 shares of Class A Common Stock to IAC, priced at $1.66 per share, as reimbursement for IAC common stock used to settle Angi employee equity awards.

Inbound Investments

• The most significant inbound capital event for Angi was its spin-off from IAC on March 31, 2025, transitioning from a subsidiary to an independent publicly traded company.

Capital Expenditures

• Angi's capital expenditures were approximately $60 million in fiscal year 2025.
• The company expects capital expenditures to be $55 million in 2026, a decrease from 2025.
• Angi has reduced its capital expenditures by half over the last three years, contributing to a shift from negative to positive free cash flow, and plans to reinvest savings into core growth initiatives, including brand marketing, pro marketing and sales, and AI staffing and tools.