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CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 389,913 $ 357,358 $ 1,108,624 $ 1,004,697
Operating costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 48,253 13,312 122,524 34,045
Selling and marketing expense 210,171 195,542 590,114 567,011
General and administrative expense 90,122 82,344 270,129 254,786
Product development expense 17,577 16,021 50,068 46,907
Depreciation 13,921 11,244 38,614 27,039
Amortization of intangibles 12,888 14,169 38,846 42,421
Total operating costs and expenses 392,932 332,632 1,110,295 972,209
Operating (loss) income (3,019) 24,726 (1,671) 32,488
Interest expense (3,699) (3,007) (7,593) (8,964)
Other income, net 223 1,505 856 4,823
(Loss) earnings before income taxes (6,495) 23,224 (8,408) 28,347
Income tax benefit (provision) 11,698 (4,900) 17,638 7,062
Net earnings 5,203 18,324 9,230 35,409
Net earnings attributable to noncontrolling interests (731) (325) (1,049) (473)
Net earnings attributable to ANGI Homeservices Inc. shareholders $ 4,472 $ 17,999 $ 8,181 $ 34,936
Earnings per share information attributable to ANGI Homeservices Inc. shareholders:        
Basic earnings per share (USD per share) $ 0.01 $ 0.04 $ 0.02 $ 0.07
Diluted earnings per share (USD per share) $ 0.01 $ 0.04 $ 0.02 $ 0.07
Stock-based compensation expense by function:        
Stock-based compensation expense $ 14,697 $ 8,784 $ 55,031 $ 45,586
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 2,346 796 4,069 2,801
General and administrative expense        
Stock-based compensation expense by function:        
Stock-based compensation expense 10,866 6,375 46,977 37,124
Product development expense        
Stock-based compensation expense by function:        
Stock-based compensation expense $ 1,485 $ 1,613 $ 3,985 $ 5,661