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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Revenue
Dotdash Meredith
Digital			$	1,004,417					$	892,426					$	931,482
Print			794,045						823,456						1,026,128
Intersegment eliminations(a)			(21,233)						(20,989)						(22,911)
Total Dotdash Meredith			1,777,229						1,694,893						1,934,699
Care.com			369,620						375,039						362,570
Search			387,699						629,038						731,431
Emerging & Other			89,028						229,461						323,386
Intersegment eliminations(b)			(1,455)						(9,028)						(8,265)
Total			$	2,622,121					$	2,919,403					$	3,343,821

_____________________

(a)    Intersegment eliminations primarily relate to Dotdash Meredith Digital performance marketing commissions earned for the placement of magazine subscriptions for Dotdash Meredith Print.

(b)    Intersegment eliminations primarily relate to advertising sold by Dotdash Meredith to other IAC owned businesses.

The following table presents the revenue of the Company’s segments disaggregated by type of service:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Dotdash Meredith
Digital:
Advertising revenue			$	643,725					$	560,786					$	621,714
Performance marketing revenue			243,895						231,087						198,441
Licensing and other revenue			116,797						100,553						111,327
Total Digital revenue			1,004,417						892,426						931,482
Print:
Subscription revenue			327,079						329,357						422,700
Advertising revenue			174,889						203,210						260,282
Project and other revenue			155,090						128,354						154,807
Newsstand revenue			102,096						117,316						132,855
Performance marketing revenue			34,891						45,219						55,484
Total Print revenue			794,045						823,456						1,026,128
Intersegment eliminations(a)			(21,233)						(20,989)						(22,911)
Total Dotdash Meredith revenue			$	1,777,229					$	1,694,893					$	1,934,699
Care.com
Consumer revenue			$	191,274					$	210,455					$	217,691
Enterprise revenue			178,346						164,584						144,879
Total Care.com revenue			$	369,620		369620000			$	375,039					$	362,570
Search
Advertising revenue:
Google advertising revenue			$	376,970					$	582,481					$	525,987
Non-Google advertising revenue			9,280						44,068						200,435
Total advertising revenue			386,250						626,549						726,422
Other revenue			1,449						2,489						5,009
Total Search revenue			$	387,699					$	629,038					$	731,431
Emerging & Other
Subscription revenue			$	52,207					$	180,940					$	196,965
Marketplace revenue			11,509						14,172						70,180
Media production and distribution revenue			7,819						15,847						31,555
Advertising revenue:
Non-Google advertising revenue			7,367						12,568						16,057
Google advertising revenue			955						946						2,192
Total advertising revenue			8,322						13,514						18,249
Service and other revenue			9,171						4,988						6,437
Total Emerging & Other revenue			$	89,028					$	229,461					$	323,386

The following table presents the significant expenses included in the Company’s segment reporting performance measure, Segment Adjusted EBITDA, that are regularly provided to the CODM by the Company’s reportable segments:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Segment Expenses:
Dotdash Meredith
Digital:
Cost of revenue			$	272,225					$	240,985					$	309,100
Selling and marketing expense			221,862						192,204						196,696
General and administrative expense			97,932						102,751						127,671
Product development expense			123,005						113,517						111,319
Total Digital expenses			715,024						649,457						744,786
Print:
Cost of revenue			389,089						415,354						527,858
Selling and marketing expense			290,709						280,302						402,564
General and administrative expense			49,898						52,335						54,082
Product development expense			10,556						11,239						10,489
Total Print expenses			740,252						759,230						994,993
Other:
Other(c)			47,766						84,438						65,682
Intersegment eliminations			(21,233)						(20,989)						(22,911)
Total Dotdash Meredith expenses(d)			$	1,481,809					$	1,472,136					$	1,782,550
Care.com
Cost of revenue			$	79,167					$	91,494					$	88,806
Selling and marketing expense			99,612						108,320						108,840
General and administrative expense			91,146						60,826						57,788
Product development expense			54,514						58,194						60,237
Total Care.com expenses			$	324,439					$	318,834					$	315,671
Search
Traffic acquisition costs and online marketing(e)			$	328,573					$	536,099					$	596,080
Other segment items(f)			41,616						48,656						51,865
Total Search expenses			$	370,189					$	584,755					$	647,945

_____________________

(c)    Other comprises unallocated corporate expenses.

(d)    Includes certain lease impairment and restructuring charges for the years ended December 31, 2023 and 2022. See “Segment Reporting Performance Measure and Reconciliations” below for additional information.

(e)    Traffic acquisition costs include (i) payments made to partners who direct traffic to our Ask Media Group websites and who distribute our business-to-business customized browser-based applications and (ii) the amortization of fees paid to Apple and Google related to the distribution of apps and the facilitation of in-app purchases and online marketing includes fees paid to search engines and other online marketing platforms.

(f)    Search other segment items include compensation expense, excluding stock-based compensation, and other operating expenses.

Schedule of Adjusted EBITDA

The following table presents a summary of Segment Adjusted EBITDA:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Segment Adjusted EBITDA:
Dotdash Meredith
Digital			$	289,393					$	242,969					$	186,696
Print			53,793						64,226						31,135
Other(c)			(47,766)						(84,438)						(65,682)
Total Dotdash Meredith(g)(h)			295,420						222,757						152,149
Care.com			45,181						56,205						46,899
Search			17,510						44,283						83,486
Emerging & Other			(35,995)						(11,469)						(48,542)
Total Segment Adjusted EBITDA			$	322,116					$	311,776					$	233,992

_____________________

(g)    The year ended December 31, 2023 includes impairment charges of $44.7 million related to unoccupied leased office space at Dotdash Meredith Other. See “Note 2—Summary of Significant Accounting Policies” for additional information.

(h)    The year ended December 31, 2022 includes $32.2 million, $33.4 million and $7.6 million of restructuring charges and $1.1 million, $1.4 million and $4.7 million of transaction-related expenses in connection with the 2021 acquisition of Meredith at Dotdash Meredith Digital, Print and Other, respectively. See “Note 17—Dotdash Meredith Restructuring Charges, Transaction-Related Expenses and Change-in-Control Payments” for additional information.

Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)

The following table reconciles total Segment Adjusted EBITDA to (loss) earnings from continuing operations before income taxes:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Total Segment Adjusted EBITDA			$	322,116					$	311,776					$	233,992
Corporate Adjusted EBITDA loss			(90,305)						(98,048)						(86,191)
Stock-based compensation expense			(77,745)						(73,562)						(70,808)
Depreciation			(40,838)						(80,937)						(52,716)
Amortization of intangibles			(141,906)						(288,012)						(293,277)
Acquisition-related contingent consideration fair value adjustments			—						—						612
Goodwill impairment			—						(9,000)						(86,748)
Interest expense			(135,719)						(137,495)						(90,058)
Unrealized (loss) gain on investment in MGM Resorts International			(649,178)						721,668						(723,515)
Other income (expense), net			98,536						46,639						(218,963)
(Loss) earnings from continuing operations before income taxes			$	(715,039)					$	393,029					$	(1,387,672)

Schedule of Revenue and Long-lived Assets by Geographical Area

Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located.

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Revenue:
United States			$	2,318,885					$	2,469,053					$	2,933,027
All other countries			303,236						450,350						410,794
Total			$	2,622,121					$	2,919,403					$	3,343,821

			December 31,
			2024						2023
			(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States			$	535,608					$	598,828
All other countries			2,348						1,176
Total			$	537,956					$	600,004

Schedule of Capital Expenditures by Segment

The following table presents capital expenditures as viewed by the CODM:

			Year Ended December 31,
			2024						2023						2022
			(In thousands)
Capital expenditures:
Dotdash Meredith			$	14,293					$	10,370					$	12,885
Care.com			510						2,039						9,911
Search			—						—						17
Emerging & Other			—						7						198
Corporate			211						81,168						390
Total			$	15,014					$	93,584					$	23,401

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