

	Quarter Ended March 31 ^(a)			Quarter Ended June 30 ^(b)			Quarter Ended September 30 ^(c)			Quarter Ended December 31^(d)
	(In thousands, except per share data)
Year Ended December 31, 2018
Revenue	$	255,311		$	294,822		$	303,116		$	278,992
Cost of revenue	13,595			14,703			14,015			13,426
Operating (loss) income	(10,756		)	23,262			33,515			17,885
Net (loss) earnings	(9,114		)	23,023			26,786			36,812
Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders	(8,885		)	22,899			26,617			36,687
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic (loss) earnings per share ^(g)	$	(0.02	)	$	0.05		$	0.06		$	0.07
Diluted (loss) earnings per share ^(g)	$	(0.02	)	$	0.05		$	0.05		$	0.07

	Quarter Ended March 31			Quarter Ended June 30			Quarter Ended September 30 ^(e)			Quarter Ended December 31 ^(f)
	(In thousands, except per share data)
Year Ended December 31, 2017
Revenue	$	150,745		$	180,711		$	181,717		$	223,213
Cost of revenue	6,830			7,562			7,999			11,682
Operating income (loss)	1,388			(2,836		)	(112,505		)	(33,918		)
Net earnings (loss)	25,887			(25		)	(72,158		)	(58,231		)
Net earnings (loss) attributable to ANGI Homeservices Inc. shareholders	26,613			254			(71,761		)	(58,224		)
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings (loss) per share^(g)	$	0.06		$	0.00		$	(0.17	)	$	(0.12	)
Diluted earnings (loss) per share^(g)	$	0.06		$	0.00		$	(0.17	)	$	(0.12	)

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^(a)

The first quarter of 2018 includes after-tax stock-based compensation expense of $14.7 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $4.0 million related to the Combination (including $2.8 million of deferred revenue write-offs).

^(b)

The second quarter of 2018 includes after-tax stock-based compensation expense of $12.8 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $1.9 million related to the Combination (including $1.8 million of deferred revenue write-offs).


^(c)	The third quarter of 2018 includes after-tax stock-based compensation expense of $12.3 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination.


^(d)	The fourth quarter of 2018 includes:


i.	after-tax stock-based compensation expense of $14.4 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination.


ii.	an after-tax gain of $10.0 million related to the sale of Felix.

^(e)

The third quarter of 2017 includes after-tax stock-based compensation expense of $59.4 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $17.0 million related to the Combination.

^(f)

The fourth quarter of 2017 includes after-tax stock-based compensation expense of $15.6 million related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination, as well as after-tax costs of $13.8 million related to the Combination (including $7.6 million of deferred revenue write-offs).


^(g)	Quarterly per share amounts may not add to the related annual per share amount because of differences in the average common shares outstanding during each period.