{
Angi Inc.

Companies

}
001122334455554433221100
001122334455554433221100
Symbol ANGI
Name Angi Inc.
Currency USD
Sector Communication Services
IndustryGroup Telecommunication Services
Industry Diversified Telecommunication Services
Market NASDAQ Global Select
Country United States
State CO
City Denver
Zipcode 80205
Website http://www.angi.com
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IAC considers spinoff of home improvement marketplace Angi amid revenue decline

IAC is considering a spinoff of Angi, its home improvement marketplace, which connects consumers with local service providers. The company, which owns 85% of Angi, noted that the spinoff could enhance shareholder value, although no specific timeline has been set. Angi's revenue fell 16% year over year to $296.7 million, attributed to reduced marketing spend, but it remains profitable with earnings of 7 cents per share.
CNBC
United States Dollar IAC/Interactivecorp Angi Inc. LendingTree, Inc. Match Group, Inc. Expedia Group, Inc. USA Joey Levin Barry Diller Show more
Finance & Economy, News Article
22:05 11.11.2024
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