INDIANAPOLIS -- Angie's List reported a third-quarter loss of $16.8 million in 2016, the company announced Tuesday.
The net loss is a big difference compared to the net income of $100,000 reported in the third quarter of 2015.
Since removing the paywall in June 2016, the Indianapolis-based reviews company has added two million more members, bringing its nationwide total to more than 4.5 million.
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In a statement released Tuesday, Scott Durchslag, CEO of Angie's List, said the company has decided to "explore strategic alternatives."
Angie's List hired two investment bankers, Allen & Company LLC and Bank of America Merrill Lynch to help.
