Angi Inc.

Angi Inc. operates a digital marketplace that connects consumers with home service professionals across more than 500 categories, including repair, remodeling, cleaning, and landscaping. The company’s platform helps consumers find pre-screened, customer-rated Pros, request services directly, and access tools such as pricing guidance, reviews, and project planning content. On the supply side, Angi gives Pros lead generation, quoting, invoicing, and access to consumers through its marketplace and affiliated channels. Following the March 2025 spin-off from IAC, Angi now operates as an independent public company with two reporting segments: U.S. and International.

10,7 %

95,4 %

4,3 %

−13,0 %

1.65

1.65

— Angi Inc.
%
Consumer marketplace and matching45% Digital tools that connect consumers with pre-screened, customer-rated home service professionals.
Lead generation and advertising30% Revenue from Pros under contract for advertising and consumer leads in the U.S. business.
Pre-priced and booked services15% Transactions where consumers request and pay for home services directly through the platform.
Membership and subscription services7% Consumer and Pro membership packages and subscription-based access to platform tools.
International marketplaces3% Home services marketplaces in Europe and Canada that connect local consumers and Pros.

Angi serves two-sided marketplace customers: consumers seeking help with home projects and independent Pros who want...

  • Consumers seeking home servicesprimary

    Households use Angi to find, compare, and book local Pros for home projects and service requests.

  • Independent home service professionalsprimary

    Pros buy leads, advertising, and workflow tools to acquire customers and convert jobs.

  • Membership and subscription userssecondary

    Consumers and Pros purchase membership packages for access to platform features and tools.

  • Retail and affiliate channel customerssecondary

    Consumers referred from third-party partners use Angi for assembly, installation, and related services.

  • International marketplace usersemerging

    Consumers and Pros in Europe and Canada use localized marketplaces for home services matching.

Angi generates most of its business in the United States, where the U.S. segment includes lead revenue, advertising,...

  • United States is the core market and the main source of revenue
  • International segment includes Europe and Canada
  • Named international marketplaces include Austria, Canada, France, Germany, Italy, the Netherlands, and the UK
  • U.S. revenue includes leads, advertising, memberships, and pre-priced services
  • International revenue is mainly lead revenue and membership subscription revenue from Pros
  • Geographic fragmentation affects brand building, Pro density, and monetization

Angi’s strategy centers on strengthening its two-sided marketplace by increasing consumer demand, improving Pro supply,...

01
Improve platform functionality and software capabilitiesshort-term

Better matching, booking, and workflow tools should increase conversion and make the marketplace more useful to both consumers and Pros.

02
Strengthen brand awareness and trustmedium-term

Marketplace demand depends on consumer confidence in Pro quality, reviews, and the reliability of the Angi brand.

03
Expand monetization across service categoriesmedium-term

A broader set of categories increases the addressable market and improves revenue opportunities from both leads and transactions.

04
Manage the post-spin-off operating structureshort-term

Operating independently from IAC requires clearer capital allocation, governance, and financing discipline.

Angi’s business depends heavily on brand trust, Pro quality, and consumer satisfaction, so complaints, lawsuits, poor...

high

Brand and reputation damage

The marketplace depends on consumer trust in Angi and on the perceived quality of Pros; negative service experiences can reduce repeat usage and lead conversion.

Scope
Angi, HomeAdvisor, and other brand channels
Materiality
high
high

Data security and privacy breaches

The platform handles consumer and Pro information, so breaches or misuse could trigger legal, regulatory, and reputational harm.

Scope
Digital marketplace and user data
Materiality
high
high

Liquidity and debt service

The company has senior notes outstanding and must generate sufficient cash to service debt and fund operations.

Scope
ANGI Group Senior Notes and revolving facility
Materiality
high
medium

Demand sensitivity to macro conditions

Home services demand can weaken when consumers delay discretionary repair or remodeling projects.

Scope
U.S. and international consumer demand
Materiality
high
medium

Platform and third-party technology reliability

Service matching, booking, and consumer experience depend on scalable internal systems and external technology partners.

Scope
Marketplace infrastructure
Materiality
medium
medium

Post-spin-off and IAC-related uncertainty

The company disclosed ongoing risks related to its relationship with IAC after the Distribution and the transition to independent operations.

Scope
Corporate structure and governance
Materiality
medium
Revenue recognition by product type
Can shift reported revenue between periods depending on service delivery and contract structure
Segment reporting change
Affects trend analysis and segment margin interpretation
Stock-based compensation
Can materially affect operating expenses and net earnings
Goodwill and intangible assets
Potential non-cash charges and earnings volatility
Capitalized software
Influences operating expense, depreciation/amortization, and investing cash flow

: 11/08/2026