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DISCONTINUED OPERATIONS | 6 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | DISCONTINUED OPERATIONS On November 1, 2023, Angi Inc. completed the sale of 100% of its wholly-owned subsidiary, THR, and has reflected it as a discontinued operation in its financial statements. The financial information for prior periods has been recast to conform to this presentation. The components of the loss from discontinued operations for the three and six months ended June 30, 2023, in the statement of operations consisted of the following:
| Three Months Ended June 30, | Six Months Ended June 30, |
| 2023 | 2023 |  |
| (In thousands)
Revenue | 24,482 |  | $ | 62,854 |  |  |
Operating costs and expenses: |  |  |  |
Cost of revenue (exclusive of depreciation shown separately below) | 16,954 |  | 42,058 |  |  |
Selling and marketing expense | 4,837 |  | 11,598 |  |  |
General and administrative expense | 3,818 |  | 9,669 |  |  |
Depreciation | 175 |  | 420 |  |  |
Total operating costs and expenses | 25,784 |  | 63,745 |  |  |
Operating loss from discontinued operations | (1,302) |  | (891) |  |  |
Interest income | 4 |  | 8 |  |  |
Loss from discontinued operations before tax | (1,298) |  | (883) |  |  |
Income tax benefit | 2,410 |  | 982 |  |  |
Earnings from discontinued operations, net of tax | 1,112 |  | $ | 99 |  |  |
During the period in which Angi owned THR, the Ads & Leads segment provided services totaling $1.0 million and $2.5 million to the Roofing segment for the three and six months ended June 30, 2023, respectively.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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