SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segmented Revenue Disaggregated by Service

The following table presents revenue by reportable segment:

	Three Months Ended March 31,
	2021		2020
	(In thousands)
Revenue:
North America	$	361,041	$	324,132
Europe	25,988		19,518
Total	$	387,029	$	343,650

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

	Three Months Ended March 31,
	2021		2020
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	272,353	$	239,830
Service professional membership subscription revenue	11,952		13,777
Other revenue	6,745		5,169
Total Marketplace revenue	291,050		258,776
Advertising and other revenue(b)	69,991		65,356
Total North America revenue	361,041		324,132
Europe
Consumer connection revenue(c)	22,351		15,689
Service professional membership subscription revenue	3,328		3,299
Advertising and other revenue	309		530
Total Europe revenue	25,988		19,518
Total revenue	$	387,029	$	343,650

________________________

(a)    Includes fees paid by service professionals for consumer matches and revenue from Angi Services sourced through the marketplace platforms.

(b)    Includes Angi revenue from service professionals under contract for advertising and Angi membership subscription fees from consumers, as well as revenue from HomeStars.

(c)    Includes fees paid by service professionals for consumer matches.

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 March 31,
	2021		2020
	(In thousands)
Revenue
United States	$	356,444	$	319,821
All other countries	30,585		23,829
Total	$	387,029	$	343,650

Schedule of Revenue and Long-lived Assets by Geographic Areas

	March 31, 2021		December 31, 2020
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	101,151	$	97,841
All other countries	10,280		11,001
Total	$	111,431	$	108,842

Schedule of Segment Reporting Information

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

	Three Months Ended March 31,
	2021		2020
	(In thousands)
Operating income (loss):
North America	$	9,577	$	(8,108)
Europe	(9,468)		(8,188)
Total	$	109	$	(16,296)

	Three Months Ended March 31,
	2021		2020
	(In thousands)
Adjusted EBITDA(d):
North America	$	31,165	$	41,391
Europe	$	(7,979)	$	(6,994)

________________________

(d)    The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income (loss) 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 the Company’s performance and that of its competitors. The above items are excluded from the Company’s 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) for the Company’s reportable segments and net earnings (loss) attributable to Angi Inc. shareholders to Adjusted EBITDA:

	Three Months Ended March 31, 2021
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	9,577	$	1,936	$	14,578	$	5,074	$	31,165
Europe	(9,468)		$	98	$	1,391	$	—	$	(7,979)
Operating income (loss)	109
Interest expense	(6,617)
Other loss, net	(767)
Loss before income taxes	(7,275)
Income tax benefit	9,289
Net earnings	2,014
Net earnings attributable to noncontrolling interests	(83)
Net earnings attributable to Angi Inc. shareholders	$	1,931

	Three Months Ended March 31, 2020
	Operating Loss		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(8,108)	$	25,312	$	11,297	$	12,890	$	41,391
Europe	(8,188)		$	263	$	841	$	90	$	(6,994)
Operating loss	(16,296)
Interest expense	(2,274)
Other income, net	421
Loss before income taxes	(18,149)
Income tax benefit	8,965
Net loss	(9,184)
Net loss attributable to noncontrolling interests	226
Net loss attributable to Angi Inc. shareholders	$	(8,958)