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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue $ 375,068 $ 515,782 $ 767,475 $ 951,941
Cost of revenue (exclusive of depreciation shown separately below) 31,662 127,771 73,703 226,769
Gross profit 343,406 388,011 693,772 725,172
Operating costs and expenses:        
Selling and marketing expense 212,713 251,159 417,622 476,960
General and administrative expense 96,985 119,626 199,503 229,281
Product development expense 25,549 20,954 50,861 38,813
Depreciation 22,179 13,354 47,614 27,353
Amortization of intangibles 2,663 3,804 5,325 7,608
Total operating costs and expenses 360,089 408,897 720,925 780,015
Operating loss (16,683) (20,886) (27,153) (54,843)
Interest expense (5,034) (5,026) (10,063) (10,048)
Other income (expense),net 5,188 (1,750) 8,999 (2,141)
Loss before income taxes (16,529) (27,662) (28,217) (67,032)
Income tax benefit (provision) 2,050 3,665 (1,262) 9,748
Net loss (14,479) (23,997) (29,479) (57,284)
Net earnings attributable to noncontrolling interests (220) (235) (545) (338)
Net loss attributable to Angi Inc. shareholders $ (14,699) $ (24,232) $ (30,024) $ (57,622)
Per share information attributable to Angi Inc. shareholders:        
Basic loss per share (USD per share) $ (0.03) $ (0.05) $ (0.06) $ (0.11)
Diluted loss per share (USD per share) $ (0.03) $ (0.05) $ (0.06) $ (0.11)
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 10,130 $ 13,417 $ 23,007 $ 26,402
Selling and marketing expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 1,484 1,891 2,764 3,130
General and administrative expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 6,236 8,662 15,134 18,297
Product development expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 2,410 $ 2,864 $ 5,109 $ 4,975