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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 515,782 $ 420,988 $ 951,941 $ 808,017
Cost of revenue (exclusive of depreciation shown separately below) 127,771 69,704 226,769 123,532
Gross profit 388,011 351,284 725,172 684,485
Operating costs and expenses:        
Selling and marketing expense 251,159 239,031 476,960 444,871
General and administrative expense 119,626 107,486 229,281 195,648
Product development expense 20,954 18,752 38,813 36,799
Depreciation 13,354 15,058 27,353 31,027
Amortization of intangibles 3,804 3,688 7,608 8,762
Total operating costs and expenses 408,897 384,015 780,015 717,107
Operating loss (20,886) (32,731) (54,843) (32,622)
Interest expense (5,026) (5,814) (10,048) (12,431)
Other expense, net (1,750) (636) (2,141) (1,403)
Loss before income taxes (27,662) (39,181) (67,032) (46,456)
Income tax benefit 3,665 9,129 9,748 18,418
Net loss (23,997) (30,052) (57,284) (28,038)
Net earnings attributable to noncontrolling interests (235) (241) (338) (324)
Net loss attributable to Angi Inc. shareholders $ (24,232) $ (30,293) $ (57,622) $ (28,362)
Per share information attributable to Angi Inc. shareholders:        
Basic loss per share (USD per share) $ (0.05) $ (0.06) $ (0.11) $ (0.06)
Diluted loss per share (USD per share) $ (0.05) $ (0.06) $ (0.11) $ (0.06)
Stock-based compensation expense by function:        
Stock-Based Compensation Expense $ 13,417 $ 9,543 $ 26,402 $ 11,577
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense 1,891 865 3,130 1,882
General and administrative expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense 8,662 7,410 18,297 7,494
Product development expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense $ 2,864 $ 1,268 $ 4,975 $ 2,201