ANGI - Angi gains 5% as North America leads another monthly revenue gain

Angi (NASDAQ:ANGI) has risen 4.8% postmarket Tuesday following the release of its monthly metrics for March, where revenue growth moderated but still stayed positive despite a setback in Europe, and a drop in operating metrics. Revenue overall climbed 9% year-over-year in March on the strength of North American revenue that grew 10%. And that North American revenue was boosted by services revenues that (once again) more than doubled from the prior year. North American Ads and Leads revenues meanwhile, fell by 7%. Europe revenues declined 8%, a steeper drop than February's 3% decline. Meanwhile, service requests fell 20%, their worst decline in months, and monetized transactions dropped for the second straight month (by 14%). Transacting service professionals on the platform fell by 4%, while advertising service pros fell by 11%.

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Angi gains 5% as North America leads another monthly revenue gain