Angi Inc., a multi-brand platform connecting consumers with home service professionals, experienced a notable rebound in operating income and net profit in FY2025 following its March 2025 spin-off from IAC. The company's revenue declined year-over-year as it restructured and adjusted its business model, particularly within its U.S. segment, while maintaining solid international contributions. Despite generating positive operating cash flow, capital expenditures and sizable share repurchases exerted pressure on free cash flow. Angi’s competitive moat hinges on its extensive network of pre-screened pros and integrated consumer tools, but cybersecurity risks and competitive dynamics remain challenges to watch. Its capital strategy prioritizes aggressive buybacks over dividends amid ample liquidity and manageable debt.