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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents revenue by reportable segment:
Years Ended December 31,
202320222021
(In thousands)
Revenue:
Domestic
Ads and Leads$1,124,908 $1,282,061 $1,227,074 
Services118,033 381,256 289,948 
Total Domestic1,242,941 1,663,317 1,517,022 
International115,807 101,038 102,295 
Total$1,358,748 $1,764,355 $1,619,317 
Schedule of Segmented Revenue Disaggregated by Service
The following table presents the revenue of the Company’s segments disaggregated by type of service:
Years Ended December 31,
202320222021
(In thousands)
Domestic
Ads and Leads:
Consumer connection revenue$781,089 $954,735 $898,422 
Advertising revenue290,799 265,466 252,206 
Membership subscription revenue52,305 60,411 68,062 
Other revenue715 1,449 8,384 
Total Ads and Leads revenue1,124,908 1,282,061 1,227,074 
Services revenue118,033 381,256 289,948 
Total Domestic revenue1,242,941 1,663,317 1,517,022 
International
Consumer connection revenue92,635 71,851 68,686 
Service professional membership subscription revenue22,548 28,192 32,367 
Advertising and other revenue624 995 1,242 
Total International revenue115,807 101,038 102,295 
Total revenue$1,358,748 $1,764,355 $1,619,317 
Schedule of Revenue by Geographic Areas
Geographic information about revenue and long-lived assets is presented below.
Years Ended December 31,
202320222021
(In thousands)
Revenue
United States$1,242,092 $1,660,373 $1,514,930 
All other countries116,656 103,982 104,387 
Total$1,358,748 $1,764,355 $1,619,317 
Schedule of Long-lived Assets by Geographic Areas
December 31, 2023December 31, 2022
(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States$145,710 $199,744 
All other countries9,788 9,128 
Total$155,498 $208,872 
Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)
The following tables present operating income (loss) and Adjusted EBITDA by reportable segment:
Years Ended December 31,
202320222021
(In thousands)
Operating income (loss):
Ads and Leads$50,043 $85,593 $65,485 
Services(23,450)(95,166)(63,984)
Corporate(61,377)(61,794)(56,196)
International8,286 (4,253)(13,222)
Total$(26,498)$(75,620)$(67,917)
Years Ended December 31,
202320222021
(In thousands)
Adjusted EBITDA(a):
Ads and Leads$147,357 $168,952 $136,260 
Services8,123 (52,126)(48,203)
Corporate(50,076)(49,866)(46,066)
International13,074 (481)(6,615)
Total$118,478 $66,479 $35,376 
(a)    The Company’s primary financial measure and GAAP segment 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.
We consider operating income (loss) to be the financial measure calculated and presented in accordance with GAAP that is most directly comparable to our segment reporting performance measure, Adjusted EBITDA. The following tables reconcile operating income (loss) for the Company’s reportable segments and net loss attributable to Angi Inc. shareholders to Adjusted EBITDA:
Year Ended December 31, 2023
Operating Income (Loss)Stock-Based
Compensation Expense
DepreciationAmortization
of Intangibles
Adjusted
EBITDA(b)
(In thousands)
Ads and Leads$50,043 $23,145 $66,211 $7,958 $147,357 
Services(23,450)7,586 23,987 — 8,123 
Corporate(61,377)11,301 — — (50,076)
International8,286 1,382 3,406 — 13,074 
Total(26,498)$43,414 $93,604 $7,958 $118,478 
Interest expense(20,137)
Other income, net18,427 
Loss from continuing operations before income taxes(28,208)
Income tax provision(1,839)
Net loss from continuing operations(30,047)
Loss from discontinued operations, net of tax(10,264)
Net loss(40,311)
Net earnings attributable to noncontrolling interests(629)
Net loss attributable to Angi Inc. shareholders$(40,940)
Year Ended December 31, 2022
Operating Income (Loss)Stock-Based
Compensation Expense
DepreciationAmortization
of Intangibles
Adjusted
EBITDA(b)
(In thousands)
Ads and Leads$85,593 $19,972 $52,737 $10,650 $168,952 
Services(95,166)18,012 21,904 3,124 (52,126)
Corporate(61,794)11,928 — — (49,866)
International(4,253)890 2,882 — (481)
Total(75,620)$50,802 $77,523 $13,774 $66,479 
Interest expense(20,107)
Other income, net1,169 
Loss from continuing operations before income taxes(94,558)
Income tax benefit5,390 
Net loss from continuing operations(89,168)
Loss from discontinued operations, net of tax(38,814)
Net loss(127,982)
Net earnings attributable to noncontrolling interests(468)
Net loss attributable to Angi Inc. shareholders$(128,450)
 Year Ended December 31, 2021
Operating Income (Loss)Stock-Based
Compensation Expense
DepreciationAmortization
of Intangibles
Adjusted
EBITDA
(In thousands)
Ads and Leads$65,485 $12,722 $46,025 $12,028 $136,260 
Services(63,984)4,672 7,049 4,060 (48,203)
Corporate(56,196)10,121 — (46,066)
International(13,222)656 5,951 — (6,615)
Total(67,917)$28,171 $59,025 $16,097 $35,376 
Interest expense(23,485)
Other expense, net(2,510)
Loss from continuing operations before income taxes(93,912)
Income tax benefit29,894 
Net loss from continuing operations(64,018)
Loss from discontinued operations, net of tax(6,476)
Net loss(70,494)
Net earnings attributable to noncontrolling interests(884)
Net loss attributable to Angi Inc. shareholders$(71,378)
Schedule of Capital Expenditures by Segment
The following table presents capital expenditures by reportable segment:
Years Ended December 31,
202320222021
(In thousands)
Capital expenditures:
Ads and Leads$44,692 $76,786 $50,026 
Services2,551 35,833 17,439 
International537 2,860 2,444 
Total$47,780 $115,479 $69,909