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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue $ 498,036 $ 461,565 $ 1,449,977 $ 1,269,582
Cost of revenue (exclusive of depreciation shown separately below) 109,057 99,467 335,826 222,999
Gross profit 388,979 362,098 1,114,151 1,046,583
Operating costs and expenses:        
Selling and marketing expense 234,397 237,755 711,357 682,626
General and administrative expense 128,260 103,086 357,541 298,734
Product development expense 15,816 17,675 54,629 54,474
Depreciation 17,759 14,701 45,112 45,728
Amortization of intangibles 3,805 3,854 11,413 12,616
Total operating costs and expenses 400,037 377,071 1,180,052 1,094,178
Operating loss (11,058) (14,973) (65,901) (47,595)
Interest expense (5,030) (6,032) (15,078) (18,463)
Other expense, net (2,296) (479) (4,437) (1,882)
Loss before income taxes (18,384) (21,484) (85,416) (67,940)
Income tax benefit 945 4,791 10,693 23,209
Net loss (17,439) (16,693) (74,723) (44,731)
Net earnings attributable to noncontrolling interests (40) (302) (379) (626)
Net loss attributable to Angi Inc. shareholders $ (17,479) $ (16,995) $ (75,102) $ (45,357)
Per share information attributable to Angi Inc. shareholders:        
Basic loss per share (USD per share) $ (0.03) $ (0.03) $ (0.15) $ (0.09)
Diluted loss per share (USD per share) $ (0.03) $ (0.03) $ (0.15) $ (0.09)
Stock-based compensation expense by function:        
Stock-Based Compensation Expense $ 12,376 $ 8,813 $ 38,778 $ 20,390
Selling and marketing expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense 1,544 1,256 4,674 3,138
General and administrative expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense 8,755 5,836 27,052 13,330
Product development expense        
Stock-based compensation expense by function:        
Stock-Based Compensation Expense $ 2,077 $ 1,721 $ 7,052 $ 3,922