BUZZ-J.P. Morgan lowers stock ratings for Angi, Getty Images and Playstudios

Reuters2024-12-18

** Brokerage J.P.Morgan downgrades home services company Angi , stock image platform Getty Images and casual games developer Playstudios

** Downgrades Angi to "neutral" from "overweight"

** ANGI has taken significant steps to improve consumer experience and profitability in recent years, but revenue declines have been significant - J.P.Morgan

** Brokerage notes increased uncertainty from FCC's 1x1 consent rule and sooner than expected spin of IAC's 85% stake; says revenue growth is needed for ANGI shares to re-rate higher, but it's not expected until 2026

** Downgrades Getty to "underweight" from "neutral"

** Brokerage cites limited 2025 revenue growth and margin expansion, ongoing uncertainty on longer-term impact of generative AI on industry

** Brokerage downgrades Playstudios to "underweight" from "neutral"

** Cites pushed back playAWARDS monetization, underperforming Tetris titles and social casino headwinds persisting in 2025

** Sees MYPS revenue to decline 8% in 2025, which is 2% below estimates and lags mobile gaming industry growth in mid-single-digit percentages

** Up to last close, ANGI, GETY and MYPS stocks down 30.5%, 51% and 22.5%, respectively, YTD

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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says revenue growth is needed for ANGI shares to re-rate higher, but it's not expected until 2026    ** Downgrades Getty to \"underweight\" from \"neutral\"    ** Brokerage cites limited 2025 revenue growth and margin expansion, ongoing uncertainty on longer-term impact of generative AI on industry   ** Brokerage downgrades Playstudios to \"underweight\" from \"neutral\"   ** Cites pushed back playAWARDS monetization, underperforming Tetris titles and social casino headwinds persisting in 2025   ** Sees MYPS revenue to decline 8% in 2025, which is 2% below estimates and lags mobile gaming industry growth in mid-single-digit percentages   ** Up to last close, ANGI, GETY and MYPS stocks down 30.5%, 51% and 22.5%, respectively, YTD (Reporting by Neil J Kanatt in Bengaluru)((Neil.JKanatt@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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