Angi (ANGI) 10-Q 5 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 29, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-38220
Entity Registrant Name	Angi Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1204801
Entity Address, Address Line One	3601 Walnut Street
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80205
City Area Code	303
Local Phone Number	963-7200
Title of 12(b) Security	Class A Common Stock, par value $0.001
Trading Symbol	ANGI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001705110
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		80,373,715
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		422,019,247
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 476,625	$ 812,705
Marketable debt securities	0	49,995
Accounts receivable, net of reserves of $40,276 and $27,839, respectively	98,538	43,148
Other current assets	75,818	71,958
Total current assets	650,981	977,806
Capitalized software, leasehold improvements and equipment, net	116,825	108,842
Goodwill	917,081	891,797
Intangible assets, net	198,024	209,717
Other non-current assets, net	192,127	180,020
TOTAL ASSETS	2,075,038	2,368,182
LIABILITIES:
Accounts payable	39,491	30,805
Deferred revenue	60,025	54,654
Accrued expenses and other current liabilities	203,752	148,219
Total current liabilities	303,268	233,678
Long-term debt, net	494,373	712,277
Deferred income taxes	1,633	1,296
Other long-term liabilities	102,434	111,710
Redeemable noncontrolling interests	4,524	26,364
Commitments and contingencies
SHAREHOLDERS’ EQUITY:
Additional paid-in capital	1,345,549	1,379,469
(Accumulated deficit) retained earnings	(35,608)	9,749
Accumulated other comprehensive income	4,933	4,637
Treasury stock, 19,107 and 15,905 shares, respectively	(157,484)	(122,081)
Total Angi Inc. shareholders’ equity	1,157,911	1,272,290
Noncontrolling interests	10,895	10,567
Total shareholders’ equity	1,168,806	1,282,857
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,075,038	2,368,182
Class A Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	99	94
Class B Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	422	422
Class C Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	$ 0	$ 0

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Allowance and reserves	$ 40,276	$ 27,839
Treasury stock (shares)	19,107,000	15,905,000
Class A Common Stock
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)	99,252,000	94,238,000
Common stock outstanding (shares)	80,146,000	78,333,000
Class B Common Stock
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)	422,019,000	421,862,000
Common stock outstanding (shares)	422,019,000	421,862,000
Class C Common Stock
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 STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue	$ 461,565	$ 389,913	$ 1,269,582	$ 1,108,624
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	99,467	48,253	222,999	122,524
Selling and marketing expense	237,755	210,171	682,626	590,114
General and administrative expense	103,086	90,122	298,734	270,129
Product development expense	17,675	17,577	54,474	50,068
Depreciation	14,701	13,921	45,728	38,614
Amortization of intangibles	3,854	12,888	12,616	38,846
Total operating costs and expenses	476,538	392,932	1,317,177	1,110,295
Operating loss	(14,973)	(3,019)	(47,595)	(1,671)
Interest expense	(6,032)	(3,699)	(18,463)	(7,593)
Other (expense) income, net	(479)	223	(1,882)	856
Loss before income taxes	(21,484)	(6,495)	(67,940)	(8,408)
Income tax benefit	4,791	11,698	23,209	17,638
Net (loss) earnings	(16,693)	5,203	(44,731)	9,230
Net earnings attributable to noncontrolling interests	(302)	(731)	(626)	(1,049)
Net (loss) earnings attributable to Angi Inc. shareholders	$ (16,995)	$ 4,472	$ (45,357)	$ 8,181
Per share information attributable to Angi Inc. shareholders:
Basic (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ (0.09)	$ 0.02
Diluted (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ (0.09)	$ 0.02
Stock-based compensation expense by function:
Stock-Based Compensation Expense	$ 8,813	$ 14,697	$ 20,390	$ 55,031
Selling and marketing expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	1,256	2,346	3,138	4,069
General and administrative expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	5,836	10,866	13,330	46,977
Product development expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	$ 1,721	$ 1,485	$ 3,922	$ 3,985

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (16,693)	$ 5,203	$ (44,731)	$ 9,230
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	(1,353)	3,053	722	971
Comprehensive (loss) income	(18,046)	8,256	(44,009)	10,201
Components of comprehensive loss (income) attributable to noncontrolling interests:
Net earnings attributable to noncontrolling interests	(302)	(731)	(626)	(1,049)
Change in foreign currency translation adjustment attributable to noncontrolling interests	313	(1,298)	(426)	(577)
Comprehensive loss (income) attributable to noncontrolling interests	11	(2,029)	(1,052)	(1,626)
Comprehensive (loss) income attributable to Angi Inc. shareholders	$ (18,035)	$ 6,227	$ (45,061)	$ 8,575

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total Angi Inc. Shareholders' Equity	Redeemable Noncontrolling Interests	Common StockClass A Common Stock	Common StockClass B Common Stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2019			$ 26,663
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			383
Other comprehensive loss			233
Stock-based compensation expense			15
Purchase of redeemable noncontrolling interests			(3,165)
Adjustment of redeemable noncontrolling interests to fair value			1,645
Balance at end of period at Sep. 30, 2020			25,774
Balance at beginning of period at Dec. 31, 2019	$ 1,323,552	$ 1,314,288		$ 87	$ 422	$ 1,357,075	$ 16,032	$ (1,379)	$ (57,949)	$ 9,264
Balance at beginning of period (shares) at Dec. 31, 2019				87,007,000	421,570,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	8,847	8,181					8,181			666
Other comprehensive loss	738	394						394		344
Stock-based compensation expense	54,664	54,664				54,664
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(48,609)	(48,609)		$ 6		(48,615)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				5,653,000
Issuance of common stock to IAC pursuant to the employee matters agreement	(1,423)	(1,423)				(1,423)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					289,000
Purchase of treasury stock	(54,859)	(54,859)							(54,859)
Purchase of noncontrolling interests	(1,115)									(1,115)
Adjustment of redeemable noncontrolling interests to fair value	(1,645)	(1,645)				(1,645)
Adjustment pursuant to the tax sharing agreement	3,613	3,613				3,613
Other	(2)	(692)				(692)				690
Balance at end of period at Sep. 30, 2020	1,283,761	1,273,912		$ 93	$ 422	1,362,977	24,213	(985)	(112,808)	9,849
Balance at end of period (shares) at Sep. 30, 2020				92,660,000	421,859,000
Balance at beginning of period at Jun. 30, 2020			25,093
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			438
Other comprehensive loss			920
Adjustment of redeemable noncontrolling interests to fair value			(677)
Balance at end of period at Sep. 30, 2020			25,774
Balance at beginning of period at Jun. 30, 2020	1,301,926	1,292,322		$ 89	$ 422	1,387,618	19,741	(2,740)	(112,808)	9,604
Balance at beginning of period (shares) at Jun. 30, 2020				89,076,000	421,757,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	4,765	4,472					4,472			293
Other comprehensive loss	2,133	1,755						1,755		378
Stock-based compensation expense	13,846	13,846				13,846
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(37,838)	(37,838)		$ 4		(37,842)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				3,584,000
Issuance of common stock to IAC pursuant to the employee matters agreement	(632)	(632)				(632)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					102,000
Purchase of noncontrolling interests	(1,115)									(1,115)
Adjustment of redeemable noncontrolling interests to fair value	677	677				677
Other	(1)	(690)				(690)				689
Balance at end of period at Sep. 30, 2020	1,283,761	1,273,912		$ 93	$ 422	1,362,977	24,213	(985)	(112,808)	9,849
Balance at end of period (shares) at Sep. 30, 2020				92,660,000	421,859,000
Balance at beginning of period at Dec. 31, 2020	26,364		26,364
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			49
Other comprehensive loss			515
Purchase of redeemable noncontrolling interests			(22,938)
Adjustment of redeemable noncontrolling interests to fair value			534
Balance at end of period at Sep. 30, 2021	4,524		4,524
Balance at beginning of period at Dec. 31, 2020	1,282,857	1,272,290		$ 94	$ 422	1,379,469	9,749	4,637	(122,081)	10,567
Balance at beginning of period (shares) at Dec. 31, 2020				94,238,000	421,862,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(44,780)	(45,357)					(45,357)			577
Other comprehensive loss	207	296						296		(89)
Stock-based compensation expense	22,836	22,836				22,836
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(55,807)	(55,807)		$ 2		(55,809)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				2,427,000
Issuance of common stock to IAC pursuant to the employee matters agreement	0			$ 3		(3)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)				2,588,000	157,000
Purchase of treasury stock	(35,403)	(35,403)							(35,403)
Purchase of noncontrolling interests	(160)									(160)
Adjustment of redeemable noncontrolling interests to fair value	(534)	(534)				(534)
Other	(410)	(410)				(410)
Balance at end of period at Sep. 30, 2021	1,168,806	1,157,911		$ 99	$ 422	1,345,549	(35,608)	4,933	(157,484)	10,895
Balance at end of period (shares) at Sep. 30, 2021				99,253,000	422,019,000
Balance at beginning of period at Jun. 30, 2021			4,536
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings			61
Other comprehensive loss			(73)
Balance at end of period at Sep. 30, 2021	4,524		$ 4,524
Balance at beginning of period at Jun. 30, 2021	1,209,425	1,198,371		$ 99	$ 422	1,338,208	(18,613)	5,973	(127,718)	11,054
Balance at beginning of period (shares) at Jun. 30, 2021				99,111,000	421,977,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(16,754)	(16,995)					(16,995)			241
Other comprehensive loss	(1,280)	(1,040)						(1,040)		(240)
Stock-based compensation expense	8,817	8,817				8,817
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(1,066)	(1,066)				(1,066)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				139,000
Issuance of common stock to IAC pursuant to the employee matters agreement	0
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)				3,000	42,000
Purchase of treasury stock	(29,766)	(29,766)							(29,766)
Purchase of noncontrolling interests	(160)									(160)
Other	(410)	(410)				(410)
Balance at end of period at Sep. 30, 2021	$ 1,168,806	$ 1,157,911		$ 99	$ 422	$ 1,345,549	$ (35,608)	$ 4,933	$ (157,484)	$ 10,895
Balance at end of period (shares) at Sep. 30, 2021				99,253,000	422,019,000

CONSOLIDATED STATEMENT OF SHA_2

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Class A Common Stock | 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 B Common Stock | 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
Class C Common Stock | Common Stock
Common stock, par value (USD per share)	$ 0.001		$ 0.001

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net (loss) earnings	$ (44,731)	$ 9,230
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Provision for credit losses	66,081	60,090
Stock-based compensation expense	20,390	55,031
Depreciation	45,728	38,614
Amortization of intangibles	12,616	38,846
Deferred income taxes	(25,435)	(18,081)
Impairment of long-lived and right-of-use assets	12,280	188
Non-cash lease expense	9,587	10,166
Revenue reserves	6,392	6,998
Other adjustments, net	4,226	1,508
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	(106,234)	(70,705)
Other assets	(3,342)	(4,966)
Accounts payable and other liabilities	23,271	46,941
Income taxes payable and receivable	499	(570)
Deferred revenue	4,560	(105)
Net cash provided by operating activities	25,888	173,185
Cash flows from investing activities:
Acquisition, net of cash acquired	(25,357)
Capital expenditures	(52,056)	(37,637)
Purchases of marketable debt securities	0	(49,987)
Proceeds from maturities of marketable debt securities	50,000	0
Net proceeds from the sale of a business	750	730
Net cash used in investing activities	(26,663)	(86,894)
Cash flows from financing activities:
Proceeds from the issuance of Senior Notes	0	500,000
Principal payments on Term Loan	(220,000)	(10,313)
Debt issuance costs	0	(5,635)
Purchase of treasury stock	(35,403)	(54,400)
Withholding taxes paid on behalf of employees on net settled stock-based awards	(56,135)	(49,993)
Distribution from IAC pursuant to the tax sharing agreement	0	3,071
Purchase of noncontrolling interests	(23,508)	(4,280)
Net cash (used in) provided by financing activities	(335,046)	378,450
Total cash (used) provided	(335,821)	464,741
Effect of exchange rate changes on cash and cash equivalents and restricted cash	373	(354)
Net (decrease) increase in cash and cash equivalents and restricted cash	(335,448)	464,387
Cash and cash equivalents and restricted cash at beginning of period	813,561	391,478
Cash and cash equivalents and restricted cash at end of period	$ 478,113	$ 855,865

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2021
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 Inc., formerly ANGI Homeservices, Inc., (“Angi Inc.,” the “Company,” “we,” “our,” or “us”) connects quality home service professionals with consumers across 400 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 260,000 domestic service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended September 30, 2021. Additionally, consumers turned to at least one of our brands to find a professional for approximately 33 million projects during the twelve months ended September 30, 2021. The Company has two operating segments: (i) North America (United States and Canada), which includes Angi Ads and Leads and Angi Services; and (ii) Europe. The brands for North America operate as follows: Angi Ads operates under the Angi (formerly Angie’s List) brand, Angi Leads operates primarily under the HomeAdvisor, powered by Angi brand, and Angi Services operates primarily under the Handy brand. As used herein, “Angi Inc.,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At September 30, 2021, IAC/InterActiveCorp (“IAC”) owned 84.6% and 98.2% of the economic interest and voting interest, respectively, of the Company. Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). 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. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries are considered to be effectively settled for cash at the time the transaction is recorded. See “ Note 10—Related Party Transactions with IAC ” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020. COVID-19 Update The impact on the Company from the COVID-19 pandemic and the measures designed to contain its spread has been varied and volatile. As previously disclosed, the initial impact of COVID-19 on the Company resulted in a decline in demand for service requests, driven primarily by decreases in demand in certain categories of jobs (particularly discretionary indoor projects). While we experienced a rebound in service requests in the second half of 2020 and through early 2021, service requests did start to decline in May 2021 compared to the comparable months of 2020 as a result of the surge in 2020 and due to impacts of the brand integration initiative launched on March 17, 2021. Moreover, many service professionals’ businesses had been adversely impacted by labor and material constraints and many service professionals had limited capacity to take on new business, which negatively impacted our ability to monetize this increased level of service requests through the first quarter of 2021. Although our ability to monetize service requests rebounded modestly in the second and third quarters of 2021, we still have not returned back to levels we experienced pre-COVID-19. No assurances can be provided that we will continue to be able to improve monetization, or that service professionals’ businesses will not be adversely impacted in the future. The extent to which developments related to the COVID-19 pandemic and measures designed to curb its spread continue to impact the Company’s business, financial condition and results of operations will depend on future developments, all of which are highly uncertain and many of which are beyond the Company’s control, including the continuing spread of COVID-19, the severity of resurgences of COVID-19 caused by variant strains of the virus, the effectiveness of vaccines and attitudes toward receiving them, materials and supply chain constraints, labor shortages, the scope of governmental and other restrictions on travel, discretionary services and other activity, and public reactions to these developments. Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated 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 fair values of cash equivalents and marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses and the determination of revenue reserves; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets (“ROU assets”); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements, and equipment; the recoverability of goodwill and indefinite-lived intangible assets; 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. General Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the Company’s customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s disaggregated revenue disclosures are presented in “ Note 7—Segment Information .” Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company’s performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of its performance obligation is one year or less. At December 31, 2020, the current and non-current deferred revenue balances were $54.7 million and $0.2 million, respectively, and during the nine months ended September 30, 2021, the Company recognized $52.3 million of revenue that was included in the deferred revenue balance as of December 31, 2020. At December 31, 2019, the current and non-current deferred revenue balances were $58.2 million and $0.2 million, respectively, and during the nine months ended September 30, 2020, the Company recognized $55.7 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at September 30, 2021 are $60.0 million and $0.1 million, respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , 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 the Company has the right to invoice for services performed. Commissions Paid to Employees Pursuant to Sales Incentive Programs The Company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalized as the incremental costs to obtain a contract with a customer. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. Capitalized commissions paid to employees pursuant to these sales incentive programs are amortized over the estimated customer relationship period. The Company calculates the anticipated customer relationship period as the average customer life, which is based on historical data. For sales incentive programs where the anticipated customer relationship period is one year or less, the Company has elected the practical expedient to expense the commissions as incurred. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company uses a portfolio approach to assess the accounting treatment of the incremental costs to obtain a contract with a customer. The Company recognizes an asset for these costs if we expect to recover those costs. To the extent that these costs are capitalized, the resultant asset is amortized on a systematic basis consistent with the pattern of the transfer of the services to which the asset relates. The current contract assets are $40.3 million and $49.2 million at September 30, 2021 and December 31, 2020, respectively. The non-current assets are $1.2 million and $0.4 million at September 30, 2021 and December 31, 2020, respectively. The current and non-current capitalized costs to obtain a contract with a customer are included in “Other current assets” and “Other non-current assets” in the accompanying balance sheet. Recent Accounting Pronouncements Accounting Pronouncement Not Yet Adopted by the Company ASU 2021-08 – Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the Financial Accounting Standards Board issued ASU No. 2021-08, which changes how entities will recognize assets acquired and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers. The provisions of ASU No. 2021-08 will require acquiring entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU No. 2014-09 (Topic 606), Revenue from Contracts with Customers, as if it had originated the contracts. The provisions of ASU No. 2021-08 are effective for fiscal years beginning after December 15, 2022, with early adoption permitted, including adoption in an interim period. The Company will early adopt ASU 2021-08 effective in the fourth quarter of 2021. An entity that early adopts in an interim period is required to apply the amendments (i) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early adoption and (ii) prospectively to all business combinations that occur on or after the date of initial application. Early adoption will have no material retrospective impact on the Company. The adoption of ASU 2021-08 may have a material impact on the purchase accounting for prospective business combinations. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In all periods presented, the income tax benefit and/or provision has been computed for the Company on an as if standalone, separate return basis and payments to and refunds from IAC for the Company’s share of IAC’s consolidated federal and state tax return liabilities/receivables calculated on this basis have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. The tax sharing agreement between the Company and IAC governs the parties’ respective rights, responsibilities and obligations with respect to tax matters, including responsibility for taxes attributable to the Company, entitlement to refunds, allocation of tax attributes and other matters and, therefore, ultimately governs the amount payable to or receivable from IAC with respect to income taxes. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. At the end of each interim period, the Company estimates 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 realization 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 the Company’s 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 or benefit in the quarter in which the change occurs. Included in the income tax benefit for the three months ended September 30, 2021 is a benefit of $0.6 million due to a higher estimated annual effective tax rate from that applied to the second quarter’s year to date ordinary loss from continuing operations. The higher estimated annual effective tax rate was primarily due to the reduced impact of forecasted nondeductible stock-based compensation expense had on the increase in forecasted ordinary pre-tax losses. For the three and nine months ended September 30, 2021, the Company recorded an income tax benefit of $4.8 million and $23.2 million, which represents an effective income tax rate of 22% and 34%, respectively. For the three months ended September 30, 2021, the effective income tax rate is higher than the statutory rate of 21% due primarily to benefits related to a change in the annual expected effective income tax rate, partially offset by foreign income taxed at different tax rates. For the nine months ended September 30, 2021, the effective income tax rate is higher than the statutory rate of 21% due primarily to excess tax benefits generated by the exercise and vesting for stock-based awards, partially offset by foreign income taxed at different tax rates. For the three months ended September 30, 2020, the Company recorded an income tax benefit of $11.7 million due primarily to excess tax benefits generated by the exercise and vesting of stock-based awards. For the nine months ended September 30, 2020, the Company recorded an income tax benefit of $17.6 million due primarily excess tax benefits generated by the exercise and vesting of stock-based awards and a reduction to deferred taxes due to the true-up of the state tax rate for an indefinite-lived intangible asset. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. There are currently no accruals for interest and penalties. 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 (“IRS”) has substantially completed its audit of IAC’s federal income tax returns for the years ended December 31, 2013 through 2017, and has begun its audit of the years December 31, 2018 through 2019, which includes the operations of the Company. The statutes of limitations for the years 2013 through 2017 have been extended to June 30, 2022. 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. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. 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 September 30, 2021 and December 31, 2020, the Company has unrecognized tax benefits of $5.8 million and $5.3 million, respectively; all of which are for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at September 30, 2021 are subsequently recognized, the income tax provision would be reduced by $5.6 million. The comparable amount as of December 31, 2020 is $5.1 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 September 30, 2021, the Company has a U.S. gross deferred tax asset of $203.6 million that the Company expects to fully utilize on a more likely than not basis. Of this amount, $54.4 million will be utilized upon the future reversal of deferred tax liabilities and the remaining net deferred tax asset of $149.2 million will be utilized based on forecasts of future taxable income. The Company’s most significant net deferred tax asset relates to U.S. federal net operating loss (“NOL”) carryforwards of $89.5 million. The Company expects to generate sufficient future taxable income of at least $426.2 million prior to the expiration of these NOLs, the majority of which expire between 2030 and 2037, and a portion of which never expire, to fully realize this deferred tax asset.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Marketable Debt Securities The Company did not hold any available-for-sale marketable debt securities at September 30, 2021. At December 31, 2020, current available-for-sale marketable debt securities were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 49,995 $ — $ — $ 49,995 Total available-for-sale marketable debt securities $ 49,995 $ — $ — $ 49,995 The contractual maturities of debt securities classified as current available-for-sale at December 31, 2020 were within one year. Fair Value Measurements 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: September 30, 2021 Quoted Market Prices for Identical Assets in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 314,040 $ — $ — $ 314,040 Total $ 314,040 $ — $ — $ 314,040 December 31, 2020 Quoted Market Prices for Identical Assets in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 374,014 $ — $ — $ 374,014 Treasury discount notes — 324,995 — 324,995 Time deposits — 2,721 — 2,721 Marketable debt securities: Treasury discount notes — 49,995 — 49,995 Total $ 374,014 $ 377,711 $ — $ 751,725 Assets measured at fair value on a nonrecurring basis The Company’s non-financial assets, such as goodwill, intangible assets, ROU assets, capitalized software, leasehold improvements and equipment are adjusted to fair value only when an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs. During the nine months ended September 30, 2021, the Company recorded $9.6 million in impairment charges on ROU assets, leasehold improvements, and furniture and equipment as a result of the Company reducing its real estate footprint. Impairment expense was determined by comparing the carrying value of each asset group related to each office space vacated to the estimated fair market value of cash inflows directly associated with each office space. Based on this analysis, if the carrying amount of the asset group is greater than the estimated future undiscounted cash flows, an impairment charge is recognized, measured as the amount by which the carrying amount exceeds the fair value of the asset. 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: September 30, 2021 December 31, 2020 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Long-term debt, net (a) $ (494,373) $ (495,625) $ (712,277) $ (725,700) ________________________ (a) At September 30, 2021 and December 31, 2020, the carrying value of long-term debt, net includes unamortized debt issuance costs of $5.6 million and $7.7 million, respectively . The fair value of long-term debt is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: September 30, 2021 December 31, 2020 (In thousands) 3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021 $ 500,000 $ 500,000 ANGI Group Term Loan due November 5, 2023 (“ANGI Group Term Loan”) — 220,000 Total long-term debt 500,000 720,000 Less: unamortized debt issuance costs 5,627 7,723 Total long-term debt, net $ 494,373 $ 712,277 ANGI Group Senior Notes The ANGI Group Senior Notes were issued on August 20, 2020, the proceeds of which have been used for general corporate purposes, including the acquisition of Total Home Roofing, Inc. (“Angi Roofing”) on July 1, 2021, and treasury share purchases. At any time prior to August 15, 2023, these notes may be redeemed at a redemption price equal to the sum of the principal amount thereof, plus accrued and unpaid interest and a make-whole premium. Thereafter, these notes may be redeemed at the redemption prices set forth in the indenture governing the notes, plus accrued and unpaid interest thereon, if any, to the applicable redemption date. The indenture governing the ANGI Group Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio (as defined in the indenture) exceeds 3.75 to 1.0. At September 30, 2021, there were no limitations pursuant thereto. ANGI Group Revolving Facility The $250.0 million ANGI Group Revolving Facility, which otherwise would have expired on November 5, 2023, was terminated effective August 3, 2021. No amounts were ever drawn under the ANGI Group Revolving Facility prior to its termination.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables present the components of accumulated other comprehensive income (loss): Three Months Ended September 30, 2021 2020 Foreign Accumulated Other Comprehensive Income Foreign Accumulated Other Comprehensive Loss (In thousands) Balance at July 1 $ 5,973 $ 5,973 $ (2,740) $ (2,740) Other comprehensive (loss) income (1,040) (1,040) 1,755 1,755 Balance at September 30 $ 4,933 $ 4,933 $ (985) $ (985) Nine Months Ended September 30, 2021 2020 Foreign Accumulated Other Comprehensive Income Foreign Accumulated Other Comprehensive Loss (In thousands) Balance at January 1 $ 4,637 $ 4,637 $ (1,379) $ (1,379) Other comprehensive income 296 296 394 394 Balance at September 30 $ 4,933 $ 4,933 $ (985) $ (985) At both September 30, 2021 and 2020, there was no tax benefit or provision on the accumulated other comprehensive income (loss).

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
(LOSS) EARNINGS PER SHARE	(LOSS) EARNINGS PER SHARE The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Three Months Ended September 30, 2021 2020 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net (loss) earnings $ (16,693) $ (16,693) $ 5,203 $ 5,203 Net earnings attributable to noncontrolling interests (302) (302) (731) (731) Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (16,995) $ (16,995) $ 4,472 $ 4,472 Denominator: Weighted average basic Class A and Class B common stock shares outstanding 503,416 503,416 497,501 497,501 Dilutive securities (a) (b) (c) — — — 17,218 Denominator for (loss) earnings per share—weighted average shares 503,416 503,416 497,501 514,719 (Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: (Loss) earnings per share $ (0.03) $ (0.03) $ 0.01 $ 0.01 Nine Months Ended September 30, 2021 2020 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net (loss) earnings $ (44,731) $ (44,731) $ 9,230 $ 9,230 Net earnings attributable to noncontrolling interests (626) (626) (1,049) (1,049) Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (45,357) $ (45,357) $ 8,181 $ 8,181 Denominator: Weighted average basic Class A and Class B common stock shares outstanding 502,859 502,859 497,574 497,574 Dilutive securities (a) (b) (c) — — — 13,901 Denominator for (loss) earnings per share—weighted average shares 502,859 502,859 497,574 511,475 (Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: (Loss) Earnings per share $ (0.09) $ (0.09) $ 0.02 $ 0.02 ________________________ (a) For the three and nine months ended September 30, 2021, the Company had a loss from operations and as a result, approximately 21.2 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and nine months ended September 30, 2020, 1.4 million and 5.4 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. (c) Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and nine months ended September 30, 2020, 1.2 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker views the businesses. In addition, the Company considers 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. The following table presents revenue by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Revenue: North America $ 443,531 $ 372,226 $ 1,204,517 $ 1,053,775 Europe 18,034 17,687 65,065 54,849 Total $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624 The following table presents the revenue of the Company’s segments disaggregated by type of service: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) North America Angi Ads and Leads: Consumer connection revenue (a) $ 238,421 $ 244,184 $ 699,867 $ 694,804 Advertising revenue (b) 63,953 56,217 187,308 166,732 Membership subscription revenue (c) 17,079 17,760 51,026 56,810 Other revenue 6,703 8,922 21,412 25,144 Total Angi Ads and Leads revenue 326,156 327,083 959,613 943,490 Angi Services revenue (d) 117,375 45,143 244,904 110,285 Total North America revenue 443,531 372,226 1,204,517 1,053,775 Europe Consumer connection revenue (e) 14,530 14,006 54,226 43,640 Service professional membership subscription revenue 3,215 3,278 9,874 9,792 Advertising and other revenue 289 403 965 1,417 Total Europe revenue 18,034 17,687 65,065 54,849 Total revenue $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624 ________________________ (a) Includes fees paid by service professionals for consumer matches through the Angi Ads and Leads platforms. (b) Includes revenue from service professionals under contract for advertising. (c) Includes membership subscription revenue from service professionals and consumers. (d) Includes revenue from pre-priced offerings and revenue from Angi Roofing (e) Includes fees paid by service professionals for consumer matches. Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below. Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Revenue United States $ 437,872 $ 368,082 $ 1,188,854 $ 1,041,903 All other countries 23,693 21,831 80,728 66,721 Total $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624 September 30, 2021 December 31, 2020 (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 108,496 $ 97,841 All other countries 8,329 11,001 Total $ 116,825 $ 108,842 The following tables present operating (loss) income and Adjusted EBITDA by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Operating (loss) income: North America $ (14,719) $ 295 $ (37,269) $ 8,377 Europe (254) (3,314) (10,326) (10,048) Total $ (14,973) $ (3,019) $ (47,595) $ (1,671) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Adjusted EBITDA (f) : North America $ 11,213 $ 40,454 $ 37,076 $ 136,886 Europe $ 1,182 $ (1,967) $ (5,937) $ (6,066) ________________________ (f) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating (loss) 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 the Company’s performance and that of its competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses. The following tables reconcile operating (loss) income for the Company’s reportable segments and net (loss) earnings attributable to Angi Inc. shareholders to Adjusted EBITDA: Three Months Ended September 30, 2021 Operating Loss Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ (14,719) $ 8,727 $ 13,351 $ 3,854 $ 11,213 Europe (254) $ 86 $ 1,350 $ — $ 1,182 Operating loss (14,973) Interest expense (6,032) Other expense, net (479) Loss before income taxes (21,484) Income tax benefit 4,791 Net loss (16,693) Net earnings attributable to noncontrolling interests (302) Net loss attributable to Angi Inc. shareholders $ (16,995) Three Months Ended September 30, 2020 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ 295 $ 14,599 $ 12,767 $ 12,793 $ 40,454 Europe (3,314) $ 98 $ 1,154 $ 95 $ (1,967) Operating loss (3,019) Interest expense (3,699) Other income, net 223 Loss before income taxes (6,495) Income tax benefit 11,698 Net earnings 5,203 Net earnings attributable to noncontrolling interests (731) Net earnings attributable to Angi Inc. shareholders $ 4,472 Nine Months Ended September 30, 2021 Operating Loss Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ (37,269) $ 20,118 $ 41,611 $ 12,616 $ 37,076 Europe (10,326) $ 272 $ 4,117 $ — $ (5,937) Operating loss (47,595) Interest expense (18,463) Other expense, net (1,882) Loss before income taxes (67,940) Income tax benefit 23,209 Net loss (44,731) Net earnings attributable to noncontrolling interests (626) Net loss attributable to Angi Inc. shareholders $ (45,357) Nine Months Ended September 30, 2020 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ 8,377 $ 54,406 $ 35,531 $ 38,572 $ 136,886 Europe (10,048) $ 625 $ 3,083 $ 274 $ (6,066) Operating loss (1,671) Interest expense (7,593) Other income, net 856 Loss before income taxes (8,408) Income tax benefit 17,638 Net earnings 9,230 Net earnings attributable to noncontrolling interests (1,049) Net earnings attributable to Angi Inc. shareholders $ 8,181

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENT DETAILS	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
CONSOLIDATED FINANCIAL STATEMENT DETAILS	CONSOLIDATED FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying balance sheet to the total amounts shown in the accompanying statement of cash flows: September 30, 2021 December 31, 2020 September 30, 2020 December 31, 2019 (In thousands) Cash and cash equivalents $ 476,625 $ 812,705 $ 855,044 $ 390,565 Restricted cash included in other current assets 272 407 392 504 Restricted cash included in other non-current assets 1,216 449 429 409 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 478,113 $ 813,561 $ 855,865 $ 391,478 Restricted cash included in other current assets at September 30, 2021 and December 31, 2020 consisted of funds collected from service providers for disputed payments which were not settled as of the period end, and cash reserved to fund insurance claims. Restricted cash included in other current assets at September 30, 2020 and December 31, 2019 primarily consisted of a deposit related to corporate credit cards. Restricted cash included in other non-current assets for all periods presented above primarily consisted of deposits related to leases. Restricted cash included in other non-current assets at September 30, 2021 also included cash held related to a check endorsement guarantee for Angi Roofing. Credit Losses and Revenue Reserve The following table presents the changes in the credit loss reserve for the nine months ended September 30, 2021 and 2020: 2021 2020 (In thousands) Balance at January 1 $ 26,046 $ 19,066 Current period provision for credit losses 66,081 60,090 Write-offs charged against the credit loss reserve (56,102) (53,208) Recoveries collected 1,896 1,883 Balance at September 30 $ 37,921 $ 27,831 The revenue reserve was $2.4 million and $2.0 million at September 30, 2021 and 2020, respectively. The total allowance for credit losses and revenue reserve was $40.3 million and $29.8 million as of September 30, 2021 and 2020, respectively. Accumulated Amortization and Depreciation The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category September 30, 2021 December 31, 2020 (In thousands) Right-of-use assets (included in “other non-current assets”) $ 55,284 $ 40,800 Capitalized software, leasehold improvements, and equipment $ 96,956 $ 95,438 Intangible assets $ 155,820 $ 162,627 Other (expense) income, net Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Interest income $ 31 $ 129 $ 178 $ 1,561 Gain (loss) on the sale of a business (a) 18 — 31 (454) Foreign exchange (losses) gains (515) 88 (968) (256) Loss on extinguishment of debt (b) — — (1,110) — Other (13) 6 (13) 5 Other (expense) income, net $ (479) $ 223 $ (1,882) $ 856 ________________________ (a) Loss from acquisition/sale of a business for the nine months ended September 30, 2020 includes a $0.2 million mark-to-market charge for an indemnification charge related to the Handy acquisition that was settled in Angi Inc. shares during the first quarter of 2020 and a $0.3 million charge related to the final earn-out settlement related to the sale of Felix. (b)

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
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 not identified any material legal matters where we believe an unfavorable outcome is probable and estimable; 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 2—Income Taxes ” for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS WITH

RELATED PARTY TRANSACTIONS WITH IAC	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC Angi Inc. and IAC have entered into certain agreements to govern their relationship. These agreements include: a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement. For the three and nine months ended September 30, 2021 and 2020, the Company was charged $0.9 million and $3.2 million, and $1.3 million and $3.6 million, respectively, by IAC for services rendered pursuant to the services agreement. There were no outstanding receivables or payables pursuant to the services agreement at September 30, 2021 or December 31, 2020. Additionally, the Company subleases office space to IAC and charged IAC $0.4 million and $1.2 million, and $0.5 million and $1.4 million of rent for the three and nine months ended September 30, 2021 and 2020, respectively. IAC subleases office space to the Company and charged the Company $0.3 million of rent for the three and nine months ended September 30, 2021. At September 30, 2021, there were no outstanding receivables or payables pursuant to the sublease agreements. At December 31, 2020, there was an outstanding receivable of less than $0.1 million due from IAC pursuant to the sublease agreements, which was subsequently paid in full in the first quarter of 2021. At September 30, 2021 and December 31, 2020, the Company had outstanding payables of $1.7 million and $0.9 million, respectively, due to IAC pursuant to the tax sharing agreement, which are included in “Accrued expenses and other current liabilities,” in the accompanying consolidated balance sheet. There were no payments to or refunds from IAC pursuant to this agreement during the three and nine months ended September 30, 2021. There were $3.1 million of refunds received from IAC pursuant to this agreement during the nine months ended September 30, 2020. For the three and nine months ended September 30, 2021, less than 0.1 million and 0.2 million shares, respectively, of Angi Inc. 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 Inc. employees. For the three and nine months ended September 30, 2020, 0.1 million and 0.3 million shares of Angi Inc. Class B common stock were issued to IAC pursuant to the employee matters agreement. For the three and nine months ended September 30, 2021, less than 0.1 million and 2.6 million shares, respectively, of Angi Inc. Class A common stock were issued to IAC pursuant to the employee matters agreement as reimbursement for IAC common stock issued in connection with the exercise and settlement of certain Angi Inc. stock appreciation rights. There were no shares of Angi Inc. Class A common stock issued to IAC during the three and nine months ended September 30, 2020.

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Angi Inc., formerly ANGI Homeservices, Inc., (“Angi Inc.,” the “Company,” “we,” “our,” or “us”) connects quality home service professionals with consumers across 400 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 260,000 domestic service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended September 30, 2021. Additionally, consumers turned to at least one of our brands to find a professional for approximately 33 million projects during the twelve months ended September 30, 2021. The Company has two operating segments: (i) North America (United States and Canada), which includes Angi Ads and Leads and Angi Services; and (ii) Europe. The brands for North America operate as follows: Angi Ads operates under the Angi (formerly Angie’s List) brand, Angi Leads operates primarily under the HomeAdvisor, powered by Angi brand, and Angi Services operates primarily under the Handy brand. As used herein, “Angi Inc.,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At September 30, 2021, IAC/InterActiveCorp (“IAC”) owned 84.6% and 98.2% of the economic interest and voting interest, respectively, of the Company.
Basis of Presentation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). 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. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries are considered to be effectively settled for cash at the time the transaction is recorded. See “ Note 10—Related Party Transactions with IAC ” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020.
Basis of Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). 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. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries are considered to be effectively settled for cash at the time the transaction is recorded. See “ Note 10—Related Party Transactions with IAC ” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated 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 fair values of cash equivalents and marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses and the determination of revenue reserves; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets (“ROU assets”); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements, and equipment; the recoverability of goodwill and indefinite-lived intangible assets; 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.
General Revenue Recognition	General Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to the Company’s customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s disaggregated revenue disclosures are presented in “ Note 7—Segment Information .” Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company’s performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of its performance obligation is one year or less. At December 31, 2020, the current and non-current deferred revenue balances were $54.7 million and $0.2 million, respectively, and during the nine months ended September 30, 2021, the Company recognized $52.3 million of revenue that was included in the deferred revenue balance as of December 31, 2020. At December 31, 2019, the current and non-current deferred revenue balances were $58.2 million and $0.2 million, respectively, and during the nine months ended September 30, 2020, the Company recognized $55.7 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at September 30, 2021 are $60.0 million and $0.1 million, respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , 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 the Company has the right to invoice for services performed. Commissions Paid to Employees Pursuant to Sales Incentive Programs The Company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalized as the incremental costs to obtain a contract with a customer. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. Capitalized commissions paid to employees pursuant to these sales incentive programs are amortized over the estimated customer relationship period. The Company calculates the anticipated customer relationship period as the average customer life, which is based on historical data. For sales incentive programs where the anticipated customer relationship period is one year or less, the Company has elected the practical expedient to expense the commissions as incurred. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company uses a portfolio approach to assess the accounting treatment of the incremental costs to obtain a contract with a customer. The Company recognizes an asset for these costs if we expect to recover those costs. To the extent that these costs are capitalized, the resultant asset is amortized on a systematic basis consistent with the pattern of the transfer of the services to which the asset relates. The current contract assets are $40.3 million and $49.2 million at September 30, 2021 and December 31, 2020, respectively. The non-current assets are $1.2 million and $0.4 million at September 30, 2021 and December 31, 2020, respectively. The current and non-current capitalized costs to obtain a contract with a customer are included in “Other current assets” and “Other non-current assets” in the accompanying balance sheet.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncement Not Yet Adopted by the Company ASU 2021-08 – Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers In October 2021, the Financial Accounting Standards Board issued ASU No. 2021-08, which changes how entities will recognize assets acquired and liabilities assumed in a business combination, including contract assets and contract liabilities arising from revenue contracts with customers. The provisions of ASU No. 2021-08 will require acquiring entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASU No. 2014-09 (Topic 606), Revenue from Contracts with Customers, as if it had originated the contracts. The provisions of ASU No. 2021-08 are effective for fiscal years beginning after December 15, 2022, with early adoption permitted, including adoption in an interim period. The Company will early adopt ASU 2021-08 effective in the fourth quarter of 2021. An entity that early adopts in an interim period is required to apply the amendments (i) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early adoption and (ii) prospectively to all business combinations that occur on or after the date of initial application. Early adoption will have no material retrospective impact on the Company. The adoption of ASU 2021-08 may have a material impact on the purchase accounting for prospective business combinations.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Schedule of Available-for-sale Debt Securities	At December 31, 2020, current available-for-sale marketable debt securities were as follows: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 49,995 $ — $ — $ 49,995 Total available-for-sale marketable debt securities $ 49,995 $ — $ — $ 49,995
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: September 30, 2021 Quoted Market Prices for Identical Assets in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 314,040 $ — $ — $ 314,040 Total $ 314,040 $ — $ — $ 314,040 December 31, 2020 Quoted Market Prices for Identical Assets in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 374,014 $ — $ — $ 374,014 Treasury discount notes — 324,995 — 324,995 Time deposits — 2,721 — 2,721 Marketable debt securities: Treasury discount notes — 49,995 — 49,995 Total $ 374,014 $ 377,711 $ — $ 751,725
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: September 30, 2021 December 31, 2020 Carrying Value Fair Value Carrying Value Fair Value (In thousands) Long-term debt, net (a) $ (494,373) $ (495,625) $ (712,277) $ (725,700) ________________________ (a) At September 30, 2021 and December 31, 2020, the carrying value of long-term debt, net includes unamortized debt issuance costs of $5.6 million and $7.7 million, respectively .

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: September 30, 2021 December 31, 2020 (In thousands) 3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021 $ 500,000 $ 500,000 ANGI Group Term Loan due November 5, 2023 (“ANGI Group Term Loan”) — 220,000 Total long-term debt 500,000 720,000 Less: unamortized debt issuance costs 5,627 7,723 Total long-term debt, net $ 494,373 $ 712,277

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables present the components of accumulated other comprehensive income (loss): Three Months Ended September 30, 2021 2020 Foreign Accumulated Other Comprehensive Income Foreign Accumulated Other Comprehensive Loss (In thousands) Balance at July 1 $ 5,973 $ 5,973 $ (2,740) $ (2,740) Other comprehensive (loss) income (1,040) (1,040) 1,755 1,755 Balance at September 30 $ 4,933 $ 4,933 $ (985) $ (985) Nine Months Ended September 30, 2021 2020 Foreign Accumulated Other Comprehensive Income Foreign Accumulated Other Comprehensive Loss (In thousands) Balance at January 1 $ 4,637 $ 4,637 $ (1,379) $ (1,379) Other comprehensive income 296 296 394 394 Balance at September 30 $ 4,933 $ 4,933 $ (985) $ (985)

(LOSS) EARNINGS PER SHARE (Tabl

(LOSS) EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted (Loss) Earnings per Share	The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Three Months Ended September 30, 2021 2020 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net (loss) earnings $ (16,693) $ (16,693) $ 5,203 $ 5,203 Net earnings attributable to noncontrolling interests (302) (302) (731) (731) Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (16,995) $ (16,995) $ 4,472 $ 4,472 Denominator: Weighted average basic Class A and Class B common stock shares outstanding 503,416 503,416 497,501 497,501 Dilutive securities (a) (b) (c) — — — 17,218 Denominator for (loss) earnings per share—weighted average shares 503,416 503,416 497,501 514,719 (Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: (Loss) earnings per share $ (0.03) $ (0.03) $ 0.01 $ 0.01 Nine Months Ended September 30, 2021 2020 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net (loss) earnings $ (44,731) $ (44,731) $ 9,230 $ 9,230 Net earnings attributable to noncontrolling interests (626) (626) (1,049) (1,049) Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (45,357) $ (45,357) $ 8,181 $ 8,181 Denominator: Weighted average basic Class A and Class B common stock shares outstanding 502,859 502,859 497,574 497,574 Dilutive securities (a) (b) (c) — — — 13,901 Denominator for (loss) earnings per share—weighted average shares 502,859 502,859 497,574 511,475 (Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: (Loss) Earnings per share $ (0.09) $ (0.09) $ 0.02 $ 0.02 ________________________ (a) For the three and nine months ended September 30, 2021, the Company had a loss from operations and as a result, approximately 21.2 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and nine months ended September 30, 2020, 1.4 million and 5.4 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. (c) Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and nine months ended September 30, 2020, 1.2 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segmented Revenue Disaggregated by Service	The following table presents revenue by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Revenue: North America $ 443,531 $ 372,226 $ 1,204,517 $ 1,053,775 Europe 18,034 17,687 65,065 54,849 Total $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624 The following table presents the revenue of the Company’s segments disaggregated by type of service: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) North America Angi Ads and Leads: Consumer connection revenue (a) $ 238,421 $ 244,184 $ 699,867 $ 694,804 Advertising revenue (b) 63,953 56,217 187,308 166,732 Membership subscription revenue (c) 17,079 17,760 51,026 56,810 Other revenue 6,703 8,922 21,412 25,144 Total Angi Ads and Leads revenue 326,156 327,083 959,613 943,490 Angi Services revenue (d) 117,375 45,143 244,904 110,285 Total North America revenue 443,531 372,226 1,204,517 1,053,775 Europe Consumer connection revenue (e) 14,530 14,006 54,226 43,640 Service professional membership subscription revenue 3,215 3,278 9,874 9,792 Advertising and other revenue 289 403 965 1,417 Total Europe revenue 18,034 17,687 65,065 54,849 Total revenue $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624 ________________________ (a) Includes fees paid by service professionals for consumer matches through the Angi Ads and Leads platforms. (b) Includes revenue from service professionals under contract for advertising. (c) Includes membership subscription revenue from service professionals and consumers. (d) Includes revenue from pre-priced offerings and revenue from Angi Roofing (e) Includes fees paid by service professionals for consumer matches.
Schedule of Revenue from External Customers by Geographic Areas	Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below. Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Revenue United States $ 437,872 $ 368,082 $ 1,188,854 $ 1,041,903 All other countries 23,693 21,831 80,728 66,721 Total $ 461,565 $ 389,913 $ 1,269,582 $ 1,108,624
Schedule of Revenue and Long-lived Assets by Geographic Areas	September 30, 2021 December 31, 2020 (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 108,496 $ 97,841 All other countries 8,329 11,001 Total $ 116,825 $ 108,842
Schedule of Segment Reporting Information	The following tables present operating (loss) income and Adjusted EBITDA by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Operating (loss) income: North America $ (14,719) $ 295 $ (37,269) $ 8,377 Europe (254) (3,314) (10,326) (10,048) Total $ (14,973) $ (3,019) $ (47,595) $ (1,671) Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Adjusted EBITDA (f) : North America $ 11,213 $ 40,454 $ 37,076 $ 136,886 Europe $ 1,182 $ (1,967) $ (5,937) $ (6,066) ________________________ (f) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating (loss) 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 the Company’s performance and that of its competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.
Schedule of Reconciliation of Operating Income to Adjusted EBITDA	The following tables reconcile operating (loss) income for the Company’s reportable segments and net (loss) earnings attributable to Angi Inc. shareholders to Adjusted EBITDA: Three Months Ended September 30, 2021 Operating Loss Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ (14,719) $ 8,727 $ 13,351 $ 3,854 $ 11,213 Europe (254) $ 86 $ 1,350 $ — $ 1,182 Operating loss (14,973) Interest expense (6,032) Other expense, net (479) Loss before income taxes (21,484) Income tax benefit 4,791 Net loss (16,693) Net earnings attributable to noncontrolling interests (302) Net loss attributable to Angi Inc. shareholders $ (16,995) Three Months Ended September 30, 2020 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ 295 $ 14,599 $ 12,767 $ 12,793 $ 40,454 Europe (3,314) $ 98 $ 1,154 $ 95 $ (1,967) Operating loss (3,019) Interest expense (3,699) Other income, net 223 Loss before income taxes (6,495) Income tax benefit 11,698 Net earnings 5,203 Net earnings attributable to noncontrolling interests (731) Net earnings attributable to Angi Inc. shareholders $ 4,472 Nine Months Ended September 30, 2021 Operating Loss Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ (37,269) $ 20,118 $ 41,611 $ 12,616 $ 37,076 Europe (10,326) $ 272 $ 4,117 $ — $ (5,937) Operating loss (47,595) Interest expense (18,463) Other expense, net (1,882) Loss before income taxes (67,940) Income tax benefit 23,209 Net loss (44,731) Net earnings attributable to noncontrolling interests (626) Net loss attributable to Angi Inc. shareholders $ (45,357) Nine Months Ended September 30, 2020 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted (In thousands) North America $ 8,377 $ 54,406 $ 35,531 $ 38,572 $ 136,886 Europe (10,048) $ 625 $ 3,083 $ 274 $ (6,066) Operating loss (1,671) Interest expense (7,593) Other income, net 856 Loss before income taxes (8,408) Income tax benefit 17,638 Net earnings 9,230 Net earnings attributable to noncontrolling interests (1,049) Net earnings attributable to Angi Inc. shareholders $ 8,181

CONSOLIDATED FINANCIAL STATEM_2

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying balance sheet to the total amounts shown in the accompanying statement of cash flows: September 30, 2021 December 31, 2020 September 30, 2020 December 31, 2019 (In thousands) Cash and cash equivalents $ 476,625 $ 812,705 $ 855,044 $ 390,565 Restricted cash included in other current assets 272 407 392 504 Restricted cash included in other non-current assets 1,216 449 429 409 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 478,113 $ 813,561 $ 855,865 $ 391,478
Schedule of Restricted Cash	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying balance sheet to the total amounts shown in the accompanying statement of cash flows: September 30, 2021 December 31, 2020 September 30, 2020 December 31, 2019 (In thousands) Cash and cash equivalents $ 476,625 $ 812,705 $ 855,044 $ 390,565 Restricted cash included in other current assets 272 407 392 504 Restricted cash included in other non-current assets 1,216 449 429 409 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 478,113 $ 813,561 $ 855,865 $ 391,478
Schedule of Allowance for Credit Loss	The following table presents the changes in the credit loss reserve for the nine months ended September 30, 2021 and 2020: 2021 2020 (In thousands) Balance at January 1 $ 26,046 $ 19,066 Current period provision for credit losses 66,081 60,090 Write-offs charged against the credit loss reserve (56,102) (53,208) Recoveries collected 1,896 1,883 Balance at September 30 $ 37,921 $ 27,831
Schedule of Accumulated Amortization and Depreciation	The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category September 30, 2021 December 31, 2020 (In thousands) Right-of-use assets (included in “other non-current assets”) $ 55,284 $ 40,800 Capitalized software, leasehold improvements, and equipment $ 96,956 $ 95,438 Intangible assets $ 155,820 $ 162,627
Schedule of Other (Expense) Income, Net	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (In thousands) Interest income $ 31 $ 129 $ 178 $ 1,561 Gain (loss) on the sale of a business (a) 18 — 31 (454) Foreign exchange (losses) gains (515) 88 (968) (256) Loss on extinguishment of debt (b) — — (1,110) — Other (13) 6 (13) 5 Other (expense) income, net $ (479) $ 223 $ (1,882) $ 856 ________________________ (a) Loss from acquisition/sale of a business for the nine months ended September 30, 2020 includes a $0.2 million mark-to-market charge for an indemnification charge related to the Handy acquisition that was settled in Angi Inc. shares during the first quarter of 2020 and a $0.3 million charge related to the final earn-out settlement related to the sale of Felix. (b)

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)professionalsegmentcategoryproject	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Noncontrolling Interest [Line Items]
Number of service categories | category	400
Number of domestic service professionals (over) | professional	260,000
Number of projects | project	33,000,000
Number of operating segments | segment	2
Current deferred revenue	$ 60,025		$ 54,654	$ 58,200
Noncurrent deferred revenue	100		200	$ 200
Deferred revenue recognized during period	52,300	$ 55,700
Current capitalized sales commissions	40,300		49,200
Noncurrent capitalized sales commissions	$ 1,200		$ 400
Angi | Class B Common Stock | IAC
Noncontrolling Interest [Line Items]
Economic interest (as a percent)	84.60%
Voting interest (as a percent)	98.20%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax benefit (provision), due to higher estimated effective tax rate	$ 600
Income tax benefit	$ 4,791	$ 11,698	$ 23,209	$ 17,638
Effective income tax rate (as a percent)	22.00%		34.00%
Unrecognized tax benefits, including interest	$ 5,800		$ 5,800		$ 5,300
Unrecognized tax benefits that if subsequently recognized would reduce income tax expense	5,600		5,600		$ 5,100
Gross deferred tax asset	203,600		203,600
Portion of deferred tax assets that will be utilized upon future reversal of deferred tax liabilities	54,400		54,400
Portion of deferred tax assets that will be utilized based on forecasts of future taxable income	149,200		149,200
Deferred tax assets, U.S. federal operating loss carryforwards	$ 89,500		89,500
Future taxable income			$ 426,200

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Marketable debt securities	$ 0	$ 49,995,000
Impairment charges on ROU assets	$ 9,600,000

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Marketable Securities (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 49,995,000
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value	$ 0	49,995,000
Treasury discount notes
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		49,995,000
Gross Unrealized Gains		0
Gross Unrealized Losses		0
Fair Value		$ 49,995,000

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Assets:
Marketable debt securities	$ 0	$ 49,995,000
Total	314,040,000	751,725,000
Treasury discount notes
Assets:
Marketable debt securities		49,995,000
Money market funds
Assets:
Cash equivalents	314,040,000	374,014,000
Treasury discount notes
Assets:
Cash equivalents		324,995,000
Time deposits
Assets:
Cash equivalents		2,721,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	314,040,000	374,014,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1) | Treasury discount notes
Assets:
Marketable debt securities		0
Quoted Market Prices for Identical Assets in Active Markets (Level 1) | Money market funds
Assets:
Cash equivalents	314,040,000	374,014,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1) | Treasury discount notes
Assets:
Cash equivalents		0
Quoted Market Prices for Identical Assets in Active Markets (Level 1) | Time deposits
Assets:
Cash equivalents		0
Significant Other Observable Inputs (Level 2)
Assets:
Total	0	377,711,000
Significant Other Observable Inputs (Level 2) | Treasury discount notes
Assets:
Marketable debt securities		49,995,000
Significant Other Observable Inputs (Level 2) | Money market funds
Assets:
Cash equivalents	0	0
Significant Other Observable Inputs (Level 2) | Treasury discount notes
Assets:
Cash equivalents		324,995,000
Significant Other Observable Inputs (Level 2) | Time deposits
Assets:
Cash equivalents		2,721,000
Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Significant Unobservable Inputs (Level 3) | Treasury discount notes
Assets:
Marketable debt securities		0
Significant Unobservable Inputs (Level 3) | Money market funds
Assets:
Cash equivalents	$ 0	0
Significant Unobservable Inputs (Level 3) | Treasury discount notes
Assets:
Cash equivalents		0
Significant Unobservable Inputs (Level 3) | Time deposits
Assets:
Cash equivalents		$ 0

FINANCIAL INSTRUMENTS AND FAI_6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Carrying Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	$ (494,373)	$ (712,277)
Unamortized debt issuance costs	5,600	7,700
Fair Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	$ (495,625)	$ (725,700)

LONG-TERM DEBT - Summary (Detai

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument
Total long-term debt	$ 500,000	$ 720,000
Less: unamortized debt issuance costs	5,627	7,723
Total long-term debt, net	494,373	712,277
3.875% Senior Notes | Senior Notes
Debt Instrument
Total long-term debt	$ 500,000	500,000
Interest rate, stated percentage	3.875%
Term Loan | Term Loan
Debt Instrument
Total long-term debt	$ 0	$ 220,000

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Sep. 30, 2021USD ($)
Debt Instrument
Outstanding balance under ANGI Group Term Loan	$ 720,000	$ 500,000
3.875% Senior Notes | Senior Notes
Debt Instrument
Leverage ratio, maximum		3.75
Outstanding balance under ANGI Group Term Loan	500,000	$ 500,000
Credit Facility | Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity of credit facility		250,000
Term Loan | Term Loan
Debt Instrument
Outstanding balance under ANGI Group Term Loan	$ 220,000	$ 0
Basis spread on variable rate (as a percent)	2.16%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period			$ 1,272,290,000
Balance at end of period	$ 1,157,911,000		1,157,911,000
Income tax provision (benefit)	(4,791,000)	$ (11,698,000)	(23,209,000)	$ (17,638,000)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	5,973,000	(2,740,000)	4,637,000	(1,379,000)
Other comprehensive income	(1,040,000)	1,755,000	296,000	394,000
Balance at end of period	4,933,000	(985,000)	4,933,000	(985,000)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	5,973,000	(2,740,000)	4,637,000	(1,379,000)
Other comprehensive income	(1,040,000)	1,755,000	296,000	394,000
Balance at end of period	$ 4,933,000	$ (985,000)	4,933,000	(985,000)
Income tax provision (benefit)			$ 0	$ 0

(LOSS) EARNINGS PER SHARE - Sum

(LOSS) EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net (loss) earnings	$ (16,693)	$ 5,203	$ (44,731)	$ 9,230
Net earnings attributable to noncontrolling interests	(302)	(731)	(626)	(1,049)
Net (loss) earnings attributable to Angi Inc. shareholders	$ (16,995)	$ 4,472	$ (45,357)	$ 8,181
Weighted average basic Class A and Class B common stock shares outstanding, basic (shares)	503,416	497,501	502,859	497,574
Dilutive securities (shares)	0	17,218	0	13,901
Denominator for (loss) earnings per share - weighted average shares, diluted (shares)	503,416	514,719	502,859	511,475
(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Basic (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ (0.09)	$ 0.02
Diluted (loss) earnings per share (USD per share)	$ (0.03)	$ 0.01	$ (0.09)	$ 0.02
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	21,200		21,200
Stock Options and Subsidiary Denominated Equity and Vesting of Restricted Common Stock, Restricted Stock Units (RSU's)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	1,400		5,400
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)		1,200		1,200

SEGMENT INFORMATION - Segmented

SEGMENT INFORMATION - Segmented Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenue	$ 461,565	$ 389,913	$ 1,269,582	$ 1,108,624
North America
Segment Reporting Information [Line Items]
Revenue	443,531	372,226	1,204,517	1,053,775
North America | Total Angi Ads and Leads revenue
Segment Reporting Information [Line Items]
Revenue	326,156	327,083	959,613	943,490
North America | Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue	238,421	244,184	699,867	694,804
North America | Advertising revenue
Segment Reporting Information [Line Items]
Revenue	63,953	56,217	187,308	166,732
North America | Membership subscription revenue
Segment Reporting Information [Line Items]
Revenue	17,079	17,760	51,026	56,810
North America | Other revenue
Segment Reporting Information [Line Items]
Revenue	6,703	8,922	21,412	25,144
North America | Angi Services revenue
Segment Reporting Information [Line Items]
Revenue	117,375	45,143	244,904	110,285
Europe
Segment Reporting Information [Line Items]
Revenue	18,034	17,687	65,065	54,849
Europe | Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue	14,530	14,006	54,226	43,640
Europe | Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue	3,215	3,278	9,874	9,792
Europe | Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue	$ 289	$ 403	$ 965	$ 1,417

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Revenue and Long-lived Assets by Geography
Revenue	$ 461,565	$ 389,913	$ 1,269,582	$ 1,108,624
Long-lived assets (excluding goodwill and intangible assets):	116,825		116,825		$ 108,842
United States
Revenue and Long-lived Assets by Geography
Revenue	437,872	368,082	1,188,854	1,041,903
Long-lived assets (excluding goodwill and intangible assets):	108,496		108,496		97,841
All other countries
Revenue and Long-lived Assets by Geography
Revenue	23,693	$ 21,831	80,728	$ 66,721
Long-lived assets (excluding goodwill and intangible assets):	$ 8,329		$ 8,329		$ 11,001

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Operating income (loss)	$ (14,973)	$ (3,019)	$ (47,595)	$ (1,671)
North America
Segment Reporting Information [Line Items]
Operating income (loss)	(14,719)	295	(37,269)	8,377
Adjusted EBITDA	11,213	40,454	37,076	136,886
Europe
Segment Reporting Information [Line Items]
Operating income (loss)	(254)	(3,314)	(10,326)	(10,048)
Adjusted EBITDA	$ 1,182	$ (1,967)	$ (5,937)	$ (6,066)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	$ (14,973)	$ (3,019)	$ (47,595)	$ (1,671)
Stock-Based Compensation Expense	8,813	14,697	20,390	55,031
Amortization of Intangibles	3,854	12,888	12,616	38,846
Interest expense	(6,032)	(3,699)	(18,463)	(7,593)
Other (expense) income, net	(479)	223	(1,882)	856
Loss before income taxes	(21,484)	(6,495)	(67,940)	(8,408)
Income tax benefit	4,791	11,698	23,209	17,638
Net (loss) earnings	(16,693)	5,203	(44,731)	9,230
Net earnings attributable to noncontrolling interests	(302)	(731)	(626)	(1,049)
Net (loss) earnings attributable to Angi Inc. shareholders	(16,995)	4,472	(45,357)	8,181
North America
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(14,719)	295	(37,269)	8,377
Stock-Based Compensation Expense	8,727	14,599	20,118	54,406
Depreciation	13,351	12,767	41,611	35,531
Amortization of Intangibles	3,854	12,793	12,616	38,572
Adjusted EBITDA	11,213	40,454	37,076	136,886
Europe
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(254)	(3,314)	(10,326)	(10,048)
Stock-Based Compensation Expense	86	98	272	625
Depreciation	1,350	1,154	4,117	3,083
Amortization of Intangibles	0	95	0	274
Adjusted EBITDA	$ 1,182	$ (1,967)	$ (5,937)	$ (6,066)

CONSOLIDATED FINANCIAL STATEM_3

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 476,625	$ 812,705	$ 855,044	$ 390,565
Restricted cash included in other current assets	272	407	392	504
Restricted cash included in other non-current assets	1,216	449	429	409
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$ 478,113	$ 813,561	$ 855,865	$ 391,478

CONSOLIDATED FINANCIAL STATEM_4

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 26,046	$ 19,066
Current period provision for credit losses	66,081	60,090
Write-offs charged against the credit loss reserve	(56,102)	(53,208)
Recoveries collected	1,896	1,883
Balance at September 30	37,921	27,831
Revenue reserve	2,400	2,000
Allowance and reserves	$ 40,276	$ 29,800	$ 27,839

CONSOLIDATED FINANCIAL STATEM_5

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Depreciation, Depletion and Amortization [Abstract]
Right-of-use assets (included in “other non-current assets”)	$ 55,284	$ 40,800
Capitalized software, leasehold improvements, and equipment	96,956	95,438
Intangible assets	$ 155,820	$ 162,627

CONSOLIDATED FINANCIAL STATEM_6

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other (expense) income, Net (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 31	$ 129		$ 178	$ 1,561
Loss on the sale of a business	18	0		31	(454)
Foreign exchange (losses) gains	(515)	88		(968)	(256)
Loss on extinguishment of debt	0	0		(1,110)	0
Other	(13)	6		(13)	5
Other (expense) income, net	$ (479)	$ 223		$ (1,882)	856
Mark-to-market loss on an indemnification claim related to Handy acquisition					$ 200
Charge related to final earn-out settlement related to sale of Felix			$ 300

CONTINGENCIES - Narrative (Deta

CONTINGENCIES - Narrative (Details)	Sep. 30, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss contingency reserve	$ 0

RELATED PARTY TRANSACTIONS WI_2

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - IAC - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Services Agreement
Related Party Transaction [Line Items]
Charges for services rendered pursuant to the services agreement	$ 900,000	$ 1,300,000	$ 3,200,000	$ 3,600,000
Outstanding payables due	0		0		$ 0
Outstanding receivable due	0		0		0
Sublease Agreement
Related Party Transaction [Line Items]
Outstanding payables due	0		0
Outstanding receivable due	0		0		100,000
Revenue from related parties	400,000	500,000	1,200,000	$ 1,400,000
Expenses from related party transactions	300,000		300,000
Tax Sharing Agreement
Related Party Transaction [Line Items]
Outstanding payables due	1,700,000		1,700,000		$ 900,000
Distribution to IAC pursuant to the tax sharing agreement	$ 0	$ 3,100,000	$ 0
Employee Matters Agreement | Class B Common Stock
Related Party Transaction [Line Items]
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)	100,000	100,000	200,000	300,000
Employee Matters Agreement | Class A Common Stock
Related Party Transaction [Line Items]
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)	100,000	0	2,600,000	0