Angi Inc (ANGI)

Angi's (ANGI) shares plunged 33.07% with a 27% revenue dip to $375.1 million due to altered recognition. Services, roofing, and ads earnings also dropped. Slow housing market and high interest rates led to a 21% service requests decline and 22% fewer active professionals. Operating loss improved to $16.7 million, adjusted EBITDA increased to $18.3 million. Loss per share narrowed to $0.03, missing estimated $0.02.

https://www.fool.com/investing/2023/08/09/why-angi-stock-plunged-today/