Angi Inc Stock Price, News & Analysis

Angi (NASDAQ: ANGI) has completed its spin-off from IAC (NASDAQ: IAC), becoming the 10th independent company to emerge from IAC's 30-year history. The transaction, completed on April 1, 2025, eliminates Angi's dual-class voting structure and positions both companies for independent growth.

As part of the transition, Joey Levin has stepped down as IAC CEO to become Executive Chairman of Angi, working alongside Angi CEO Jeff Kip. The distribution was completed on March 31, 2025, with IAC shareholders receiving approximately 0.5251 shares of Angi Class A common stock for each share of IAC stock held as of March 25, 2025.

Under its independence, Angi aims to leverage its improved customer experience and enhanced profitability to pursue strategic growth opportunities. The company maintains its focus on returning to revenue growth in 2026, supported by a healthy balance sheet.

Angi Inc. (NASDAQ: ANGI) has announced the release of its fourth quarter financial results and a shareholders letter from CEO Jeffrey Kip on the company's investor relations website. A conference call to discuss Q4 results is scheduled for February 12, 2025, at 8:30 a.m. ET. The call will feature Barry Diller (IAC Chairman), Joey Levin (IAC CEO and Angi Chairman), Jeffrey Kip (Angi CEO), and Christopher Halpin (IAC EVP, CFO and COO). Both the live audiocast and replay will be accessible to the public through Angi's investor relations website.

IAC has announced the release of its fourth quarter financial results for 2025, along with shareholder letters from IAC CEO Joey Levin and Angi Inc. CEO Jeffrey Kip. The materials are available on the company's investor relations website. IAC and Angi Inc. will host a joint conference call on Wednesday, February 12, 2025, at 8:30 a.m. ET to discuss the quarterly results and answer questions. The call will feature Barry Diller (Chairman and Senior Executive of IAC), Joey Levin (CEO of IAC and Chairman of Angi Inc.), Jeffrey Kip (CEO of Angi Inc.), and Christopher Halpin (Executive Vice President, CFO and COO of IAC). A live audiocast and replay will be accessible to the public through IAC's investor relations website.

Angi's 2024 State of Home Spending Report reveals that despite economic pressures, 93% of homeowners plan home projects in 2025, even as total spending dropped 12% in 2024. The average homeowner spent $12,050 on home projects in 2024, down from $13,667 in 2023.

With high interest rates and scarce housing inventory, 67% prefer renovating over relocating. Home projects emerged as the most stressful budget item, surpassing healthcare and childcare, with 43% reporting increased stress related to home repairs.

Key spending breakdown for 2024:

• Home improvements: $9,322 (relatively flat from $9,542 in 2023)
• Home maintenance: $1,750 (down from $2,458)
• Emergency repairs: $978 (down from $1,667)

IAC has announced plans to spin off its complete stake in Angi, a leading home services platform, to IAC shareholders. The tax-free transaction is expected to close in the first half of 2025, no sooner than March 31. As part of this reorganization, Joey Levin will transition from IAC CEO to become Angi's Executive Chairman, working alongside Angi CEO Jeff Kip.

The spin-off will convert Angi's dual-class structure into one share/one vote common stock, with IAC shareholders receiving direct ownership. This move aims to provide Angi with greater independence and flexibility for growth through M&A, capital formation, and talent acquisition. IAC will not appoint a new CEO, with key executives reporting directly to Barry Diller, Senior Executive and Chairman.

Both companies affirmed their previous financial expectations for Q4 2024, with results to be posted on February 11, 2025, followed by a joint conference call on February 12.

Angi Inc. (NASDAQ: ANGI) has released its third quarter financial results, which are now available on the investor relations section of its website. The company will host a joint conference call with IAC on Tuesday, November 12, 2024, at 8:30 a.m. ET to discuss the results and answer questions. The call will feature Joey Levin (IAC CEO and Angi Chairman), Jeffrey Kip (Angi CEO), and Christopher Halpin (IAC EVP, CFO and COO). Both the live audiocast and replay will be accessible to the public through Angi's investor relations website.

IAC has announced the release of its third quarter financial results and shareholder letter, available on their investor relations website. The company will host a conference call on November 12, 2024, at 8:30 a.m. ET to discuss Q3 results and address questions. The call will feature CEO Joey Levin, Angi Inc. CEO Jeffrey Kip, and IAC's CFO and COO Christopher Halpin. A live audiocast and replay will be accessible to the public through IAC's investor relations website.

IAC (NASDAQ: IAC) announced its participation in the Truist Securities Internet Growth Summit scheduled for Thursday, November 14, 2024. The company's Executive Vice President, CFO and COO, Chris Halpin, will engage in a fireside chat at 9:00 a.m. ET. The event will be accessible to the public through both live webcast and replay options, available in the IR section of IAC's website.

IAC (NASDAQ: IAC) has announced its plans to release third quarter 2024 financial results after market close on Monday, November 11, 2024. Simultaneously, CEO Joey Levin will publish a letter to shareholders, potentially including forward-looking information. The company will host a live conference call on Tuesday, November 12, 2024, at 8:30 a.m. ET to discuss the results. Interested parties can access the call via IAC's website or by dialing (833) 470-1428 in the U.S. or (404) 975-4839 internationally, using the conference ID 740271. An audio replay will be available for 7 days following the call.