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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Schedule of Segmented Revenue Disaggregated by Service
The following table presents revenue by reportable segment:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Revenue:
 
 
 
 
 
 
 
North America
$
339,144

 
$
286,594

 
$
945,538

 
$
800,125

Europe
18,214

 
16,522

 
59,159

 
53,124

Total
$
357,358

 
$
303,116

 
$
1,004,697

 
$
853,249

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,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
North America
 
 
 
 
 
 
 
Marketplace:
 
 
 
 
 
 
 
Consumer connection revenue(a)
$
252,552

 
$
195,065

 
$
695,370

 
$
531,297

Membership subscription revenue
16,237

 
17,034

 
49,239

 
49,226

Other revenue
1,727

 
950

 
5,360

 
2,869

Total Marketplace revenue
270,516

 
213,049

 
749,969

 
583,392

Advertising & Other revenue(b)
68,628

 
73,545

 
195,569

 
216,733

Total North America revenue
339,144

 
286,594

 
945,538

 
800,125

Europe
 
 
 
 
 
 
 
Consumer connection revenue
14,125

 
12,022

 
46,480

 
38,885

Membership subscription revenue
3,465

 
4,217

 
10,820

 
13,405

Advertising and other revenue
624

 
283

 
1,859

 
834

Total Europe revenue
18,214

 
16,522

 
59,159

 
53,124

Total revenue
$
357,358

 
$
303,116

 
$
1,004,697

 
$
853,249

________________________
(a) 
Includes fees paid by service professionals for consumer matches and revenue from completed jobs sourced through the HomeAdvisor and Handy platforms.
(b) 
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, Fixd Repair and Felix. Felix was sold on December 31, 2018 and its revenue for the three and nine months ended September 30, 2018 was $10.2 million and $28.7 million, respectively.
Schedule of Revenue from External Customers 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,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Revenue
 
 
 
 
 
 
 
United States
$
335,230

 
$
283,672

 
$
934,409

 
$
791,932

All other countries
22,128

 
19,444

 
70,288

 
61,317

Total
$
357,358

 
$
303,116

 
$
1,004,697

 
$
853,249


Schedule of Revenue and Long-lived Assets by Geographic Areas
 
September 30, 2019
 
December 31, 2018
 
(In thousands)
Long-lived assets (excluding goodwill and intangible assets)
 
 
 
United States
$
95,466

 
$
65,510

All other countries
6,506

 
5,349

Total
$
101,972

 
$
70,859


Schedule of Segment Reporting Information
The following tables present operating income (loss) and Adjusted EBTIDA by reportable segment:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Operating Income (Loss):
 
 
 
 
 
 
 
North America
$
27,194

 
$
36,117

 
$
40,409

 
$
56,862

Europe
(2,468
)
 
(2,602
)
 
(7,921
)
 
(10,841
)
Total
$
24,726

 
$
33,515

 
$
32,488

 
$
46,021

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Adjusted EBITDA(c):
 
 
 
 
 
 
 
North America
$
60,509

 
$
78,613

 
$
151,804

 
$
186,306

Europe
$
(1,586
)
 
$
(913
)
 
$
(4,270
)
 
$
(4,987
)
________________________
(c) 
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 because it excludes the impact of these expenses.
Schedule of Reconciliation of Operating Income to Adjusted EBITDA
The following tables reconcile operating income (loss) to Adjusted EBITDA for the Company’s reportable segments:
 
Three Months Ended September 30, 2019
 
Operating
income (loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
27,194

 
$
8,648

 
$
10,690

 
$
13,977

 
$
60,509

Europe
(2,468
)
 
$
136

 
$
554

 
$
192

 
$
(1,586
)
Operating income
24,726

 
 
 
 
 
 
 
 
Interest expense—third party
(3,007
)
 
 
 
 
 
 
 
 
Interest expense—related party

 
 
 
 
 
 
 
 
Other income, net
1,505

 
 
 
 
 
 
 
 
Earnings before income taxes
23,224

 
 
 
 
 
 
 
 
Income tax provision
(4,900
)
 
 
 
 
 
 
 
 
Net earnings
18,324

 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(325
)
 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
17,999

 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
Operating
income (loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
36,117

 
$
22,256

 
$
5,563

 
$
14,677

 
$
78,613

Europe
(2,602
)
 
$
218

 
$
537

 
$
934

 
$
(913
)
Operating income
33,515

 
 
 
 
 
 
 
 
Interest expense—third party
(3,132
)
 
 
 
 
 
 
 
 
Interest expense—related party
(23
)
 
 
 
 
 
 
 
 
Other income, net
1,566

 
 
 
 
 
 
 
 
Earnings before income taxes
31,926

 
 
 
 
 
 
 
 
Income tax provision
(5,140
)
 
 
 
 
 
 
 
 
Net earnings
26,786

 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(169
)
 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
26,617

 
 
 
 
 
 
 
 

 
Nine Months Ended September 30, 2019
 
Operating
income (loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
40,409

 
$
45,107

 
$
25,124

 
$
41,164

 
$
151,804

Europe
(7,921
)
 
$
479

 
$
1,915

 
$
1,257

 
$
(4,270
)
Operating income
32,488

 
 
 
 
 
 
 
 
Interest expense—third party
(8,964
)
 
 
 
 
 
 
 
 
Interest expense—related party
(16
)
 
 
 
 
 
 
 
 
Other income, net
4,839

 
 
 
 
 
 
 
 
Earnings before income taxes
28,347

 
 
 
 
 
 
 
 
Income tax benefit
7,062

 
 
 
 
 
 
 
 
Net earnings
35,409

 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(473
)
 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
34,936

 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
Operating
income (loss)
 
Stock-based
compensation expense
 
Depreciation
 
Amortization
of intangibles
 
Adjusted
EBITDA
 
(In thousands)
North America
$
56,862

 
$
68,652

 
$
16,491

 
$
44,301

 
$
186,306

Europe
(10,841
)
 
$
781

 
$
1,679

 
$
3,394

 
$
(4,987
)
Operating income
46,021

 
 
 
 
 
 
 
 
Interest expense—third party
(8,797
)
 
 
 
 
 
 
 
 
Interest expense—related party
(102
)
 
 
 
 
 
 
 
 
Other income, net
2,975

 
 
 
 
 
 
 
 
Earnings before income taxes
40,097

 
 
 
 
 
 
 
 
Income tax benefit
598

 
 
 
 
 
 
 
 
Net earnings
40,695

 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(64
)
 
 
 
 
 
 
 
 
Net earnings attributable to ANGI Homeservices Inc. shareholders
$
40,631