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Thursday, October 25, 2012

Angie's List (Nasdaq:ANGI) Makes NASDAQ Top Percentage Gainer List on Third Quarter Results

New York, New York - October 25, 2012 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top percentage gainers for October 25h. Angie's List, Inc. (NasdaqGM: ANGI) makes the top five list, trading at $11.39, gaining $2.30 or 25.30% as of 1:26PM EDT. The stock had a morning high of $11.94 following third quarter results being released.

Summary:
  • Third quarter and year-to-date revenues increased to $42.0 and $109.6 million, up 75% over the prior year quarter.
  • Third quarter and year-to-date service provider revenue increased to $29.3 and $75.6 million, up 96% over the prior year quarter.
  • Total paid memberships of 1,656,768 at September 30, 2012, up 68% year-over-year.
  • Cost per acquisition ("CPA") in the third quarter was $76, a decrease of 3% over the prior year period, despite an increased marketing spend of 39%.
Angie's List helps consumers have happy transactions with local service professionals in more than 550 categories of service, ranging from home improvement to health care. More than 1.5 million subscribers across the U.S. share their consumer experiences and use Angie's List to gain unlimited access to local ratings, exclusive discounts, the Angie's List magazine, the Angie's List complaint resolution service and information about how to make the most of their home improvement projects.
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