(LOSS) EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of Computation of Basic and Diluted (Loss) Earnings per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:


	Three Months Ended September 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(17,439)	$	(17,439)	$	(16,693)	$	(16,693)
Net earnings attributable to noncontrolling interests	(40)		(40)		(302)		(302)
Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(17,479)	$	(17,479)	$	(16,995)	$	(16,995)

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	503,202		503,202		503,416		503,416
Dilutive securities (a) (b)	—		—		—		—
Denominator for loss per share—weighted average shares	503,202		503,202		503,416		503,416

Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Loss per share	$	(0.03)	$	(0.03)	$	(0.03)	$	(0.03)


	Nine Months Ended September 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net loss	$	(74,723)	$	(74,723)	$	(44,731)	$	(44,731)
Net earnings attributable to noncontrolling interests	(379)		(379)		(626)		(626)
Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(75,102)	$	(75,102)	$	(45,357)	$	(45,357)

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	502,558		502,558		502,859		502,859
Dilutive securities (a) (b)	—		—		—		—
Denominator for loss per share—weighted average shares	502,558		502,558		502,859		502,859

Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Loss per share	$	(0.15)	$	(0.15)	$	(0.09)	$	(0.09)

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(a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and nine months ended September 30, 2022 and 2021, 22.9 million and 21.2 million of potentially dilutive securities, respectively, were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

(b) Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For the three and nine months ended September 30, 2022 and 2021, 0.9 million and 6.9 million underlying market-based awards and PSUs, respectively, were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.