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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table presents revenue by reportable segment:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Revenue:
 
 
 
Match Group
$
464,625

 
$
407,367

ANGI Homeservices
303,443

 
255,311

Vimeo
43,581

 
35,568

Dotdash
33,961

 
30,031

Applications
143,549

 
131,987

Emerging & Other
116,748

 
134,885

Inter-segment eliminations
(64
)
 
(74
)
Total
$
1,105,843

 
$
995,075

The following tables present operating income (loss) and Adjusted EBTIDA by reportable segment:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Operating Income (Loss):
 
 
 
Match Group
$
118,828

 
$
112,233

ANGI Homeservices
(3,641
)
 
(10,756
)
Vimeo
(17,784
)
 
(9,748
)
Dotdash
3,047

 
3,191

Applications
25,356

 
25,461

Emerging & Other
(2,520
)
 
6,493

Corporate
(43,413
)
 
(36,924
)
Total
$
79,873

 
$
89,950


 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Adjusted EBITDA(a):
 
 
 
Match Group
$
155,067

 
$
137,741

ANGI Homeservices
$
37,179

 
$
36,640

Vimeo
$
(16,200
)
 
$
(7,784
)
Dotdash
$
7,150

 
$
3,849

Applications
$
29,688

 
$
26,752

Emerging & Other
$
(2,095
)
 
$
8,208

Corporate
$
(20,220
)
 
$
(17,008
)

_____________________
(a) 
The Company's primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our businesses, and this measure is one of the primary metrics on which our internal budgets are based and by which management is compensated. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
Schedule of Disaggregation of Revenue The following table presents the revenue of the Company's segments disaggregated by type of service:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Match Group
 
 
 
Direct revenue:
 
 
 
North America
$
237,773

 
$
211,357

International
216,189

 
181,380

Total Direct revenue
453,962

 
392,737

Indirect revenue (principally advertising revenue)
10,663

 
14,630

  Total Match Group revenue
$
464,625

 
$
407,367

 
 
 
 
ANGI Homeservices
 
 
 
Marketplace:
 
 
 
Consumer connection revenue
$
201,582

 
$
149,060

Membership subscription revenue
16,517

 
15,627

Other revenue
1,826

 
921

Marketplace revenue
219,925

 
165,608

Advertising and other revenue
62,069

 
70,418

Total North America
281,994

 
236,026

Consumer connection revenue
17,123

 
14,367

Membership subscription revenue
3,742

 
4,671

Advertising and other revenue
584

 
247

Total Europe
21,449

 
19,285

 Total ANGI Homeservices revenue
$
303,443

 
$
255,311

 
 
 
 
Vimeo
 
 
 
Platform revenue
$
41,302

 
$
32,932

Hardware revenue
2,279

 
2,636

 Total Vimeo revenue
$
43,581

 
$
35,568

 
 
 
 
Dotdash
 
 
 
Advertising revenue
$
28,919

 
$
25,744

Affiliate commerce commission and other revenue
5,042

 
4,287


 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
 Total Dotdash revenue
$
33,961

 
$
30,031

 
 
 
 
Applications
 
 
 
Desktop
 
 
 
Advertising revenue:
 
 
 
Google advertising revenue
$
88,050

 
$
108,577

Other
3,348

 
1,695

Advertising revenue
91,398

 
110,272

Subscription and other revenue
4,588

 
7,316

 Total Desktop
95,986

 
117,588

Mosaic Group
 
 
 
Subscription and other revenue
45,148

 
9,009

Advertising revenue
2,415

 
5,390

 Total Mosaic Group
47,563

 
14,399

 Total Applications revenue
$
143,549

 
$
131,987

 
 
 
 
Emerging & Other
 
 
 
Advertising revenue:
 
 
 
Google advertising revenue
$
96,273

 
$
92,751

Other
6,977

 
13,269

Advertising revenue
103,250

 
106,020

Other revenue
13,498

 
28,865

 Total Emerging & Other revenue
$
116,748

 
$
134,885

Schedule of Revenue and Long-lived Assets, Excluding Goodwill and Intangible Assets, by Geography Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:
 
Three Months Ended March 31,
 
2019
 
2018
 
(In thousands)
Revenue:
 
 
 
United States
$
712,381

 
$
657,580

All other countries
393,462

 
337,495

Total
$
1,105,843

 
$
995,075

 
March 31,
2019
 
December 31,
2018
 
(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
 
 
 
United States
$
298,534

 
$
289,756

All other countries
27,354

 
29,044

   Total
$
325,888

 
$
318,800

Schedule of Reconciliation of Operating Income to Adjusted EBITDA The following tables reconcile operating income (loss) for the Company's reportable segments and net earnings attributable to IAC shareholders to Adjusted EBITDA:
 
Three Months Ended March 31, 2019
 
Operating
Income
(Loss)
 
Stock-Based
Compensation
Expense
 
Depreciation
 
Amortization
of Intangibles
 
Acquisition-related Contingent Consideration Fair Value Adjustments
 

Adjusted
EBITDA
 
(In thousands)
Match Group
$
118,828

 
$
27,997

 
$
7,831

 
$
411

 
$

 
$
155,067

ANGI Homeservices
(3,641
)
 
$
19,282

 
$
6,999

 
$
14,539

 
$

 
$
37,179

Vimeo
(17,784
)
 
$

 
$
193

 
$
1,391

 
$

 
$
(16,200
)
Dotdash
3,047

 
$

 
$
226

 
$
3,877

 
$

 
$
7,150

Applications
25,356

 
$

 
$
419

 
$
2,384

 
$
1,529

 
$
29,688

Emerging & Other
(2,520
)
 
$

 
$
275

 
$
150

 
$

 
$
(2,095
)
Corporate
(43,413
)
 
$
20,165

 
$
3,028

 
$

 
$

 
$
(20,220
)
Operating income
79,873

 
 
 
 
 
 
 
 
 
 
Interest expense
(31,143
)
 
 
 
 
 
 
 
 
 
 
Other income, net
651

 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
49,381

 
 
 
 
 
 
 
 
 
 
Income tax benefit
63,604

 
 
 
 
 
 
 
 
 
 
Net earnings
112,985

 
 
 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(24,290
)
 
 
 
 
 
 
 
 
 
 
Net earnings attributable to IAC shareholders
$
88,695

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2018
 
Operating
Income
(Loss)
 
Stock-Based
Compensation
Expense
 
Depreciation
 
Amortization
of Intangibles
 
Acquisition-related Contingent Consideration Fair Value Adjustments
 

Adjusted
EBITDA
 
(In thousands)
Match Group
$
112,233

 
$
16,963

 
$
8,147

 
$
242

 
$
156

 
$
137,741

ANGI Homeservices
(10,756
)
 
$
24,906

 
$
6,184

 
$
16,306

 
$

 
$
36,640

Vimeo
(9,748
)
 
$

 
$
335

 
$
1,629

 
$

 
$
(7,784
)
Dotdash
3,191

 
$

 
$
249

 
$
409

 
$

 
$
3,849

Applications
25,461

 
$

 
$
755

 
$
536

 
$

 
$
26,752

Emerging & Other
6,493

 
$
131

 
$
753

 
$
831

 
$

 
$
8,208

Corporate
(36,924
)
 
$
17,082

 
$
2,834

 
$

 
$

 
$
(17,008
)
Operating income
89,950

 
 
 
 
 
 
 
 
 
 
Interest expense
(26,505
)
 
 
 
 
 
 
 
 
 
 
Other expense, net
(4,619
)
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes
58,826

 
 
 
 
 
 
 
 
 
 
Income tax benefit
29,013

 
 
 
 
 
 
 
 
 
 
Net earnings
87,839

 
 
 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(16,757
)
 
 
 
 
 
 
 
 
 
 
Net earnings attributable to IAC shareholders
$
71,082