Revenues Estimates for Angie’s List Adjusted by $1 Million After 1% Drop in Member Retention
Two years ago this month, online subscription pioneer Angie’s List went public, which meant a cash influx and much more media coverage of the company’s highs and lows. This week, analysts said they were disappointed with the company’s expected fourth quarter performance, as forecasts predict $68 million to $69 million in revenue, instead of the earlier predictions of $70 million. The drop in revenue is attributed to a drop in renewal rates of first-year members from…
