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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with the chief operating decision maker’s (“CODM”) view of the businesses. The Executive Committee, which is comprised of the CEO of the Company and the Chairman of the Company’s board of directors, is the CODM of the Company. In addition, the Company considers the organization of its businesses in terms of segment management and the focus of the businesses with regards to the types of services or products offered or the target market.

Disaggregated Revenue

The following table presents revenue by reportable segment:
Year Ended December 31,
202420232022
(In thousands)
Revenue:
Domestic
Ads and Leads$962,601 $1,124,908 $1,282,061 
Services93,521 118,033 381,256 
Total Domestic1,056,122 1,242,941 1,663,317 
International128,990 115,807 101,038 
Total$1,185,112 $1,358,748 $1,764,355 
The following table presents the revenue of the Company’s segments disaggregated by type of service:
Year Ended December 31,
202420232022
(In thousands)
Domestic
Ads and Leads:
Consumer connection revenue$606,560 $781,089 $954,735 
Advertising revenue312,281 290,799 265,466 
Membership subscription revenue43,076 52,305 60,411 
Other revenue684 715 1,449 
Total Ads and Leads revenue962,601 1,124,908 1,282,061 
Services revenue93,521 118,033 381,256 
Total Domestic revenue1,056,122 1,242,941 1,663,317 
International
Consumer connection revenue106,324 92,635 71,851 
Membership subscription revenue21,709 22,548 28,192 
Other revenue957 624 995 
Total International revenue128,990 115,807 101,038 
Total revenue$1,185,112 $1,358,748 $1,764,355 
Segment Expenses
The following table presents the significant expenses included in the Company’s segment reporting performance measure, Segment Adjusted EBITDA, that are regularly provided to the CODM:
Year Ended December 31,
202420232022
(In thousands)
Domestic (a)
Consumer marketing expense (b)
$309,139 $435,620 $520,744 
Professional acquisition expense (c)
233,645 274,209 296,374 
Fixed expense (d)
206,687 212,837 226,030 
Variable expense (e)
124,150 155,776 218,644 
Cost of revenue (f)
53,139 59,095 334,565 
Total Domestic expenses926,760 1,137,537 1,596,357 
International
Fixed expense (d)
51,393 48,422 46,064 
Professional acquisition expense (c)
22,326 21,769 21,418 
Variable expense (e)
19,533 16,184 10,902 
Consumer marketing expense (b)
15,346 12,906 20,304 
Cost of revenue (f)
4,439 3,452 2,831 
Total International expenses113,037 102,733 101,519 
Total expenses$1,039,797 $1,240,270 $1,697,876 
_____________________
(a) Domestic expenses are provided in total to the CODM rather than at the segment level.
(b) Consumer marketing expense includes (i) advertising expenditures to promote the brand to consumers with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to our brands, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising, (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for consumer marketing personnel and (iii) outsourced personnel costs.
(c) Professional acquisition expense includes (i) advertising expenditures to promote the brand to professionals with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to the brands within the Angi segment, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising and (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for professional acquisition sales and marketing personnel.
(d) Fixed expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in (a) the design, development, testing, and enhancement of product offerings and related technology and (b) executive management, finance, legal, tax, marketing and human resources functions, (ii) software license and maintenance costs, (iii) rent expense and facilities costs (including impairments of ROU assets), (iv) fees for professional services and (iv) outsourced personnel costs for personnel engaged in product development.
(e) Variable expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in customer service functions, (ii) provision for credit losses, (iii) outsourced personnel costs for personnel engaged in assisting in customer service functions and (iv) service guarantee expense.
(f) Cost of revenue consists primarily of (i) credit card processing fees, (ii) hosting fees and (iii) payments made to independent third-party professionals who perform work.
Segment Reporting Performance Measure and Reconciliations

Adjusted EBITDA is the Company’s primary financial and GAAP segment measure. Adjusted EBITDA is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of, if applicable, (i) amortization of intangible assets and impairments of goodwill and intangible assets and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. Adjusted EBITDA is the segment reporting performance measure used by the CODM as one of the metrics by which we evaluate the performance of the Company and our internal budgets are based and may impact management compensation. The following table presents a summary of Segment Adjusted EBITDA:
Year Ended December 31,
202420232022
(In thousands)
Segment Adjusted EBITDA
Domestic
Ads and Leads$180,334 $147,357 $168,952 
Services4,469 8,123 (52,126)
Other(g)
(55,441)(50,076)(49,866)
Total Domestic129,362 105,404 66,960 
International15,953 13,074 (481)
Total Segment Adjusted EBITDA$145,315 $118,478 $66,479 

The following table reconciles total Segment Adjusted EBITDA to earnings (loss) from continuing operations before income taxes:

Year Ended December 31,
202420232022
(In thousands)
Total Segment Adjusted EBITDA$145,315 $118,478 $66,479 
Stock-based compensation expense(34,778)(43,414)(50,802)
Depreciation(86,052)(93,604)(77,523)
Amortization of intangibles(2,600)(7,958)(13,774)
Interest expense(20,169)(20,137)(20,107)
Other income, net18,361 18,427 1,169 
Earnings (loss) from continuing operations before income taxes$20,077 $(28,208)$(94,558)
_____________________

(g) Other comprises unallocated corporate expenses.
Capital Expenditures
The following table presents capital expenditures by as viewed by the CODM:
Year Ended December 31,
202420232022
(In thousands)
Capital expenditures:
Ads and Leads$48,139 $44,692 $76,786 
Services2,337 2,551 35,833 
International16 537 2,860 
Total$50,492 $47,780 $115,479 
Asset information is not provided to the Company’s CODM as that information is not used in the allocation of resources or in assessing the performance of the Company’s segments.
Geographic Information

Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located.
Year Ended December 31,
202420232022
(In thousands)
Revenue
United States$1,055,841 $1,242,092 $1,660,373 
All other countries129,271 116,656 103,982 
Total$1,185,112 $1,358,748 $1,764,355 

December 31, 2024December 31, 2023
(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States$104,290 $145,710 
All other countries5,692 9,788 
Total$109,982 $155,498