Breaking AnalysisMarketing, Local Search & GrowthAngi Leads Fell 13% and It Took a $235 Million Write-Down. Now the Marketplace Is Trying to Sell More Than Leads.JPMorgan initiated Angi at Underweight after a quarter in which revenue fell 11%, total leads fell 13% and the company recorded a $235.2 million non-cash impairment. The contractor story is bigger than the stock: Angi is trying to move its economics from selling contact opportunities toward helping pros win the job.TradeVulcan Dispatch Editorial Desk14 minTopic
Home Services Marketplaces
Published Dispatch coverage connected to Home Services Marketplaces.
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Breaking AnalysisMarketing, Local Search & GrowthAngi Leads Fell 13% and It Took a $235 Million Write-Down. Now the Marketplace Is Trying to Sell More Than Leads.JPMorgan initiated Angi at Underweight after a quarter in which revenue fell 11%, total leads fell 13% and the company recorded a $235.2 million non-cash impairment. The contractor story is bigger than the stock: Angi is trying to move its economics from selling contact opportunities toward helping pros win the job.TradeVulcan Dispatch Editorial Desk14 min