ANGI - ANGI Homeservices Finds Silver Linings During a Challenging Time
Like much of the country, ANGI Homeservices (NASDAQ: ANGI) is looking forward to the economy reopening.
ANGI, which owns home-services sites like HomeAdvisor, Angie's List, and Handy, saw solid growth through the first two months of the year as revenue rose 19% and 21% in January and Feburary, respectively, but activity on the site nosedived once the pandemic hit.
Revenue growth in March slipped to just 1% and the company finished the quarter with 13% top-line growth. The results were enough to lift the stock as the home-services marketplace is now rebounding from the worst of the effects, with sales now growing in most of its categories.