| DISCONTINUED OPERATIONS On November 1, 2023, Angi completed the sale of 100% of its wholly-owned subsidiary, THR, and has reflected it as a discontinued operation in its financial statements.
The components of the loss from discontinued operations for the periods January 1, 2023 through November 1, 2023 in the statement of operations consisted of the following: | | | | | | | | | January 1 through November 1, | | | | 2023 | | | | (In thousands) | | Revenue | $ | 90,557 | | | | | Operating costs and expenses: | | | | | Cost of revenue (exclusive of depreciation shown separately below) | 61,476 | | | | | Selling and marketing expense | 17,667 | | | | | General and administrative expense | 14,516 | | | | | | | | | Depreciation | 555 | | | | | | | | | | | | | Total operating costs and expenses | 94,214 | | | | | Operating loss from discontinued operations | (3,657) | | | | | Interest income | 9 | | | | | Loss on sale of discontinued operations | (1,213) | | | | | Loss from discontinued operations before tax | (4,861) | | | | Income tax provision | (5,403) | | | | | Loss from discontinued operations, net of tax | $ | (10,264) | | | |
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