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SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following tables present operating income (loss) and Adjusted EBTIDA by reportable segment:
 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Operating income (loss):
 
 
 
Match Group
$
134,681

 
$
118,828

ANGI Homeservices
(16,296
)
 
(3,641
)
Vimeo
(14,589
)
 
(17,784
)
Dotdash
2,411

 
3,047

Applications
(218,588
)
 
25,356

Emerging & Other
(19,845
)
 
(2,520
)
Corporate
(45,554
)
 
(43,413
)
Total
$
(177,780
)
 
$
79,873


 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Adjusted EBITDA (a):
 
 
 
Match Group
$
171,502

 
$
155,067

ANGI Homeservices
$
34,397

 
$
37,179

Vimeo
$
(11,408
)
 
$
(16,200
)
Dotdash
$
7,011

 
$
7,150

Applications
$
10,151

 
$
29,688

Emerging & Other
$
(16,980
)
 
$
(2,095
)
Corporate
$
(31,398
)
 
$
(20,220
)

_____________________
(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 the Company's performance and that of its competitors. The above items are excluded from the Company's Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
The following table presents revenue by reportable segment:
 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Revenue:
 
 
 
Match Group
$
544,642

 
$
464,625

ANGI Homeservices
343,650

 
303,443

Vimeo
56,968

 
43,581

Dotdash
44,120

 
33,961

Applications
104,148

 
143,549

Emerging & Other
135,305

 
116,748

Inter-segment eliminations
(68
)
 
(64
)
Total
$
1,228,765

 
$
1,105,843
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,
 
2020
 
2019
 
(In thousands)
Match Group
 
 
 
Direct revenue:
 
 
 
North America
$
263,347

 
$
237,773

International
271,477

 
216,189

Total Direct revenue
534,824

 
453,962

Indirect revenue (principally advertising revenue)
9,818

 
10,663

  Total Match Group revenue
$
544,642

 
$
464,625

 
 
 
 
ANGI Homeservices
 
 
 
Marketplace:
 
 
 
Consumer connection revenue
$
239,830

 
$
201,582

Service professional membership subscription revenue
14,115

 
16,517

Other revenue
4,831

 
2,401

Total Marketplace revenue
258,776

 
220,500

Advertising and other revenue
65,356

 
61,494

Total North America revenue
324,132

 
281,994

Consumer connection revenue
15,689

 
17,123

Service professional membership subscription revenue
3,299

 
3,742

Advertising and other revenue
530

 
584


 
Three Months Ended March 31,
 
2020
 
2019
 
(In thousands)
Total Europe revenue
19,518

 
21,449

 Total ANGI Homeservices revenue
$
343,650

 
$
303,443

 
 
 
 
Vimeo
 
 
 
Platform revenue
$
56,968

 
$
41,302

Hardware revenue
—

 
2,279

 Total Vimeo revenue
$
56,968

 
$
43,581

 
 
 
 
Dotdash
 
 
 
Display advertising revenue
$
29,889

 
$
26,008

Performance marketing revenue
14,231

 
7,953

 Total Dotdash revenue
$
44,120

 
$
33,961

 
 
 
 
Applications
 
 
 
Desktop:
 
 
 
Advertising revenue:
 
 
 
Google advertising revenue
$
46,091

 
$
88,050

Non-Google advertising revenue
3,223

 
3,348

Total advertising revenue
49,314

 
91,398

Subscription and other revenue
4,157

 
4,588

 Total Desktop revenue
53,471

 
95,986

Mosaic Group:
 
 
 
Subscription and other revenue
49,071

 
45,148

Advertising revenue
1,606

 
2,415

 Total Mosaic Group revenue
50,677

 
47,563

 Total Applications revenue
$
104,148

 
$
143,549

 
 
 
 
Emerging & Other
 
 
 
Advertising revenue:
 
 
 
Google advertising revenue
$
81,968

 
$
96,273

Non-Google advertising revenue
22,261

 
7,176

Total advertising revenue
104,229

 
103,449

Other revenue
31,076

 
13,299

 Total Emerging & Other revenue
$
135,305

 
$
116,748
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,
 
2020
 
2019
 
(In thousands)
Revenue:
 
 
 
United States
$
787,340

 
$
712,381

All other countries
441,425

 
393,462

Total
$
1,228,765

 
$
1,105,843

 
March 31,
2020
 
December 31,
2019
 
(In thousands)
Long-lived assets (excluding goodwill, intangible assets and ROU assets):
 
 
 
United States
$
348,146

 
$
345,937

All other countries
25,415

 
25,416

   Total
$
373,561

 
$
371,353
Schedule of Reconciliation of Operating Income to Adjusted EBITDA
The following tables reconcile operating income (loss) for the Company's reportable segments and net (loss) earnings attributable to IAC shareholders to Adjusted EBITDA:
 
Three Months Ended March 31, 2020
 
Operating
Income
(Loss)
 
Stock-Based
Compensation
Expense
 
Depreciation
 
Amortization
of Intangibles
 
Acquisition-related Contingent Consideration Fair Value Adjustments
 
Goodwill
Impairment
 

Adjusted
EBITDA
 
(In thousands)
Match Group
$
134,681

 
$
21,172

 
$
9,246

 
$
6,403

 
$
—

 
$
—

 
$
171,502

ANGI Homeservices
(16,296
)
 
$
25,575

 
$
12,138

 
$
12,980

 
$
—

 
$
—

 
$
34,397

Vimeo
(14,589
)
 
$
—

 
$
58

 
$
3,123

 
$
—

 
$
—

 
$
(11,408
)
Dotdash
2,411

 
$
—

 
$
210

 
$
4,390

 
$
—

 
$
—

 
$
7,011

Applications
(218,588
)
 
$
—

 
$
237

 
$
22,811

 
$
(6,282
)
 
$
211,973

 
$
10,151

Emerging & Other
(19,845
)
 
$
25

 
$
385

 
$
2,455

 
$
—

 
$
—

 
$
(16,980
)
Corporate
(45,554
)
 
$
11,692

 
$
2,464

 
$
—

 
$
—

 
$
—

 
$
(31,398
)
Total
(177,780
)
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
(44,866
)
 
 
 
 
 
 
 
 
 
 
 
 
Other expense, net
(49,893
)
 
 
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
(272,539
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit
89,896

 
 
 
 
 
 
 
 
 
 
 
 
Net loss
(182,643
)
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings attributable to noncontrolling interests
(28,397
)
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to IAC shareholders
$
(211,040
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
)
Total
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