earnings
confidence high
sentiment negative
materiality 0.80
Angi reports preliminary Q1 2022 trends: March service requests down 20% YoY
Angi Inc.
2022-Q1 EPS reported
-$0.07
revenue$436,159,000
- Total revenue growth slowed to 9% in March 2022 vs 18% in Sep 2021; Europe revenue turned negative -8%.
- Angi Service Requests declined 20% YoY in March, worsening from -2% in Dec 2021.
- Angi Monetized Transactions fell 14% YoY in March, reversing prior growth.
- Angi Advertising Service Professionals down 11% YoY in March, declining for six months.
- Angi Services revenue grew 102% YoY in March, but down from 148% in Sep 2021.