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Angi Inc   (ANGI)
Other Ticker:  
 
    Sector  Services    Industry Advertising
   Industry Advertising
   Sector  Services
 
Price: $2.1800 $0.13 6.341%
Day's High: $2.21 Week Perf: -1.8 %
Day's Low: $ 2.08 30 Day Perf: 5.83 %
Volume (M): 971 52 Wk High: $ 4.18
Volume (M$): $ 2,117 52 Wk Avg: $2.52
Open: $2.10 52 Wk Low: $1.54



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 4,600
 Revenues (TTM) (Millions $) 1,443
 Net Income (TTM) (Millions $) -36
 Cash Flow (TTM) (Millions $) 89
 Capital Exp. (TTM) (Millions $) 49

Angi Inc
Angi Inc. links excellent home service experts with clients in over 500 distinct categories, including home repair and remodeling, cleaning, and gardening. In the United States, the Company provides consumers with tools and resources to help them find local, pre-screened, and customer-rated service professionals, matches consumers with independently established home services professionals engaged in a trade, occupation, and/or businesses that customarily provides such services, and provides consumers with tools to communicate with service professionals and pay for related services through several differentiated experiences: an Advertising and Leads experience, in which service professionals pay for consumer connections; 'a Services experience, in which consumers pay for a specific task through the Angi platform, and the Angi platform distributes that work to a service professional.

This business connects consumers with service professionals for local services through our nationwide online directory of service professionals across more than 500 service categories, as well as provides consumers with valuable tools, services and content (including verified reviews of local service professionals), to help them research, shop and hire for local services. Consumers can access our nationwide online directory and related basic tools and services free of charge upon registration, as well as by way of purchased membership packages. Our Ads business also sells term-based website and mobile and digital magazine advertising to service professionals, as well as provides them with quoting, invoicing, and payment services. Our Leads digital marketplace service connects consumers with service professionals nationwide for home repair, maintenance, and improvement projects. Our Leads business provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, as well as instantly book appointments online, connect with service professionals instantly by telephone, and access several home services-related resources, such as cost guides for different home services projects.
Consumer Services
Consumers can search for a service professional in our nationwide online directory and/or be matched with a service professional through our digital marketplace and certain third-party affiliate platforms. They also have access to related basic tools and services, ratings, reviews, and certain promotions. This includes consumers access to Angi's online True Cost Guide, which provides project cost information for more than 400 project types nationwide, as well as a library of home services-related content consisting primarily of articles about home improvement, repair and maintenance, tools to assist consumers with the research, planning and management of their projects and general advice for working with service professionals.
Matches are made by way of our proprietary algorithm, based on several factors (including the type of services desired, location and the number of service professionals available to fulfill the request). Depending on the nature of the service request and the path through which it was submitted, consumers are generally matched with service professionals from the Leads digital marketplace, a Services service professional or a combination of Ads and Leads service professionals (as and if available for the given service request). In all cases, service professionals may contact consumers with whom they have been matched with directly and consumers can generally review profiles, ratings and reviews of presented service professionals and select the service professional whom they believe best meets their specific needs. Consumers are under no obligation to work with any service professional(s) referred by or found through any Angi branded or third-party affiliate platform. Consumers are responsible for booking the service and for paying the service professional directly, which can be done by consumers independently.

Service Professional Services
Our Ads and Leads business sells term-based website, mobile, and magazine advertising to certified service professionals, as well as provides them with a variety of services and tools, including quoting, invoicing, and payment services. In order to become a certified service professional in the Angi network, service professionals must satisfy certain criteria. Generally, service professionals with an average consumer rating below a '3' are not eligible for certification. In addition to retaining the requisite member rating, service professionals must validate their home services experiences and the owners or principals of businesses affiliated with service professionals must pass certain criminal background checks and attest to applicable state and local licensure requirements.
Once eligibility criteria are satisfied, service professionals become certified and can purchase term-based advertising contracts and be matched with consumers. If a certified service professional fails to meet any eligibility criteria during the applicable contract term, refuses to participate in our complaint resolution process, and/or engages in what we determine to be prohibited behavior through any Angi platform, existing advertising and exclusive promotions will be suspended, and the related advertising contract will be subject to termination.
Certified service professionals rotate among the first service professionals listed in our nationwide online directory search results for an applicable category (together with their company name, overall rating, number of reviews, certification badge and basic profile information), with non-certified service professionals appearing below certified service professionals in directory search results. Certified service professionals can also provide exclusive promotions to members. When consumers choose to be matched with a service professional, our proprietary algorithm will determine where a given service professional appears within related results.


   Company Address: 3601 Walnut Street Denver 80205 CO
   Company Phone Number: 963-7200   Stock Exchange / Ticker: NASDAQ ANGI
   


   

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Product Service News

Skilled Trades Satisfaction High Despite Revenue Decline, Angi Report Reveals'

Published Tue, May 21 2024 1:00 PM UTC

''A recently published report by Angi, a prominent company that offers comprehensive solutions for home improvement and maintenance, sheds light on the satisfaction levels within the skilled trades industry. According to Angi's Skilled Trades in America Report, nearly 90% of skilled tradespeople express satisfaction in their careers, highlighting a notably positive outlook w...

Product Service News

Angi Enhances the Trades Industry: Expanding Partnerships and Launching Scholarship Program to Boost Hiring

Published Mon, May 6 2024 8:10 PM UTC

Angi Inc's Suppliers recorded an impressive increase in sales by 12.6% year on year in Q3 2023, with sequential sales growing by 6.38%. These figures highlight the success of Angi's platform and the increasing demand for trades services. However, it is important to note that Angi Inc's cost of sales experienced a decline of -74.33% year on year. In comparison, the cost of sa...

Angi Inc

Angi Inc Overcomes Revenue Decline and Share Performance Slump with Vanishing Deficit in Q3 20232.

Angi Inc Reports Improved Third Quarter Results but Faces Declining Revenue and Share Performance
Denver, CO, October 18, 2023 - Angi Inc. (NASDAQ: ANGI) has released its financial results for the third quarter of 2023, showcasing a decrease in loss per share and an improvement in earnings per share compared to the previous year. However, the company has experienced a significant decline in revenue and a concerning drop in its share performance.
For the third quarter, Angi Inc. reported a loss per share of $-0.01, marking a substantial improvement from the $-0.03 loss per share recorded in the same period a year ago. Additionally, earnings per share increased from $-0.03 in the preceding reporting period. These positive financial indicators indicate that Angi Inc. is taking steps towards profitability and financial stability.

Angi Inc

Angi Inc Faces Declining Orders and Increase in Deficit, but Manages Financial Position Well

Article: Angi Inc Reports Declining Orders and an Increase in Deficit for Q2 2023
Angi Inc, a leading online marketplace for home services, recently released its financial results for the fiscal three months ending June 30, 2023. The company faced challenges as declining orders contributed to an increase in its deficit during this period.
According to the financial report, Angi Inc's deficit per share improved slightly, declining from $-0.05 to $-0.03 compared to the same period in the previous year. However, this improvement was overshadowed by a significant decrease in revenue. The company's revenue fell by -27.41% to $374.41 million, down from $515.78 million in the previous year.
Compared to the first quarter of 2023, revenue also declined by -4.587% from $392.41 million. The decline in revenue contributed to the increase in deficit per share during this period. However, the deficit remains relatively small, suggesting that Angi Inc is managing its financial position reasonably well.

Angi Inc

Angi Inc Shows Resilience in Challenging Home Services Market - Reducing Losses Amidst Revenue Decline

Angi Inc, a leading American home services marketplace that connects millions of homeowners with service professionals for their home improvement and repair needs, recently announced its financial results for the first quarter of 2023 earnings season. Despite a decline in revenue, the company managed to cut its losses, which is a positive sign for investors.
In the first quarter of 2023 earnings season, Angi Inc reported a deficit per share of $-0.03 compared to $-0.07 in the same reporting season a year ago. The company's revenue also decreased by -10.031% to $392.41 million compared to $436.16 million in the similar reporting season a year prior. However, EPS improved from $-0.12 per share in the preceding quarter, indicating a positive trend.
Moreover, the company's net deficit for the first quarter of 2023 was $-15.000 million, which was significantly lower than the $-33.287 million in the same reporting season a year ago. This is a noteworthy improvement that indicates a positive shift in the company's financial performance.






 

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