Angi Stock Soars 23.47% on Better-Than-Expected Revenue
1min read On May 7, 2025, Angi's stock surged by 23.47% in pre-market trading, marking a significant rise in investor confidence.
Angi, the home services online marketplace, reported better-than-expected revenue for the first quarter of 2025, although sales decreased by 19.5% year over year. This financial performance indicates that despite the decline in sales, the company managed to exceed market expectations, which likely contributed to the stock's pre-market surge.
Angi's ability to beat revenue expectations in a challenging market environment suggests that the company may have effective cost management strategies or other operational efficiencies that are helping to mitigate the impact of declining sales. This positive financial performance, coupled with investor optimism, likely drove the stock's significant pre-market increase.
