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DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The components of assets and liabilities of discontinued operations in the consolidated balance sheet at December 31, 2024 and 2023 consisted of the following:
December 31,
20242023
(In thousands)
Current assets
Cash and cash equivalents$416,434 $364,044 
Accounts receivable, net36,670 51,100 
Other current assets41,968 70,971 
Total current assets of discontinued operations$495,072 $486,115 
Non-current assets
Capitalized software, leasehold improvements and equipment, net$79,564 $109,527 
Goodwill883,776 886,383 
Intangible assets, net167,662 170,773 
Deferred income taxes169,616 130,944 
Other non-current assets35,911 53,842 
Total non-current assets of discontinued operations$1,336,529 $1,351,469 
Current liabilities
Accounts payable, trade$18,319 $29,467 
Deferred revenue42,008 49,859 
Accrued expenses and other current liabilities171,334 177,601 
Total current liabilities of discontinued operations$231,661 $256,927 
Non-current liabilities
Long-term debt, net$496,840 $496,047 
Deferred income taxes1,500 2,739 
Other non-current liabilities37,917 54,264 
Total non-current liabilities of discontinued operations$536,257 $553,050 
The components of earnings (loss) from discontinued operations, net of tax for the years ended December 31, 2024, 2023 and 2022 in the consolidated statement of operations consisted of the following:
Year Ended December 31,
202420232022
(In thousands)
Revenue$1,185,112 $1,445,832 $1,891,459 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)57,578 124,023 438,060 
Selling and marketing expense600,507 772,904 906,718 
General and administrative expense318,567 373,225 473,779 
Product development expense95,360 96,543 73,821 
Depreciation86,052 94,159 78,270 
Amortization of intangibles2,600 7,958 14,441 
Goodwill impairment— — 26,005 
Total operating costs and expenses1,160,664 1,468,812 2,011,094 
Operating income (loss) from discontinued operations24,448 (22,980)(119,635)
Interest expense(20,169)(20,137)(20,107)
Other income, net18,361 17,223 1,178 
Earnings (loss) from discontinued operations before tax22,640 (25,894)(138,564)
Income tax benefit (provision)(a)
17,198 (10,656)22,518 
Earnings (loss) from discontinued operations, net of tax$39,838 $(36,550)$(116,046)
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(a)    The year ended December 31, 2022 includes a $2.7 million income tax benefit to reflect the allocation of certain federal and state net operating losses to Vimeo, Inc. (“Vimeo”) based on the filing of the Company’s 2021 tax returns following the spin-off of IAC’s full stake in Vimeo to IAC shareholders on May 25, 2021.