v3.24.3
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 296,719 $ 351,231 $ 917,243 $ 1,058,315
Cost of revenue (exclusive of depreciation shown separately below) 14,750 13,663 41,399 45,308
Gross Profit 281,969 337,568 875,844 1,013,007
Operating costs and expenses:        
Selling and marketing expense 155,443 200,105 470,817 608,592
General and administrative expense 76,827 98,702 246,717 288,536
Product development expense 24,314 21,497 72,849 72,358
Depreciation 17,568 22,493 65,741 69,687
Amortization of intangibles 0 2,633 0 7,958
Total operating costs and expenses 274,152 345,430 856,124 1,047,131
Operating income (loss) 7,817 (7,862) 19,720 (34,124)
Interest expense (5,045) (5,037) (15,124) (15,100)
Other income, net 5,979 3,890 15,033 12,881
Earnings (loss) from continuing operations before income taxes 8,751 (9,009) 19,629 (36,343)
Income tax benefit 26,612 6,057 18,505 3,813
Net earnings (loss) from continuing operations 35,363 (2,952) 38,134 (32,530)
Loss from discontinued operations, net of tax 0 (2,335) 0 (2,236)
Net earnings (loss) 35,363 (5,287) 38,134 (34,766)
Net earnings attributable to noncontrolling interests (202) (69) (844) (614)
Net earnings (loss) attributable to Angi Inc. shareholders $ 35,161 $ (5,356) $ 37,290 $ (35,380)
Per share information from continuing operations:        
Basic earnings (loss) per share (USD per share) $ 0.07 $ (0.01) $ 0.07 $ (0.07)
Diluted earnings (loss) per share (USD per share) 0.07 (0.01) 0.07 (0.07)
Per share information attributable to Angi Inc. shareholders:        
Basic earnings (loss) per share (USD per share) 0.07 (0.01) 0.07 (0.07)
Diluted earnings (loss) per share (USD per share) $ 0.07 $ (0.01) $ 0.07 $ (0.07)
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 10,024 $ 10,581 $ 28,093 $ 33,590
Selling and marketing expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 1,151 1,797 3,528 4,530
General and administrative expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense 7,309 6,771 20,309 21,938
Product development expense        
Stock-based compensation expense by function:        
Total stock-based compensation expense $ 1,564 $ 2,013 $ 4,256 $ 7,122