DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 4—DISCONTINUED OPERATIONS

As part of the Separation described in “Note 2—Summary of Significant Accounting Policies,” the operations of Former IAC businesses other than Match Group are presented as discontinued operations.

The key components of (loss) earnings from discontinued operations for the years ended December 31, 2022, 2021, and 2020 consist of the following:

	Years Ended December 31,
	2022		2021		2020
	(In thousands)
Revenue	$	—	$	—	$	1,410,485
Operating costs and expenses	—		—		(1,840,178)
Operating loss	—		—		(429,693)
Interest expense	—		—		(3,772)
Other expense, net	—		—		(2,503)
Income tax (provision) benefit	(2,211)		509		69,898
(Loss) earnings from discontinued operations	$	(2,211)	$	509	$	(366,070)