Angi Inc - ANGI STOCK NEWS

IAC posted its monthly metrics for November 2020, highlighting performance indicators for ANGI Homeservices (NASDAQ: ANGI). The company connects consumers with over 230,000 service providers across 500 categories in North America and Europe, facilitating over 25 million projects annually. IAC maintains majority ownership of ANGI, which operates renowned brands like HomeAdvisor, Angie’s List, and Handy. This emphasizes the company's vital role in the home services market, enhancing consumer access to quality professionals.

ANGI Homeservices (NASDAQ: ANGI) announced that CFO Jamie Cohen will step down effective January 1, 2021, to pursue another opportunity. Glenn H. Schiffman, CFO of IAC, will act as interim CFO while a search for Cohen's permanent replacement is conducted. Cohen will remain in her role until the year's end and then move to an advisory position to ensure a smooth transition. CEO Brandon Ridenour praised Cohen's contributions over nearly a decade, emphasizing her role in building a strong financial foundation for the company's growth.

On Nov. 16, 2020, HomeAdvisor, a subsidiary of ANGI Homeservices (NASDAQ: ANGI), released its 2020 State of Home Spending Report. The report reveals that average spending on home services surged to $13,138 in 2020, up from $9,081 in 2019, driven by increased home improvement due to COVID-19. Key findings include 30% of projects being delayed or unstarted due to the pandemic, with a significant shift in consumer spending from entertainment to home services. Millennials are leading in home improvement expenditures, averaging $10,000.

ANGI Homeservices will participate in the Needham Virtual Internet Services Conference on November 16, 2020. CEO Brandon Ridenour is scheduled for a fireside chat at 10:00 a.m. ET. This event will be accessible via a live webcast on Needham’s website, with a replay available afterward. ANGI Homeservices connects consumers with over 230,000 service professionals for various home improvement tasks, facilitating 25 million projects annually across multiple brands. The company is headquartered in Denver, Colorado.

On November 5, 2020, ANGI Homeservices reported its third quarter financial results. The details are available on their investor relations website. A virtual conference call is scheduled for November 6, 2020, at 8:30 a.m. ET, where key executives will discuss quarterly performance and answer questions. ANGI Homeservices connects consumers with over 230,000 service professionals for home improvement projects across North America and Europe, facilitating more than 25 million projects annually.

ANGI Homeservices will release its third quarter results on November 5, 2020. The announcement will follow after market trading closes.

A virtual conference call will be held on November 6, 2020, at 8:30 a.m. EST, co-hosted by ANGI Homeservices and IAC, allowing stakeholders to discuss the third quarter results.

ANGI operates across North America and Europe, connecting consumers with over 230,000 service professionals for home improvement projects. The company emphasizes its role in transforming the home services marketplace.

HomeAdvisor, a digital marketplace under ANGI Homeservices (NASDAQ: ANGI), has expanded its payment tool, HomeAdvisor Pay, enabling service pros to accept payments from all homeowners nationwide. Since its launch in April 2020, it has processed approximately $100,000 daily, facilitating millions in total payments. This tool offers a contactless payment option, addressing consumer preferences heightened by the COVID-19 pandemic. A survey indicates that 92% of homeowners plan to hire pros this year, pushing demand for digital solutions.

IAC released September metrics for ANGI Homeservices, highlighting its extensive network of over 230,000 service professionals across North America and Europe. The platforms facilitate consumer connections for home improvement projects, enabling more than 25 million projects annually. IAC, which owns several brands including HomeAdvisor and Angie’s List, emphasizes its role in transforming the home service industry through effective matchmaking. This report underscores the company's commitment to connecting consumers with quality home service pros.

HomeAdvisor released a report titled Skilled Trades in America, examining job opportunities within the $500 billion home services industry. The survey revealed that 82% of skilled trades professionals are satisfied with their careers, yet 71% report a shortage of skilled labor. Only 10% of workers in certain trades are women, highlighting diversity issues. Recommendations include improved recruitment via vocational programs in high schools and enhancing the perception of blue-collar work. The report is based on responses from 3,766 professionals during late 2019 and early 2020.