DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 4—DISCONTINUED OPERATIONS

As part of the Separation described in “Note 1—Organization,” the operations of Former IAC businesses other than Match Group are presented as discontinued operations.

The key components of earnings (loss) from discontinued operations for the years ended December 31, 2021, 2020, and 2019 consist of the following:

	Years Ended December 31,
	2021		2020		2019
	(In thousands)
Revenue	$	—	$	1,410,485	$	2,705,797
Operating costs and expenses	—		(1,840,178)		(2,769,918)
Operating loss	—		(429,693)		(64,121)
Interest expense	—		(3,772)		(12,993)
Other (expense) income	—		(2,503)		68,767
Income tax benefit	509		69,898		57,534
Earnings (loss) from discontinued operations	$	509	$	(366,070)	$	49,187