Welcome to our dedicated page for Angi news (Ticker: ANGI), a resource for investors and traders seeking the latest updates and insights on Angi stock.
About Angi Inc. (NASDAQ: ANGI)
Angi Inc. is a leading digital platform dedicated to simplifying the homeownership experience by connecting homeowners with a vast network of skilled service professionals. From small repairs to large-scale renovations, Angi empowers homeowners to find, hire, and manage home service providers with ease. Operating under well-known brands such as Angi, HomeAdvisor, and Handy, the company offers a comprehensive solution for researching, booking, and completing home improvement projects.
Business Model and Revenue Streams
Angi's business model is built on three primary revenue segments: Ads and Leads, Services, and International. The 'Ads and Leads' segment generates the majority of the company's revenue by connecting service professionals with homeowners seeking their expertise. Through subscription-based advertising and lead generation, Angi enables service providers to grow their businesses while ensuring homeowners receive quality service. Additionally, the 'Services' segment offers pre-priced options, allowing customers to book and pay for services directly through the platform. The company also has a growing international presence, particularly in Europe and Canada, further diversifying its revenue streams.
Industry Context and Market Position
Angi operates within the expansive and evolving home services industry, which encompasses everything from home repairs and cleaning to landscaping and remodeling. With the rising trend of homeowners opting to renovate rather than relocate, Angi is well-positioned to capitalize on the increasing demand for reliable and convenient home services. The company addresses common homeowner pain points, such as the stress of finding trustworthy professionals and managing project costs, by offering a seamless digital experience and a robust network of over 230,000 vetted service providers.
Competitive Landscape and Differentiation
In a competitive market that includes platforms like Thumbtack and TaskRabbit, Angi distinguishes itself through its extensive professional network, user-friendly platform, and commitment to quality. The company also invests in initiatives to address industry challenges, such as the skilled labor shortage, through programs like the Angi Trade Up Scholarship. This initiative not only supports the next generation of tradespeople but also reinforces Angi's role as a leader in the home services ecosystem.
Commitment to Homeowners and Service Providers
Angi's mission extends beyond connecting homeowners with service professionals. The platform provides tools for cost research, project inspiration, and seamless booking, ensuring a positive experience for both customers and professionals. By fostering trust and transparency, Angi helps homeowners achieve their project goals while enabling service providers to grow and thrive in their businesses.
Looking Ahead
With over 25 years of experience in the home services industry, Angi continues to innovate and adapt to the changing needs of homeowners and professionals. The company's focus on sustainability, technology integration, and support for skilled trades positions it as a key player in shaping the future of homeownership and home improvement.
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.
IAC, a NASDAQ-listed company, has announced its participation in the Goldman Sachs Communacopia & Technology Conference on September 10, 2024. Christopher Halpin, IAC's Executive Vice President, CFO and COO, will take part in a fireside chat at 8:10 a.m. PT.
The event will be accessible to the public through a live webcast, with a replay option available afterwards. Interested parties can view the fireside chat by visiting the IR section of IAC's website at https://ir.iac.com/events-and-presentations.
This participation highlights IAC's engagement with investors and industry professionals, providing an opportunity for the company to share insights and updates on its operations and strategy.
IAC, a NASDAQ-listed company, has announced its participation in Citi's 2024 Global TMT and GEMS Conference on Friday, September 6, 2024. The event will feature a fireside chat with Neil Vogel, CEO of Dotdash Meredith, scheduled for 10:00 a.m. ET.
Investors and interested parties can access both a live webcast and replay of the fireside chat through the IR section of IAC's website. This participation provides an opportunity for IAC to showcase its strategies and insights to a global audience of technology, media, and telecommunications industry professionals.
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