ANGI - Angi gains 4% as February revenue growth accelerated

Angi (NASDAQ:ANGI) is up 4.3% postmarket after posting its monthly metrics for February, featuring its fastest year-over-year revenue acceleration since September. Revenues grew at an 18% clip compared to the same month in 2021, thanks to North America, where revenues were up 20% from the prior period. Europe revenues continue to show some volatility, declining 3% year-over-year. While Ads and Leads were near flat again (ticking up 1%), Angi Services once again doubled for the sixth time in seven months - up 132% year-over-year. That came even as operating metrics showed declines: Service requests were down 11%, and monetized transactions were down 2% from the prior year. Transacting service professionals on the platform dropped 3%, and advertising service professionals declined by 6%.

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Angi gains 4% as February revenue growth accelerated