ANGI - A $500 Billion Addressable Market Awaits This Growth Stock
Nearly two months ago, Angi (NASDAQ: ANGI) , the company formerly known as ANGI Homeservices, announced a rebrand. The company refreshed its logo and brought together its two principal brands, Angie's List and HomeAdvisors, under the name Angi.
The rebrand was the first major step under new CEO Oisin Hanrahan, who wants to streamline the organization, focus its mission on delivering value for customers and service providers, and grow new pre-priced Angi Services, where the company books jobs itself and then hands them off to service providers.
Angi reported earnings last Thursday for the first time since the rebranding announcement, reporting revenue growth of 13% to $387 million with adjusted EBITDA down 33% $23.2 million, in part due to ongoing investments in Angi Services.
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A $500 Billion Addressable Market Awaits This Growth Stock