The Young and the Restless recap for Thursday, February 5, reveals Billy and Phyllis hit on what they think is a winning plan. Plus, Jack and Billy move forward, and Conner and Chelsea move into the old ranch house.
What Happened Today On The Young and the Restless?
Billy (Jason Thompson) and Phyllis (Michelle Stafford) discussed launching a niche streaming service. Billy wanted to position Abbott Communications as the antithesis of Newman Media, aiming to build a company based on truth and inclusivity.
Phyllis agreed, and she thought Daniel (Michael Graziadei) would like it too. They talked about how Daniel could contribute, and Phyllis was adamant that they help him find his role.
MORE: Find out what happens next on Y&R.
New Beginnings
At the Abbott mansion, Kyle (Michael Mealor) and Claire (Hayley Erin) had lunch. Jack (Peter Bergman) and Diane (Susan Walters) joined them. Jack reminisced about his father, sharing stories. Kyle admitted he had few memories of his grandfather.

Billy showed up, wanting to speak with Jack in private. He presented his business proposal, assuring Jack that it wasn’t about revenge. Jack acknowledged that their father would be proud and encouraged Billy to prove himself. The brothers shared a supportive hug.

Meanwhile, Diane talked to Kyle about redoing the house. Kyle wished her luck in convincing Jack. Diane saw Jack and Billy’s hug and smiled at their reconciliation.
At Crimson Lights, Summer (Allison Lanier) joined Daniel. They talked about Billy’s proposal. Daniel felt the plan lacked substance. He felt Billy was “mostly talk.” Summer reminded him of their mother’s enthusiasm and persistence.

Phyllis showed up, sharing details of her meeting with Billy and urging Daniel to join the venture. Despite Daniel’s reservations, Phyllis emphasized the opportunity for them to focus and move forward together.
A New Home
Adam (Mark Grossman) brought Chelsea (Melissa Claire Egan) and Connor (Judah Mackey) to the ranch house, welcoming them to their new home. Connor was happy about the arrangement. Chelsea voiced concerns that Connor might think they were reconciling. Adam assured her that he respected her boundaries. They agreed they needed time to heal from their past relationships before considering new ones and toasted to co-parenting.

Connor asked to visit Victor (Eric Braeden). Chelsea hesitated, but Connor persuaded her. At the new ranch, Victoria (Amelia Heinle) found Victor deep in thought. He reflected on how close he had come to dying but expressed gratitude for his long life. Victoria never wanted to lose him.
Adam, Chelsea, and Connor showed up, with Connor admiring Victor. Victor assured Connor that he always protected his family. After Connor explored the house, Victor privately asked Adam to downplay the problems with Ian (Ray Wise) and Jordan (Colleen Zenk). He wanted to avoid media attention. Adam said he’d already taken steps to keep matters under wraps.
In the solarium, Chelsea and Victoria talked about their children. Chelsea admitted her concerns about living with Adam but felt reassured by how much room she had at the ranch. Victoria pointed out that the arrangement might be beneficial. Of course, Victor said he thought Adam and Chelsea would eventually reconcile.
Back at the old ranch, Connor admired Victor, calling him a “badass.” He was also happy about their family being together. His parents hugged him.
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