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.
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.
OnDeck has announced a partnership with HomeAdvisor to provide financing options for home service professionals. This collaboration aims to support small businesses recovering from the pandemic by giving them access to transparent and flexible financing solutions. With nearly 15 years of experience, OnDeck has issued over $13 billion in loans, helping businesses grow. This partnership aligns with growing demand for financing in the contracting and building sectors, facilitating easier access to capital for professionals using HomeAdvisor's platform.
ANGI Homeservices (NASDAQ: ANGI) announced its fourth quarter financial results on February 3, 2021. The company has transformed how consumers find home service professionals, relying on over 230,000 service providers across 500 categories. ANGI connects consumers to over 25 million projects annually, significantly influencing the home service market. A virtual conference call will be held on February 4, 2021, at 8:30 a.m. ET, involving key executives from ANGI and IAC to discuss the financial results.
ANGI Homeservices (NASDAQ: ANGI) will release its fourth quarter results after market close on February 3, 2021. A virtual conference call with IAC will occur on February 4, 2021, at 8:30 a.m. ET to discuss these results. The company connects consumers with home service professionals in over 500 categories, facilitating more than 25 million projects annually through its various platforms, including HomeAdvisor and Angie’s List.
IAC has released its monthly metrics for December 2020, highlighting the performance of ANGI Homeservices Inc. (NASDAQ: ANGI). The company connects consumers with home service professionals across various categories, hosting over 230,000 service providers. ANGI's platforms facilitate over 25 million projects annually, significantly enhancing consumer access to home improvement services. The company operates notable brands like HomeAdvisor, Angie’s List, Handy, and Fixd Repair, redefining home service hiring practices.
HomeAdvisor, a digital home services marketplace under ANGI Homeservices (NASDAQ: ANGI), has partnered with Affirm to introduce flexible payment options for customers. This initiative allows homeowners to finance projects using HomeAdvisor Pay, choosing terms from three to 36 months, with a $5,000 project example costing $452 monthly at 15% APR. Since its launch in April 2020, HomeAdvisor Pay has processed $1 million weekly. This partnership aims to enhance payment transparency and ease, addressing the financial stress of home improvement projects.
IAC posted its monthly metrics for November 2020, highlighting performance indicators for ANGI Homeservices (NASDAQ: ANGI). The company connects consumers with over 230,000 service providers across 500 categories in North America and Europe, facilitating over 25 million projects annually. IAC maintains majority ownership of ANGI, which operates renowned brands like HomeAdvisor, Angie’s List, and Handy. This emphasizes the company's vital role in the home services market, enhancing consumer access to quality professionals.
ANGI Homeservices (NASDAQ: ANGI) announced that CFO Jamie Cohen will step down effective January 1, 2021, to pursue another opportunity. Glenn H. Schiffman, CFO of IAC, will act as interim CFO while a search for Cohen's permanent replacement is conducted. Cohen will remain in her role until the year's end and then move to an advisory position to ensure a smooth transition. CEO Brandon Ridenour praised Cohen's contributions over nearly a decade, emphasizing her role in building a strong financial foundation for the company's growth.
On Nov. 16, 2020, HomeAdvisor, a subsidiary of ANGI Homeservices (NASDAQ: ANGI), released its 2020 State of Home Spending Report. The report reveals that average spending on home services surged to $13,138 in 2020, up from $9,081 in 2019, driven by increased home improvement due to COVID-19. Key findings include 30% of projects being delayed or unstarted due to the pandemic, with a significant shift in consumer spending from entertainment to home services. Millennials are leading in home improvement expenditures, averaging $10,000.
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