Angi (ANGI) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 06, 2018
Entity Registrant Name	ANGI Homeservices Inc.
Entity Central Index Key	1,705,110
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Entity Common Stock Outstanding (shares)		65,481,643
Class B Common Stock
Entity Common Stock Outstanding (shares)		415,884,757
Class C Common Stock
Entity Common Stock Outstanding (shares)		0

CONSOLIDATED BALANCE SHEET (Una

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 255,595	$ 221,521
Accounts receivable, net of allowance and reserves of $15,934 and $9,263, respectively	43,411	28,085
Other current assets	54,978	12,772
Total current assets	353,984	262,378
Property and equipment, net of accumulated depreciation and amortization of $29,868 and $24,368, respectively	53,396	53,292
Goodwill	768,976	770,226
Intangible assets, net of accumulated amortization of $67,351 and $36,289, respectively	296,227	328,571
Deferred income taxes	47,696	50,723
Other non-current assets	8,022	2,072
TOTAL ASSETS	1,528,301	1,467,262
LIABILITIES:
Current portion of long-term debt	13,750	13,750
Current portion of long-term debt—related party	0	816
Accounts payable	22,389	18,933
Deferred revenue	69,411	62,371
Accrued expenses and other current liabilities	66,448	75,171
Total current liabilities	171,998	171,041
Long-term debt, net	251,740	258,312
Long-term debt—related party, net	1,576	1,997
Deferred income taxes	4,410	5,626
Other long-term liabilities	9,247	5,892
Redeemable noncontrolling interests	21,840	21,300
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	1,138,938	1,112,400
Accumulated deficit	(82,101)	(121,764)
Accumulated other comprehensive income	1,091	2,232
Total ANGI Homeservices Inc. shareholders' equity	1,058,409	993,346
Noncontrolling interests	9,081	9,748
Total shareholders' equity	1,067,490	1,003,094
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,528,301	1,467,262
Class A common stock, $0.001 par value; authorized 2,000,000 shares; 65,416 and 62,818 shares issued and outstanding, respectively
SHAREHOLDERS' EQUITY:
Common stock	65	63
Class B convertible common stock, $0.001 par value; authorized 1,500,000 shares; 415,885 and 415,186 shares issued and outstanding, respectively
SHAREHOLDERS' EQUITY:
Common stock	416	415
Class C common stock, $0.001 par value; authorized 1,500,000 shares; no shares issued and outstanding
SHAREHOLDERS' EQUITY:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEET (Un3

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Accounts receivable allowance	$ 15,934	$ 9,263
Property and equipment accumulated depreciation and amortization	29,868	24,368
Accumulated amortization of intangible assets	$ 67,351	$ 36,289
Class A common stock, $0.001 par value; authorized 2,000,000 shares; 65,416 and 62,818 shares issued and outstanding, respectively
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	2,000,000,000	2,000,000,000
Common stock issued (shares)	65,416,000	62,818,000
Common stock outstanding (shares)	65,416,000	62,818,000
Class B convertible common stock, $0.001 par value; authorized 1,500,000 shares; 415,885 and 415,186 shares issued and outstanding, respectively
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	415,885,000	415,186,000
Common stock outstanding (shares)	415,885,000	415,186,000
Class C common stock, $0.001 par value; authorized 1,500,000 shares; no shares issued and outstanding
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	0	0
Common stock outstanding (shares)	0	0

CONSOLIDATED AND COMBINED STATE

CONSOLIDATED AND COMBINED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue	$ 294,822	$ 180,711	$ 550,133	$ 331,456
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	14,703	7,562	28,298	14,392
Selling and marketing expense	141,843	110,922	279,775	206,788
General and administrative expense	79,688	52,152	155,958	88,874
Product development expense	13,662	6,943	29,442	12,519
Depreciation	5,886	3,218	12,070	6,214
Amortization of intangibles	15,778	2,750	32,084	4,117
Total operating costs and expenses	271,560	183,547	537,627	332,904
Operating income (loss)	23,262	(2,836)	12,506	(1,448)
Interest expense—third party	(3,011)	0	(5,665)	0
Interest expense—related party	(34)	(2,082)	(79)	(3,674)
Other income, net	1,053	505	1,409	736
Earnings (loss) before income taxes	21,270	(4,413)	8,171	(4,386)
Income tax benefit	1,753	4,388	5,738	30,248
Net earnings (loss)	23,023	(25)	13,909	25,862
Net (earnings) loss attributable to noncontrolling interests	(124)	279	105	1,005
Net earnings attributable to ANGI Homeservices Inc. shareholders	$ 22,899	$ 254	$ 14,014	$ 26,867
Per share information attributable to ANGI Homeservices Inc. shareholders:
Basic earnings per share (USD per share)	$ 0.05	$ 0	$ 0.03	$ 0.06
Diluted earnings per share (USD per share)	$ 0.05	$ 0	$ 0.03	$ 0.06
Stock-based compensation expense by function:
Stock-based compensation expense	$ 22,053	$ 11,839	$ 46,959	$ 16,300
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	(1)	8		10
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	997	195	1,658	693
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	19,312	11,302	41,005	14,918
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 1,745	$ 334	$ 4,296	$ 679

CONSOLIDATED AND COMBINED STAT5

CONSOLIDATED AND COMBINED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net earnings (loss)	$ 23,023	$ (25)	$ 13,909	$ 25,862
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	(5,955)	1,006	(1,451)	2,013
Total other comprehensive (loss) income	(5,955)	1,006	(1,451)	2,013
Comprehensive income	17,068	981	12,458	27,875
Components of comprehensive loss (income) attributable to noncontrolling interests:
Net (earnings) loss attributable to noncontrolling interests	(124)	279	105	1,005
Change in foreign currency translation adjustment attributable to noncontrolling interests	822	(676)	310	(522)
Comprehensive loss (income) attributable to noncontrolling interests	698	(397)	415	483
Comprehensive income attributable to ANGI Homeservices Inc. shareholders	$ 17,766	$ 584	$ 12,873	$ 28,358

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total ANGI Homeservices Inc. Shareholders' Equity	Redeemable Noncontrolling Interests	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income	Noncontrolling Interests
Increase (Decrease) in Shareholders' Equity
Cumulative effect of adoption of ASU No. 2014-09	$ 25,649	$ 25,649						$ 25,649
Balance at beginning of period at Dec. 31, 2017	21,300		$ 21,300
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			(89)
Other comprehensive loss			(218)
Stock-based compensation expense			800
Purchase of redeemable noncontrolling interests			(53)
Adjustment of redeemable noncontrolling interests to fair value			61
Other			39
Balance at end of period at Jun. 30, 2018	21,840		$ 21,840
Balance at beginning of period at Dec. 31, 2017	1,003,094	993,346		$ 63	$ 415	$ 0	$ 1,112,400	(121,764)	$ 2,232	$ 9,748
Balance at beginning of period (shares) at Dec. 31, 2017				62,818,000	415,186,000	0
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	13,998	14,014						14,014		(16)
Other comprehensive loss	(1,233)	(1,141)							(1,141)	(92)
Stock-based compensation expense	46,159	46,159					46,159
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(19,290)	(19,290)		$ 2			(19,292)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				2,598,000
Issuance of common stock to IAC pursuant to the employee matters agreement	0				$ 1		(1)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					699,000
Purchase of noncontrolling interests	(818)									(818)
Adjustment of redeemable noncontrolling interests to fair value	(61)	(61)					(61)
Other	(8)	(267)					(267)			259
Balance at end of period at Jun. 30, 2018	$ 1,067,490	$ 1,058,409		$ 65	$ 416	$ 0	$ 1,138,938	$ (82,101)	$ 1,091	$ 9,081
Balance at end of period (shares) at Jun. 30, 2018				65,416,000	415,885,000	0

CONSOLIDATED STATEMENT OF SHAR7

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Class B Common Stock
Common stock, par value (USD per share)	0.001	0.001
Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001

CONSOLIDATED AND COMBINED STAT8

CONSOLIDATED AND COMBINED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net earnings	$ 13,909	$ 25,862
Adjustments to reconcile net earnings to net cash provided by operating activities:
Stock-based compensation expense	46,959	16,300
Amortization of intangibles	32,084	4,117
Bad debt expense	20,581	13,741
Depreciation	12,070	6,214
Deferred income taxes	(6,416)	6,519
Other adjustments, net	164	(356)
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable	(36,951)	(23,720)
Other assets	(14,217)	(3,914)
Accounts payable and other liabilities	(1,673)	16,472
Income taxes payable and receivable	667	(36,931)
Deferred revenue	6,389	6,682
Net cash provided by operating activities	73,566	30,986
Cash flows from investing activities:
Acquisitions, net of cash acquired		(46,429)
Capital expenditures	(21,448)	(9,628)
Proceeds from sale of fixed assets	10,410
Net cash used in investing activities	(11,038)	(56,057)
Cash flows from financing activities:
Principal payments on term loan	(6,875)	0
Proceeds from issuance of related party debt	0	51,855
Principal payments on related party debt	(1,322)	(2,838)
Proceeds from the exercise of stock options	2,125	0
Withholding taxes paid on behalf of employees on net settled stock-based awards	(21,439)	0
Transfers to IAC/InterActiveCorp for periods prior to the Combination	0	(13,990)
Purchase of noncontrolling interests	(871)	(12,361)
Other, net	39
Net cash (used in) provided by financing activities	(28,343)	22,666
Total cash provided (used)	34,185	(2,405)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(111)	825
Net increase (decrease) in cash, cash equivalents, and restricted cash	34,074	(1,580)
Cash, cash equivalents, and restricted cash at beginning of period	221,521	46,925
Cash, cash equivalents, and restricted cash at end of period	$ 255,595	$ 45,345

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of operations ANGI Homeservices Inc. connects millions of homeowners to home service professionals through its portfolio of digital home service brands, including HomeAdvisor® and Angie’s List®. Combined, these leading marketplaces allow homeowners to match, research, and connect on-demand to the largest network of service professionals either online, through our mobile apps, or by voice assistants. The network of service professionals across our platforms is supported by 15 million consumer reviews submitted on hundreds of thousands of service professionals, collected over the course of 20 years . ANGI Homeservices owns and operates brands in eight countries. On September 29, 2017, IAC/InterActiveCorp's ("IAC") HomeAdvisor business and Angie's List Inc. ("Angie's List") combined under a new publicly traded company called ANGI Homeservices Inc. (the "Combination"). At June 30, 2018 , IAC owned 86.4% and 98.5% of the economic and voting interest, respectively, of ANGI Homeservices. The Company has two operating segments: (i) North America, which primarily includes HomeAdvisor, Angie's List, mHelpDesk and HomeStars, and (ii) Europe, which includes Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. All references to "ANGI Homeservices," the "Company," "ANGI," "we," "our" or "us" in this report are to ANGI Homeservices Inc. Basis of Presentation and Consolidation The Company prepares its consolidated and combined financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company's financial statements were prepared on a consolidated basis beginning September 29, 2017 and on a combined basis for periods prior thereto. The difference in presentation is due to the fact that the final steps of the legal reorganization through which IAC contributed the HomeAdvisor business and cash to fund the cash consideration paid in the Combination to ANGI Homeservices Inc. were not completed, as planned, until immediately prior to September 29, 2017. The preparation of the financial statements on a combined basis for periods prior thereto allows for the financial statements to be presented on a consistent basis for all periods presented. The combined financial statements have been prepared on a standalone basis and are derived from the historical consolidated financial statements and accounting records of IAC through September 29, 2017. The combined financial statements reflect the historical financial position, results of operations and cash flows of the businesses comprising the HomeAdvisor business since their respective dates of acquisition by IAC. The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. The consolidated and combined financial statements reflect the allocation to ANGI Homeservices of certain IAC corporate expenses relating to the HomeAdvisor business based on the historical consolidated financial statements and accounting records of IAC through September 29, 2017. However, the allocations may not reflect the expenses that the Company may have incurred as a standalone public company for the periods presented. For the purpose of these financial statements, income taxes have been computed as if ANGI Homeservices filed on a standalone, separate tax return basis. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) ANGI Homeservices and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. The promissory note payable to a foreign subsidiary of IAC is included in “Long-term debt—related party” in the accompanying consolidated balance sheet. See " Note 11—Related Party Transactions with IAC " for additional information on transactions between ANGI Homeservices and IAC. In the opinion of management, the assumptions underlying the historical consolidated and combined financial statements, including the basis on which certain corporate expenses have been allocated from IAC, are reasonable and the unaudited interim consolidated and combined financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of our financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated and combined financial statements should be read in conjunction with the audited consolidated and combined financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017. Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated and combined financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recoverability of definite-lived intangible assets and property and equipment; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant. Recent accounting pronouncements Accounting Pronouncements adopted by the Company In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 supersedes nearly all existing revenue recognition guidance under GAAP. The Company adopted ASU No. 2014-09 effective January 1, 2018 using the modified retrospective transition method for open contracts as of the date of initial application. The effect of the adoption of ASU No. 2014-09 is that commissions paid to employees pursuant to certain sales incentive programs, which represent the incremental direct costs of obtaining a service professional contract, are now capitalized and amortized over the estimated life of a service professional (also referred to as the estimated customer relationship period). These costs were expensed as incurred prior to January 1, 2018. The cumulative effect of the adoption of ASU No. 2014-09 was the establishment of a current and non-current asset for capitalized sales commissions of $29.7 million and $4.2 million , respectively, and a related deferred tax liability of $8.3 million , resulting in a net increase to retained earnings of $25.6 million on January 1, 2018. The adoption of ASU No. 2014-09 is expected to reduce sales commissions expense for the year ending December 31, 2018 by approximately $10.0 million . See " Note 2—Revenue Recognition " for additional information on the impact to the Company. The Company's disaggregated revenue disclosures are presented in " Note 9—Segment information ." The following tables present the impact of the adoption of ASU No. 2014-09 by segment under Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , as reported, and ASC 605, Revenue Recognition , for the three and six months ended June 30, 2018 . Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Revenue by segment: North America $ 277,505 $ 277,505 $ — $ 513,531 $ 513,531 $ — Europe 17,317 17,317 — 36,602 36,602 — Total $ 294,822 $ 294,822 $ — $ 550,133 $ 550,133 $ — Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating costs and expenses by segment: North America $ 251,395 $ 253,460 $ (2,065 ) $ 492,786 $ 500,891 $ (8,105 ) Europe 20,165 20,218 (53 ) 44,841 44,947 (106 ) Total $ 271,560 $ 273,678 $ (2,118 ) $ 537,627 $ 545,838 $ (8,211 ) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating income (loss) by segment: North America $ 26,110 $ 24,045 $ 2,065 $ 20,745 $ 12,640 $ 8,105 Europe (2,848 ) (2,901 ) 53 (8,239 ) (8,345 ) 106 Total $ 23,262 $ 21,144 $ 2,118 $ 12,506 $ 4,295 $ 8,211 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Net earnings $ 23,023 $ 21,445 $ 1,578 $ 13,909 $ 7,731 $ 6,178 In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash , which requires companies to explain the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. Therefore, amounts generally described as restricted cash or restricted cash equivalents are combined with unrestricted cash and cash equivalents when reconciling the beginning and end of period balances on the statement of cash flows. ASU No. 2016-18 also requires companies to disclose the nature of their restricted cash and restricted cash equivalents balances. Additionally, when cash, cash equivalents, restricted cash, and restricted cash equivalents are presented within different captions on the balance sheet, a reconciliation of the totals in the statement of cash flows to the related captions in the balance sheet is required. ASU No. 2016-18 is effective for reporting periods beginning after December 15, 2017. The Company's adoption of ASU No. 2016-18 effective January 1, 2018, on a retrospective basis, did not have a material effect on its consolidated and combined financial statements. The only restricted cash held by the Company was $10.6 million at December 31, 2016, which was included in "Other assets" in the combined balance sheet and is now included in the beginning of the period balance in the statement of cash flows for the six months ended June 30, 2017. The restricted cash at December 31, 2016 comprised funds held in escrow for the MyHammer tender offer, which were returned to the Company in the first quarter of 2017. Accounting Pronouncement not yet adopted by the Company In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU No. 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. In July 2018, the FASB issued ASU No. 2018-11, which provides the option of an additional transition method that allows entities to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company expects to implement the transition method option provided by ASU No. 2018-11. The Company will adopt the new lease guidance effective January 1, 2019. The Company is not a lessor, has no capitalized leases and does not expect to enter into any capitalized leases prior to the adoption of ASU No. 2016-02. Accordingly, the Company does not expect the amount or classification of rent expense in its statement of operations to be affected by the adoption of ASU No. 2016-02. The primary effect of the adoption of ASU No. 2016-02 will be the recognition of a right of use asset and related liability to reflect the Company's rights and obligations under its operating leases. The Company will also be required to provide the additional disclosures stipulated in ASU No. 2016-02. The adoption of ASU No. 2016-02 will not have an impact on the leverage calculation set forth in the Company's term loan facility because the leverage calculation is not affected by the liability that will be recorded upon adoption of the new standard. While the Company's evaluation of the impact of the adoption of ASU No. 2016-02 on its consolidated financial statements continues, outlined below is a summary of the status of the Company's progress: • the Company has selected a software package to assist in the determination of the right of use asset and related liability as of January 1, 2019 and to provide the required information following the adoption; • the Company has prepared summaries of its leases for input into the software package; • the Company is assessing the other inputs required in connection with the adoption of ASU No. 2016-02; and • the Company is developing its accounting policy, procedures and controls related to the new standard. The Company does not expect to have a preliminary estimate of the right of use asset and related liability as of the adoption date until the fourth quarter of 2018.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION General Revenue Recognition The Company accounts for a contract when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to our customers, and in an amount that reflects the consideration the Company is contractually due in exchange for those services or goods. Revenue is primarily derived from (i) consumer connection revenue, which comprises fees paid by service professionals for consumer matches (regardless of whether the professional ultimately provides the requested service), and (ii) membership subscription fees paid by service professionals. Consumer connection revenue varies based upon several factors, including the service requested, type of match and geographic location of service. The Company’s consumer connection revenue is generated and recognized when an in-network service professional is delivered a consumer match. Membership subscription revenue from service professionals is initially deferred and is recognized using the straight-line method over the applicable subscription period, which is typically one year. Consumer connection revenue is generally billed one week following a consumer match; with payment due upon receipt of invoice. Revenue is also derived from Angie's List (i) sales of time-based website, mobile and call center advertising to service professionals and (ii) membership subscription fees from consumers. Angie's List service professionals generally pay for advertisements in advance on a monthly or annual basis at the option of the service professional, with the average advertising contract term being approximately one year. Angie's List website, mobile and call center advertising revenue is recognized ratably over the contract term. Revenue from the sale of advertising in the Angie’s List Magazine is recognized in the period in which the publication is distributed. Angie's List prepaid consumer membership subscription fees are recognized as revenue using the straight-line method over the term of the applicable subscription period, which is typically one year. Transaction Price The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services or goods, including amounts that are variable. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period. The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of net revenue or cost of revenue. For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASU No. 2014-09 applicable to such contracts and does not consider the time value of money. Accounts Receivables, net of allowance for doubtful accounts and revenue reserves Accounts receivable include amounts billed and currently due from customers. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of accounts receivables that will not be collected. The allowance for doubtful accounts is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history and the specific customer’s ability to pay its obligation to the Company. The term between the Company issuance of and invoice and payment due date is not significant. The Company also maintains allowances to reserve for potential credits issued to service professionals or other revenue adjustments. The amounts of these reserves are based primarily upon historical experience. Deferred Revenue Deferred revenue consists of payments that are received or due in advance of the Company's performance. The Company’s liabilities are reported on a contract by contract basis at the end of each reporting period. The Company generally classifies deferred revenue as current when the term of the applicable subscription period or expected completion of our performance obligation is one year or less. The deferred revenue balance as of January 1, 2018 is $64.1 million . During the three months ended June 30, 2018 , the Company recognized $41.0 million of revenue that was included in the deferred revenue balance as of April 1, 2018. During the six months ended June 30, 2018 , the Company recognized $54.1 million of revenue that was included in the deferred revenue balance as of January 1, 2018. The current and non-current deferred revenue balances at June 30, 2018 are $69.4 million and $1.0 million , respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Arrangements with Multiple Performance Obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices charged to customers, which are directly observable or based on an estimate if not directly observable. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company has determined that certain costs, primarily commissions paid to employees pursuant to certain sales incentive programs, meet the requirements to be capitalized as a cost of obtaining a contract. Capitalized sales commissions are amortized over the estimated customer relationship period. The Company calculates the estimated customer relationship period as the average customer life, which is based on historical data. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. For sales incentive programs where the customer relationship period is one year or less, the Company has elected the practical expedient to expense the costs as incurred. During the three and six months ended June 30, 2018 , the Company recognized expense of $12.5 million and $23.7 million , respectively, related to the amortization of these costs. The contract asset balance at June 30, 2018 is $42.1 million . Performance Obligations As permitted under the practical expedient available under ASU No. 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice for services performed.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES ANGI Homeservices is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In all periods presented, current and deferred income tax benefit and provision have been computed for the Company on an as if standalone, separate return basis. ANGI Homeservices’ payments to IAC for its share of IAC’s consolidated federal and state tax return liabilities have been reflected within cash flows from operating activities in the accompanying consolidated and combined statement of cash flows. The tax sharing agreement between ANGI Homeservices and IAC governs the parties’ respective rights, responsibilities and obligations with respect to tax matters, including responsibility for taxes attributable to ANGI Homeservices, entitlement to refunds, allocation of tax attributes and other matters. Any differences between taxes currently due or receivable under the tax sharing agreement and the current tax provision computed on an as if standalone, separate return basis are reflected as adjustments to additional paid-in capital. At the end of each interim period, the Company makes its best estimate of the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realizability of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or our tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision in the quarter in which the change occurs. For the three and six months ended June 30, 2018 , the Company recorded an income tax benefit, despite pre-tax income, of $1.8 million and $5.7 million , respectively, due primarily to excess tax benefits generated by the exercise and vesting of stock-based awards. For the three and six months ended June 30, 2017 , the Company recorded an income tax benefit of $4.4 million and $30.2 million , respectively, due primarily to excess tax benefits generated by the exercise and vesting of stock-based awards. On December 22, 2017, the U.S. enacted the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act implemented a number of changes that took effect on January 1, 2018, including but not limited to, a reduction of the U.S. federal corporate tax rate from 35% to 21% and a new minimum tax on global intangible low-taxed income earned by foreign subsidiaries. While the Company was able to make a reasonable estimate of the impacts of the Tax Act, certain amounts are provisional as the Company gathers additional data. Any adjustment of the Company’s provisional tax expense will be reflected as a change in estimate in its results in the period in which the change in estimate is made in accordance with Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act , which is also included in the FASB issued ASU No. 2018-05, Income Taxes (Topic 740), Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 , which was issued and adopted by the Company in March 2018. In addition, our estimates may also be impacted and adjusted as the law is clarified and additional guidance is issued at the federal and state levels. No adjustment was made in the three and six months ended June 30, 2018 to the Company’s previously recorded provisional tax expense. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals for interest and penalties are not material. The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax as a result of previously filed separate company and consolidated tax returns with IAC. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service is currently auditing IAC’s federal income tax returns for the years ended December 31, 2010 through 2016, which includes the operations of the HomeAdvisor business. The statute of limitations for the years 2010 through 2012 has been extended to June 30, 2019, and the statute of limitations for the years 2013 and 2014 has been extended to March 31, 2019. Returns filed in various other jurisdictions are open to examination for various tax years beginning with 2009. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from examination of prior year tax returns. We consider many factors when evaluating and estimating our tax positions and tax benefits, which may require periodic adjustments and which may not accurately anticipate actual outcomes. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. At June 30, 2018 and December 31, 2017 , unrecognized tax benefits, including interest, are $1.7 million and $1.5 million , respectively, for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at June 30, 2018 are subsequently recognized, income tax provision would be reduced by $1.6 million . The comparable amount as of December 31, 2017 is $1.5 million . The Company regularly assesses the realizability of deferred tax assets considering all available evidence including, to the extent applicable, the nature, frequency and severity of prior cumulative losses, forecasts of future taxable income, tax filing status, the duration of statutory carryforward periods, available tax planning and historical experience. As of June 30, 2018 , the Company has a gross deferred tax asset of $85.1 million that the Company expects to fully utilize on a more likely than not basis.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
BUSINESS COMBINATIONS	BUSINESS COMBINATIONS Angie's List Combination Through the Combination, the Company acquired 100% of the common stock of Angie's List on September 29, 2017 for a total purchase price valued at $781.4 million . HomeStars Acquisition The Company acquired a 90% voting interest in HomeStars on February 8, 2017. The purchase price was $16.6 CAD million (or $12.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 10% noncontrolling interest in HomeStars, which totaled $1.9 CAD million (or $1.4 million ). MyBuilder Acquisition The Company acquired a 75% voting interest in MyBuilder Limited on March 24, 2017. The purchase price was £32.6 million (or $40.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 25% noncontrolling interest in MyBuilder, which totaled £10.7 million (or $13.3 million ). MyHammer Acquisition On November 3, 2016, the Company acquired a 70% voting interest in MyHammer. The purchase price was €17.7 million (or $19.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 30% noncontrolling interest in MyHammer, which totaled €9.4 million (or $10.4 million ). At June 30, 2018 , the Company's ownership stake in MyHammer is approximately 83% . Unaudited pro forma financial information The unaudited pro forma financial information in the table below presents the combined results of the Company and Angie's List, HomeStars, MyBuilder and MyHammer as if these acquisitions had occurred on January 1, 2016. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisitions actually occurred on January 1, 2016. For the three and six months ended June 30, 2017 , pro forma adjustments include increases in stock-based compensation expense of $11.6 million and $26.3 million , respectively, and amortization of intangibles of $10.9 million and $23.2 million , respectively. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 (In thousands, except per share data) Revenue $ 253,222 $ 479,920 Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders $ (9,454 ) $ 7,066 Basic (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02 Diluted (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02 TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION During the three and six months ended June 30, 2018 , the Company incurred $0.8 million and $3.3 million , respectively, in costs related to the Combination (including severance, retention and integration related costs) as well as deferred revenue write-offs of $1.8 million and $4.6 million , respectively. The Company also incurred $16.7 million and $35.8 million , respectively, in stock-based compensation expense during the three and six months ended June 30, 2018 related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination. A summary of the costs incurred, payments made and the related accrual is presented below. Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Integration related costs $ 819 $ 3,323 Stock-based compensation expense 16,723 35,829 Total $ 17,542 $ 39,152 Six Months Ended June 30, 2018 (In thousands) Accrual as of January 1 $ 8,480 Charges incurred 3,323 Payments made (10,526 ) Accrual as of June 30 $ 1,277 The costs are allocated as follows in the accompanying consolidated statement of operations: Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Integration Related Costs Stock-based Compensation Expense Total Integration Related Costs Stock-based Compensation Expense Total (In thousands) Cost of revenue $ — $ — $ — $ — $ — $ — Selling and marketing expense — 690 690 — 1,100 1,100 General and administrative expense 819 14,825 15,644 3,323 31,529 34,852 Product development expense — 1,208 1,208 — 3,200 3,200 Total $ 819 $ 16,723 $ 17,542 $ 3,323 $ 35,829 $ 39,152

FAIR VALUE MEASUREMENTS AND FIN

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS	FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: • Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets. • Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used. • Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities. The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2018 Quoted market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 243,357 $ — $ — $ 243,357 Certificates of deposit — 960 — 960 Total $ 243,357 $ 960 $ — $ 244,317 December 31, 2017 Quoted market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 189,207 $ — $ — $ 189,207 Treasury discount notes 500 — — 500 Certificates of deposit — 6,195 — 6,195 Total $ 189,707 $ 6,195 $ — $ 195,902 Assets measured at fair value on a nonrecurring basis The Company’s non-financial assets, such as goodwill, intangible assets and property and equipment are adjusted to fair value only when an impairment charge is recognized. Such fair value measurements are based predominantly on Level 3 inputs. Financial instruments measured at fair value only for disclosure purposes The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value (In thousands) Current portion of long term debt $ (13,750 ) $ (13,613 ) $ (13,750 ) $ (13,802 ) Long-term debt, net (251,740 ) (251,831 ) (258,312 ) (262,230 ) Current portion of long-term debt—related party — — (816 ) (837 ) Long-term debt—related party, net (1,576 ) (1,743 ) (1,997 ) (2,048 ) The fair value of long-term debt, including the current portion, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs. The fair value of long-term debt—related party, including the current portion, is based on Level 3 inputs and is estimated by discounting the future cash flows based on current market conditions.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: June 30, 2018 December 31, 2017 (In thousands) Term Loan due November 1, 2022 $ 268,125 $ 275,000 Less: current portion of Term Loan 13,750 13,750 Less: unamortized debt issuance costs 2,635 2,938 Total long-term debt, net $ 251,740 $ 258,312 See " Note 11—Related Party Transactions with IAC " for a description of related-party long-term debt. At June 30, 2018 and December 31, 2017 , the outstanding balance of the five-year term loan facility ("Term Loan") was $268.1 million and $275.0 million respectively. The Term Loan bears interest at LIBOR plus 2.00% , which is subject to change in future periods based on the Company's consolidated net leverage ratio, and was 4.36% and 3.38% at June 30, 2018 and December 31, 2017 respectively. Interest payments are due at least quarterly through the term of the loan and quarterly principal payments of 1.25% of the original principal amount in the first three years, 2.5% in the fourth year and 3.75% in the fifth year are required. The terms of the Term Loan require the Company to maintain a consolidated net leverage ratio of not more than 4.5 to 1.0 and a minimum interest coverage ratio of not less than 2.5 to 1.0 (in each case as defined in the credit agreement). There are additional covenants under the Term Loan that limit the ability of the Company and its subsidiaries to, among other things, incur indebtedness, pay dividends or make distributions. The Term Loan is guaranteed by the Company's wholly-owned material domestic subsidiaries and is secured by substantially all assets of the Company and the guarantors, subject to certain exceptions.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) For the three and six months ended June 30, 2018 and 2017 , the Company's accumulated other comprehensive income (loss) relates to foreign currency translation adjustments, which is presented in the table below. Three Months Ended June 30, 2018 2017 (In thousands) Balance at April 1 $ 6,224 $ (560 ) Other comprehensive (loss) income before reclassifications (4,942 ) 330 Amounts reclassified to earnings (191 ) — Net current period other comprehensive (loss) income (5,133 ) 330 Balance at June 30 $ 1,091 $ (230 ) Six Months Ended June 30, 2018 2017 (In thousands) Balance at January 1 $ 2,232 $ (1,721 ) Other comprehensive (loss) income before reclassifications (1,089 ) 1,491 Amounts reclassified to earnings (52 ) — Net current period other comprehensive (loss) income (1,141 ) 1,491 Balance at June 30 $ 1,091 $ (230 ) The amount reclassified out of accumulated other comprehensive income into earnings for both the three and six months ended June 30, 2018 relates to the liquidation of an international subsidiary. At June 30, 2018 and 2017 , there was no tax benefit or provision on the accumulated other comprehensive income (loss).

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders: Three Months Ended June 30, 2018 2017 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings (loss) $ 23,023 $ 23,023 $ (25 ) $ (25 ) Net (earnings) loss attributable to noncontrolling interests (124 ) (124 ) 279 279 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 22,899 $ 22,899 $ 254 $ 254 Denominator: Weighted average basic shares outstanding 480,618 480,618 414,754 414,754 Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards (a)(b) — 28,145 — — Denominator for earnings per share—weighted average shares (c) 480,618 508,763 414,754 414,754 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.05 $ 0.05 $ 0.00 $ 0.00 Six Months Ended June 30, 2018 2017 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 13,909 $ 13,909 $ 25,862 $ 25,862 Net loss attributable to noncontrolling interests 105 105 1,005 1,005 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 14,014 $ 14,014 $ 26,867 $ 26,867 Denominator: Weighted average basic shares outstanding 479,470 479,470 414,754 414,754 Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards (a)(b) — 27,544 — — Denominator for earnings per share—weighted average shares (c) 479,470 507,014 414,754 414,754 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.03 $ 0.03 $ 0.06 $ 0.06 ________________________ (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock appreciation rights, stock options and subsidiary denominated equity and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2018 , 0.1 million and 0.3 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. (b) Performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon vesting of PSUs are included in the denominator for earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2018, 1.3 million shares underlying PSUs were excluded from the calculation of diluted earnings per share because the performance condition(s) had not been met. (c) The Company computed basic and diluted earnings per share for both the three and six months ended June 30, 2017 using the shares issued to IAC for the contribution of the HomeAdvisor business.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The overall concept that ANGI employs in determining its operating segments is to present the financial information in a manner consistent with: how the chief operating decision maker views the businesses; how the businesses are organized as to segment management; and the focus of the businesses with regards to the types of services or products offered or the target market. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Revenue: North America $ 277,505 $ 165,491 $ 513,531 $ 303,563 Europe 17,317 15,220 36,602 27,893 Total $ 294,822 $ 180,711 $ 550,133 $ 331,456 Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Operating Income (Loss): North America $ 26,110 $ 1,784 $ 20,745 $ 8,208 Europe (2,848 ) (4,620 ) (8,239 ) (9,656 ) Total $ 23,262 $ (2,836 ) $ 12,506 $ (1,448 ) Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Adjusted EBITDA (a) : North America $ 68,088 $ 17,112 $ 107,693 $ 31,296 Europe $ (1,109 ) $ (2,141 ) $ (4,074 ) $ (6,113 ) ___________________________ (a) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our businesses, and this measure is one of the primary metrics on which our internal budgets are based and by which management is compensated. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations in that it does not take into account the impact to ANGI Homeservices Inc.'s statement of operations of certain expenses. The following table presents revenue disaggregated by service for the Company's reportable segments: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) North America Marketplace: Consumer connection revenue (b) $ 187,172 $ 141,163 $ 336,232 $ 257,163 Membership subscription revenue 16,565 13,704 32,192 26,456 Other revenue 998 888 1,919 1,780 Marketplace revenue 204,735 155,755 370,343 285,399 Advertising & Other revenue (c) 72,770 9,736 143,188 18,164 Total North America revenue 277,505 165,491 513,531 303,563 Europe Consumer connection revenue (b) 12,496 11,170 26,863 19,635 Membership subscription revenue 4,517 3,872 9,188 7,878 Advertising and other revenue 304 178 551 380 Total Europe revenue 17,317 15,220 36,602 27,893 Total revenue $ 294,822 $ 180,711 $ 550,133 $ 331,456 ___________________________ (b) Fees paid by service professionals for consumer matches. (c) Includes Angie's List revenue from service professionals under contract for advertising and Angie's List membership subscription fees from consumers, as well as revenue from mHelpDesk, HomeStars and Felix. Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Revenue United States $ 274,785 $ 163,669 $ 508,260 $ 301,135 All other countries 20,037 17,042 41,873 30,321 Total $ 294,822 $ 180,711 $ 550,133 $ 331,456 June 30, 2018 December 31, 2017 (In thousands) Long-lived assets (excluding goodwill and intangible assets) United States $ 48,684 $ 49,356 All other countries 4,712 3,936 Total $ 53,396 $ 53,292 The following tables reconcile operating income (loss) for the Company’s reportable segments and net earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA: Three Months Ended June 30, 2018 Operating (loss) Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 26,110 $ 21,821 $ 5,354 $ 14,803 $ 68,088 Europe (2,848 ) $ 232 $ 532 $ 975 $ (1,109 ) Operating income 23,262 Interest expense—third party (3,011 ) Interest expense—related party (34 ) Other income, net 1,053 Earnings before income taxes 21,270 Income tax benefit 1,753 Net earnings 23,023 Net earnings attributable to noncontrolling interests (124 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 22,899 Three Months Ended June 30, 2017 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 1,784 $ 11,395 $ 2,892 $ 1,041 $ 17,112 Europe (4,620 ) $ 444 $ 326 $ 1,709 $ (2,141 ) Operating loss (2,836 ) Interest expense—related party (2,082 ) Other income, net 505 Loss before income taxes (4,413 ) Income tax benefit 4,388 Net loss (25 ) Net loss attributable to noncontrolling interests 279 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 254 Six Months Ended June 30, 2018 Operating (loss) Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 20,745 $ 46,396 $ 10,928 $ 29,624 $ 107,693 Europe (8,239 ) $ 563 $ 1,142 $ 2,460 $ (4,074 ) Operating income 12,506 Interest expense—third party (5,665 ) Interest expense—related party (79 ) Other income, net 1,409 Earnings before income taxes 8,171 Income tax benefit 5,738 Net earnings 13,909 Net loss attributable to noncontrolling interests 105 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 14,014 Six Months Ended June 30, 2017 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 8,208 $ 15,396 $ 5,777 $ 1,915 $ 31,296 Europe (9,656 ) $ 904 $ 437 $ 2,202 $ (6,113 ) Operating loss (1,448 ) Interest expense—related party (3,674 ) Other income, net 736 Loss before income taxes (4,386 ) Income tax benefit 30,248 Net earnings 25,862 Net loss attributable to noncontrolling interests 1,005 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 26,867

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where we believe an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See " Note 3—Income Taxes " for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS WITH

RELATED PARTY TRANSACTIONS WITH IAC	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC For periods prior to the Combination, the Company’s combined statement of operations includes allocations of general and administrative costs, including stock-based compensation expense, related to IAC’s accounting, treasury, legal, tax, corporate support and internal audit functions. These allocations were based on the HomeAdvisor business' revenue as a percentage of IAC’s total revenue. Allocated general and administrative costs, inclusive of stock-based compensation expense, was $1.7 million and $3.1 million , respectively, for the three and six months ended June 30, 2017 and are included in “General and administrative expense” in the accompanying consolidated and combined statement of operations. It is not practicable to determine the actual expenses that would have been incurred for these services had the HomeAdvisor business operated as a standalone entity during the periods presented. Management considers the allocation method to be reasonable. Relationship with IAC following the Combination In connection with the Combination, ANGI Homeservices and IAC entered into certain agreements to govern our relationship following the Combination. These agreements include: a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement. There were no shares issued to IAC pursuant to the employee matters agreement for the three months ended June 30, 2018 . For the six months ended June 30, 2018 , 0.7 million shares of ANGI Homeservices Class B common stock were issued to IAC pursuant to the employee matters agreement as reimbursement for shares of IAC common stock issued in connection with the exercise and vesting of IAC equity awards held by ANGI Homeservices employees. For the three and six months ended June 30, 2018 , the Company was charged $1.2 million and $2.7 million , respectively, by IAC for services rendered pursuant to the services agreement which were paid in full by the Company at June 30, 2018 . At December 31, 2017 , the Company had outstanding payables due to IAC of $0.4 million pursuant to the services agreement and $2.0 million related primarily to transaction related costs incurred in connection with the Combination. These amounts were paid in full during the first quarter of 2018. Long-term debt—related party Immediately prior to the Combination, the Company, through a foreign subsidiary, sold a promissory note due December 31, 2020 in the amount of €2.4 million to a foreign subsidiary of IAC. The amounts outstanding on the promissory note at June 30, 2018 and December 31, 2017 are €1.4 million and €2.4 million ( $1.6 million and $2.8 million ), respectively.

TRANSACTION AND INTEGRATION REL

TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION	BUSINESS COMBINATIONS Angie's List Combination Through the Combination, the Company acquired 100% of the common stock of Angie's List on September 29, 2017 for a total purchase price valued at $781.4 million . HomeStars Acquisition The Company acquired a 90% voting interest in HomeStars on February 8, 2017. The purchase price was $16.6 CAD million (or $12.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 10% noncontrolling interest in HomeStars, which totaled $1.9 CAD million (or $1.4 million ). MyBuilder Acquisition The Company acquired a 75% voting interest in MyBuilder Limited on March 24, 2017. The purchase price was £32.6 million (or $40.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 25% noncontrolling interest in MyBuilder, which totaled £10.7 million (or $13.3 million ). MyHammer Acquisition On November 3, 2016, the Company acquired a 70% voting interest in MyHammer. The purchase price was €17.7 million (or $19.7 million ) in cash. In connection with the acquisition, the Company measured and recorded the acquisition date fair value of the 30% noncontrolling interest in MyHammer, which totaled €9.4 million (or $10.4 million ). At June 30, 2018 , the Company's ownership stake in MyHammer is approximately 83% . Unaudited pro forma financial information The unaudited pro forma financial information in the table below presents the combined results of the Company and Angie's List, HomeStars, MyBuilder and MyHammer as if these acquisitions had occurred on January 1, 2016. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisitions actually occurred on January 1, 2016. For the three and six months ended June 30, 2017 , pro forma adjustments include increases in stock-based compensation expense of $11.6 million and $26.3 million , respectively, and amortization of intangibles of $10.9 million and $23.2 million , respectively. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 (In thousands, except per share data) Revenue $ 253,222 $ 479,920 Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders $ (9,454 ) $ 7,066 Basic (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02 Diluted (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02 TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION During the three and six months ended June 30, 2018 , the Company incurred $0.8 million and $3.3 million , respectively, in costs related to the Combination (including severance, retention and integration related costs) as well as deferred revenue write-offs of $1.8 million and $4.6 million , respectively. The Company also incurred $16.7 million and $35.8 million , respectively, in stock-based compensation expense during the three and six months ended June 30, 2018 related to the modification of previously issued HomeAdvisor equity awards and previously issued Angie's List equity awards, both of which were converted into ANGI Homeservices' equity awards in the Combination, and the acceleration of certain converted equity awards resulting from the termination of Angie's List employees in connection with the Combination. A summary of the costs incurred, payments made and the related accrual is presented below. Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Integration related costs $ 819 $ 3,323 Stock-based compensation expense 16,723 35,829 Total $ 17,542 $ 39,152 Six Months Ended June 30, 2018 (In thousands) Accrual as of January 1 $ 8,480 Charges incurred 3,323 Payments made (10,526 ) Accrual as of June 30 $ 1,277 The costs are allocated as follows in the accompanying consolidated statement of operations: Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Integration Related Costs Stock-based Compensation Expense Total Integration Related Costs Stock-based Compensation Expense Total (In thousands) Cost of revenue $ — $ — $ — $ — $ — $ — Selling and marketing expense — 690 690 — 1,100 1,100 General and administrative expense 819 14,825 15,644 3,323 31,529 34,852 Product development expense — 1,208 1,208 — 3,200 3,200 Total $ 819 $ 16,723 $ 17,542 $ 3,323 $ 35,829 $ 39,152

THE COMPANY AND SUMMARY OF SI21

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	ANGI Homeservices Inc. connects millions of homeowners to home service professionals through its portfolio of digital home service brands, including HomeAdvisor® and Angie’s List®. Combined, these leading marketplaces allow homeowners to match, research, and connect on-demand to the largest network of service professionals either online, through our mobile apps, or by voice assistants. The network of service professionals across our platforms is supported by 15 million consumer reviews submitted on hundreds of thousands of service professionals, collected over the course of 20 years . ANGI Homeservices owns and operates brands in eight countries. On September 29, 2017, IAC/InterActiveCorp's ("IAC") HomeAdvisor business and Angie's List Inc. ("Angie's List") combined under a new publicly traded company called ANGI Homeservices Inc. (the "Combination"). At June 30, 2018 , IAC owned 86.4% and 98.5% of the economic and voting interest, respectively, of ANGI Homeservices. The Company has two operating segments: (i) North America, which primarily includes HomeAdvisor, Angie's List, mHelpDesk and HomeStars, and (ii) Europe, which includes Travaux.com, MyHammer, MyBuilder, Werkspot and Instapro. All references to "ANGI Homeservices," the "Company," "ANGI," "we," "our" or "us" in this report are to ANGI Homeservices Inc.
Basis of Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated and combined financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company's financial statements were prepared on a consolidated basis beginning September 29, 2017 and on a combined basis for periods prior thereto. The difference in presentation is due to the fact that the final steps of the legal reorganization through which IAC contributed the HomeAdvisor business and cash to fund the cash consideration paid in the Combination to ANGI Homeservices Inc. were not completed, as planned, until immediately prior to September 29, 2017. The preparation of the financial statements on a combined basis for periods prior thereto allows for the financial statements to be presented on a consistent basis for all periods presented. The combined financial statements have been prepared on a standalone basis and are derived from the historical consolidated financial statements and accounting records of IAC through September 29, 2017. The combined financial statements reflect the historical financial position, results of operations and cash flows of the businesses comprising the HomeAdvisor business since their respective dates of acquisition by IAC. The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. The consolidated and combined financial statements reflect the allocation to ANGI Homeservices of certain IAC corporate expenses relating to the HomeAdvisor business based on the historical consolidated financial statements and accounting records of IAC through September 29, 2017. However, the allocations may not reflect the expenses that the Company may have incurred as a standalone public company for the periods presented. For the purpose of these financial statements, income taxes have been computed as if ANGI Homeservices filed on a standalone, separate tax return basis. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) ANGI Homeservices and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. The promissory note payable to a foreign subsidiary of IAC is included in “Long-term debt—related party” in the accompanying consolidated balance sheet. See " Note 11—Related Party Transactions with IAC " for additional information on transactions between ANGI Homeservices and IAC. In the opinion of management, the assumptions underlying the historical consolidated and combined financial statements, including the basis on which certain corporate expenses have been allocated from IAC, are reasonable and the unaudited interim consolidated and combined financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of our financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated and combined financial statements should be read in conjunction with the audited consolidated and combined financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017.
Basis of Presentation	The Company prepares its consolidated and combined financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company's financial statements were prepared on a consolidated basis beginning September 29, 2017 and on a combined basis for periods prior thereto. The difference in presentation is due to the fact that the final steps of the legal reorganization through which IAC contributed the HomeAdvisor business and cash to fund the cash consideration paid in the Combination to ANGI Homeservices Inc. were not completed, as planned, until immediately prior to September 29, 2017. The preparation of the financial statements on a combined basis for periods prior thereto allows for the financial statements to be presented on a consistent basis for all periods presented. The combined financial statements have been prepared on a standalone basis and are derived from the historical consolidated financial statements and accounting records of IAC through September 29, 2017. The combined financial statements reflect the historical financial position, results of operations and cash flows of the businesses comprising the HomeAdvisor business since their respective dates of acquisition by IAC. The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. The consolidated and combined financial statements reflect the allocation to ANGI Homeservices of certain IAC corporate expenses relating to the HomeAdvisor business based on the historical consolidated financial statements and accounting records of IAC through September 29, 2017. However, the allocations may not reflect the expenses that the Company may have incurred as a standalone public company for the periods presented. For the purpose of these financial statements, income taxes have been computed as if ANGI Homeservices filed on a standalone, separate tax return basis. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) ANGI Homeservices and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. The promissory note payable to a foreign subsidiary of IAC is included in “Long-term debt—related party” in the accompanying consolidated balance sheet. See " Note 11—Related Party Transactions with IAC " for additional information on transactions between ANGI Homeservices and IAC. In the opinion of management, the assumptions underlying the historical consolidated and combined financial statements, including the basis on which certain corporate expenses have been allocated from IAC, are reasonable and the unaudited interim consolidated and combined financial statements reflect all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of our financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim consolidated and combined financial statements should be read in conjunction with the audited consolidated and combined financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2017.
Accounting Estimates	Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its consolidated and combined financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments including those related to: the recoverability of goodwill and indefinite-lived intangible assets; the useful lives and recoverability of definite-lived intangible assets and property and equipment; the carrying value of accounts receivable, including the determination of the allowance for doubtful accounts; the determination of revenue reserves; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
Recent accounting pronouncements	Accounting Pronouncements adopted by the Company In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers . ASU No. 2014-09 supersedes nearly all existing revenue recognition guidance under GAAP. The Company adopted ASU No. 2014-09 effective January 1, 2018 using the modified retrospective transition method for open contracts as of the date of initial application. The effect of the adoption of ASU No. 2014-09 is that commissions paid to employees pursuant to certain sales incentive programs, which represent the incremental direct costs of obtaining a service professional contract, are now capitalized and amortized over the estimated life of a service professional (also referred to as the estimated customer relationship period). These costs were expensed as incurred prior to January 1, 2018. The cumulative effect of the adoption of ASU No. 2014-09 was the establishment of a current and non-current asset for capitalized sales commissions of $29.7 million and $4.2 million , respectively, and a related deferred tax liability of $8.3 million , resulting in a net increase to retained earnings of $25.6 million on January 1, 2018. The adoption of ASU No. 2014-09 is expected to reduce sales commissions expense for the year ending December 31, 2018 by approximately $10.0 million . See " Note 2—Revenue Recognition " for additional information on the impact to the Company. The Company's disaggregated revenue disclosures are presented in " Note 9—Segment information ." The following tables present the impact of the adoption of ASU No. 2014-09 by segment under Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , as reported, and ASC 605, Revenue Recognition , for the three and six months ended June 30, 2018 . Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Revenue by segment: North America $ 277,505 $ 277,505 $ — $ 513,531 $ 513,531 $ — Europe 17,317 17,317 — 36,602 36,602 — Total $ 294,822 $ 294,822 $ — $ 550,133 $ 550,133 $ — Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating costs and expenses by segment: North America $ 251,395 $ 253,460 $ (2,065 ) $ 492,786 $ 500,891 $ (8,105 ) Europe 20,165 20,218 (53 ) 44,841 44,947 (106 ) Total $ 271,560 $ 273,678 $ (2,118 ) $ 537,627 $ 545,838 $ (8,211 ) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating income (loss) by segment: North America $ 26,110 $ 24,045 $ 2,065 $ 20,745 $ 12,640 $ 8,105 Europe (2,848 ) (2,901 ) 53 (8,239 ) (8,345 ) 106 Total $ 23,262 $ 21,144 $ 2,118 $ 12,506 $ 4,295 $ 8,211 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Net earnings $ 23,023 $ 21,445 $ 1,578 $ 13,909 $ 7,731 $ 6,178 In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash , which requires companies to explain the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. Therefore, amounts generally described as restricted cash or restricted cash equivalents are combined with unrestricted cash and cash equivalents when reconciling the beginning and end of period balances on the statement of cash flows. ASU No. 2016-18 also requires companies to disclose the nature of their restricted cash and restricted cash equivalents balances. Additionally, when cash, cash equivalents, restricted cash, and restricted cash equivalents are presented within different captions on the balance sheet, a reconciliation of the totals in the statement of cash flows to the related captions in the balance sheet is required. ASU No. 2016-18 is effective for reporting periods beginning after December 15, 2017. The Company's adoption of ASU No. 2016-18 effective January 1, 2018, on a retrospective basis, did not have a material effect on its consolidated and combined financial statements. The only restricted cash held by the Company was $10.6 million at December 31, 2016, which was included in "Other assets" in the combined balance sheet and is now included in the beginning of the period balance in the statement of cash flows for the six months ended June 30, 2017. The restricted cash at December 31, 2016 comprised funds held in escrow for the MyHammer tender offer, which were returned to the Company in the first quarter of 2017. Accounting Pronouncement not yet adopted by the Company In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) , which supersedes existing guidance on accounting for leases in "Leases (Topic 840)" and generally requires all leases to be recognized in the statement of financial position. The provisions of ASU No. 2016-02 are effective for reporting periods beginning after December 15, 2018; early adoption is permitted. In July 2018, the FASB issued ASU No. 2018-11, which provides the option of an additional transition method that allows entities to initially apply the new lease guidance at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company expects to implement the transition method option provided by ASU No. 2018-11. The Company will adopt the new lease guidance effective January 1, 2019. The Company is not a lessor, has no capitalized leases and does not expect to enter into any capitalized leases prior to the adoption of ASU No. 2016-02. Accordingly, the Company does not expect the amount or classification of rent expense in its statement of operations to be affected by the adoption of ASU No. 2016-02. The primary effect of the adoption of ASU No. 2016-02 will be the recognition of a right of use asset and related liability to reflect the Company's rights and obligations under its operating leases. The Company will also be required to provide the additional disclosures stipulated in ASU No. 2016-02. The adoption of ASU No. 2016-02 will not have an impact on the leverage calculation set forth in the Company's term loan facility because the leverage calculation is not affected by the liability that will be recorded upon adoption of the new standard. While the Company's evaluation of the impact of the adoption of ASU No. 2016-02 on its consolidated financial statements continues, outlined below is a summary of the status of the Company's progress: • the Company has selected a software package to assist in the determination of the right of use asset and related liability as of January 1, 2019 and to provide the required information following the adoption; • the Company has prepared summaries of its leases for input into the software package; • the Company is assessing the other inputs required in connection with the adoption of ASU No. 2016-02; and • the Company is developing its accounting policy, procedures and controls related to the new standard. The Company does not expect to have a preliminary estimate of the right of use asset and related liability as of the adoption date until the fourth quarter of 2018.
General Revenue Recognition	General Revenue Recognition The Company accounts for a contract when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to our customers, and in an amount that reflects the consideration the Company is contractually due in exchange for those services or goods. Revenue is primarily derived from (i) consumer connection revenue, which comprises fees paid by service professionals for consumer matches (regardless of whether the professional ultimately provides the requested service), and (ii) membership subscription fees paid by service professionals. Consumer connection revenue varies based upon several factors, including the service requested, type of match and geographic location of service. The Company’s consumer connection revenue is generated and recognized when an in-network service professional is delivered a consumer match. Membership subscription revenue from service professionals is initially deferred and is recognized using the straight-line method over the applicable subscription period, which is typically one year. Consumer connection revenue is generally billed one week following a consumer match; with payment due upon receipt of invoice. Revenue is also derived from Angie's List (i) sales of time-based website, mobile and call center advertising to service professionals and (ii) membership subscription fees from consumers. Angie's List service professionals generally pay for advertisements in advance on a monthly or annual basis at the option of the service professional, with the average advertising contract term being approximately one year. Angie's List website, mobile and call center advertising revenue is recognized ratably over the contract term. Revenue from the sale of advertising in the Angie’s List Magazine is recognized in the period in which the publication is distributed. Angie's List prepaid consumer membership subscription fees are recognized as revenue using the straight-line method over the term of the applicable subscription period, which is typically one year. Transaction Price The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services or goods, including amounts that are variable. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period. The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of net revenue or cost of revenue. For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASU No. 2014-09 applicable to such contracts and does not consider the time value of money. Accounts Receivables, net of allowance for doubtful accounts and revenue reserves Accounts receivable include amounts billed and currently due from customers. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of accounts receivables that will not be collected. The allowance for doubtful accounts is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history and the specific customer’s ability to pay its obligation to the Company. The term between the Company issuance of and invoice and payment due date is not significant. The Company also maintains allowances to reserve for potential credits issued to service professionals or other revenue adjustments. The amounts of these reserves are based primarily upon historical experience. Deferred Revenue Deferred revenue consists of payments that are received or due in advance of the Company's performance. The Company’s liabilities are reported on a contract by contract basis at the end of each reporting period. The Company generally classifies deferred revenue as current when the term of the applicable subscription period or expected completion of our performance obligation is one year or less. The deferred revenue balance as of January 1, 2018 is $64.1 million . During the three months ended June 30, 2018 , the Company recognized $41.0 million of revenue that was included in the deferred revenue balance as of April 1, 2018. During the six months ended June 30, 2018 , the Company recognized $54.1 million of revenue that was included in the deferred revenue balance as of January 1, 2018. The current and non-current deferred revenue balances at June 30, 2018 are $69.4 million and $1.0 million , respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Arrangements with Multiple Performance Obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company generally determines standalone selling prices based on the prices charged to customers, which are directly observable or based on an estimate if not directly observable. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company has determined that certain costs, primarily commissions paid to employees pursuant to certain sales incentive programs, meet the requirements to be capitalized as a cost of obtaining a contract. Capitalized sales commissions are amortized over the estimated customer relationship period. The Company calculates the estimated customer relationship period as the average customer life, which is based on historical data. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. For sales incentive programs where the customer relationship period is one year or less, the Company has elected the practical expedient to expense the costs as incurred. During the three and six months ended June 30, 2018 , the Company recognized expense of $12.5 million and $23.7 million , respectively, related to the amortization of these costs. The contract asset balance at June 30, 2018 is $42.1 million . Performance Obligations As permitted under the practical expedient available under ASU No. 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice for services performed.

THE COMPANY AND SUMMARY OF SI22

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements	The following tables present the impact of the adoption of ASU No. 2014-09 by segment under Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , as reported, and ASC 605, Revenue Recognition , for the three and six months ended June 30, 2018 . Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Revenue by segment: North America $ 277,505 $ 277,505 $ — $ 513,531 $ 513,531 $ — Europe 17,317 17,317 — 36,602 36,602 — Total $ 294,822 $ 294,822 $ — $ 550,133 $ 550,133 $ — Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating costs and expenses by segment: North America $ 251,395 $ 253,460 $ (2,065 ) $ 492,786 $ 500,891 $ (8,105 ) Europe 20,165 20,218 (53 ) 44,841 44,947 (106 ) Total $ 271,560 $ 273,678 $ (2,118 ) $ 537,627 $ 545,838 $ (8,211 ) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Operating income (loss) by segment: North America $ 26,110 $ 24,045 $ 2,065 $ 20,745 $ 12,640 $ 8,105 Europe (2,848 ) (2,901 ) 53 (8,239 ) (8,345 ) 106 Total $ 23,262 $ 21,144 $ 2,118 $ 12,506 $ 4,295 $ 8,211 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 Under ASC 606 Under ASC 605 Effect of adoption of ASU No. 2014-09 (In thousands) Net earnings $ 23,023 $ 21,445 $ 1,578 $ 13,909 $ 7,731 $ 6,178

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Pro Forma Financial Information	The unaudited pro forma financial information in the table below presents the combined results of the Company and Angie's List, HomeStars, MyBuilder and MyHammer as if these acquisitions had occurred on January 1, 2016. The unaudited pro forma financial information includes adjustments required under the acquisition method of accounting and is presented for informational purposes only and is not necessarily indicative of the results that would have been achieved had the acquisitions actually occurred on January 1, 2016. For the three and six months ended June 30, 2017 , pro forma adjustments include increases in stock-based compensation expense of $11.6 million and $26.3 million , respectively, and amortization of intangibles of $10.9 million and $23.2 million , respectively. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 (In thousands, except per share data) Revenue $ 253,222 $ 479,920 Net (loss) earnings attributable to ANGI Homeservices Inc. shareholders $ (9,454 ) $ 7,066 Basic (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02 Diluted (loss) earnings per share attributable to ANGI Homeservices Inc. shareholders $ (0.02 ) $ 0.02

FAIR VALUE MEASUREMENTS AND F24

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: June 30, 2018 Quoted market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 243,357 $ — $ — $ 243,357 Certificates of deposit — 960 — 960 Total $ 243,357 $ 960 $ — $ 244,317 December 31, 2017 Quoted market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 189,207 $ — $ — $ 189,207 Treasury discount notes 500 — — 500 Certificates of deposit — 6,195 — 6,195 Total $ 189,707 $ 6,195 $ — $ 195,902
Schedule of Carrying Value and Fair Value of Financial Instruments	The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2018 December 31, 2017 Carrying value Fair value Carrying value Fair value (In thousands) Current portion of long term debt $ (13,750 ) $ (13,613 ) $ (13,750 ) $ (13,802 ) Long-term debt, net (251,740 ) (251,831 ) (258,312 ) (262,230 ) Current portion of long-term debt—related party — — (816 ) (837 ) Long-term debt—related party, net (1,576 ) (1,743 ) (1,997 ) (2,048 )

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: June 30, 2018 December 31, 2017 (In thousands) Term Loan due November 1, 2022 $ 268,125 $ 275,000 Less: current portion of Term Loan 13,750 13,750 Less: unamortized debt issuance costs 2,635 2,938 Total long-term debt, net $ 251,740 $ 258,312

ACCUMULATED OTHER COMPREHENSI26

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	For the three and six months ended June 30, 2018 and 2017 , the Company's accumulated other comprehensive income (loss) relates to foreign currency translation adjustments, which is presented in the table below. Three Months Ended June 30, 2018 2017 (In thousands) Balance at April 1 $ 6,224 $ (560 ) Other comprehensive (loss) income before reclassifications (4,942 ) 330 Amounts reclassified to earnings (191 ) — Net current period other comprehensive (loss) income (5,133 ) 330 Balance at June 30 $ 1,091 $ (230 ) Six Months Ended June 30, 2018 2017 (In thousands) Balance at January 1 $ 2,232 $ (1,721 ) Other comprehensive (loss) income before reclassifications (1,089 ) 1,491 Amounts reclassified to earnings (52 ) — Net current period other comprehensive (loss) income (1,141 ) 1,491 Balance at June 30 $ 1,091 $ (230 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share attributable to ANGI Homeservices shareholders: Three Months Ended June 30, 2018 2017 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings (loss) $ 23,023 $ 23,023 $ (25 ) $ (25 ) Net (earnings) loss attributable to noncontrolling interests (124 ) (124 ) 279 279 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 22,899 $ 22,899 $ 254 $ 254 Denominator: Weighted average basic shares outstanding 480,618 480,618 414,754 414,754 Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards (a)(b) — 28,145 — — Denominator for earnings per share—weighted average shares (c) 480,618 508,763 414,754 414,754 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.05 $ 0.05 $ 0.00 $ 0.00 Six Months Ended June 30, 2018 2017 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net earnings $ 13,909 $ 13,909 $ 25,862 $ 25,862 Net loss attributable to noncontrolling interests 105 105 1,005 1,005 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 14,014 $ 14,014 $ 26,867 $ 26,867 Denominator: Weighted average basic shares outstanding 479,470 479,470 414,754 414,754 Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards (a)(b) — 27,544 — — Denominator for earnings per share—weighted average shares (c) 479,470 507,014 414,754 414,754 Earnings per share attributable to ANGI Homeservices Inc. shareholders: Earnings per share $ 0.03 $ 0.03 $ 0.06 $ 0.06 ________________________ (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock appreciation rights, stock options and subsidiary denominated equity and vesting of restricted stock units ("RSUs"). For the three and six months ended June 30, 2018 , 0.1 million and 0.3 million potentially dilutive securities, respectively, are excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. (b) Performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon vesting of PSUs are included in the denominator for earnings per share if (i) the applicable performance condition(s) has been met and (ii) the inclusion of the PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2018, 1.3 million shares underlying PSUs were excluded from the calculation of diluted earnings per share because the performance condition(s) had not been met. (c) The Company computed basic and diluted earnings per share for both the three and six months ended June 30, 2017 using the shares issued to IAC for the contribution of the HomeAdvisor business.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Revenue: North America $ 277,505 $ 165,491 $ 513,531 $ 303,563 Europe 17,317 15,220 36,602 27,893 Total $ 294,822 $ 180,711 $ 550,133 $ 331,456 Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Operating Income (Loss): North America $ 26,110 $ 1,784 $ 20,745 $ 8,208 Europe (2,848 ) (4,620 ) (8,239 ) (9,656 ) Total $ 23,262 $ (2,836 ) $ 12,506 $ (1,448 ) Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Adjusted EBITDA (a) : North America $ 68,088 $ 17,112 $ 107,693 $ 31,296 Europe $ (1,109 ) $ (2,141 ) $ (4,074 ) $ (6,113 ) ___________________________ (a) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between our performance and that of our competitors. Moreover, our management uses this measure internally to evaluate the performance of our businesses, and this measure is one of the primary metrics on which our internal budgets are based and by which management is compensated. The above items are excluded from our Adjusted EBITDA measure because these items are non-cash in nature. Adjusted EBITDA has certain limitations in that it does not take into account the impact to ANGI Homeservices Inc.'s statement of operations of certain expenses.
Schedule of Segmented Revenue Disaggregated by Service	The following table presents revenue disaggregated by service for the Company's reportable segments: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) North America Marketplace: Consumer connection revenue (b) $ 187,172 $ 141,163 $ 336,232 $ 257,163 Membership subscription revenue 16,565 13,704 32,192 26,456 Other revenue 998 888 1,919 1,780 Marketplace revenue 204,735 155,755 370,343 285,399 Advertising & Other revenue (c) 72,770 9,736 143,188 18,164 Total North America revenue 277,505 165,491 513,531 303,563 Europe Consumer connection revenue (b) 12,496 11,170 26,863 19,635 Membership subscription revenue 4,517 3,872 9,188 7,878 Advertising and other revenue 304 178 551 380 Total Europe revenue 17,317 15,220 36,602 27,893 Total revenue $ 294,822 $ 180,711 $ 550,133 $ 331,456 ___________________________ (b) Fees paid by service professionals for consumer matches. (c) Includes Angie's List revenue from service professionals under contract for advertising and Angie's List membership subscription fees from consumers, as well as revenue from mHelpDesk, HomeStars and Felix.
Schedule of Revenue and Long-lived Assets by Geographic Areas	Geographic information about revenue and long-lived assets is presented below. Revenue by geography is based on where the customer is located. Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 (In thousands) Revenue United States $ 274,785 $ 163,669 $ 508,260 $ 301,135 All other countries 20,037 17,042 41,873 30,321 Total $ 294,822 $ 180,711 $ 550,133 $ 331,456 June 30, 2018 December 31, 2017 (In thousands) Long-lived assets (excluding goodwill and intangible assets) United States $ 48,684 $ 49,356 All other countries 4,712 3,936 Total $ 53,396 $ 53,292
Schedule of Reconciliation of Operating Income to Adjusted EBITDA	The following tables reconcile operating income (loss) for the Company’s reportable segments and net earnings attributable to ANGI Homeservices Inc. shareholders to Adjusted EBITDA: Three Months Ended June 30, 2018 Operating (loss) Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 26,110 $ 21,821 $ 5,354 $ 14,803 $ 68,088 Europe (2,848 ) $ 232 $ 532 $ 975 $ (1,109 ) Operating income 23,262 Interest expense—third party (3,011 ) Interest expense—related party (34 ) Other income, net 1,053 Earnings before income taxes 21,270 Income tax benefit 1,753 Net earnings 23,023 Net earnings attributable to noncontrolling interests (124 ) Net earnings attributable to ANGI Homeservices Inc. shareholders $ 22,899 Three Months Ended June 30, 2017 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 1,784 $ 11,395 $ 2,892 $ 1,041 $ 17,112 Europe (4,620 ) $ 444 $ 326 $ 1,709 $ (2,141 ) Operating loss (2,836 ) Interest expense—related party (2,082 ) Other income, net 505 Loss before income taxes (4,413 ) Income tax benefit 4,388 Net loss (25 ) Net loss attributable to noncontrolling interests 279 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 254 Six Months Ended June 30, 2018 Operating (loss) Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 20,745 $ 46,396 $ 10,928 $ 29,624 $ 107,693 Europe (8,239 ) $ 563 $ 1,142 $ 2,460 $ (4,074 ) Operating income 12,506 Interest expense—third party (5,665 ) Interest expense—related party (79 ) Other income, net 1,409 Earnings before income taxes 8,171 Income tax benefit 5,738 Net earnings 13,909 Net loss attributable to noncontrolling interests 105 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 14,014 Six Months Ended June 30, 2017 Operating Stock-based Depreciation Amortization Adjusted (In thousands) North America $ 8,208 $ 15,396 $ 5,777 $ 1,915 $ 31,296 Europe (9,656 ) $ 904 $ 437 $ 2,202 $ (6,113 ) Operating loss (1,448 ) Interest expense—related party (3,674 ) Other income, net 736 Loss before income taxes (4,386 ) Income tax benefit 30,248 Net earnings 25,862 Net loss attributable to noncontrolling interests 1,005 Net earnings attributable to ANGI Homeservices Inc. shareholders $ 26,867

TRANSACTION AND INTEGRATION R29

TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Purchase Price	A summary of the costs incurred, payments made and the related accrual is presented below. Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 (In thousands) Integration related costs $ 819 $ 3,323 Stock-based compensation expense 16,723 35,829 Total $ 17,542 $ 39,152 Six Months Ended June 30, 2018 (In thousands) Accrual as of January 1 $ 8,480 Charges incurred 3,323 Payments made (10,526 ) Accrual as of June 30 $ 1,277 The costs are allocated as follows in the accompanying consolidated statement of operations: Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Integration Related Costs Stock-based Compensation Expense Total Integration Related Costs Stock-based Compensation Expense Total (In thousands) Cost of revenue $ — $ — $ — $ — $ — $ — Selling and marketing expense — 690 690 — 1,100 1,100 General and administrative expense 819 14,825 15,644 3,323 31,529 34,852 Product development expense — 1,208 1,208 — 3,200 3,200 Total $ 819 $ 16,723 $ 17,542 $ 3,323 $ 35,829 $ 39,152

THE COMPANY AND SUMMARY OF SI30

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)consumer_review	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)operating_segmentconsumer_review	Jun. 30, 2017USD ($)	Dec. 31, 2018USD ($)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Entity Operations Information [Abstract]
Number of consumer reviews | consumer_review	15,000,000		15,000,000
Period of consumer reviews collected			20 years
Number of operating segments | operating_segment			2
Retained earnings (accumulated deficit)	$ (82,101)		$ (82,101)				$ (121,764)
Deferred income taxes	4,410		4,410				$ 5,626
Operating income (loss)	$ 23,262	$ (2,836)	$ 12,506	$ (1,448)
Restricted cash included in Other assets								$ 10,600
Class B Common Stock | IAC
Entity Operations Information [Abstract]
Ownership interest (as a percent)	86.40%		86.40%
Voting interest (as a percent)	98.50%		98.50%
Accounting Standards Update 2014-09
Entity Operations Information [Abstract]
Retained earnings (accumulated deficit)						$ 25,600
Current asset for capitalized sales commissions						29,700
Noncurrent asset for capitalized sales commissions						4,200
Deferred income taxes						$ 8,300
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Entity Operations Information [Abstract]
Operating income (loss)	$ 2,118		$ 8,211
Forecast | Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Entity Operations Information [Abstract]
Operating income (loss)					$ 10,000

THE COMPANY AND SUMMARY OF SI31

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Adoption of ASU 2014-09 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	$ 294,822	$ 180,711	$ 550,133	$ 331,456
Operating costs and expenses by segment:	271,560	183,547	537,627	332,904
Operating income (loss)	23,262	(2,836)	12,506	(1,448)
Net earnings	23,023	$ (25)	13,909	$ 25,862
North America
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	277,505
Operating costs and expenses by segment:	251,395		492,786
Operating income (loss)	26,110
Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	17,317
Operating costs and expenses by segment:	20,165		44,841
Operating income (loss)	(2,848)
Under ASC 605
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	294,822		550,133
Operating costs and expenses by segment:	273,678		545,838
Operating income (loss)	21,144		4,295
Net earnings	21,445		7,731
Under ASC 605 | North America
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	277,505		513,531
Operating costs and expenses by segment:	253,460		500,891
Operating income (loss)	24,045		12,640
Under ASC 605 | Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	17,317		36,602
Operating costs and expenses by segment:	20,218		44,947
Operating income (loss)	(2,901)		(8,345)
Accounting Standards Update 2014-09 | Effect of adoption of ASU No. 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	0		0
Operating costs and expenses by segment:	(2,118)		(8,211)
Operating income (loss)	2,118		8,211
Net earnings	1,578		6,178
Accounting Standards Update 2014-09 | Effect of adoption of ASU No. 2014-09 | North America
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	0		0
Operating costs and expenses by segment:	(2,065)		(8,105)
Operating income (loss)	2,065		8,105
Accounting Standards Update 2014-09 | Effect of adoption of ASU No. 2014-09 | Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue by segment:	0		0
Operating costs and expenses by segment:	(53)		(106)
Operating income (loss)	$ 53		$ 106

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jan. 01, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Deferred revenue			$ 64,100
Deferred revenue recognized during period	$ 41,000	$ 54,100
Deferred revenue	69,411	69,411		$ 62,371
Noncurrent deferred revenue	1,000	1,000
Amortization expense recognized related to contract cost assets		12,500
Capitalization of costs incurred to obtain contract	$ 42,100	$ 42,100

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax benefit	$ 1,753	$ 4,388	$ 5,738	$ 30,248
Unrecognized tax benefits including interest	1,700		1,700		$ 1,500
Decrease in unrecognized tax benefit, reasonably possible within twelve months	1,600		1,600		$ 1,500
Gross deferred tax asset	$ 85,100		$ 85,100

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) $ in Thousands, € in Millions, £ in Millions, $ in Millions	Sep. 29, 2017USD ($)	Mar. 24, 2017USD ($)	Mar. 24, 2017GBP (£)	Feb. 08, 2017USD ($)	Feb. 08, 2017CAD ($)	Nov. 03, 2016USD ($)	Nov. 03, 2016EUR (€)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Angie's List
Business Acquisition
Voting interests acquired (as a percent)	100.00%
Consideration transferred	$ 781,400
Cash acquisition price									$ 10,526
HomeStars
Business Acquisition
Voting interests acquired (as a percent)				90.00%	90.00%
Cash acquisition price				$ 12,700	$ 16.6
Ownership of noncontrolling interests (as a percent)				10.00%	10.00%
Fair value at acquisition				$ 1,400	$ 1.9
MyBuilder
Business Acquisition
Voting interests acquired (as a percent)		75.00%	75.00%
Cash acquisition price		$ 40,700	£ 32.6
Ownership of noncontrolling interests (as a percent)		25.00%	25.00%
Fair value at acquisition		$ 13,300	£ 10.7
MyHammer
Business Acquisition
Voting interests acquired (as a percent)						70.00%	70.00%		83.00%
Consideration transferred						$ 19,700	€ 17.7
Ownership of noncontrolling interests (as a percent)						30.00%	30.00%
Fair value at acquisition						$ 10,400	€ 9.4
Modification of Equity Awards
Business Acquisition
Adjustment to increase share-based compensation								$ (11,600)		$ (26,300)
Amortization Adjustment
Business Acquisition
Adjustment to increase amortization of intangibles								$ 10,900		$ 23,200

BUSINESS COMBINATIONS - Schedul

BUSINESS COMBINATIONS - Schedule of Pro-Forma Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2017
Business Acquisition, Pro Forma Information [Abstract]
Revenue	$ 253,222	$ 479,920
Net loss attributable to ANGI Homeservices Inc. shareholders	$ (9,454)	$ 7,066
Basic earnings per share attributable to ANGI Homeservices Inc. shareholders (USD per share)	$ (0.02)	$ 0.02
Diluted earnings per share attributable to ANGI Homeservices Inc. shareholders (USD per share)	$ (0.02)	$ 0.02

FAIR VALUE MEASUREMENTS AND F36

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets:
Cash equivalents	$ 244,317	$ 195,902
Quoted market prices in active markets for identical assets (level 1)
Assets:
Cash equivalents	243,357	189,707
Significant other observable inputs (level 2)
Assets:
Cash equivalents	960	6,195
Significant unobservable inputs (level 3)
Assets:
Cash equivalents	0	0
Money market funds
Assets:
Cash equivalents	243,357	189,207
Money market funds | Quoted market prices in active markets for identical assets (level 1)
Assets:
Cash equivalents	243,357	189,207
Money market funds | Significant other observable inputs (level 2)
Assets:
Cash equivalents	0	0
Money market funds | Significant unobservable inputs (level 3)
Assets:
Cash equivalents	0	0
Treasury discount notes
Assets:
Cash equivalents		500
Treasury discount notes | Quoted market prices in active markets for identical assets (level 1)
Assets:
Cash equivalents		500
Treasury discount notes | Significant other observable inputs (level 2)
Assets:
Cash equivalents		0
Treasury discount notes | Significant unobservable inputs (level 3)
Assets:
Cash equivalents		0
Certificates of deposit
Assets:
Cash equivalents	960	6,195
Certificates of deposit | Quoted market prices in active markets for identical assets (level 1)
Assets:
Cash equivalents	0	0
Certificates of deposit | Significant other observable inputs (level 2)
Assets:
Cash equivalents	960	6,195
Certificates of deposit | Significant unobservable inputs (level 3)
Assets:
Cash equivalents	$ 0	$ 0

FAIR VALUE MEASUREMENTS AND F37

FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt—related party	$ 0	$ (816)
Long-term debt—related party, net	(1,576)	(1,997)
Carrying value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long term debt	(13,750)	(13,750)
Long-term debt, net	(251,740)	(258,312)
Current portion of long-term debt—related party	0	(816)
Long-term debt—related party, net	(1,576)	(1,997)
Fair value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long term debt	(13,613)	(13,802)
Long-term debt, net	(251,831)	(262,230)
Current portion of long-term debt—related party	0	(837)
Long-term debt—related party, net	$ (1,743)	$ (2,048)

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Debt Instrument
Outstanding balance	$ 268,125	$ 275,000
Term Loan | Term Loan due November 01, 2022
Debt Instrument
Outstanding balance	$ 268,100	$ 275,000
Term Loan | Term Loan due November 01, 2022 | Minimum
Debt Instrument
Interest coverage ratio	2.5
Term Loan | Term Loan due November 01, 2022 | Maximum
Debt Instrument
Net leverage ratio	4.5
Term Loan | Term Loan due November 01, 2022 | LIBOR | Minimum
Debt Instrument
Basis spread on variable rate (as a percent)	2.00%
Term Loan | Term Loan due November 01, 2022 | LIBOR | Maximum
Debt Instrument
Basis spread on variable rate (as a percent)	4.36%	3.38%
Term Loan | Term Loan due November 01, 2022 | Quarterly payments for first three years | Base Rate
Debt Instrument
Basis spread on variable rate (as a percent)	1.25%
Term Loan | Term Loan due November 01, 2022 | Quarterly payments in fourth year | Base Rate
Debt Instrument
Basis spread on variable rate (as a percent)	2.50%
Term Loan | Term Loan due November 01, 2022 | Quarterly payments in fifth year | Base Rate
Debt Instrument
Basis spread on variable rate (as a percent)	3.75%

LONG-TERM DEBT - Summary of Lon

LONG-TERM DEBT - Summary of Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Term Loan due November 1, 2022	$ 268,125	$ 275,000
Less: current portion of Term Loan	13,750	13,750
Less: unamortized debt issuance costs	2,635	2,938
Total long-term debt, net	$ 251,740	$ 258,312

ACCUMULATED OTHER COMPREHENSI40

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax expense (benefit)	$ (1,753,000)	$ (4,388,000)	$ (5,738,000)	$ (30,248,000)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income tax expense (benefit)			$ 0	$ 0

ACCUMULATED OTHER COMPREHENSI41

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Loss
Balance at beginning of period			$ 993,346
Other comprehensive (loss) income before reclassifications	$ (4,942)	$ 330	(1,089)	$ 1,491
Amounts reclassified to earnings	(191)	0	(52)	0
Net current period other comprehensive (loss) income	(5,133)	330	(1,141)	1,491
Balance at end of period	1,058,409		1,058,409
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Loss
Balance at beginning of period	6,224	(560)	2,232	(1,721)
Balance at end of period	$ 1,091	$ (230)	$ 1,091	$ (230)

EARNINGS PER SHARE - Summary (D

EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net earnings (loss)	$ 23,023	$ (25)	$ 13,909	$ 25,862
Net (earnings) loss attributable to noncontrolling interests	(124)	279	105	1,005
Net earnings attributable to ANGI Homeservices Inc. shareholders	$ 22,899	$ 254	$ 14,014	$ 26,867
Weighted average basic shares outstanding (shares)	480,618	414,754	479,470	414,754
Dilutive securities including stock appreciation rights, stock options, RSUs and subsidiary denominated equity awards (shares)	28,145	0	27,544	0
Weighted average diluted shares outstanding (shares)	508,763	414,754	507,014	414,754
Earnings per share attributable to ANGI Homeservices Inc. shareholders:
Basic earnings per share (USD per share)	$ 0.05	$ 0	$ 0.03	$ 0.06
Diluted earnings per share (USD per share)	$ 0.05	$ 0	$ 0.03	$ 0.06
Subsidiary Denominated Equity, Stock Options, and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	100		300
Market-based awards and PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	1,300		1,300

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information
Revenue from contracts with customers	$ 294,822	$ 180,711	$ 550,133	$ 331,456
Operating (Loss) Income	23,262	(2,836)	12,506	(1,448)
North America
Segment Reporting Information
Revenue from contracts with customers	277,505	165,491	513,531	303,563
Operating (Loss) Income	26,110	1,784	20,745	8,208
Adjusted EBITDA	68,088	17,112	107,693	31,296
Europe
Segment Reporting Information
Revenue from contracts with customers	17,317	15,220	36,602	27,893
Operating (Loss) Income	(2,848)	(4,620)	(8,239)	(9,656)
Adjusted EBITDA	$ (1,109)	$ (2,141)	$ (4,074)	$ (6,113)

SEGMENT INFORMATION - Revenue D

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information
Revenue from contracts with customers	$ 294,822	$ 180,711	$ 550,133	$ 331,456
North America
Segment Reporting Information
Revenue from contracts with customers	277,505	165,491	513,531	303,563
Europe
Segment Reporting Information
Revenue from contracts with customers	17,317	15,220	36,602	27,893
Marketplace revenue | North America
Segment Reporting Information
Revenue from contracts with customers	204,735	155,755	370,343	285,399
Consumer connection revenue | North America
Segment Reporting Information
Revenue from contracts with customers	187,172	141,163	336,232	257,163
Membership subscription revenue | North America
Segment Reporting Information
Revenue from contracts with customers	16,565	13,704	32,192	26,456
Other revenue | North America
Segment Reporting Information
Revenue from contracts with customers	998	888	1,919	1,780
Advertising & Other revenue | North America
Segment Reporting Information
Revenue from contracts with customers	72,770	9,736	143,188	18,164
Advertising & Other revenue | Europe
Segment Reporting Information
Revenue from contracts with customers	304	178	551	380
Consumer connection revenue | Europe
Segment Reporting Information
Revenue from contracts with customers	12,496	11,170	26,863	19,635
Membership subscription revenue | Europe
Segment Reporting Information
Revenue from contracts with customers	$ 4,517	$ 3,872	$ 9,188	$ 7,878

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenue and Long-lived Assets by Geography
Revenue	$ 294,822	$ 180,711	$ 550,133	$ 331,456
Long-lived assets (excluding goodwill and intangible assets)	53,396		53,396		$ 53,292
United States
Revenue and Long-lived Assets by Geography
Revenue	274,785	163,669	508,260	301,135
Long-lived assets (excluding goodwill and intangible assets)	48,684		48,684		49,356
All other countries
Revenue and Long-lived Assets by Geography
Revenue	20,037	$ 17,042	41,873	$ 30,321
Long-lived assets (excluding goodwill and intangible assets)	$ 4,712		$ 4,712		$ 3,936

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	$ 23,262	$ (2,836)	$ 12,506	$ (1,448)
Stock-based compensation expense	22,053	11,839	46,959	16,300
Depreciation			12,070	6,214
Amortization of intangibles	15,778	2,750	32,084	4,117
Interest expense—third party	(3,011)	0	(5,665)	0
Interest expense—related party	(34)	(2,082)	(79)	(3,674)
Other income, net	1,053	505	1,409	736
Earnings (loss) before income taxes	21,270	(4,413)	8,171	(4,386)
Income tax benefit	1,753	4,388	5,738	30,248
Net earnings (loss)	23,023	(25)	13,909	25,862
Net (earnings) loss attributable to noncontrolling interests	(124)	279	105	1,005
Net earnings attributable to ANGI Homeservices Inc. shareholders	22,899	254	14,014	26,867
North America
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	26,110	1,784	20,745	8,208
Stock-based compensation expense	21,821	11,395	46,396	15,396
Depreciation	5,354	2,892	10,928	5,777
Amortization of intangibles	14,803	1,041	29,624	1,915
Adjusted EBITDA	68,088	17,112	107,693	31,296
Europe
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(2,848)	(4,620)	(8,239)	(9,656)
Stock-based compensation expense	232	444	563	904
Depreciation	532	326	1,142	437
Amortization of intangibles	975	1,709	2,460	2,202
Adjusted EBITDA	$ (1,109)	$ (2,141)	$ (4,074)	$ (6,113)

RELATED PARTY TRANSACTIONS WI47

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - IAC € in Millions, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)shares	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)shares	Jun. 30, 2017USD ($)	Dec. 31, 2017EUR (€)	Jun. 30, 2018EUR (€)	Dec. 31, 2017USD ($)	Dec. 31, 2017EUR (€)
Related Party Transaction [Line Items]
Allocated general and administrative costs from related party activities		$ 1.7		$ 3.1
Amounts due to related party							$ 2
Notes Payable | Promissory Note Due December 31, 2020
Related Party Transaction [Line Items]
Increase (decrease) in long-term debt - related parties | €					€ (2.4)
Long-term debt - related party	$ 1.6		$ 1.6			€ 1.4	2.8	€ 2.4
Employee Matters Agreement
Related Party Transaction [Line Items]
Shares received from related party pursuant to employee matters agreement (in shares) | shares	0		700,000
Services Agreement
Related Party Transaction [Line Items]
Payments received from related parties	$ 1.2		$ 2.7
Amounts due to related party							$ 0.4

TRANSACTION AND INTEGRATION R48

TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition
Stock-based compensation expense	$ 22,053	$ 11,839	$ 46,959	$ 16,300
Angie's List
Business Acquisition
Integration related costs	819		3,323
Write-off due to deferred revenue	1,800		4,600
Stock-based compensation expense	$ 16,723		$ 35,829

TRANSACTION AND INTEGRATION R49

TRANSACTION AND INTEGRATION RELATED COSTS IN CONNECTION WITH THE COMBINATION - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition
Stock-based compensation expense	$ 22,053	$ 11,839	$ 46,959	$ 16,300
Cost of revenue
Business Acquisition
Stock-based compensation expense	(1)	8		10
Selling and marketing expense
Business Acquisition
Stock-based compensation expense	997	195	1,658	693
General and administrative expense
Business Acquisition
Stock-based compensation expense	19,312	11,302	41,005	14,918
Product development expense
Business Acquisition
Stock-based compensation expense	1,745	$ 334	4,296	$ 679
Angie's List
Business Acquisition
Integration related costs	819		3,323
Stock-based compensation expense	16,723		35,829
Total	17,542		39,152
Accrual as of January 1			8,480
Charges incurred			3,323
Payments made			(10,526)
Accrual as of June 30	1,277		1,277
Angie's List | Cost of revenue
Business Acquisition
Integration related costs	0		0
Stock-based compensation expense	0		0
Total	0		0
Angie's List | Selling and marketing expense
Business Acquisition
Integration related costs	0		0
Stock-based compensation expense	690		1,100
Total	690		1,100
Angie's List | General and administrative expense
Business Acquisition
Integration related costs	819		3,323
Stock-based compensation expense	14,825		31,529
Total	15,644		34,852
Angie's List | Product development expense
Business Acquisition
Integration related costs	0		0
Stock-based compensation expense	1,208		3,200
Total	$ 1,208		$ 3,200