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.
Angi Inc. (NASDAQ: ANGI) is a premier platform connecting homeowners with quality home service professionals across various categories, including repair, remodeling, cleaning, and landscaping. Angi Inc. operates through three primary segments: Ads and Leads, Services, and International (Europe and Canada). With a robust network of over 230,000 service professionals, Angi facilitates the process of researching, finding, and hiring skilled pros for a range of home projects, from minor repairs to major renovations.
Founded in 1995, Angi Inc. has grown significantly, helping over 150 million people maintain and improve their homes. The company also supports hundreds of thousands of small local businesses, fostering their growth by connecting them with a steady stream of clients. Angi's extensive brand portfolio includes Angi, HomeAdvisor, and Handy, making it a trusted name in home services.
Angi Inc. recently posted its fourth quarter financial results, highlighting its continued commitment to transparency and investor relations. The company, alongside IAC, hosted a conference call to discuss the results, led by key leaders such as Joey Levin, CEO of IAC and Angi Inc., and Christopher Halpin, EVP, CFO, and COO of IAC.
In its latest initiatives, Angi has launched the Angi Trade Up Scholarship Program and expanded its partnership with BlueRecruit to address the skilled labor shortage in the trades industry. These efforts are aimed at raising awareness about the benefits of careers in the trades and providing support to prospective students. The Angi Trade Up Digital Career Fair, part of this initiative, connects job seekers with Angi's network of home service pros, fostering new opportunities and growth in the industry.
With a focus on innovation, customer satisfaction, and industry growth, Angi Inc. continues to be a leading force in the home services market, ensuring that homeowners receive quality service and professionals have the tools and opportunities to succeed.
Handy, part of Angi, has partnered with Gotham Properties to offer home services to tenants. Residents can book Handy professionals for services such as furniture assembly and cleaning through Handy.com, starting at $99 for two hours. The service operates seven days a week, from 7:00am to 11:00pm ET. This collaboration aims to enhance living experiences by providing easy access to quality home services. Handy has also established a safety standard in response to COVID-19, ensuring a secure environment for customers and professionals.
Angi Inc. (NASDAQ: ANGI) has acquired an additional 20% interest in its MyBuilder business, a UK marketplace for vetted tradesmen. This deal, which follows Angi's initial 75% stake purchase in 2017, incurs a one-time expense affecting Adjusted EBITDA and operating income by approximately $6 million for Q1 2021. The acquisition aims to strengthen Angi's position in home services in the UK.
Angi Inc. (NASDAQ: ANGI) has appointed Kulesh Shanmugasundaram as its new Chief Technology Officer, emphasizing a commitment to bolster technology leadership for enhanced product innovation. Mr. Shanmugasundaram, who brings 20 years of experience, previously served as CTO at Handy, an Angi subsidiary. His role will involve overseeing technology strategy and operations to improve customer experiences through advanced features. CEO Oisin Hanrahan highlighted the need for a strong technical foundation to support Angi's growth in home care and improvement services.
Angie's List has rebranded as Angi, marking a new chapter in home services. The parent company, now Angi Inc. (NASDAQ: ANGI), introduces a revamped mobile app that simplifies access to service professionals. Features include pre-priced services, in-app messaging, payment tools, and financing options. With a focus on transforming the $500 billion home improvement market, Angi aims to enhance consumer experiences by providing comprehensive digital solutions for various home care needs. The rebranding reflects the company’s commitment to modernizing how consumers engage with home services.
On March 17, 2021, Angie's List rebranded itself as Angi, aiming to enhance the home care experience. CEO Oisin Hanrahan emphasized the mission to simplify home management through a new app featuring instant job purchases, financing options, and seamless communication with service providers. Angi plans to capitalize on the $500 billion home services market, transitioning HomeAdvisor to "HomeAdvisor, powered by Angi". The rebranding reflects a commitment to modern consumer expectations, transforming how people hire and pay for home services.
Flywheel Capital has acquired a 127,000-sf office property at 14023 & 14033 Denver West Parkway in Lakewood, Colorado. The asset is fully leased to a reputable home services company, indicating a stable income stream. John Fefley from Flywheel noted the investment offers a long-term yield due to the credit-worthy tenant. This acquisition marks their second transaction in Metro Denver in six months, reflecting confidence in the area's growth potential. Flywheel aims to expand further within the office and industrial sectors, contributing to Colorado's economic health.
IAC reported February 2021 metrics for ANGI Homeservices (NASDAQ: ANGI), noting that the company connects consumers with home service professionals across over 500 categories. ANGI's platforms facilitated over 30 million projects in the previous year. The marketplace consists of nearly 250,000 service providers aimed at enhancing consumer-to-pro connections. IAC maintains majority ownership of ANGI and continues to expand its portfolio, including well-known brands like HomeAdvisor and Angie’s List.
ANGI Homeservices (NASDAQ: ANGI) is set to participate in the Wedbush Real Estate Technology Conference on March 4, 2021. Glenn H. Schiffman, Executive Vice President and CFO of IAC and interim CFO of ANGI Homeservices, will engage in a fireside chat at 10:00 a.m. ET. This virtual event will be accessible to the public via live webcast at ANGI's investor relations site. ANGI Homeservices connects consumers with over 230,000 service professionals across North America and Europe.
ANGI Homeservices has appointed Oisin Hanrahan as the new CEO, effective immediately, succeeding Brandon Ridenour, who stepped down. Hanrahan, previously the Chief Product Officer, will also join the Board of Directors. The leadership changes aim to strengthen the company’s strategic growth focus, with Bryan Ellis now Chief Revenue Officer – Marketplace and Umang Dua as Chief Revenue Officer – ANGI Services. The management transitions underscore ANGI's commitment to enhancing homeowner experiences and its relevance in the home improvement sector.
HomeAdvisor has relaunched its annual True Cost Report, providing insights on the costs of home projects. Chief Economist Mischa Fisher highlights the challenges homeowners face in understanding fair pricing. Key findings include average costs for top projects: $2,007 for interior painting, $13,401 for bathroom remodels, and $4,680 for new flooring. The report notes that from 2019 to 2020, certain projects saw price rises, while others, like smart home systems, experienced price drops. It also discusses the impact of the COVID-19 pandemic on service costs, primarily due to material scarcity.
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