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SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents revenue by reportable segment:
Three Months Ended March 31,
20252024
(In thousands)
Revenue:
Domestic$212,555 $270,036 
International33,358 35,354 
Total$245,913 $305,390 
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:
Three Months Ended March 31,
20252024
(in thousands)
Domestic
Consumer marketing expense (a)
$65,276 $79,520 
Fixed expense (b)
48,122 50,623 
Pro acquisition expense (c)
39,044 65,928 
Variable expense (d)
26,545 33,061 
Cost of revenue (e)
11,998 11,594 
Total Domestic expenses$190,985 $240,726 
International
Fixed expense (b)
$11,651 $12,397 
Variable expense (d)
5,345 4,581 
Consumer marketing expense (a)
4,961 4,422 
Pro acquisition expense (c)
4,290 6,399 
Cost of revenue (e)
1,017 903 
Total International expenses$27,264 $28,702 
Total expenses$218,249 $269,428 
For the three months ended March 31, 2025, Pro acquisition expense excludes $3.4 million of commissions capitalized in the current period and includes $9.1 million of capitalized commissions amortized from prior periods. For the three months ended March 31, 2024, Pro acquisition expense excludes $11.7 million of commissions capitalized in the current period and includes $13.7 million of capitalized commissions amortized from prior periods.
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(a) 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.
(b) 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.
(c) Pro acquisition expense includes (i) advertising expenditures to promote the brand to Pros 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 segments, 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) 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.
(e) Cost of revenue consists primarily of (i) credit card processing fees, (ii) hosting fees and (iii) payments made to independent third-party Pros who perform work.
Schedule of Segmented Revenue Disaggregated by Service
The following table presents the revenue of the Company’s segments disaggregated by type of service:
Three Months Ended March 31,
20252024
(In thousands)
Domestic:
Lead revenue$115,389 $160,531 
Advertising revenue71,646 77,137 
Services revenue16,911 20,451 
Membership subscription revenue8,562 11,778 
Other revenue47 139 
Total Domestic revenue212,555 270,036 
International:
Lead revenue32,082 29,669 
Membership subscription revenue838 5,382 
Other revenue438 303 
Total International revenue33,358 35,354 
Total revenue$245,913 $305,390 
Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss) The following table presents a summary of Segment Adjusted EBITDA:
Three Months Ended March 31,
20252024
(In thousands)
Segment Adjusted EBITDA:
Domestic$21,566 $29,310 
International6,098 6,652 
Total Segment Adjusted EBITDA$27,664 $35,962 

The following table reconciles total Segment Adjusted EBITDA to earnings before income taxes:

Three Months Ended March 31,
20252024
(In thousands)
Total Segment Adjusted EBITDA$27,664 $35,962 
Stock-based compensation expense2,287 (9,397)
Depreciation(9,948)(23,849)
Interest expense(5,044)(5,038)
Other income, net4,828 4,484 
Earnings before income taxes$19,787 $2,162 
Schedule of Capital Expenditures by Segment
The following table presents capital expenditures by as viewed by the CODM:
Three Months Ended March 31,
20252024
(In thousands)
Capital expenditures:
Domestic$12,574 $12,782 
International— 16 
Total$12,574 $12,798 
Schedule of Revenue by Geographic Areas
Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below:
Three Months Ended March 31,
20252024
(In thousands)
Revenue:
United States$212,495 $269,872 
All other countries33,418 35,518 
Total$245,913 $305,390 
Schedule of Long-lived Assets by Geographic Areas
March 31, 2025December 31, 2024
(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States$107,043 $104,290 
All other countries5,169 5,692 
Total$112,212 $109,982