Angi Inc. (NASDAQ:ANGI) Q1 2024 Earnings Call Transcript

Joseph Levin: I just want to add one thing on that, which is, whether 8% versus 10% or 1 more day in the quarter or whatever, 8% growth in Core Sessions is excellent, where primarily U.S. businesses, generally, the Internet is not growing right now in terms of users. And so what you’re seeing happen is the folks who invested in content and we’ve invested an enormous amount in content and continue to invest an enormous amount in content, are being rewarded with increasing share of audience and we feel very good about that. And again, whether it’s 8% or 10% or whatever, growing in that environment and growing healthily in that environment is a real testament to a winning product.

Christopher Halpin: And then, Tom, question on Amazon’s and the demand side integrations for D/Cipher. Look, I think it’s credit to Neil and team that they’ve positioned us to be in the spot we are with D/Cipher, given the industry trends. The data science there, the technology that underlies it are very strong. And we know whether it’s Amazon as a brand or the brand that it represents through its retail media network or when you look across the whole brand ecosystem, companies are focused on privacy-friendly solutions and getting to — away from — getting to cookie-less platforms whenever that rolls out.

We continue to have productive conversations with other large demand-side platforms and creating the capabilities in their infrastructure to utilize D/Cipher and offer cookie-less-based targeting. It’s — we also think the integration of generative AI will be a positive in the perception of investors. And it’s just, head down, blocking and tackling, executing the integrations and explaining the story but we are very bullish on the dynamics.

Joseph Levin: Yes. This integration of generative AI just meant advertisers, not investors, although perhaps both.

Christopher Halpin: Of yes, sorry, advertisers. I have investors on my mind, but I meant advertisers.

Joseph Levin: Advertisers. Thank you all very much for joining us. I know it’s a busy morning and appreciate the questions and support and we’ll talk to you next quarter.

Christopher Halpin: Thanks all.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.