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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue $ 2,622,121 $ 2,919,403 $ 3,343,821
Operating costs and expenses:      
Cost of revenue (exclusive of depreciation shown separately below) 1,002,412 1,219,231 1,495,645
Selling and marketing expense 738,225 803,325 1,008,160
General and administrative expense 499,091 518,733 518,204
Product development expense 228,327 237,948 244,207
Depreciation 40,838 80,937 52,716
Amortization of intangibles 141,906 288,012 293,277
Goodwill impairment 0 9,000 86,748
Total operating costs and expenses 2,650,799 3,157,186 3,698,957
Operating loss (28,678) (237,783) (355,136)
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)
Income tax benefit (provision) 141,871 (98,162) 311,263
Net (loss) earnings from continuing operations (573,168) 294,867 (1,076,409)
Earnings (loss) from discontinued operations, net of tax 39,838 (36,550) (116,046)
Net (loss) earnings (533,330) 258,317 (1,192,455)
Net (earnings) loss attributable to noncontrolling interests (6,567) 7,625 22,285
Net (loss) earnings attributable to IAC shareholders $ (539,897) $ 265,942 $ (1,170,170)
Per share information from continuing operations:      
Basic (loss) earnings per share (USD per share) $ (6.89) $ 3.42 $ (12.43)
Diluted (loss) earnings per share (USD per share) (6.89) 3.31 (12.43)
Per share information attributable to IAC common stock and Class B common stock shareholders:      
Basic (loss) earning per share (USD per share) (6.49) 3.07 (13.55)
Diluted (loss) earning per share (USD per share) $ (6.49) $ 2.97 $ (13.55)
Stock-based compensation expense by function:      
Stock-based compensation expense $ 77,745 $ 73,562 $ 70,808
Cost of revenue      
Stock-based compensation expense by function:      
Stock-based compensation expense 2,219 1,613 47
Selling and marketing expense      
Stock-based compensation expense by function:      
Stock-based compensation expense 2,636 2,488 2,278
General and administrative expense      
Stock-based compensation expense by function:      
Stock-based compensation expense 68,991 64,971 62,200
Product development expense      
Stock-based compensation expense by function:      
Stock-based compensation expense $ 3,899 $ 4,490 $ 6,283