Why Are Angi Shares Riding Higher Today?

by Anusuya Lahiri, Benzinga Editor

September 14, 2021 1:22 PM | 1 min read |

Angi Inc ANGI reported its IAC monthly metrics for August 2021. Angi's revenue grew 21% year on year as Marketplace revenue grew 24% Y/Y, Advertising and Other revenue increased 12% Y/Y, and Europe revenue grew 2% Y/Y.
Dotdash's revenue grew 29% Y/Y as Display Advertising revenue grew 37% Y/Y and Performance Marketing revenue rose 18% Y/Y.
Search revenue grew 67% Y/Y as Ask Media Group revenue climbed 101% Y/Y.
Emerging and Other revenue increased 33% Y/Y.
Price Action: ANGI shares traded higher by 7.43% at $11.50 on the last check Tuesday.

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