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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 1,111,589 $ 1,362,581 $ 2,195,860 $ 2,687,926
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 353,078 509,570 696,007 1,044,110
Selling and marketing expense 413,954 508,376 817,251 995,937
General and administrative expense 218,166 253,986 491,242 498,330
Product development expense 86,398 84,908 171,185 165,196
Depreciation 41,283 29,052 102,455 59,288
Amortization of intangibles 54,183 56,081 108,789 113,271
Goodwill impairment 0 86,748 0 86,748
Total operating costs and expenses 1,167,062 1,528,721 2,386,929 2,962,880
Operating loss (55,473) (166,140) (191,069) (274,954)
Interest expense (39,077) (23,517) (77,249) (45,429)
Unrealized (loss) gain on investment in MGM Resorts International (32,362) (825,305) 672,478 (1,012,635)
Other income (expense), net 10,985 (89,425) 34,734 (82,726)
(Loss) earnings before income taxes (115,927) (1,104,387) 438,894 (1,415,744)
Income tax benefit (provision) 24,297 228,988 (115,205) 299,452
Net (loss) earnings (91,630) (875,399) 323,689 (1,116,292)
Net loss attributable to noncontrolling interests 2,585 6,269 5,041 11,364
Net (loss) earnings attributable to IAC shareholders $ (89,045) $ (869,130) $ 328,730 $ (1,104,928)
Per share information attributable to IAC common stock and Class B common stock shareholders:        
Basic (loss) earnings per share (USD per share) $ (1.07) $ (10.02) $ 3.77 $ (12.73)
Diluted (loss) earnings per share (USD per share) $ (1.07) $ (10.02) $ 3.64 $ (12.73)
Stock-based compensation expense by function:        
Stock-based compensation expense $ 30,193 $ 31,656 $ 59,134 $ 61,343
Cost of revenue        
Stock-based compensation expense by function:        
Stock-based compensation expense 533 49 552 54
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,198 2,441 3,941 3,949
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 24,040 24,560 46,884 49,931
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 3,422 $ 4,606 $ 7,757 $ 7,409