Angi Inc. (NASDAQ:ANGI) Q4 2022 Earnings Call Transcript

And that’s a good segue to your second question, which is, I’m still spending real time on M&A whether it’s for Angi or for generally and I’d say certainly much more weighted towards generally. And we are continuing to look for opportunities. There is €“ we are not in a rush. We said that last time, we’re saying that again. I think we’re in this current pricing period for a while. I don’t think the market is going to run away from us on price. And I do think that there are things that are starting to be priced attractively for us. The issue now isn’t so much that the pricing is out there. It’s the people’s willingness to transact and I think willingness to transact becomes much more pronounced as the prior market fades further into the rearview mirror.

There has been a lot of volatility in the markets lately and things going up and down very quickly, but that also I think generally favors people transacting because they know they start to realize things can come and go relatively quickly and it’s not the mindset that fit in over the last 10 years, which is everything only eventually goes up. I think that there’s an adjustment that’s happened. I think more time passes, more stuff in the rearview mirror, more ability to transact, and we’re patiently looking at things. And there are real opportunities that hopefully will have a chance to transact that.

Tom Champion: Great. Thank you.

Joey Levin: I think that does it. Happy Valentine’s Day, everybody. Thanks for spending your morning with us, and we will see you next quarter.

Christopher Halpin: Thanks, everyone.

Operator: Thank you. This concludes today’s conference call. We thank you all for attending today’s presentation. You may now disconnect your lines and have a wonderful day.