Angi Business Summary

Angi Inc. operates a leading digital marketplace connecting homeowners with home service professionals across more than 500 categories, generating revenue through three primary segments: Ads and Leads, Services, and International. The Ads and Leads segment, the company's core profit driver, monetizes through professional lead fees and advertising, while the Services segment facilitates pre-priced home projects where Angi manages the transaction and retains a commission. As of February 2026, the company is aggressively transitioning to an AI-first operating model, prioritizing high-margin proprietary lead channels and the 'Angi Key' membership program to enhance customer retention and operational efficiency. In a competitive landscape dominated by Thumbtack, TaskRabbit, Houzz, and Yelp, Angi remains the largest legacy incumbent, leveraging its massive proprietary database to shift from a lead-generation directory toward a fully integrated, end-to-end home services platform. Leadership is spearheaded by CEO Jeff Kip, who took the helm in 2024 following tenures as President of Angi and CFO of both IAC and Panera Bread, bringing deep expertise in marketplace scaling and capital allocation. He is supported by CFO Andrew Russakoff, a veteran of IAC’s financial planning and investor relations divisions, and Chief Customer Officer Angie Hicks, the co-founder of Angie’s List. The company is a majority-owned subsidiary of IAC, with IAC CEO Joey Levin serving as Executive Chairman to guide long-term strategy and brand integration. The board of directors includes notable figures such as Alesia Haas (CFO of Coinbase) and Glenn Schiffman (CFO of Fanatics), ensuring a leadership pedigree focused on digital transformation and aggressive market positioning.