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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Revenue:
 
 
 
 
 
 
 
North America
$
277,505

 
$
165,491

 
$
513,531

 
$
303,563

Europe
17,317

 
15,220

 
36,602

 
27,893

Total
$
294,822

 
$
180,711

 
$
550,133

 
$
331,456

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Operating Income (Loss):
 
 
 
 
 
 
 
North America
$
26,110

 
$
1,784

 
$
20,745

 
$
8,208

Europe
(2,848
)
 
(4,620
)
 
(8,239
)
 
(9,656
)
Total
$
23,262

 
$
(2,836
)
 
$
12,506

 
$
(1,448
)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Adjusted EBITDA(a):
 
 
 
 
 
 
 
North America
$
68,088

 
$
17,112

 
$
107,693

 
$
31,296

Europe
$
(1,109
)
 
$
(2,141
)
 
$
(4,074
)
 
$
(6,113
)
___________________________
(a) 
The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our businesses, and this measure is one of the primary metrics on which our internal budgets are based and by which management is compensated. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations in that it does not take into account the impact to ANGI Homeservices Inc.'s statement of operations of certain expenses.
Schedule of Segmented Revenue Disaggregated by Service
The following table presents revenue disaggregated by service for the Company's reportable segments:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
North America
 
 
 
 
 
 
 
Marketplace:
 
 
 
 
 
 
 
Consumer connection revenue(b)
$
187,172

 
$
141,163

 
$
336,232

 
$
257,163

Membership subscription revenue
16,565

 
13,704

 
32,192

 
26,456

Other revenue
998

 
888

 
1,919

 
1,780

Marketplace revenue
204,735

 
155,755

 
370,343

 
285,399

Advertising & Other revenue(c)
72,770

 
9,736

 
143,188

 
18,164

Total North America revenue
277,505

 
165,491

 
513,531

 
303,563

Europe
 
 
 
 
 
 
 
Consumer connection revenue(b)
12,496

 
11,170

 
26,863

 
19,635

Membership subscription revenue
4,517

 
3,872

 
9,188

 
7,878

Advertising and other revenue
304

 
178

 
551

 
380

Total Europe revenue
17,317

 
15,220

 
36,602

 
27,893

Total revenue
$
294,822

 
$
180,711

 
$
550,133

 
$
331,456

___________________________
(b) 
Fees paid by service professionals for consumer matches.
(c) 
Includes Angie's List revenue from service professionals under contract for advertising and Angie's List membership subscription fees from consumers, as well as revenue from mHelpDesk, HomeStars and Felix.
Schedule of Revenue and Long-lived Assets by Geographic Areas
Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(In thousands)
Revenue
 
 
 
 
 
 
 
United States
$
274,785

 
$
163,669

 
$
508,260

 
$
301,135

All other countries
20,037

 
17,042

 
41,873

 
30,321

Total
$
294,822

 
$
180,711

 
$
550,133

 
$
331,456

 
June 30, 2018
 
December 31, 2017
 
(In thousands)
Long-lived assets (excluding goodwill and intangible assets)
 
 
 
United States
$
48,684

 
$
49,356

All other countries
4,712

 
3,936

Total
$
53,396

 
$
53,292

Schedule of Reconciliation of Operating Income to Adjusted EBITDA
The following tables reconcile operating income (loss) for the Company’s reportable segments and net earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA:
 
Three Months Ended June 30, 2018
 
Operating
income
(loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
26,110

 
$
21,821

 
$
5,354

 
$
14,803

 
$
68,088

Europe
(2,848
)
 
$
232

 
$
532

 
$
975

 
$
(1,109
)
Operating income
23,262

 
 
 
 
 
 
 
 
Interest expense—third party
(3,011
)
 
 
 
 
 
 
 
 
Interest expense—related party
(34
)
 
 
 
 
 
 
 
 
Other income, net
1,053

 
 
 
 
 
 
 
 
Earnings before income taxes
21,270

 
 
 
 
 
 
 
 
Income tax benefit
1,753

 
 
 
 
 
 
 
 
Net earnings
23,023

 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(124
)
 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
22,899

 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
Operating
income
(loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
1,784

 
$
11,395

 
$
2,892

 
$
1,041

 
$
17,112

Europe
(4,620
)
 
$
444

 
$
326

 
$
1,709

 
$
(2,141
)
Operating loss
(2,836
)
 
 
 
 
 
 
 
 
Interest expense—related party
(2,082
)
 
 
 
 
 
 
 
 
Other income, net
505

 
 
 
 
 
 
 
 
Loss before income taxes
(4,413
)
 
 
 
 
 
 
 
 
Income tax benefit
4,388

 
 
 
 
 
 
 
 
Net loss
(25
)
 
 
 
 
 
 
 
 
Net loss attributable to noncontrolling interests
279

 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
254

 
 
 
 
 
 
 
 

 
Six Months Ended June 30, 2018
 
Operating
income
(loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
20,745

 
$
46,396

 
$
10,928

 
$
29,624

 
$
107,693

Europe
(8,239
)
 
$
563

 
$
1,142

 
$
2,460

 
$
(4,074
)
Operating income
12,506

 
 
 
 
 
 
 
 
Interest expense—third party
(5,665
)
 
 
 
 
 
 
 
 
Interest expense—related party
(79
)
 
 
 
 
 
 
 
 
Other income, net
1,409

 
 
 
 
 
 
 
 
Earnings before income taxes
8,171

 
 
 
 
 
 
 
 
Income tax benefit
5,738

 
 
 
 
 
 
 
 
Net earnings
13,909

 
 
 
 
 
 
 
 
Net loss attributable to noncontrolling interests
105

 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
14,014

 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
Operating
income
(loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
8,208

 
$
15,396

 
$
5,777

 
$
1,915

 
$
31,296

Europe
(9,656
)
 
$
904

 
$
437

 
$
2,202

 
$
(6,113
)
Operating loss
(1,448
)
 
 
 
 
 
 
 
 
Interest expense—related party
(3,674
)
 
 
 
 
 
 
 
 
Other income, net
736

 
 
 
 
 
 
 
 
Loss before income taxes
(4,386
)
 
 
 
 
 
 
 
 
Income tax benefit
30,248

 
 
 
 
 
 
 
 
Net earnings
25,862

 
 
 
 
 
 
 
 
Net loss attributable to noncontrolling interests
1,005

 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
26,867