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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Revenue:
Domestic			$	233,247					$	264,933					$	691,333					$	816,876
International			32,386						31,786						98,434						100,367
Total			$	265,633					$	296,719					$	789,767					$	917,243

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:

									Three Months Ended September 30,												Nine Months Ended September 30,
															2025						2024						2025						2024
															(in thousands)
Domestic
Consumer marketing expense (a)															$	84,869					$	84,431					$	242,999					$	245,975
Fixed expense (b)															45,006						47,658						142,761						153,534
Pro acquisition expense (c)															34,068						57,577						108,243						186,456
Variable expense (d)															26,979						29,835						81,507						94,370
Cost of revenue (e)															11,270						13,692						35,619						38,445
Total Domestic expenses															202,192						233,193						611,129						718,780
International
Fixed expense (b)															11,249						12,093						34,786						39,063
Variable expense (d)															5,117						4,861						16,496						12,704
Consumer marketing expense (a)															4,084						3,545						13,771						12,370
Pro acquisition expense (c)															2,312						6,562						10,429						17,820
Cost of revenue (e)															1,190						1,058						2,998						2,954
Total International expenses															23,952						28,119						78,480						84,911
Total expenses															$	226,144					$	261,312					$	689,609					$	803,691

Pro acquisition expense for the three months ended September 30, 2025 excludes $1.9 million of commissions capitalized in the same period and includes $6.5 million of capitalized commissions amortized from prior periods. Pro acquisition expense for the three months ended September 30, 2024 excludes $9.2 million of commissions capitalized in the same period and includes $12.1 million of capitalized commissions amortized from prior periods.

Pro acquisition expense for the nine months ended September 30, 2025 excludes $7.7 million of commissions capitalized in the same period and includes $23.3 million of capitalized commissions amortized from prior periods. Pro acquisition expense for the nine months ended September 30, 2024 excludes $33.6 million of commissions capitalized in the same period and includes $39.0 million of capitalized commissions amortized from prior periods.

_____________________

(a) Consumer marketing expense includes (i) advertising expenditures to promote the brand to consumers with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to our brands, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising, (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for consumer marketing personnel and (iii) outsourced personnel costs.

(b) Fixed expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in (a) the design, development, testing, and enhancement of product offerings and related technology and (b) executive management, finance, legal, tax, marketing and human resources functions, (ii) software license and maintenance costs, (iii) rent expense and facilities costs (including impairments of ROU assets), (iv) fees for professional services and (iv) outsourced personnel costs for personnel engaged in product development.

(c) Pro acquisition expense includes (i) advertising expenditures to promote the brand to Pros with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to the brands within the Angi segments, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising and (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for professional acquisition sales and marketing personnel.

(d) Variable expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in customer service functions, (ii) provision for credit losses, (iii) outsourced personnel costs for personnel engaged in assisting in customer service functions and (iv) service guarantee expense.

(e) Cost of revenue consists primarily of (i) credit card processing fees, (ii) hosting fees and (iii) payments made to independent third-party Pros who perform work.

Schedule of Segmented Revenue Disaggregated by Service

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Domestic:
Lead revenue			$	151,261					$	151,893					$	420,857					$	480,048
Advertising revenue			57,820						78,782						193,713						234,228
Services revenue			17,188						23,702						53,401						68,748
Membership subscription revenue			6,931						10,452						23,205						33,491
Other revenue			47						104						157						361
Total Domestic revenue			233,247						264,933						691,333						816,876
International:
Lead revenue			31,986						26,024						96,376						82,711
Membership subscription revenue			—						5,562						838						16,891
Other revenue			400						200						1,220						765
Total International revenue			32,386						31,786						98,434						100,367
Total revenue			$	265,633					$	296,719					$	789,767					$	917,243

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

The following table presents a summary of Segment Adjusted EBITDA:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Segment Adjusted EBITDA:
Domestic			$	31,052					$	31,743					$	80,199					$	98,101
International			8,630						3,666						20,152						15,453
Total Segment Adjusted EBITDA			$	39,682					$	35,409					$	100,351					$	113,554

The following table reconciles total Segment Adjusted EBITDA to earnings before income taxes:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Total Segment Adjusted EBITDA			$	39,682					$	35,409					$	100,351					$	113,554
Stock-based compensation expense			(5,982)						(10,024)						(8,749)						(28,093)
Depreciation			(11,918)						(17,568)						(32,144)						(65,741)
Interest expense			(5,069)						(5,045)						(15,164)						(15,124)
Other income, net			4,090						5,979						13,737						15,033
Earnings before income taxes			$	20,803					$	8,751					$	58,031					$	19,629

Schedule of Capital Expenditures by Segment

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Capital expenditures:
Domestic			$	14,162					$	12,103					$	38,829					$	37,531
International			1,886						—						2,043						16
Total			$	16,048					$	12,103					$	40,872					$	37,547

Schedule of Revenue by Geographic Areas

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(In thousands)
Revenue:
United States			$	233,219					$	264,931					$	691,254					$	816,621
All other countries			32,414						31,788						98,513						100,622
Total			$	265,633					$	296,719					$	789,767					$	917,243

Schedule of Long-lived Assets by Geographic Areas

			September 30, 2025						December 31, 2024
			(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States			$	111,987					$	104,290
All other countries			8,272						5,692
Total			$	120,259					$	109,982

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