Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
Screener Weekly Summary Pricing

Angi Inc. ANGI

Communication Services  —  Internet Content & Information
5.42 0.26 5.04% as of 25 Sep
Market cap
$209.3M
P/E
0.0×
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Angi Inc. (ANGI) Business Profile

Updated before January 2025

Company Overview

Angi Inc. (ANGI), formerly known as Angie’s List, is a leading digital marketplace that connects homeowners with service professionals for home improvement, maintenance, and repair projects. The company was founded in 1995 by Angie Hicks and William S. Oesterle in Columbus, Ohio. Initially, it started as a subscription-based service where users could access reviews of local contractors and service providers. Over the years, Angi evolved into a comprehensive platform offering a wide range of services to meet the needs of homeowners.

Headquartered in Denver, Colorado, Angi Inc. operates as a subsidiary of IAC/InterActiveCorp, a prominent media and internet company. The company is led by a team of experienced executives, including Oisin Hanrahan, who serves as the Chief Executive Officer (CEO). Under his leadership, Angi has focused on expanding its digital presence, enhancing customer experience, and diversifying its service offerings.

Core Business Segments

Angi Inc. operates through several core business segments, each catering to different aspects of home improvement and maintenance. These segments include:

1. Home Services Marketplace

Angi’s primary offering is its online marketplace, which connects homeowners with service professionals. The platform covers a wide range of categories, including:

  • Home Improvement: Services such as remodeling, painting, flooring, and roofing.
  • Maintenance: Regular upkeep services like HVAC maintenance, plumbing, and electrical work.
  • Cleaning Services: House cleaning, carpet cleaning, and window washing.
  • Landscaping and Outdoor Services: Lawn care, tree trimming, and deck building.

2. Fixed-Price Services

Angi also offers fixed-price services, allowing homeowners to book pre-priced jobs directly through the platform. This segment simplifies the process for users by providing upfront pricing and eliminating the need for quotes.

3. Advertising and Lead Generation

Angi generates revenue by offering advertising and lead generation services to service professionals. Businesses can pay to be featured prominently on the platform or to receive leads from potential customers.

4. Membership Plans

The company provides membership plans, such as Angi Key, which offer benefits like discounts on services, access to exclusive deals, and a satisfaction guarantee.

Business Model

Angi Inc. operates on a dual-sided marketplace model, connecting homeowners with service professionals. The company generates revenue through multiple streams, including:

  • Transaction Fees: Angi charges service professionals a fee for each job booked through the platform.
  • Subscription Revenue: Homeowners can subscribe to membership plans for added benefits, while service professionals can subscribe to premium listings and lead generation services.
  • Advertising Revenue: Businesses pay for advertising placements and enhanced visibility on the platform.

Angi’s business model emphasizes convenience, transparency, and trust. By leveraging technology, the company streamlines the process of finding and hiring service professionals, ensuring a seamless experience for both homeowners and contractors.

Strategic Direction

Angi Inc. is focused on several strategic initiatives to drive growth and maintain its leadership position in the home services industry. Key areas of focus include:

  • Expansion of Service Offerings: The company aims to broaden its range of services to cater to evolving customer needs. This includes exploring new categories such as smart home installations and energy-efficient solutions.
  • Digital Transformation: Angi continues to invest in technology to enhance its platform’s functionality, improve user experience, and optimize operations.
  • Sustainability Goals: The company is committed to promoting sustainable practices by encouraging eco-friendly home improvement solutions and partnering with environmentally conscious service providers.
  • Global Expansion: While primarily focused on the U.S. market, Angi is exploring opportunities to expand its presence internationally.

Competitive Landscape

Angi operates in a highly competitive market, facing competition from both traditional and digital players. Key competitors include:

  • HomeAdvisor: Another subsidiary of IAC, HomeAdvisor offers similar services and is integrated with Angi’s platform.
  • Thumbtack: A digital marketplace connecting customers with local professionals for various services.
  • TaskRabbit: A platform for hiring freelancers for small tasks and home services.
  • Porch: A home services platform that partners with retailers and real estate companies.
  • Local Contractors: Independent contractors and small businesses that rely on word-of-mouth and local advertising.

Risk Factors

Angi Inc. faces several risks that could impact its business operations and financial performance. These include:

  • Market Dependence: The company’s success is heavily reliant on the demand for home improvement and maintenance services.
  • Economic Conditions: Economic downturns or recessions could reduce consumer spending on discretionary services.
  • Competition: Intense competition from other platforms and local contractors could affect market share.
  • Regulatory Challenges: Compliance with local, state, and federal regulations can be complex and costly.
  • Supply Chain Disruptions: Delays or shortages in materials and labor could impact service delivery.

Recent Developments

Angi has recently introduced several initiatives to enhance its platform and expand its offerings. Notable developments include:

  • Integration with HomeAdvisor: The merger of Angi and HomeAdvisor has created a unified platform with a broader range of services and a larger customer base.
  • Launch of Angi Key: This membership program provides exclusive benefits to homeowners, including discounts and a satisfaction guarantee.
  • Focus on Technology: The company has invested in AI and machine learning to improve service matching and customer support.
  • Response to COVID-19: Angi adapted to the pandemic by promoting contactless services and virtual consultations.

Investment Considerations

Strengths:

  • Market Leader: Angi is a well-established brand with a strong reputation in the home services industry.
  • Diverse Revenue Streams: The company’s business model includes multiple revenue sources, reducing dependence on any single stream.
  • Technological Innovation: Continuous investment in technology enhances user experience and operational efficiency.

Risks:

  • Economic Sensitivity: The business is vulnerable to economic fluctuations that impact consumer spending.
  • Competitive Pressure: Intense competition could affect growth and profitability.
  • Regulatory Risks: Compliance with regulations may pose challenges and increase costs.

Conclusion

Angi Inc. is a leading player in the home services industry, offering a comprehensive platform that connects homeowners with service professionals. With a strong market presence, diverse revenue streams, and a focus on innovation, the company is well-positioned for future growth. However, it must navigate challenges such as economic sensitivity and competitive pressure to maintain its leadership position. As Angi continues to expand its offerings and invest in technology, it remains a compelling choice for homeowners and service professionals alike.