SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:

	Years Ended December 31,
	2019		2018		2017
	(In thousands)
Revenue:
North America	$	1,249,892	$	1,062,171	$	678,897
Europe	76,313		70,070		57,489
Total	$	1,326,205	$	1,132,241	$	736,386

Schedule of Segmented Revenue Disaggregated by Service

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

	Years Ended December 31,
	2019		2018		2017
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	913,533	$	704,341	$	521,481
Service professional membership subscription revenue	64,706		66,214		56,135
Other revenue	6,971		3,940		3,798
Total Marketplace revenue	985,210		774,495		581,414
Advertising and other revenue(b)	264,682		287,676		97,483
Total North America revenue	1,249,892		1,062,171		678,897
Europe
Consumer connection revenue(a)	59,611		50,913		40,009
Service professional membership subscription revenue	14,231		17,362		16,596
Advertising and other revenue	2,471		1,795		884
Total Europe revenue	76,313		70,070		57,489
Total revenue	$	1,326,205	$	1,132,241	$	736,386

___________________________

^(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 years ended December 31, 2018 and 2017 were $36.9 million and $26.9 million, respectively.

Schedule of Revenue and Long-lived Assets by Geographic Areas

Geographic information about revenue and long-lived assets is presented below:

	Years Ended December 31,
	2019		2018		2017
	(In thousands)
Revenue:
United States	$	1,234,755	$	1,050,641	$	672,159
All other countries	91,450		81,600		64,227
Total	$	1,326,205	$	1,132,241	$	736,386

The United States is the only country whose revenue is greater than 10% of total revenue of the Company for the years ended December 31, 2019, 2018 and 2017.

	December 31,
	2019		2018
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	95,822	$	65,510
All other countries	7,539		5,349
Total	$	103,361	$	70,859

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

The following tables present operating income (loss) and Adjusted EBITDA by reportable segment:

	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Operating income (loss):
North America	$	48,967		$	78,102		$	(128,483	)
Europe	(10,322		)	(14,196		)	(19,388		)
Total	$	38,645		$	63,906		$	(147,871	)

	Years Ended December 31,
	2019			2018			2017
	(In thousands)
Adjusted EBITDA(c):
North America	$	208,192		$	253,963		$	50,182
Europe	$	(5,895	)	$	(6,457	)	$	(11,019	)

___________________________

^(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. 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.

The following tables reconcile operating income (loss) for the Company’s reportable segments and net earnings (loss) attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA:

	Year Ended December 31, 2019
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	48,967		$	67,646	$	37,481	$	54,098	$	208,192
Europe	(10,322		)	$	609	$	2,434	$	1,384	$	(5,895	)
Operating income	38,645
Interest expense—third-party	(11,493		)
Interest expense—related party	(16		)
Other income, net	6,510
Earnings before income taxes	33,646
Income tax benefit	1,668
Net earnings	35,314
Net earnings attributable to noncontrolling interests	(485		)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	34,829

	Year Ended December 31, 2018
	Operating Income (Loss)			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	78,102		$	96,078	$	21,888	$	57,895	$	253,963
Europe	(14,196		)	$	1,000	$	2,422	$	4,317	$	(6,457	)
Operating income	63,906
Interest expense—third-party	(11,623		)
Interest expense—related party	(118		)
Other income, net	17,859
Earnings before income taxes	70,024
Income tax benefit	7,483
Net earnings	77,507
Net earnings attributable to noncontrolling interests	(189		)
Net earnings attributable to ANGI Homeservices Inc. shareholders	$	77,318

	Year Ended December 31, 2017
	Operating Loss			Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(128,483	)	$	147,574	$	13,243	$	17,848	$	50,182
Europe	(19,388		)	$	1,656	$	1,300	$	5,413	$	(11,019	)
Operating loss	(147,871		)
Interest expense—third-party	(1,765		)
Interest expense—related party	(5,971		)
Other income, net	1,974
Loss before income taxes	(153,633		)
Income tax benefit	49,106
Net loss	(104,527		)
Net loss attributable to noncontrolling interests	1,409
Net loss attributable to ANGI Homeservices Inc. shareholders	$	(103,118	)

Schedule of Capital Expenditures by Segment

The following table presents capital expenditures by reportable segment:

	Years Ended December 31,
	2019		2018		2017
	(In thousands)
Capital expenditures:
North America	$	64,215	$	42,976	$	24,214
Europe	4,589		4,000		2,623
Total	$	68,804	$	46,976	$	26,837