Angi (ANGI) 10-Q7 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2023	Nov. 03, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Current Fiscal Year End Date	--12-31
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
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		85,136,000
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		422,019,247

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 366,825	$ 321,155
Accounts receivable, net	77,269	93,880
Other current assets	71,702	69,167
Total current assets	515,796	484,202
Capitalized software, leasehold improvements and equipment, net	121,244	153,855
Goodwill	883,468	882,949
Intangible assets, net	170,263	178,105
Deferred income taxes	158,495	145,460
Other non-current assets, net	56,493	63,207
TOTAL ASSETS	1,905,759	1,907,778
LIABILITIES:
Accounts payable	52,790	30,862
Deferred revenue	55,162	50,907
Accrued expenses and other current liabilities	195,765	200,015
Total current liabilities	303,717	281,784
Long-term debt, net	495,853	495,284
Deferred income taxes	2,923	2,906
Other long-term liabilities	57,989	76,426
Commitments and contingencies
SHAREHOLDERS’ EQUITY:
Additional paid-in capital	1,437,141	1,405,294
Accumulated deficit	(225,459)	(190,079)
Accumulated other comprehensive loss	(937)	(1,172)
Treasury stock, 21,266 and 20,211 shares, respectively	(169,581)	(166,184)
Total Angi Inc. shareholders’ equity	1,041,692	1,048,384
Noncontrolling interests	3,585	2,994
Total shareholders’ equity	1,045,277	1,051,378
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,905,759	1,907,778
Class A Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	106	103
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) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Treasury stock (in shares)	21,266,000	20,211,000
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	2,000,000,000	2,000,000,000
Common stock issued (in shares)	106,026,000	102,811,000
Common stock outstanding (in shares)	84,760,000	82,600,000
Class B Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	1,500,000,000	1,500,000,000
Common stock issued (in shares)	422,019,000	422,019,000
Common stock outstanding (in shares)	422,019,000	422,019,000
Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (in shares)	1,500,000,000	1,500,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue	$ 371,837	$ 498,036	$ 1,139,312	$ 1,449,977
Cost of revenue (exclusive of depreciation shown separately below)	28,737	109,057	102,440	335,826
Gross profit	343,100	388,979	1,036,872	1,114,151
Operating costs and expenses:
Selling and marketing expense	204,006	234,397	621,628	711,357
General and administrative expense	102,476	128,260	301,979	357,541
Product development expense	21,497	15,816	72,358	54,629
Depreciation	22,596	17,759	70,210	45,112
Amortization of intangibles	2,633	3,805	7,958	11,413
Total operating costs and expenses	353,208	400,037	1,074,133	1,180,052
Operating loss	(10,108)	(11,058)	(37,261)	(65,901)
Interest expense	(5,037)	(5,030)	(15,100)	(15,078)
Other income (expense),net	3,891	(2,296)	12,890	(4,437)
Loss before income taxes	(11,254)	(18,384)	(39,471)	(85,416)
Income tax benefit	5,967	945	4,705	10,693
Net loss	(5,287)	(17,439)	(34,766)	(74,723)
Net earnings attributable to noncontrolling interests	(69)	(40)	(614)	(379)
Net loss attributable to Angi Inc. shareholders	$ (5,356)	$ (17,479)	$ (35,380)	$ (75,102)
Per share information attributable to Angi Inc. shareholders:
Basic loss per share (USD per share)	$ (0.01)	$ (0.03)	$ (0.07)	$ (0.15)
Diluted loss per share (USD per share)	$ (0.01)	$ (0.03)	$ (0.07)	$ (0.15)
Stock-based compensation expense by function:
Total stock-based compensation expense	$ 10,741	$ 12,376	$ 33,748	$ 38,778
Selling and marketing expense
Stock-based compensation expense by function:
Total stock-based compensation expense	1,822	1,544	4,586	4,674
General and administrative expense
Stock-based compensation expense by function:
Total stock-based compensation expense	6,906	8,755	22,040	27,052
Product development expense
Stock-based compensation expense by function:
Total stock-based compensation expense	$ 2,013	$ 2,077	$ 7,122	$ 7,052

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (5,287)	$ (17,439)	$ (34,766)	$ (74,723)
Other comprehensive (loss) income:
Change in foreign currency translation adjustment	(2,182)	(5,129)	236	(9,100)
Total other comprehensive (loss) income	(2,182)	(5,129)	236	(9,100)
Comprehensive loss	(7,469)	(22,568)	(34,530)	(83,823)
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net earnings attributable to noncontrolling interests	(69)	(40)	(614)	(379)
Change in foreign currency translation adjustment attributable to noncontrolling interests	123	310	(1)	579
Comprehensive loss (income) attributable to noncontrolling interests	54	270	(615)	200
Comprehensive loss attributable to Angi Inc. shareholders	$ (7,415)	$ (22,298)	$ (35,145)	$ (83,623)

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Total Angi Inc. Shareholders' Equity	Common Stock Class A Common Stock $0.001 Par Value	Common Stock Class B Convertible Common Stock $0.001 Par Value	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2021	$ 1,145,527	$ 1,134,619	$ 100	$ 422	$ 1,350,457	$ (61,629)	$ 3,309	$ (158,040)	$ 10,908
Balance at beginning of period (in shares) at Dec. 31, 2021			99,745	422,019
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(74,723)	(75,102)				(75,102)			379
Other comprehensive income (loss)	(9,100)	(8,521)					(8,521)		(579)
Stock-based compensation expense	40,971	40,971			40,971
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(6,043)	(6,043)	$ 2		(6,045)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			2,005
Purchase of treasury stock	(8,144)	(8,144)						(8,144)
Adjustment to noncontrolling interests resulting from the reorganization of a foreign subsidiary	0	7,835			7,835				(7,835)
Other	(5)	(4)			(4)				(1)
Balance at end of period at Sep. 30, 2022	1,088,483	1,085,611	$ 102	$ 422	1,393,214	(136,731)	(5,212)	(166,184)	2,872
Balance at end of period (in shares) at Sep. 30, 2022			101,750	422,019
Balance at beginning of period at Jun. 30, 2022	1,099,872	1,088,895	$ 101	$ 422	1,374,200	(119,251)	(393)	(166,184)	10,977
Balance at beginning of period (in shares) at Jun. 30, 2022			100,897	422,019
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(17,439)	(17,479)				(17,479)			40
Other comprehensive income (loss)	(5,129)	(4,819)					(4,819)		(310)
Stock-based compensation expense	13,304	13,304			13,304
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(2,120)	(2,120)	$ 1		(2,121)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			853
Adjustment to noncontrolling interests resulting from the reorganization of a foreign subsidiary	0	7,835			7,835				(7,835)
Other	(5)	(5)			(4)	(1)			0
Balance at end of period at Sep. 30, 2022	1,088,483	1,085,611	$ 102	$ 422	1,393,214	(136,731)	(5,212)	(166,184)	2,872
Balance at end of period (in shares) at Sep. 30, 2022			101,750	422,019
Balance at beginning of period at Dec. 31, 2022	1,051,378	1,048,384	$ 103	$ 422	1,405,294	(190,079)	(1,172)	(166,184)	2,994
Balance at beginning of period (in shares) at Dec. 31, 2022			102,811	422,019
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(34,766)	(35,380)				(35,380)			614
Other comprehensive income (loss)	236	235					235		1
Stock-based compensation expense	37,242	37,242			37,242
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(5,355)	(5,355)	$ 3		(5,358)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			3,215
Purchase of treasury stock	(3,397)	(3,397)						(3,397)
Other	(61)	(37)			(37)				(24)
Balance at end of period at Sep. 30, 2023	1,045,277	1,041,692	$ 106	$ 422	1,437,141	(225,459)	(937)	(169,581)	3,585
Balance at end of period (in shares) at Sep. 30, 2023			106,026	422,019
Balance at beginning of period at Jun. 30, 2023	1,041,884	1,038,245	$ 105	$ 422	1,426,280	(220,103)	1,122	(169,581)	3,639
Balance at beginning of period (in shares) at Jun. 30, 2023			105,273	422,019
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(5,287)	(5,356)				(5,356)			69
Other comprehensive income (loss)	(2,182)	(2,059)					(2,059)		(123)
Stock-based compensation expense	12,104	12,104			12,104
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(1,242)	(1,242)	$ 1		(1,243)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)			753
Balance at end of period at Sep. 30, 2023	$ 1,045,277	$ 1,041,692	$ 106	$ 422	$ 1,437,141	$ (225,459)	$ (937)	$ (169,581)	$ 3,585
Balance at end of period (in shares) at Sep. 30, 2023			106,026	422,019

CONSOLIDATED STATEMENT OF SHA_2

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Sep. 30, 2023	Sep. 30, 2022
Class A Common Stock $0.001 Par Value
Common stock, par value (USD per share)	$ 0.001
Class A Common Stock $0.001 Par Value \| Common Stock
Common stock, par value (USD per share)	0.001	$ 0.001
Class B Convertible Common Stock $0.001 Par Value
Common stock, par value (USD per share)	0.001
Class B Convertible Common Stock $0.001 Par Value \| Common Stock
Common stock, par value (USD per share)	0.001	0.001
Class C Common Stock $0.001 Par Value
Common stock, par value (USD per share)	0.001
Class C Common Stock $0.001 Par Value \| 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, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (34,766)	$ (74,723)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	70,210	45,112
Provision for credit losses	67,288	82,216
Stock-based compensation expense	33,748	38,778
Non-cash lease expense (including impairment of right-of-use assets)	9,571	11,535
Amortization of Intangibles	7,958	11,413
Deferred income taxes	(13,015)	(13,950)
Foreign currency transaction (gain) loss	(510)	6,520
Other adjustments, net	(100)	(192)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	(50,669)	(102,411)
Other assets	(6,068)	(10,014)
Accounts payable and other liabilities	13,450	26,692
Operating lease liabilities	(17,375)	(13,229)
Income taxes payable and receivable	4,856	2,014
Deferred revenue	4,220	1,597
Net cash provided by operating activities	88,798	11,358
Cash flows from investing activities:
Capital expenditures	(36,105)	(95,521)
Purchases of marketable debt securities	(12,362)	0
Proceeds from maturities of marketable debt securities	12,500	0
Proceeds from sales of fixed assets	336	224
Net cash used in investing activities	(35,631)	(95,297)
Cash flows from financing activities:
Purchases of treasury stock	(3,397)	(8,144)
Withholding taxes paid on behalf of employees on net settled stock-based awards	(4,780)	(5,587)
Other, net	(57)	0
Net cash used in financing activities	(8,234)	(13,731)
Total cash provided (used)	44,933	(97,670)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	127	(2,079)
Net increase (decrease) in cash and cash equivalents and restricted cash	45,060	(99,749)
Cash and cash equivalents and restricted cash at beginning of period	322,136	429,485
Cash and cash equivalents and restricted cash at end of period	$ 367,196	$ 329,736

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2023
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. connects quality home service professionals with consumers across more than 500 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 202,000 transacting service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended September 30, 2023. Additionally, consumers turned to at least one of our brands to find a service professional for approximately 25 million projects during the twelve months ended September 30, 2023. The Company has four operating segments: (i) Ads and Leads; (ii) Services; (iii) Roofing; and (iv) International (consisting of businesses in Europe and Canada) and operates under multiple brands including Angi, HomeAdvisor, Handy, Total Home Roofing, and Angi Roofing. Ads and Leads provides service professionals the capability to engage with potential customers, including quote and invoicing services, and provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals nationwide for home repair, maintenance and improvement projects. Services consumers can request household services directly through the Angi platform and Angi fulfills the request through the use of independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. The matching and pre-priced booking services and related tools and directories are provided to consumers free of charge. Roofing provides roof replacement and repair services through its wholly-owned subsidiary Angi Roofing, LLC. As used herein, “Angi,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At September 30, 2023, IAC Inc. (“IAC”) owned 83.8% and 98.1% of the economic and voting interests, respectively, of the Company. Basis of Presentation and Consolidation The Company prepares its consolidated financial statements (referred to herein as “financial statements”) in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The 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. See “ Note 10—Related Party Transactions with IAC ” for information on transactions between Angi 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 on an as if standalone, separate 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 or benefit 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. In management's opinion, the unaudited interim financial statements have been prepared on the same basis as the annual financial statements and reflect all normal recurring adjustments necessary for the fair presentation of the Company's consolidated financial position, consolidated results of operations and consolidated cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022. Segment Changes In the fourth quarter of 2022, the Company’s segment presentation was changed and our financial information for all prior periods, including the three and nine months ended September 30, 2022, has been recast to reflect the following operating segments: Ads and Leads, Services, Roofing, and International. Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its 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 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; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability 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 liability for potential refunds and customer credits; 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 The Company accounts for a contract with a customer when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised 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. From January 1, 2020 through December 31, 2022, Services recorded revenue on a gross basis. Effective January 1, 2023, we modified the Services terms and conditions so that the service professional, rather than Angi Inc., has the contractual relationship with the consumer to deliver the service and our performance obligation to the consumer is to connect them with the service professional. This change in contractual terms requires revenue be reported as the net amount of what is received from the consumer after deducting the amounts owed to the service professional providing the service effective for all arrangements entered into after December 31, 2022. There is no impact to operating loss or Adjusted EBITDA from this change in revenue recognition. For the three and nine months ended September 30, 2022, if Services revenue were recorded on a net basis, revenue would have been reduced by $64.8 million and $187.5 million, respectively. The Company’s disaggregated revenue disclosures are presented in “ Note 5—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 or expected completion of its performance obligation is one year or less. At December 31, 2022, the current and non-current deferred revenue balances were $50.9 million and $0.1 million, respectively, and during the nine months ended September 30, 2023, the Company recognized $47.0 million of revenue that was included in the deferred revenue balance as of December 31, 2022. At December 31, 2021, the current and non-current deferred revenue balances were $53.8 million and $0.1 million, respectively, and during the nine months ended September 30, 2022, the Company recognized $51.9 million of revenue that was included in the deferred revenue balance as of December 31, 2021. The current and non-current deferred revenue balances at September 30, 2023 are $55.2 million and less than $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 For contracts that have an original duration of one year or less, the Company uses the practical expedient available under Accounting Standards Codification (“ASC”) ASC 606, applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, 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. 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 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. Recent Accounting Pronouncements There are no recently issued accounting pronouncements adopted or that have not yet been adopted by the Company that are expected to have a material effect on the results of operations, financial condition, or cash flows of the Company. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	9 Months Ended
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Fair Value Measurements Instruments measured at fair value on a recurring basis Cash and cash equivalents are measured at fair value and classified within Level 1 and Level 2 in the fair value hierarchy, because we use quoted prices for identical assets in active markets. The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: September 30, 2023 Quoted Market Prices for Identical Assets in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 196,679 $ — $ — $ 196,679 Treasury discount notes — 99,522 — 99,522 Total $ 196,679 $ 99,522 $ — $ 296,201 December 31, 2022 Quoted Market Prices for Identical Assets in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 189,000 $ — $ — $ 189,000 Treasury discount notes — 24,961 — 24,961 Total $ 189,000 $ 24,961 $ — $ 213,961

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
LONG-TERM DEBT	Sep. 30, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: September 30, 2023 December 31, 2022 (In thousands) 3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15 $ 500,000 $ 500,000 Less: unamortized debt issuance costs 4,147 4,716 Total long-term debt, net $ 495,853 $ 495,284

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	Sep. 30, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOMEThe following tables present the components of accumulated other comprehensive (loss) income. There were no items reclassified out of accumulated other comprehensive (loss) income into earnings during both the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 2022 Foreign Currency Foreign Currency (In thousands) Balance at July 1 $ 1,122 $ (393) Other comprehensive loss (2,059) (4,819) Balance at September 30 $ (937) $ (5,212) Nine Months Ended September 30, 2023 2022 Foreign Currency Foreign Currency (In thousands) Balance at January 1 $ (1,172) $ 3,309 Other comprehensive income (loss) 235 (8,521) Balance at September 30 $ (937) $ (5,212) At September 30, 2023 and 2022 there was no tax benefit or provision on the accumulated other comprehensive loss.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
SEGMENT INFORMATION	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company has determined its operating segments consistent with how the chief operating decision maker views the businesses. Additionally, 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, 2023 2022 2023 2022 (In thousands) Revenue: Domestic Ads and Leads $ 291,993 $ 345,529 $ 877,986 $ 982,137 Services 29,964 105,892 91,890 290,574 Roofing 21,400 25,993 84,254 105,330 Intersegment eliminations (a) (794) (2,825) (3,257) (6,452) Total Domestic 342,563 474,589 1,050,873 1,371,589 International 29,274 23,447 88,439 78,388 Total revenue $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977 ________________________ (a) Intersegment eliminations related to Ads and Leads revenue earned from sales to Roofing. 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, 2023 2022 2023 2022 (In thousands) Domestic: Ads and Leads: Consumer connection revenue $ 203,579 $ 262,934 $ 625,527 $ 738,177 Advertising revenue 75,074 67,165 212,302 196,256 Membership subscription revenue 13,167 14,795 39,597 46,586 Other revenue 173 635 560 1,118 Total Ads and Leads revenue 291,993 345,529 877,986 982,137 Services revenue 29,964 105,892 91,890 290,574 Roofing revenue 21,400 25,993 84,254 105,330 Intersegment eliminations (a) (794) (2,825) (3,257) (6,452) Total Domestic 342,563 474,589 1,050,873 1,371,589 International: Consumer connection revenue 23,144 15,567 71,260 54,311 Service professional membership subscription revenue 6,023 7,597 16,834 23,211 Advertising and other revenue 107 283 345 866 Total International 29,274 23,447 88,439 78,388 Total revenue $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977 ________________________ (a) Intersegment eliminations related to Ads and Leads revenue earned from sales to Roofing. Geographic information about revenue and long-lived assets is presented below. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Revenue: United States $ 342,342 $ 473,835 $ 1,050,186 $ 1,369,392 All other countries 29,495 24,201 89,126 80,585 Total $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977 September 30, 2023 December 31, 2022 (In thousands) Long-lived assets (excluding goodwill, intangible assets, and ROU assets): United States $ 116,942 $ 147,322 All other countries 4,302 6,533 Total $ 121,244 $ 153,855 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Operating income (loss): Ads and Leads $ 8,115 $ 22,754 $ 26,386 $ 61,532 Services (3,887) (10,780) (21,514) (57,581) Roofing (2,246) (8,545) (3,137) (18,484) Corporate (14,854) (15,542) (46,361) (46,655) International 2,764 1,055 7,365 (4,713) Total $ (10,108) $ (11,058) $ (37,261) $ (65,901) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Adjusted EBITDA (b) : Ads and Leads $ 32,198 $ 43,344 $ 100,204 $ 119,833 Services $ 3,534 $ (1,942) $ 3,066 $ (34,422) Roofing $ (1,983) $ (7,871) $ (2,456) $ (15,987) Corporate $ (11,933) $ (12,550) $ (37,396) $ (38,102) International $ 4,046 $ 1,901 $ 11,237 $ (1,920) (b) The Company’s primary financial measure and GAAP segment measure is Adjusted EBITDA, which is defined as operating income (loss) 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 following tables reconcile operating income (loss) for the Company’s reportable segments and net loss attributable to Angi Inc. shareholders to Adjusted EBITDA: Three Months Ended September 30, 2023 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 8,115 $ 6,082 $ 15,368 $ 2,633 $ 32,198 Services (3,887) $ 1,096 $ 6,325 $ — $ 3,534 Roofing (2,246) $ 160 $ 103 $ — $ (1,983) Corporate (14,854) $ 2,921 $ — $ — $ (11,933) International 2,764 $ 482 $ 800 $ — $ 4,046 Total (10,108) Interest expense (5,037) Other income, net 3,891 Loss before income taxes (11,254) Income tax benefit 5,967 Net loss (5,287) Net earnings attributable to noncontrolling interests (69) Net loss attributable to Angi Inc. shareholders $ (5,356) Three Months Ended September 30, 2022 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 22,754 $ 4,979 $ 12,948 $ 2,663 $ 43,344 Services (10,780) $ 4,015 $ 3,848 $ 975 $ (1,942) Roofing (8,545) $ 195 $ 312 $ 167 $ (7,871) Corporate (15,542) $ 2,992 $ — $ — $ (12,550) International 1,055 $ 195 $ 651 $ — $ 1,901 Total (11,058) Interest expense (5,030) Other expense, net (2,296) Loss before income taxes (18,384) Income tax benefit 945 Net loss (17,439) Net earnings attributable to noncontrolling interests (40) Net loss attributable to Angi Inc. shareholders $ (17,479) Nine Months Ended September 30, 2023 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 26,386 $ 16,880 $ 48,980 $ 7,958 $ 100,204 Services (21,514) $ 6,497 $ 18,083 $ — $ 3,066 Roofing (3,137) $ 158 $ 523 $ — $ (2,456) Corporate (46,361) $ 8,965 $ — $ — $ (37,396) International 7,365 $ 1,248 $ 2,624 $ — $ 11,237 Operating loss (37,261) Interest expense (15,100) Other income, net 12,890 Loss before income taxes (39,471) Income tax benefit 4,705 Net loss (34,766) Net earnings attributable to noncontrolling interests (614) Net loss attributable to Angi Inc. shareholders $ (35,380) Nine Months Ended September 30, 2022 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 61,532 $ 15,303 $ 35,010 $ 7,988 $ 119,833 Services (57,581) $ 13,068 $ 7,166 $ 2,925 $ (34,422) Roofing (18,484) $ 1,410 $ 587 $ 500 $ (15,987) Corporate (46,655) $ 8,553 $ — $ — $ (38,102) International (4,713) $ 444 $ 2,349 $ — $ (1,920) Operating loss (65,901) Interest expense (15,078) Other expense, net (4,437) Loss before income taxes (85,416) Income tax benefit 10,693 Net loss (74,723) Net earnings attributable to noncontrolling interests (379) Net loss attributable to Angi Inc. shareholders $ (75,102)

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESThe 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 or benefit computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital in the consolidated statement of shareholders’ equity and financing activities within the consolidated 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, 2023 was a benefit of $3.9 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 reduced foreign income subject to tax in the U.S. and reduced state taxes. For the three months ended September 30, 2023, the Company recorded an income tax benefit of $6.0 million, which represents an effective income tax rate of 53%. 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, research credits, and a reconciliation of income tax provision accruals to tax returns, partially offset by tax shortfalls generated by the vesting for stock-based awards. For the nine months ended September 30, 2023, the Company recorded an income tax benefit of $4.7 million, which represents an effective income tax rate of 12%. The effective income tax rate is lower than the statutory rate of 21% due primarily to tax shortfalls generated by the vesting and exercise for stock-based awards and nondeductible stock-based compensation, partially offset by research credits. For the three and nine months ended September 30, 2022, the Company recorded an income tax benefit of $0.9 million and $10.7 million, which represents an effective income tax rate of 5% and 13%, respectively. For the three months ended September 30, 2022, the effective income tax rate is lower than the statutory rate of 21% due primarily to tax shortfalls generated by the vesting and exercise for stock-based awards and provisions related to a change in the annual expected effective income tax rate. For the nine months ended September 30, 2022, the effective income tax rate is lower than the statutory rate of 21% due primarily to tax shortfalls generated by the vesting and exercise for stock-based awards and nondeductible stock-based compensation expense. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. Accruals for interest are not material and there are currently no accruals for penalties. At September 30, 2023 and December 31, 2022, the Company has unrecognized tax benefits, including interest, of $7.4 million and $6.2 million, respectively; all of which are for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at September 30, 2023 are subsequently recognized, the income tax provision would be reduced by $7.0 million. The comparable amount as of December 31, 2022 is $5.8 million. The Company believes it is reasonably possible that its unrecognized tax benefits could decrease by $0.2 million by September 30, 2024 due to settlements; $0.1 million of which would reduce the income tax provision. 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. At September 30, 2023, the Company has a U.S. gross deferred tax asset of $221.1 million that the Company expects to fully utilize on a more likely than not basis. Of this amount, $24.1 million will be utilized upon the future reversal of deferred tax liabilities and the remaining net deferred tax asset of $197.0 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 $108.1 million. The Company expects to generate sufficient future taxable income of at least $514.7 million prior to the expiration of these NOLs, the majority of which expire between 2032 and 2037, and a portion of which never expire, to fully realize this deferred tax asset.

LOSS PER SHARE

LOSS PER SHARE	9 Months Ended
LOSS PER SHARE	Sep. 30, 2023
Earnings Per Share [Abstract]
LOSS PER SHARE	LOSS PER SHAREThe following table sets forth the computation of basic and diluted loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Three Months Ended September 30, 2023 2022 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net loss $ (5,287) $ (5,287) $ (17,439) $ (17,439) Net loss attributable to noncontrolling interests (69) (69) (40) (40) Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (5,356) $ (5,356) $ (17,479) $ (17,479) Denominator: Weighted average basic Class A and Class B common stock shares outstanding 506,332 506,332 503,202 503,202 Dilutive securities (a) (b) — — — — Denominator for loss per share—weighted average shares 506,332 506,332 503,202 503,202 Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Loss per share $ (0.01) $ (0.01) $ (0.03) $ (0.03) Nine Months Ended September 30, 2023 2022 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net loss $ (34,766) $ (34,766) $ (74,723) $ (74,723) Net loss attributable to noncontrolling interests (614) (614) (379) (379) Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (35,380) $ (35,380) $ (75,102) $ (75,102) Denominator: Weighted average basic Class A and Class B common stock shares outstanding 505,822 505,822 502,558 502,558 Dilutive securities (a) (b) — — — — Denominator for loss per share—weighted average shares 505,822 505,822 502,558 502,558 Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Loss per share $ (0.07) $ (0.07) $ (0.15) $ (0.15) (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and nine months ended September 30, 2023 and 2022, 27.4 million and 22.9 million of potentially dilutive securities, respectively, were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (b) 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 the three and nine months ended September 30, 2023 and 2022, 0.6 million and 0.9 million underlying market-based awards and PSUs, respectively, were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENT DETAILS	9 Months Ended
CONSOLIDATED FINANCIAL STATEMENT DETAILS	Sep. 30, 2023
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, 2023 December 31, 2022 September 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 366,825 $ 321,155 $ 328,795 $ 428,136 Restricted cash included in other current assets — 107 101 156 Restricted cash included in other non-current assets 371 874 840 1,193 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 367,196 $ 322,136 $ 329,736 $ 429,485 Restricted cash included in “Other non-current assets” in the accompanying consolidated balance sheet at September 30, 2023 primarily consisted of cash reserved to fund consumer claims. Restricted cash included in “Other current assets” in the accompanying consolidated balance sheets at December 31, 2022 and September 30, 2022 primarily consisted of cash reserved to fund insurance claims. Restricted cash included in “Other current assets” in the accompanying consolidated balance sheet at December 31, 2021 primarily consisted of funds collected from service providers for disputed payments which were not settled as of the period end, in addition to cash reserved to fund insurance claims. Restricted cash included in “Other non-current assets” in the accompanying consolidated balance sheets for all periods presented above except September 30, 2023 primarily consisted of deposits related to leases. Restricted cash included in “Other non-current assets” in the accompanying consolidated balance sheet at September 30, 2022 and December 31, 2021 also included cash held related to a check endorsement guarantee for Roofing. Credit Losses The following table presents the changes in the allowance for credit losses for the nine months ended September 30, 2023 and 2022: 2023 2022 (In thousands) Balance at January 1 $ 43,160 $ 33,652 Current period provision for credit losses 67,288 82,216 Write-offs charged against the allowance for credit losses (78,680) (72,212) Recoveries collected 4,352 4,136 Balance at September 30 $ 36,120 $ 47,792 Accumulated Amortization and Depreciation The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category September 30, 2023 December 31, 2022 (In thousands) Right-of-use assets (included in “other non-current assets”) $ 71,436 $ 61,818 Capitalized software, leasehold improvements, and equipment $ 194,460 $ 146,608 Intangible assets $ 179,362 $ 172,341 Other income (expense), net Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Interest income $ 4,871 $ 1,556 $ 12,450 $ 2,135 Foreign exchange (losses) gains (993) (3,852) 433 (6,572) Other 13 — 7 — Other income (expense), net $ 3,891 $ (2,296) $ 12,890 $ (4,437)

CONTINGENCIES

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes accruals for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. The total accrual for legal matters is $5.3 million at September 30, 2023. Management has also identified certain other legal matters where it believes an unfavorable outcome is not probable and, therefore, no accrual is established. Although management currently believes that resolving claims against the Company, 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 uncertain income tax positions 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 6—Income Taxes

RELATED PARTY TRANSACTIONS WITH

RELATED PARTY TRANSACTIONS WITH IAC	9 Months Ended
RELATED PARTY TRANSACTIONS WITH IAC	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC Allocation of CEO Compensation and Certain Expenses Joseph Levin, CEO of IAC and Chairman of Angi, was appointed CEO of Angi on October 10, 2022. As a result, for the three and nine months ended September 30, 2023, IAC allocated $2.6 million and $7.2 million, respectively, in costs to Angi (including salary, benefits, stock-based compensation and costs related to the CEO’s office). These costs were allocated from IAC based upon time spent on Angi by Mr. Levin. Management considers the allocation method to be reasonable. The allocated costs also include costs directly attributable to the Company that were initially paid for by IAC and billed by IAC to the Company. The Combination and Related Agreements Additionally, in connection with the transaction resulting in the formation of the Company in 2017, which is referred to as the “Combination,” Angi and IAC entered into a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement, which collectively govern the relationship between IAC and Angi Inc. Other Arrangements Additionally, the Company subleases office space to IAC and charged rent pursuant to a lease agreement of less than $0.1 million and $0.6 million for the three and nine months ended September 30, 2023, respectively, and $0.4 million and $1.2 million for the three and nine months ended September 30, 2022, respectively. IAC subleases office space to the Company and charged rent pursuant to a lease agreement of $0.4 million and $1.0 million, respectively for both the three and nine months ended September 30, 2023 and 2022. At September 30, 2023, the Company has an outstanding receivable of $0.2 million due from IAC pursuant to the sublease agreements. This amount is included in “Other non-current assets” in the accompanying consolidated balance sheet. At December 31, 2022, there were no outstanding receivables or payables pursuant to the sublease agreements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On November 1, 2023, Angi Inc. completed the sale of 100% of its wholly-owned subsidiary Total Home Roofing, LLC (“THR”) to a non-public third-party. THR comprises the entirety of the Roofing segment. See “ Note 5—Segment Information ” for additional information related to the Roofing segment results included in the financial statements. Subsequent to September 30, 2023, Angi Inc. management announced its intent to put in place a share repurchase plan with the intent of utilizing the full 14.0 million shares remaining in its current stock repurchase authorization.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
Insider Trading Arrangements	Sep. 30, 2023 shares	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Kulesh Shanmugasundaram [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 15, 2023, Kulesh Shanmugasundaram, an officer of the Company (Chief Technology Officer), adopted a Rule 10b5-1 trading plan that provides for the sale of up to 48,000 shares of Angi Class A common stock and all of the net shares of Angi Class A common stock acquired upon the vesting of up to 200,000 restricted stock units scheduled to vest on March 1, 2024, subject to continued service (the “Plan”). Sales pursuant to the Plan are scheduled to occur (assuming the satisfaction of the applicable price and other conditions set forth in the Plan) during the period commencing on November 14, 2023 and ending on August 30, 2024, absent the earlier amendment or termination of the Plan in accordance with its terms. The Plan is intended to qualify for the affirmative defense of Rule 10b5-1.
Name	Kulesh Shanmugasundaram
Title	Chief Technology Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 15, 2023
Arrangement Duration	290 days
Kulesh Shanmugasundaram Trading Arrangement, Class A Common Stock [Member] \| Kulesh Shanmugasundaram [Member]
Trading Arrangements, by Individual
Aggregate Available	48,000	48,000
Kulesh Shanmugasundaram Trading Arrangement, Restricted Stock Units [Member] \| Kulesh Shanmugasundaram [Member]
Trading Arrangements, by Individual
Aggregate Available	200,000	200,000

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Angi Inc. connects quality home service professionals with consumers across more than 500 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 202,000 transacting service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended September 30, 2023. Additionally, consumers turned to at least one of our brands to find a service professional for approximately 25 million projects during the twelve months ended September 30, 2023. The Company has four operating segments: (i) Ads and Leads; (ii) Services; (iii) Roofing; and (iv) International (consisting of businesses in Europe and Canada) and operates under multiple brands including Angi, HomeAdvisor, Handy, Total Home Roofing, and Angi Roofing. Ads and Leads provides service professionals the capability to engage with potential customers, including quote and invoicing services, and provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals nationwide for home repair, maintenance and improvement projects. Services consumers can request household services directly through the Angi platform and Angi fulfills the request through the use of independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. The matching and pre-priced booking services and related tools and directories are provided to consumers free of charge. Roofing provides roof replacement and repair services through its wholly-owned subsidiary Angi Roofing, LLC. As used herein, “Angi,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At September 30, 2023, IAC Inc. (“IAC”) owned 83.8% and 98.1% of the economic and voting interests, respectively, of the Company.
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements (referred to herein as “financial statements”) in accordance with United States (“U.S.”) generally accepted accounting principles (“GAAP”). The 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. See “ Note 10—Related Party Transactions with IAC ” for information on transactions between Angi 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 on an as if standalone, separate 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 or benefit 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. In management's opinion, the unaudited interim financial statements have been prepared on the same basis as the annual financial statements and reflect all normal recurring adjustments necessary for the fair presentation of the Company's consolidated financial position, consolidated results of operations and consolidated cash flows for the periods presented. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2022.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its 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 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; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability 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 liability for potential refunds and customer credits; 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 The Company accounts for a contract with a customer when it has approval and commitment from all parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised 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. 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 or expected completion of its performance obligation is one year or less. At December 31, 2022, the current and non-current deferred revenue balances were $50.9 million and $0.1 million, respectively, and during the nine months ended September 30, 2023, the Company recognized $47.0 million of revenue that was included in the deferred revenue balance as of December 31, 2022. At December 31, 2021, the current and non-current deferred revenue balances were $53.8 million and $0.1 million, respectively, and during the nine months ended September 30, 2022, the Company recognized $51.9 million of revenue that was included in the deferred revenue balance as of December 31, 2021. The current and non-current deferred revenue balances at September 30, 2023 are $55.2 million and less than $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 For contracts that have an original duration of one year or less, the Company uses the practical expedient available under Accounting Standards Codification (“ASC”) ASC 606, applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, 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.
Fair Value Measurements	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 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements There are no recently issued accounting pronouncements adopted or that have not yet been adopted by the Company that are expected to have a material effect on the results of operations, financial condition, or cash flows of the Company.
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
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis: September 30, 2023 Quoted Market Prices for Identical Assets in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 196,679 $ — $ — $ 196,679 Treasury discount notes — 99,522 — 99,522 Total $ 196,679 $ 99,522 $ — $ 296,201 December 31, 2022 Quoted Market Prices for Identical Assets in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Total (In thousands) Assets: Cash equivalents: Money market funds $ 189,000 $ — $ — $ 189,000 Treasury discount notes — 24,961 — 24,961 Total $ 189,000 $ 24,961 $ — $ 213,961

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
LONG-TERM DEBT (Tables)	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: September 30, 2023 December 31, 2022 (In thousands) 3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15 $ 500,000 $ 500,000 Less: unamortized debt issuance costs 4,147 4,716 Total long-term debt, net $ 495,853 $ 495,284

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	Sep. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	The following tables present the components of accumulated other comprehensive (loss) income. There were no items reclassified out of accumulated other comprehensive (loss) income into earnings during both the three and nine months ended September 30, 2023 and 2022. Three Months Ended September 30, 2023 2022 Foreign Currency Foreign Currency (In thousands) Balance at July 1 $ 1,122 $ (393) Other comprehensive loss (2,059) (4,819) Balance at September 30 $ (937) $ (5,212) Nine Months Ended September 30, 2023 2022 Foreign Currency Foreign Currency (In thousands) Balance at January 1 $ (1,172) $ 3,309 Other comprehensive income (loss) 235 (8,521) Balance at September 30 $ (937) $ (5,212)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
SEGMENT INFORMATION (Tables)	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table presents revenue by reportable segment: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Revenue: Domestic Ads and Leads $ 291,993 $ 345,529 $ 877,986 $ 982,137 Services 29,964 105,892 91,890 290,574 Roofing 21,400 25,993 84,254 105,330 Intersegment eliminations (a) (794) (2,825) (3,257) (6,452) Total Domestic 342,563 474,589 1,050,873 1,371,589 International 29,274 23,447 88,439 78,388 Total revenue $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977 ________________________ (a) Intersegment eliminations related to Ads and Leads revenue earned from sales to Roofing. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Operating income (loss): Ads and Leads $ 8,115 $ 22,754 $ 26,386 $ 61,532 Services (3,887) (10,780) (21,514) (57,581) Roofing (2,246) (8,545) (3,137) (18,484) Corporate (14,854) (15,542) (46,361) (46,655) International 2,764 1,055 7,365 (4,713) Total $ (10,108) $ (11,058) $ (37,261) $ (65,901) Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Adjusted EBITDA (b) : Ads and Leads $ 32,198 $ 43,344 $ 100,204 $ 119,833 Services $ 3,534 $ (1,942) $ 3,066 $ (34,422) Roofing $ (1,983) $ (7,871) $ (2,456) $ (15,987) Corporate $ (11,933) $ (12,550) $ (37,396) $ (38,102) International $ 4,046 $ 1,901 $ 11,237 $ (1,920) (b) The Company’s primary financial measure and GAAP segment measure is Adjusted EBITDA, which is defined as operating income (loss) 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.
Schedule of Segmented Revenue Disaggregated by Service	The following table presents the revenue of the Company’s segments disaggregated by type of service: Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Domestic: Ads and Leads: Consumer connection revenue $ 203,579 $ 262,934 $ 625,527 $ 738,177 Advertising revenue 75,074 67,165 212,302 196,256 Membership subscription revenue 13,167 14,795 39,597 46,586 Other revenue 173 635 560 1,118 Total Ads and Leads revenue 291,993 345,529 877,986 982,137 Services revenue 29,964 105,892 91,890 290,574 Roofing revenue 21,400 25,993 84,254 105,330 Intersegment eliminations (a) (794) (2,825) (3,257) (6,452) Total Domestic 342,563 474,589 1,050,873 1,371,589 International: Consumer connection revenue 23,144 15,567 71,260 54,311 Service professional membership subscription revenue 6,023 7,597 16,834 23,211 Advertising and other revenue 107 283 345 866 Total International 29,274 23,447 88,439 78,388 Total revenue $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977 ________________________ (a)
Schedule of Revenue by Geographic Areas	Geographic information about revenue and long-lived assets is presented below. Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 (In thousands) Revenue: United States $ 342,342 $ 473,835 $ 1,050,186 $ 1,369,392 All other countries 29,495 24,201 89,126 80,585 Total $ 371,837 $ 498,036 $ 1,139,312 $ 1,449,977
Schedule of Long-lived Assets by Geographic Areas	September 30, 2023 December 31, 2022 (In thousands) Long-lived assets (excluding goodwill, intangible assets, and ROU assets): United States $ 116,942 $ 147,322 All other countries 4,302 6,533 Total $ 121,244 $ 153,855
Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)	The following tables reconcile operating income (loss) for the Company’s reportable segments and net loss attributable to Angi Inc. shareholders to Adjusted EBITDA: Three Months Ended September 30, 2023 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 8,115 $ 6,082 $ 15,368 $ 2,633 $ 32,198 Services (3,887) $ 1,096 $ 6,325 $ — $ 3,534 Roofing (2,246) $ 160 $ 103 $ — $ (1,983) Corporate (14,854) $ 2,921 $ — $ — $ (11,933) International 2,764 $ 482 $ 800 $ — $ 4,046 Total (10,108) Interest expense (5,037) Other income, net 3,891 Loss before income taxes (11,254) Income tax benefit 5,967 Net loss (5,287) Net earnings attributable to noncontrolling interests (69) Net loss attributable to Angi Inc. shareholders $ (5,356) Three Months Ended September 30, 2022 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 22,754 $ 4,979 $ 12,948 $ 2,663 $ 43,344 Services (10,780) $ 4,015 $ 3,848 $ 975 $ (1,942) Roofing (8,545) $ 195 $ 312 $ 167 $ (7,871) Corporate (15,542) $ 2,992 $ — $ — $ (12,550) International 1,055 $ 195 $ 651 $ — $ 1,901 Total (11,058) Interest expense (5,030) Other expense, net (2,296) Loss before income taxes (18,384) Income tax benefit 945 Net loss (17,439) Net earnings attributable to noncontrolling interests (40) Net loss attributable to Angi Inc. shareholders $ (17,479) Nine Months Ended September 30, 2023 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 26,386 $ 16,880 $ 48,980 $ 7,958 $ 100,204 Services (21,514) $ 6,497 $ 18,083 $ — $ 3,066 Roofing (3,137) $ 158 $ 523 $ — $ (2,456) Corporate (46,361) $ 8,965 $ — $ — $ (37,396) International 7,365 $ 1,248 $ 2,624 $ — $ 11,237 Operating loss (37,261) Interest expense (15,100) Other income, net 12,890 Loss before income taxes (39,471) Income tax benefit 4,705 Net loss (34,766) Net earnings attributable to noncontrolling interests (614) Net loss attributable to Angi Inc. shareholders $ (35,380) Nine Months Ended September 30, 2022 Operating Income (Loss) Stock-Based Depreciation Amortization Adjusted EBITDA (b) (In thousands) Ads and Leads $ 61,532 $ 15,303 $ 35,010 $ 7,988 $ 119,833 Services (57,581) $ 13,068 $ 7,166 $ 2,925 $ (34,422) Roofing (18,484) $ 1,410 $ 587 $ 500 $ (15,987) Corporate (46,655) $ 8,553 $ — $ — $ (38,102) International (4,713) $ 444 $ 2,349 $ — $ (1,920) Operating loss (65,901) Interest expense (15,078) Other expense, net (4,437) Loss before income taxes (85,416) Income tax benefit 10,693 Net loss (74,723) Net earnings attributable to noncontrolling interests (379) Net loss attributable to Angi Inc. shareholders $ (75,102)

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	9 Months Ended
LOSS PER SHARE (Tables)	Sep. 30, 2023
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 per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Three Months Ended September 30, 2023 2022 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net loss $ (5,287) $ (5,287) $ (17,439) $ (17,439) Net loss attributable to noncontrolling interests (69) (69) (40) (40) Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (5,356) $ (5,356) $ (17,479) $ (17,479) Denominator: Weighted average basic Class A and Class B common stock shares outstanding 506,332 506,332 503,202 503,202 Dilutive securities (a) (b) — — — — Denominator for loss per share—weighted average shares 506,332 506,332 503,202 503,202 Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Loss per share $ (0.01) $ (0.01) $ (0.03) $ (0.03) Nine Months Ended September 30, 2023 2022 Basic Diluted Basic Diluted (In thousands, except per share data) Numerator: Net loss $ (34,766) $ (34,766) $ (74,723) $ (74,723) Net loss attributable to noncontrolling interests (614) (614) (379) (379) Net loss attributable to Angi Inc. Class A and Class B Common Stock shareholders $ (35,380) $ (35,380) $ (75,102) $ (75,102) Denominator: Weighted average basic Class A and Class B common stock shares outstanding 505,822 505,822 502,558 502,558 Dilutive securities (a) (b) — — — — Denominator for loss per share—weighted average shares 505,822 505,822 502,558 502,558 Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders: Loss per share $ (0.07) $ (0.07) $ (0.15) $ (0.15) (a) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and nine months ended September 30, 2023 and 2022, 27.4 million and 22.9 million of potentially dilutive securities, respectively, were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts. (b) 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 the three and nine months ended September 30, 2023 and 2022, 0.6 million and 0.9 million underlying market-based awards and PSUs, respectively, were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.

CONSOLIDATED FINANCIAL STATEM_2

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	9 Months Ended
CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, 2023 December 31, 2022 September 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 366,825 $ 321,155 $ 328,795 $ 428,136 Restricted cash included in other current assets — 107 101 156 Restricted cash included in other non-current assets 371 874 840 1,193 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 367,196 $ 322,136 $ 329,736 $ 429,485
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, 2023 December 31, 2022 September 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 366,825 $ 321,155 $ 328,795 $ 428,136 Restricted cash included in other current assets — 107 101 156 Restricted cash included in other non-current assets 371 874 840 1,193 Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows $ 367,196 $ 322,136 $ 329,736 $ 429,485
Schedule of Allowance for Credit Loss	The following table presents the changes in the allowance for credit losses for the nine months ended September 30, 2023 and 2022: 2023 2022 (In thousands) Balance at January 1 $ 43,160 $ 33,652 Current period provision for credit losses 67,288 82,216 Write-offs charged against the allowance for credit losses (78,680) (72,212) Recoveries collected 4,352 4,136 Balance at September 30 $ 36,120 $ 47,792
Schedule of Accumulated Amortization and Depreciation	The following table provides the accumulated amortization and depreciation within the consolidated balance sheet: Asset Category September 30, 2023 December 31, 2022 (In thousands) Right-of-use assets (included in “other non-current assets”) $ 71,436 $ 61,818 Capitalized software, leasehold improvements, and equipment $ 194,460 $ 146,608 Intangible assets $ 179,362 $ 172,341
Schedule of Other Expense, Net	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Interest income $ 4,871 $ 1,556 $ 12,450 $ 2,135 Foreign exchange (losses) gains (993) (3,852) 433 (6,572) Other 13 — 7 — Other income (expense), net $ 3,891 $ (2,296) $ 12,890 $ (4,437)

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands, project in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) project professional	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) project category segment professional	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Noncontrolling Interest [Line Items]
Number of service categories (more than) \| category			500
Number of domestic service professionals (over) \| professional	202,000		202,000
Number of projects \| project	25		25
Number of operating segments \| segment			4
Revenue	$ 371,837	$ 498,036	$ 1,139,312	$ 1,449,977
Current deferred revenue	55,162		55,162		$ 50,907	$ 53,800
Non-current deferred revenue	100		100		$ 100	$ 100
Deferred revenue recognized			47,000	$ 51,900
Change In Accounting Principle, Recording Revenue On Net Basis
Noncontrolling Interest [Line Items]
Revenue	$ (64,800)		$ (187,500)
Angi \| IAC
Noncontrolling Interest [Line Items]
Economic interest (as a percent)	83.80%		83.80%
Voting interest (as a percent)	98.10%		98.10%

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Total	$ 296,201	$ 213,961
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	196,679	189,000
Significant Other Observable Inputs (Level 2)
Assets:
Total	99,522	24,961
Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Money market funds
Assets:
Cash equivalents	196,679	189,000
Money market funds \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	196,679	189,000
Money market funds \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	0	0
Money market funds \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Treasury discount notes
Assets:
Cash equivalents	99,522	24,961
Treasury discount notes \| Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	0	0
Treasury discount notes \| Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	99,522	24,961
Treasury discount notes \| Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Fair Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	$ 390	$ 368.8

LONG-TERM DEBT - Summary (Detai

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument
Less: unamortized debt issuance costs	$ 4,147	$ 4,716
Total long-term debt, net	495,853	495,284
3.875% Senior Notes \| Senior Notes
Debt Instrument
Total long-term debt	$ 500,000	$ 500,000
Interest rate, stated percentage	3.875%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details)	Sep. 30, 2023
3.875% Senior Notes \| Senior Notes
Debt Instrument
Leverage ratio, maximum	3.75

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period			$ 1,048,384,000
Other comprehensive income (loss)	$ (2,182,000)	$ (5,129,000)	236,000	$ (9,100,000)
Balance at end of period	1,041,692,000		1,041,692,000
Tax benefit or provision on accumulated other comprehensive loss	0	0	0	0
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	1,122,000	(393,000)	(1,172,000)	3,309,000
Other comprehensive income (loss)	(2,059,000)	(4,819,000)	235,000	(8,521,000)
Balance at end of period	$ (937,000)	$ (5,212,000)	$ (937,000)	$ (5,212,000)

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 371,837	$ 498,036	$ 1,139,312	$ 1,449,977
Domestic
Segment Reporting Information [Line Items]
Revenue	342,563	474,589	1,050,873	1,371,589
Domestic \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	291,993	345,529	877,986	982,137
Domestic \| Operating Segments \| Services
Segment Reporting Information [Line Items]
Revenue	29,964	105,892	91,890	290,574
Domestic \| Operating Segments \| Roofing
Segment Reporting Information [Line Items]
Revenue	21,400	25,993	84,254	105,330
Domestic \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue	(794)	(2,825)	(3,257)	(6,452)
International
Segment Reporting Information [Line Items]
Revenue	$ 29,274	$ 23,447	$ 88,439	$ 78,388

SEGMENT INFORMATION - Revenue D

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 371,837	$ 498,036	$ 1,139,312	$ 1,449,977
Domestic
Segment Reporting Information [Line Items]
Revenue	342,563	474,589	1,050,873	1,371,589
Domestic \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	291,993	345,529	877,986	982,137
Domestic \| Operating Segments \| Services
Segment Reporting Information [Line Items]
Revenue	29,964	105,892	91,890	290,574
Domestic \| Operating Segments \| Roofing
Segment Reporting Information [Line Items]
Revenue	21,400	25,993	84,254	105,330
Domestic \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Revenue	(794)	(2,825)	(3,257)	(6,452)
Domestic \| Consumer connection revenue \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	203,579	262,934	625,527	738,177
Domestic \| Advertising revenue \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	75,074	67,165	212,302	196,256
Domestic \| Membership subscription revenue \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	13,167	14,795	39,597	46,586
Domestic \| Other revenue \| Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	173	635	560	1,118
International
Segment Reporting Information [Line Items]
Revenue	29,274	23,447	88,439	78,388
International \| Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue	23,144	15,567	71,260	54,311
International \| Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue	6,023	7,597	16,834	23,211
International \| Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue	$ 107	$ 283	$ 345	$ 866

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenue and Long-lived Assets by Geography
Revenue	$ 371,837	$ 498,036	$ 1,139,312	$ 1,449,977
Long-lived assets (excluding goodwill and intangible assets)	121,244		121,244		$ 153,855
United States
Revenue and Long-lived Assets by Geography
Revenue	342,342	473,835	1,050,186	1,369,392
Long-lived assets (excluding goodwill and intangible assets)	116,942		116,942		147,322
All other countries
Revenue and Long-lived Assets by Geography
Revenue	29,495	$ 24,201	89,126	$ 80,585
Long-lived assets (excluding goodwill and intangible assets)	$ 4,302		$ 4,302		$ 6,533

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating Income (loss) and Adjusted EBITDA by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Operating Income (Loss)	$ (10,108)	$ (11,058)	$ (37,261)	$ (65,901)
Ads and Leads
Segment Reporting Information [Line Items]
Operating Income (Loss)	8,115	22,754	26,386	61,532
Adjusted EBITDA	32,198	43,344	100,204	119,833
Services
Segment Reporting Information [Line Items]
Operating Income (Loss)	(3,887)	(10,780)	(21,514)	(57,581)
Adjusted EBITDA	3,534	(1,942)	3,066	(34,422)
Roofing
Segment Reporting Information [Line Items]
Operating Income (Loss)	(2,246)	(8,545)	(3,137)	(18,484)
Adjusted EBITDA	(1,983)	(7,871)	(2,456)	(15,987)
Corporate
Segment Reporting Information [Line Items]
Operating Income (Loss)	(14,854)	(15,542)	(46,361)	(46,655)
Adjusted EBITDA	(11,933)	(12,550)	(37,396)	(38,102)
International
Segment Reporting Information [Line Items]
Operating Income (Loss)	2,764	1,055	7,365	(4,713)
Adjusted EBITDA	$ 4,046	$ 1,901	$ 11,237	$ (1,920)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	$ (10,108)	$ (11,058)	$ (37,261)	$ (65,901)
Stock-Based Compensation Expense	10,741	12,376	33,748	38,778
Amortization of Intangibles	2,633	3,805	7,958	11,413
Interest expense	(5,037)	(5,030)	(15,100)	(15,078)
Other income (expense), net	3,891	(2,296)	12,890	(4,437)
Loss before income taxes	(11,254)	(18,384)	(39,471)	(85,416)
Income tax benefit	5,967	945	4,705	10,693
Net loss	(5,287)	(17,439)	(34,766)	(74,723)
Net earnings attributable to noncontrolling interests	(69)	(40)	(614)	(379)
Net loss attributable to Angi Inc. shareholders	(5,356)	(17,479)	(35,380)	(75,102)
Ads and Leads
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	8,115	22,754	26,386	61,532
Stock-Based Compensation Expense	6,082	4,979	16,880	15,303
Depreciation	15,368	12,948	48,980	35,010
Amortization of Intangibles	2,633	2,663	7,958	7,988
Adjusted EBITDA	32,198	43,344	100,204	119,833
Services
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(3,887)	(10,780)	(21,514)	(57,581)
Stock-Based Compensation Expense	1,096	4,015	6,497	13,068
Depreciation	6,325	3,848	18,083	7,166
Amortization of Intangibles	0	975	0	2,925
Adjusted EBITDA	3,534	(1,942)	3,066	(34,422)
Roofing
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(2,246)	(8,545)	(3,137)	(18,484)
Stock-Based Compensation Expense	160	195	158	1,410
Depreciation	103	312	523	587
Amortization of Intangibles	0	167	0	500
Adjusted EBITDA	(1,983)	(7,871)	(2,456)	(15,987)
Corporate
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(14,854)	(15,542)	(46,361)	(46,655)
Stock-Based Compensation Expense	2,921	2,992	8,965	8,553
Depreciation	0	0	0	0
Amortization of Intangibles	0	0	0	0
Adjusted EBITDA	(11,933)	(12,550)	(37,396)	(38,102)
International
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	2,764	1,055	7,365	(4,713)
Stock-Based Compensation Expense	482	195	1,248	444
Depreciation	800	651	2,624	2,349
Amortization of Intangibles	0	0	0	0
Adjusted EBITDA	$ 4,046	$ 1,901	$ 11,237	$ (1,920)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit due to higher estimated effective tax rate	$ 3,900
Income tax benefit	$ 5,967	$ 945	$ 4,705	$ 10,693
Effective income tax rate (as a percent)	53%	5%	12%	13%
Unrecognized tax benefits including tax interest accrued	$ 7,400		$ 7,400		$ 6,200
Unrecognized tax benefits that if subsequently recognized would reduce income tax expense	7,000		7,000		$ 5,800
Decrease in unrecognized tax benefits is reasonably possible	200		200
Unrecognized tax benefits that would reduce income tax provision	100		100
Deferred tax assets	221,100		221,100
Portion of deferred tax assets that will be utilized upon future reversal of deferred tax liabilities	24,100		24,100
Portion of deferred tax assets that will be utilized based on forecasts of future taxable income	197,000		197,000
Deferred tax assets, U.S. federal operating loss carryforwards	$ 108,100		108,100
Future taxable income			$ 514,700

LOSS PER SHARE - Summary (Detai

LOSS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Net loss	$ (5,287)	$ (17,439)	$ (34,766)	$ (74,723)
Net loss attributable to noncontrolling interests	(69)	(40)	(614)	(379)
Net loss attributable to Angi Inc. shareholders	$ (5,356)	$ (17,479)	$ (35,380)	$ (75,102)
Weighted average basic Class A and Class B common stock shares outstanding, basic (in shares)	506,332	503,202	505,822	502,558
Dilutive securities (in shares)	0	0	0	0
Denominator for loss per share - weighted average shares, diluted (shares)	506,332	503,202	505,822	502,558
Loss per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Basic loss per share (USD per share)	$ (0.01)	$ (0.03)	$ (0.07)	$ (0.15)
Diluted loss per share (USD per share)	$ (0.01)	$ (0.03)	$ (0.07)	$ (0.15)
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)			27,400	22,900
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)			600	900

CONSOLIDATED FINANCIAL STATEM_3

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 366,825	$ 321,155	$ 328,795	$ 428,136
Restricted cash included in other current assets	0	107	101	156
Restricted cash included in other non-current assets	371	874	840	1,193
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$ 367,196	$ 322,136	$ 329,736	$ 429,485

CONSOLIDATED FINANCIAL STATEM_4

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 43,160	$ 33,652
Current period provision for credit losses	67,288	82,216
Write-offs charged against the allowance for credit losses	(78,680)	(72,212)
Recoveries collected	4,352	4,136
Balance at September 30	$ 36,120	$ 47,792

CONSOLIDATED FINANCIAL STATEM_5

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization [Abstract]
Right-of-use assets (included in “other non-current assets”)	$ 71,436	$ 61,818
Capitalized software, leasehold improvements, and equipment	194,460	146,608
Intangible assets	$ 179,362	$ 172,341

CONSOLIDATED FINANCIAL STATEM_6

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 4,871	$ 1,556	$ 12,450	$ 2,135
Foreign exchange (losses) gains	(993)	(3,852)	433	(6,572)
Other	13	0	7	0
Other income (expense), net	$ 3,891	$ (2,296)	$ 12,890	$ (4,437)

CONTINGENCIES - Narrative (Deta

CONTINGENCIES - Narrative (Details) $ in Millions	Sep. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Loss contingency reserve	$ 5.3

RELATED PARTY TRANSACTIONS WI_2

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Accounts payable	$ 52,790,000		$ 52,790,000		$ 30,862,000
Revenue	371,837,000	$ 498,036,000	1,139,312,000	$ 1,449,977,000
Other non-current assets, net	56,493,000		56,493,000		63,207,000
Accounts receivable, net	77,269,000		77,269,000		93,880,000
Chief Executive Officer
Related Party Transaction [Line Items]
Expenses from related party transactions	2,600,000		7,200,000
IAC
Related Party Transaction [Line Items]
Other non-current assets, net	200,000		200,000
IAC \| Services Agreement
Related Party Transaction [Line Items]
Expenses from related party transactions	1,800,000	800,000	4,800,000	2,100,000
Accounts payable	0		0		800,000
IAC \| Tax Sharing Agreement
Related Party Transaction [Line Items]
Expenses from related party transactions	0	0	0	0
Accounts payable	2,800,000		2,800,000		1,400,000
IAC \| Sublease Agreement
Related Party Transaction [Line Items]
Expenses from related party transactions	400,000	400,000	1,000,000	1,000,000
Accounts payable					0
Revenue	100,000	400,000	600,000	1,200,000
Accounts receivable, net					0
Related Party
Related Party Transaction [Line Items]
Accounts payable	900,000		900,000		$ 1,100,000
Advertising expense	$ 1,500,000	$ 1,700,000	$ 5,100,000	$ 5,200,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) shares in Millions	Nov. 07, 2023 shares
Subsequent Event
Subsequent Event [Line Items]
Remaining stock authorized for repurchase (shares)	14