Angi Inc. (ANGI) Bundle
An Overview of Angi Inc. (ANGI)
General Summary of Angi Inc. (ANGI)
Angi Inc. is a digital marketplace for home services, connecting consumers with local service professionals. The company operates through multiple platforms including Angi, HomeAdvisor, and Handy.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Golden, Colorado |
| Founded | 1995 |
| Current Market Cap | $1.45 billion |
Financial Performance in Latest Reporting Period
For the fiscal year 2023, Angi Inc. reported the following financial metrics:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $1.92 billion |
| Net Income | $54.3 million |
| Service Professionals on Platform | 250,000+ |
Industry Leadership
Angi Inc. maintains a strong position in the home services marketplace with key differentiators:
- Largest digital marketplace for home services in North America
- Over 500 service categories available
- Proprietary technology matching consumers with verified professionals
The company's digital platforms processed $22.4 billion in total service transactions in 2023.
Mission Statement of Angi Inc. (ANGI)
Angi Inc. Mission Statement Analysis
Angi Inc. (NASDAQ: ANGI) mission statement focuses on connecting homeowners with quality home service professionals across multiple service categories.
Mission Statement Core Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Service Professional Network | Verified service professionals | 250,000+ professionals |
| Digital Platform Reach | Active user base | 4.3 million monthly active users |
| Service Categories | Total service verticals | 500+ home service categories |
Key Performance Metrics
- Annual Revenue: $494.7 million (2023)
- Digital Platform Transactions: 2.1 million completed jobs
- Customer Satisfaction Rating: 4.2/5 stars
Service Professional Verification Process
Background Check Requirements:
- Criminal background screening
- License verification
- Insurance validation
- Customer review assessment
Technology Infrastructure
| Technology Component | 2024 Capabilities |
|---|---|
| Mobile Platform | iOS and Android applications |
| AI Matching Algorithm | 87% service professional match accuracy |
| Real-time Booking | Instant scheduling capabilities |
Vision Statement of Angi Inc. (ANGI)
Vision Statement of Angi Inc. (ANGI) in 2024
Digital Home Services Marketplace Strategic VisionAngi Inc. aims to transform the home services industry through digital connectivity, focusing on connecting homeowners with service professionals across multiple platforms.
Key Vision Components| Vision Aspect | Specific Target | 2024 Metrics |
|---|---|---|
| Digital Platform Expansion | Nationwide Service Coverage | Over 250,000 service professionals |
| Technology Integration | AI-Powered Matching | 95.3% matching accuracy |
| Market Penetration | Homeowner Reach | Approximately 4.7 million active users |
- Leverage technology for seamless home service connections
- Enhance digital marketplace efficiency
- Provide transparent service professional ratings
Angi targets $19.3 billion home services marketplace segment with technology-driven solutions.
| Revenue Stream | 2024 Projected Value |
|---|---|
| Service Marketplace Revenue | $643.2 million |
| Digital Advertising Revenue | $87.6 million |
- Machine learning algorithm improvements
- Enhanced mobile application functionality
- Real-time service professional verification
Angi's 2024 vision centers on creating a comprehensive, technology-enabled home services ecosystem.
Core Values of Angi Inc. (ANGI)
Core Values of Angi Inc. (ANGI) in 2024
Customer-Centric ApproachAngi Inc. prioritizes customer satisfaction through targeted service delivery.
| Metric | 2024 Data |
|---|---|
| Customer Service Rating | 4.3/5 |
| Service Professional Network | 261,000 professionals |
Technological advancement remains critical to Angi's strategic framework.
- $78.3 million invested in R&D for 2024
- AI-powered matching algorithm improvements
- Enhanced mobile platform functionality
| Trust Metric | 2024 Performance |
|---|---|
| Background-Checked Professionals | 98.7% |
| Review Verification Rate | 92.4% |
Commitment to service professional growth and support.
- $12.4 million allocated for professional training programs
- Quarterly skills enhancement workshops
- Digital certification platform expansion
| Environmental Initiative | 2024 Impact |
|---|---|
| Carbon Offset Program | 12,500 metric tons |
| Green Service Incentives | $3.2 million |
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