ANGI - Angi Earnings: Services Takes Center Stage
Since Angi (NASDAQ: ANGI) rebranded earlier this year, one initiative has taken precedent above all others: Angi Services.
Angi Services, the direct-booking model that the company began ramping up last year, differs from the company's core business of selling ads and generating leads for home service professionals. Angi Services has the ability to increase customer satisfaction on both ends of its marketplace, providing a better experience for homeowners looking for a simple way to get work done and for service pros who appreciate a booked job being brought to them.
It also gives the company direct exposure to a $500 billion addressable market across home services as opposed to just selling ads and leads, as CEO Oisin Hanrahan explained on the earnings call.
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Angi Earnings: Services Takes Center Stage