[CNBC Television] Angi CEO on fixing what’s broken in the home project and services market

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Angi CEO Oisin Hanrahan discussed changes the company has made, including rebranding from Angie’s List, to gain a larger share of a home services market that presents a $500 billion opportunity. Subscribe to CNBC Pro to access the full episode of Mad Money: The internet service company known as Angie’s List has rebranded, revamped its website and launched a new app as it looks to further penetrate the home services industry. Under its new name, Angi wants to smooth out the home renovation process by offering consumers a single platform to connect with contractors, book and make payments. The opportunity has an addressable market of $500 billion, CEO Oisin Hanrahan told CNBC Wednesday. “This is a huge market … It’s everything you need done inside your home,” he said in a “Mad Money” interview. “This is an enormous market. It’s unbelievably broken.” The holding company changed its name from ANGI Homeservices to Angi Inc. It’s portfolio of services includes HomeAdvisor, Handy, Fixd Repair and HomeStars. Planning an improvement project can be stressful for the average homeowner, from finding a professional for the job to negotiating prices to figuring out financing for costly work. Hanrahan said Angi was designed to help streamline a job by letting consumers handle everything in one place. “There’s so much friction in the buying process,” said Hanrahan, putting emphasis on the importance of the customer experience. Angi said it has 250,000 businesses for hire on its platform, which was used by more than 18 million U.S. households last year. And with homebound consumers looking to remodel their living situations amid the pandemic, Angi saw double-digit growth in 2020. The company reported about $ billion in revenues for the year, up 10.7% from 2019. “If we make that experience unbelievably easy by supporting our pros, giving them great work, then our customers will keep coming back,” he said. “We’ll see us really change the category from one that’s incredibly fragmented to one that’s much more consolidated.” Shares of Angi fell % on Wednesday to close at $ per share. » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV