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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 315,134 $ 351,587 $ 620,524 $ 707,084
Cost of revenue (exclusive of depreciation shown separately below) 14,152 14,708 26,649 31,645
Gross Profit 300,982 336,879 593,875 675,439
Operating costs and expenses:        
Selling and marketing expense 158,323 208,877 315,374 408,487
General and administrative expense 84,369 93,167 169,890 189,834
Product development expense 24,779 25,549 48,535 50,861
Depreciation 24,324 22,004 48,173 47,194
Amortization of intangibles 0 2,663 0 5,325
Total operating costs and expenses 291,795 352,260 581,972 701,701
Operating income (loss) 9,187 (15,381) 11,903 (26,262)
Interest expense (5,041) (5,034) (10,079) (10,063)
Other income, net 4,570 5,184 9,054 8,991
Earnings (loss) from continuing operations before income taxes 8,716 (15,231) 10,878 (27,334)
Income tax provision (4,628) (360) (8,107) (2,244)
Net earnings (loss) from continuing operations 4,088 (15,591) 2,771 (29,578)
Earnings from discontinued operations, net of tax 0 1,112 0 99
Net earnings (loss) 4,088 (14,479) 2,771 (29,479)
Net earnings attributable to noncontrolling interests (328) (220) (642) (545)
Net earnings (loss) attributable to Angi Inc. shareholders $ 3,760 $ (14,699) $ 2,129 $ (30,024)
Per share information from continuing operations:        
Basic earnings (loss) per share (USD per share) $ 0.01 $ (0.03) $ 0.00 $ (0.06)
Diluted earnings (loss) per share (USD per share) 0.01 (0.03) 0.00 (0.06)
Per share information attributable to Angi Inc. shareholders:        
Basic earnings (loss) per share (USD per share) 0.01 (0.03) 0.00 (0.06)
Diluted earnings (loss) per share (USD per share) $ 0.01 $ (0.03) $ 0.00 $ (0.06)
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 8,672 $ 10,297 $ 18,069 $ 23,009
Selling and marketing expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 1,145 1,481 2,377 2,733
General and administrative expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 5,807 6,406 13,000 15,167
Product development expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 1,720 $ 2,410 $ 2,692 $ 5,109