IAC InterActive (IAC) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2023	Aug. 04, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39356
Entity Registrant Name	IAC Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3727412
Entity Address, Address Line One	555 West 18th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	212
Local Phone Number	314-7300
Title of 12(b) Security	Common stock, par value $0.0001
Trading Symbol	IAC
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	0001800227
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		80,056,471
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,789,499

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 1,326,988	$ 1,417,390
Marketable securities	115,559	239,373
Accounts receivable, net	521,666	607,809
Other current assets	234,194	296,563
Total current assets	2,198,407	2,561,135
Capitalized software, equipment, buildings, land and leasehold improvements, net	494,627	510,614
Goodwill	3,033,112	3,030,168
Intangible assets, net of accumulated amortization	1,061,868	1,170,041
Investment in MGM Resorts International	2,842,661	2,170,182
Long-term investments	431,777	325,721
Other non-current assets	486,638	625,774
TOTAL ASSETS	10,549,090	10,393,635
LIABILITIES:
Current portion of long-term debt	30,000	30,000
Accounts payable, trade	127,667	133,105
Deferred revenue	160,827	157,124
Accrued expenses and other current liabilities	715,700	759,759
Total current liabilities	1,034,194	1,079,988
Long-term debt, net	2,006,456	2,019,759
Deferred income taxes	178,295	76,276
Other long-term liabilities	517,865	617,843
Redeemable noncontrolling interests	34,778	27,235
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in-capital	6,312,394	6,295,080
Retained earnings (accumulated deficit)	63,711	(265,019)
Accumulated other comprehensive loss	(6,904)	(13,133)
Treasury stock, 4,350 and 1,101 shares at June 30, 2023 and December 31, 2022, respectively	(252,502)	(85,323)
Total IAC shareholders' equity	6,116,708	5,931,614
Noncontrolling interests	660,794	640,920
Total shareholders' equity	6,777,502	6,572,534
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	10,549,090	10,393,635
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,360 and 84,184 shares issued and 80,010 and 83,083 shares outstanding at June 30, 2023 and December 31, 2022, respectively
SHAREHOLDERS' EQUITY:
Common stock, value	8	8
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at June 30, 2023 and December 31, 2022
SHAREHOLDERS' EQUITY:
Common stock, value	$ 1	$ 1

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Treasury stock (in shares)	4,350,000	1,101,000
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,360 and 84,184 shares issued and 80,010 and 83,083 shares outstanding at June 30, 2023 and December 31, 2022, respectively
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	1,600,000,000	1,600,000,000
Common stock issued (in shares)	84,360,000	84,184,000
Common stock outstanding (in shares)	80,010,000	83,083,000
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	400,000,000	400,000,000
Common stock issued (in shares)	5,789,000	5,789,000
Common stock outstanding (in shares)	5,789,000	5,789,000

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue	$ 1,111,589	$ 1,362,581	$ 2,195,860	$ 2,687,926
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	353,078	509,570	696,007	1,044,110
Selling and marketing expense	413,954	508,376	817,251	995,937
General and administrative expense	218,166	253,986	491,242	498,330
Product development expense	86,398	84,908	171,185	165,196
Depreciation	41,283	29,052	102,455	59,288
Amortization of intangibles	54,183	56,081	108,789	113,271
Goodwill impairment	0	86,748	0	86,748
Total operating costs and expenses	1,167,062	1,528,721	2,386,929	2,962,880
Operating loss	(55,473)	(166,140)	(191,069)	(274,954)
Interest expense	(39,077)	(23,517)	(77,249)	(45,429)
Unrealized (loss) gain on investment in MGM Resorts International	(32,362)	(825,305)	672,478	(1,012,635)
Other income (expense), net	10,985	(89,425)	34,734	(82,726)
(Loss) earnings before income taxes	(115,927)	(1,104,387)	438,894	(1,415,744)
Income tax benefit (provision)	24,297	228,988	(115,205)	299,452
Net (loss) earnings	(91,630)	(875,399)	323,689	(1,116,292)
Net loss attributable to noncontrolling interests	2,585	6,269	5,041	11,364
Net (loss) earnings attributable to IAC shareholders	$ (89,045)	$ (869,130)	$ 328,730	$ (1,104,928)
Per share information attributable to IAC common stock and Class B common stock shareholders:
Basic (loss) earnings per share (USD per share)	$ (1.07)	$ (10.02)	$ 3.77	$ (12.73)
Diluted (loss) earnings per share (USD per share)	$ (1.07)	$ (10.02)	$ 3.64	$ (12.73)
Stock-based compensation expense by function:
Stock-based compensation expense	$ 30,193	$ 31,656	$ 59,134	$ 61,343
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	533	49	552	54
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	2,198	2,441	3,941	3,949
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	24,040	24,560	46,884	49,931
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 3,422	$ 4,606	$ 7,757	$ 7,409

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (91,630)	$ (875,399)	$ 323,689	$ (1,116,292)
Other comprehensive income (loss), net of income taxes:
Change in foreign currency translation adjustment	2,486	(14,392)	3,405	(18,093)
Change in unrealized gains and losses on available-for-sale marketable debt securities	(11)	0	(37)	0
Change in net unrealized gains on interest rate swaps	5,639	0	3,352	0
Total other comprehensive income (loss), net of income taxes	8,114	(14,392)	6,720	(18,093)
Comprehensive (loss) income, net of income taxes	(83,516)	(889,791)	330,409	(1,134,385)
Components of comprehensive loss (income) attributable to noncontrolling interests:
Net loss attributable to noncontrolling interests	2,585	6,269	5,041	11,364
Change in foreign currency translation adjustment attributable to noncontrolling interests	(377)	776	(493)	843
Comprehensive loss attributable to noncontrolling interests	2,208	7,045	4,548	12,207
Comprehensive (loss) income attributable to IAC shareholders	$ (81,308)	$ (882,746)	$ 334,957	$ (1,122,178)

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Angi Inc.	IAC	Redeemable Noncontrolling Interests	Redeemable Noncontrolling Interests Vivian Health	Total IAC Shareholders' Equity	Total IAC Shareholders' Equity Angi Inc.	Total IAC Shareholders' Equity IAC	Common Stock Common Stock, $0.0001 par value	Common Stock Class B common stock, $0.0001 par value	Additional Paid-in-Capital	Additional Paid-in-Capital Angi Inc.	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Angi Inc.	Treasury Stock	Treasury Stock IAC	Noncontrolling Interests	Noncontrolling Interests Angi Inc.
Balance at beginning of period at Dec. 31, 2021				$ 18,741
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(2,387)
Other comprehensive loss				0
Distribution to and purchase of noncontrolling interests				(1,179)
Adjustment of noncontrolling interests to fair value				24,041
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest					$ (11,782)
Other				(26)
Balance at end of period at Jun. 30, 2022				27,408
Balance at beginning of period at Dec. 31, 2021	$ 7,748,960					$ 7,175,226			$ 8	$ 1	$ 6,265,669		$ 905,151	$ 4,397		$ 0		$ 573,734
Balance at beginning of period (in shares) at Dec. 31, 2021									83,922	5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(1,113,905)					(1,104,928)							(1,104,928)					(8,977)
Other comprehensive income, net of income taxes	(18,093)					(17,250)								(17,250)				(843)
Stock-based compensation expense	62,608					34,941					34,941							27,667
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(14,810)	$ (3,923)				(14,810)	$ (4,101)				(14,810)	$ (4,102)			$ 1				$ 178
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									210
Purchase of treasury stock		(8,144)	$ (59,079)				(8,144)	$ (59,079)				(8,144)					$ (59,079)
Adjustment of noncontrolling interests to fair value	(24,041)					(24,041)					(24,041)
Adjustment to the liquidation value of Vivian Health preferred shares	54,700					11,526					11,526							43,174
Other	890					890					890
Balance at end of period at Jun. 30, 2022	6,625,163					5,990,230			$ 8	$ 1	6,261,929		(199,777)	(12,852)		(59,079)		634,933
Balance at end of period (in shares) at Jun. 30, 2022									84,132	5,789
Balance at beginning of period at Mar. 31, 2022				27,817
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(2,353)
Distribution to and purchase of noncontrolling interests				(1,179)
Adjustment of noncontrolling interests to fair value				14,905
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest					$ (11,782)
Balance at end of period at Jun. 30, 2022				27,408
Balance at beginning of period at Mar. 31, 2022	7,500,917					6,919,455			$ 8	$ 1	6,249,328		669,353	765		0		581,462
Balance at beginning of period (in shares) at Mar. 31, 2022									84,075	5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(873,046)					(869,130)							(869,130)					(3,916)
Other comprehensive income, net of income taxes	(14,392)					(13,616)								(13,616)				(776)
Stock-based compensation expense	32,350					18,239					18,239							14,111
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(798)	(1,450)				(798)	(2,328)				(798)	(2,327)			(1)				878
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									57
Purchase of treasury stock			(59,079)					(59,079)									(59,079)
Adjustment of noncontrolling interests to fair value	(14,905)					(14,905)					(14,905)
Adjustment to the liquidation value of Vivian Health preferred shares	54,700					11,526					11,526							43,174
Other	866					866					866
Balance at end of period at Jun. 30, 2022	6,625,163					5,990,230			$ 8	$ 1	6,261,929		(199,777)	(12,852)		(59,079)		634,933
Balance at end of period (in shares) at Jun. 30, 2022									84,132	5,789
Balance at beginning of period at Dec. 31, 2022	27,235			27,235
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(542)
Adjustment of noncontrolling interests to fair value				8,089
Other				(4)
Balance at end of period at Jun. 30, 2023	34,778			34,778
Balance at beginning of period at Dec. 31, 2022	6,572,534					5,931,614			$ 8	$ 1	6,295,080		(265,019)	(13,133)		(85,323)		640,920
Balance at beginning of period (in shares) at Dec. 31, 2022									84,184	5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	324,231					328,730							328,730					(4,499)
Other comprehensive income, net of income taxes	6,720					6,227								6,227				493
Stock-based compensation expense	61,265					36,127					36,127							25,138
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(4,575)	(4,113)				(4,575)	(6,572)				(4,575)	(6,574)			$ 2				2,459
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									176
Purchase of treasury stock		(3,397)	(167,179)				(3,397)	(167,179)				(3,397)					(167,179)
Adjustment of noncontrolling interests to fair value	(8,089)					(8,089)					(8,089)
Adjustment to the liquidation value of Vivian Health preferred shares	0					3,689					3,689							(3,689)
Other	105					133					133							(28)
Balance at end of period at Jun. 30, 2023	6,777,502					6,116,708			$ 8	$ 1	6,312,394		63,711	(6,904)		(252,502)		660,794
Balance at end of period (in shares) at Jun. 30, 2023									84,360	5,789
Balance at beginning of period at Mar. 31, 2023				27,189
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(288)
Adjustment of noncontrolling interests to fair value				7,881
Other				(4)
Balance at end of period at Jun. 30, 2023	34,778			$ 34,778
Balance at beginning of period at Mar. 31, 2023	6,920,480					6,267,301			$ 8	$ 1	6,306,229		152,756	(14,641)		(177,052)		653,179
Balance at beginning of period (in shares) at Mar. 31, 2023									84,257	5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(91,342)					(89,045)							(89,045)					(2,297)
Other comprehensive income, net of income taxes	8,114					7,737								7,737				377
Stock-based compensation expense	31,332					20,064					20,064							11,268
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(2,725)	(1,703)				(2,725)	(1,875)				(2,725)	(1,875)							$ 172
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									103
Purchase of treasury stock		$ (3,397)	$ (75,450)				$ (3,397)	$ (75,450)				$ (3,397)					$ (75,450)
Adjustment of noncontrolling interests to fair value	(7,881)					(7,881)					(7,881)
Adjustment to the liquidation value of Vivian Health preferred shares	0					1,877					1,877							(1,877)
Other	74					102					102							(28)
Balance at end of period at Jun. 30, 2023	$ 6,777,502					$ 6,116,708			$ 8	$ 1	$ 6,312,394		$ 63,711	$ (6,904)		$ (252,502)		$ 660,794
Balance at end of period (in shares) at Jun. 30, 2023									84,360	5,789

CONSOLIDATED STATEMENT OF SHA_2

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Jun. 30, 2023	Jun. 30, 2022
Common Stock, $0.0001 par value
Common stock, par value (USD per share)	$ 0.0001
Common Stock, $0.0001 par value | Common Stock
Common stock, par value (USD per share)	0.0001	$ 0.0001
Class B common stock, $0.0001 par value
Common stock, par value (USD per share)	0.0001
Class B common stock, $0.0001 par value | Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net earnings (loss)	$ 323,689	$ (1,116,292)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Unrealized (gain) loss on investment in MGM Resorts International	(672,478)	1,012,635
(Gains) losses on investments in equity securities and sales of businesses, net	(1,460)	14,440
Amortization of intangibles	108,789	113,271
Depreciation	102,455	59,288
Deferred income taxes	101,451	(306,428)
Non-cash lease expense (including right-of-use asset impairments)	72,506	28,802
Stock-based compensation expense	59,134	61,343
Provision for credit losses	48,608	51,710
Unrealized decrease (increase) in the estimated fair value of a warrant	7,731	(12,851)
Pension and postretirement benefit expense	636	79,080
Goodwill impairment	0	86,748
Other adjustments, net	(7,838)	13,016
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	30,325	(195)
Other assets	45,688	2,532
Operating lease liabilities	(39,576)	(32,059)
Accounts payable and other liabilities	(57,504)	(72,958)
Income taxes payable and receivable	2,453	(32)
Deferred revenue	3,645	10,045
Net cash provided by (used in) operating activities	128,254	(7,905)
Cash flows from investing activities:
Capital expenditures	(108,107)	(73,641)
Proceeds from sales of assets	28,890	164
Proceeds from maturities of marketable debt securities	325,000	0
Purchases of marketable debt securities	(197,017)	0
Purchases of investments	(103,555)	(1,036)
Net proceeds from the sales of businesses and investments	3,491	27,871
Purchases of investment in MGM Resorts International	0	(202,500)
Decrease in notes receivable	14,197	19,111
Other, net	9,901	4,766
Net cash used in investing activities	(27,200)	(225,265)
Cash flows from financing activities:
Principal payments on Dotdash Meredith Term Loans	(15,000)	(15,000)
Debt issuance costs	0	(785)
Proceeds from the issuance of Vivian Health preferred shares, net of fees	0	34,700
Purchase of noncontrolling interests	0	(1,179)
Other, net	41	5,160
Net cash used in financing activities	(193,352)	(63,792)
Total cash used	(92,298)	(296,962)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	1,724	(4,201)
Net decrease in cash and cash equivalents and restricted cash	(90,574)	(301,163)
Cash and cash equivalents and restricted cash at beginning of period	1,426,069	2,121,864
Cash and cash equivalents and restricted cash at end of period	1,335,495	1,820,701
IAC employees
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(5,250)	(15,952)
Angi Inc. employees
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(4,124)	(3,513)
IAC
Cash flows from financing activities:
Purchases of treasury stock	(165,622)	(59,079)
Angi Inc.
Cash flows from financing activities:
Purchases of treasury stock	$ (3,397)	$ (8,144)

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 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 IAC today consists of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, among others ranging from early stage to established businesses. As used herein, "IAC," the "Company," "we," "our," "us" and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise). Basis of Presentation 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. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The 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 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, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity 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 capitalized software, equipment, buildings and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; the fair value of acquisition-related contingent consideration arrangements; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant. Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from floating rate to fixed rate to manage interest rate risk exposure beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification 815, Derivatives and Hedging . As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See " Note 4—Long-term Debt " for additional information. 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 services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. From January 1, 2020 through December 31, 2022, Services recorded revenue on a gross basis. Effective January 1, 2023, Angi Inc. 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 Angi Inc.'s performance obligation to the consumer is to connect them with the service professional. This change in contractual terms requires revenue to 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 six months ended June 30, 2022, if Services revenue were recorded on a net basis, revenue would have been reduced by $71.1 million and $122.8 million, respectively. The Company's disaggregated revenue disclosures are presented in " Note 6—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. The current and non-current deferred revenue balances were $160.8 million and $0.1 million, respectively, at June 30, 2023, and $157.1 million and $0.2 million, respectively, at December 31, 2022. During the six months ended June 30, 2023, the Company recognized $127.3 million of revenue that was included in the deferred revenue balance at December 31, 2022. During the six months ended June 30, 2022, the Company recognized $125.2 million of revenue that was included in the deferred revenue balance at December 31, 2021. The current and non-current deferred revenue balances were $165.5 million and $0.4 million, respectively, at December 31, 2021. Non-current deferred revenue is included in "Other long-term liabilities" in the 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 FASB Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASU No. 2014-09 , the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, 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 it has the right to invoice for services performed. Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A meaningful portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google. For the three and six months ended June 30, 2023, total revenue earned from Google was $197.9 million and $370.8 million, respectively, representing 18% and 17%, respectively, of the Company's revenue. The revenue earned from the Services Agreement for the three and six months ended June 30, 2023, was $164.6 million and $303.3 million, respectively, representing 15% and 14%, respectively, of the Company's total revenue. For the three and six months ended June 30, 2022, total revenue earned from Google was $169.3 million and $362.7 million , respectively, representing 12% and 13%, respectively, of the Company's revenue. The revenue earned from the Services Agreement for the three and six months ended June 30, 2022, was $122.1 million and $269.3 million, respectively, representing 9% and 10%, respectively, of the Company's total revenue. The related accounts receivable totaled $68.8 million and $74.1 million at June 30, 2023 and December 31, 2022, respectively. The revenue attributable to the Services Agreement is earned by Ask Media Group and the Desktop business, which comprise the Search segment. For the three and six months ended June 30, 2023, revenue earned from the Services Agreement was $146.1 million and $266.4 million, respectively, within Ask Media Group and $18.4 million and $37.0 million, respectively, within the Desktop business . For the three and six months ended June 30, 2022, revenue earned from the Services Agreement was $97.6 million and $218.1 million , respectively, within Ask Media Group and $24.5 million and $51.2 million , respectively, within the Desktop business. The Services Agreement requires that the Company comply with certain guidelines promulgated by Google. Google may generally unilaterally update its policies and guidelines without advance notice. These updates may be specific to the Services Agreement or could be more general and thereby impact the Company as well as other companies. These policy and guideline updates have in the past and could in the future require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which have been and could be costly to address or negatively impact revenue and have had and in the future could have an adverse effect on our financial condition and results of operations. As described below, Google has made changes to the policies under the Services Agreement and has also made industry-wide changes that have negatively impacted the Desktop business-to-consumer ("B2C") business. Google may make changes in the future that could impact the revenue earned from Google, including under the Services Agreement. As a result of certain industry-wide policy changes combined with increased enforcement by Google of policies under the Services Agreement in prior periods, the Company discontinued the introduction of new products in 2021. Therefore, the current B2C revenue stream relates solely to the then existing installed base of products. As a result, the revenue and profits of the B2C business have declined significantly and the Company expects that trend to continue. Recent Accounting Pronouncements There are no recently issued accounting pronouncements 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.

DOTDASH MEREDITH RESTRUCTURING

DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES	DOTDASH MEREDITH RESTRUCTURING CHARGES AND TRANSACTION-RELATED EXPENSES Restructuring Charges During the first half of 2023, Dotdash Meredith continued to incur costs related to a voluntary retirement program announced in the first quarter of 2022 and recorded adjustments to previously accrued amounts related to a reduction in force plan, for which the related expenses were accrued primarily in the fourth quarter of 2022. During 2022, Dotdash Meredith management committed to several actions to improve efficiencies and better align its cost structure following the acquisition of Meredith on December 1, 2021, which included: (i) the discontinuation of certain print publications and the shutdown of PeopleTV, for which the related expense was primarily reflected in the first quarter of 2022, (ii) the aforementioned voluntary retirement program, for which the related expense was primarily reflected in the first half of 2022, (iii) the consolidation of certain leased office space, for which the related expense was reflected in the third quarter of 2022 and (iv) the aforementioned reduction in force plan. These actions resulted in $80.2 million of restructuring charges incurred for the year ended December 31, 2022. A summary of the costs incurred, payments and related accruals is presented below. The Company anticipates the estimated remaining costs associated with the 2022 restructuring events will be paid by December 31, 2023 from existing cash on hand. Six Months Ended June 30, 2023 Accrued December 31, 2022 Charges Incurred Reversal of Initial Cost Payments Accrued June 30, 2023 Cumulative Charges Incurred Estimated Remaining Costs (In thousands) Digital $ 10,950 $ 1,291 $ (954) $ (8,081) $ 3,206 $ 39,562 $ — Print 12,055 983 (1,492) (7,226) 4,320 32,923 58 Other (a) 4,389 620 (264) (3,077) 1,668 7,937 58 Total $ 27,394 $ 2,894 $ (2,710) $ (18,384) $ 9,194 $ 80,422 $ 116 _____________________ (a) Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments. Six Months Ended June 30, 2022 Charges Incurred Payments Non-cash (b) Accrued June 30, 2022 (In thousands) Digital $ 7,181 $ (2,972) $ — $ 4,209 Print 24,360 (10,457) (425) 13,478 Other (a) 4,548 (780) — 3,768 Total $ 36,089 $ (14,209) $ (425) $ 21,455 _____________________ (b) Includes $0.4 million related to the write-off of inventory. The costs are allocated as follows in the statement of operations : Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Cost of revenue $ 142 $ 4,419 $ 699 $ 16,601 Selling and marketing expense 321 4,016 (541) 9,615 General and administrative expense (180) 4,545 63 8,858 Product development expense (58) 672 (37) 1,015 Total $ 225 $ 13,652 $ 184 $ 36,089 Transaction-Related Expenses Dotdash Meredith incurred transaction-related expenses in connection with the acquisition of Meredith of $1.2 million and $5.2 million for the three and six months ended June 30, 2022, respectively.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Marketable Securities At June 30, 2023 and December 31, 2022, the fair value of marketable securities are as follows: June 30, 2023 December 31, 2022 (In thousands) Marketable equity securities $ 4,429 $ 4,317 Available-for-sale marketable debt securities 111,130 235,056 Total marketable securities $ 115,559 $ 239,373 At June 30, 2023, the Company has two investments in marketable equity securities, other than the investment in MGM Resorts International ("MGM"). These marketable equity securities are carried at fair value. The Company recorded net unrealized pre-tax gains of $1.3 million and $0.1 million during the three and six months ended June 30, 2023 for these investments, respectively. The Company recorded a net unrealized pre-tax loss of $28.7 million and a net unrealized pre-tax gain of $5.7 million during the three and six months ended June 30, 2022 for these investments, respectively. The unrealized pre-tax gains and losses related to these investments are included in "Other income (expense), net" in the statement of operations. At June 30, 2023 and December 31, 2022, current available-for-sale marketable debt securities are as follows: June 30, 2023 December 31, 2022 Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 111,109 $ 23 $ (2) $ 111,130 $ 234,987 $ 75 $ (6) $ 235,056 Total available-for-sale marketable debt securities $ 111,109 $ 23 $ (2) $ 111,130 $ 234,987 $ 75 $ (6) $ 235,056 The contractual maturities of debt securities classified as current available-for-sale at June 30, 2023 and December 31, 2022 were within one year. There were no investments in available-for-sale marketable debt securities that had been in a continuous unrealized loss position for longer than twelve months at June 30, 2023 and December 31, 2022. Investment in MGM Resorts International June 30, 2023 December 31, 2022 (In thousands) Investment in MGM Resorts International $ 2,842,661 $ 2,170,182 At June 30, 2023, the Company owns 64.7 million shares of MGM, including 4.5 million shares purchased in the first quarter of 2022 for $202.5 million, representing a 18.3% o wnership. The fair value of the investment in MGM is remeasured each reporting period based upon MGM's closing stock price on the New York Stock Exchange on that last trading day in the reporting period and any unrealized pre-tax gains or losses are included in the statement of operations. For the three and six months ended June 30, 2023, the Company recognized an unrealized pre-tax loss and gain of $32.4 million and $672.5 million on its investment in MGM, respectively. For the three and six months ended June 30, 2022, the Company recorded unrealized pre-tax losses on its investment in MGM of $825.3 million and $1.0 billion, respectively. The cumulative unrealized pre-tax gain at June 30, 2023 is $1.6 billion . A $2.00 increase or decrease in the share price of MGM would result in an unrealized gain or loss, respectively, of $129.4 million. At August 4, 2023, the fair value of the Company's investment in MGM was $2.9 billion. Long-term Investments Long-term investments consist of: June 30, 2023 December 31, 2022 (In thousands) Equity securities without readily determinable fair values $ 426,938 $ 323,530 Equity method investment 4,839 2,191 Total long-term investments $ 431,777 $ 325,721 In April 2023, the Company purchased additional preferred shares of Turo Inc. ("Turo"), a peer-to-peer car sharing marketplace, for $103.6 million. Equity Securities without Readily Determinable Fair Values The following table presents a summary of unrealized pre-tax gains and losses recorded in "Other income (expense), net" in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at June 30, 2023 and 2022. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Upward adjustments (gross unrealized pre-tax gains) $ 2,227 $ — $ 2,227 $ — Downward adjustments including impairments (gross unrealized pre-tax losses) (373) (22,376) (1,195) (22,376) Total $ 1,854 $ (22,376) $ 1,032 $ (22,376) The cumulative upward and downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values held at June 30, 2023 were $37.8 million and $104.0 million, respectively. Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Realized pre-tax gains (losses), net, for equity securities sold $ 993 $ (6) $ 1,000 $ 462 Unrealized pre-tax gains (losses), net, on equity securities held 1,854 (22,376) 1,032 (22,376) Total pre-tax gains (losses), net recognized $ 2,847 $ (22,382) $ 2,032 $ (21,914) All pre-tax gains and losses on equity securities without readily determinable fair values, realized and unrealized, are recognized in "Other income (expense), net" in the statement of operations. Equity Method Investment The Company owns common shares of Turo. This investment in Turo's common shares is accounted for under the equity method of accounting given the Company's ownership interest at June 30, 2023 of approximately 29.9% on a fully diluted basis in the form of preferred shares, which are not common stock equivalents and are accounted for as an equity security without readily determinable fair value. The Company accounts for the equity earnings (losses) for this investment on a one quarter lag. These equity earnings (losses) were immaterial. Fair Value Measurements The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: • Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets. • Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used. • Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities. The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: June 30, 2023 Quoted Market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 1,000,932 $ — $ — $ 1,000,932 Treasury discount notes — 24,871 — 24,871 Time deposits — 17,964 — 17,964 Marketable securities: Marketable equity securities 4,429 — — 4,429 Treasury discount notes — 111,130 — 111,130 Investment in MGM 2,842,661 — — 2,842,661 Other non-current assets: Warrant — — 39,068 39,068 Interest rate swaps (a) — 4,389 — 4,389 Total $ 3,848,022 $ 158,354 $ 39,068 $ 4,045,444 _____________________ (a) Interest rate swaps relate to the $350 million notional amount of Dotdash Meredith's Term Loan B and are included in "Other non-current assets" in the balance sheet. See " Note 1—The Company and Summary of Significant Accounting Policies " and " Note 4—Long-term Debt " for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs. December 31, 2022 Quoted Market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 862,829 $ — $ — $ 862,829 Treasury discount notes — 137,219 — 137,219 Time deposits — 16,018 — 16,018 Marketable securities: Marketable equity securities 4,317 — — 4,317 Treasury discount notes — 235,056 — 235,056 Investment in MGM 2,170,182 — — 2,170,182 Other non-current assets: Warrant — — 46,799 46,799 Total $ 3,037,328 $ 388,293 $ 46,799 $ 3,472,420 The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2023 2022 Warrant Warrant (In thousands) Balance at April 1 $ 52,739 $ 117,279 Total net (losses) gains: Fair value adjustments included in earnings (13,671) 4,866 Balance at June 30 $ 39,068 $ 122,145 Six months ended June 30, 2023 2022 Warrant Warrant Contingent (In thousands) Balance at January 1 $ 46,799 $ 109,294 $ (612) Total net (losses) gains: Fair value adjustments included in earnings (7,731) 12,851 612 Balance at June 30 $ 39,068 $ 122,145 $ — Warrant As part of the Company's original investment in Turo preferred shares, the Company received a warrant that is recorded at fair value each reporting period with any change included in "Other income (expense), net" in the statement of operations. The warrant is measured using significant unobservable inputs and is classified in the fair value hierarchy table as Level 3. The warrant is included in "Other non-current assets" in the balance sheet. Contingent Consideration Arrangements At June 30, 2023, the Company has no contingent consideration arrangements outstanding. In connection with the Meredith acquisition on December 1, 2021, the Company assumed a contingent consideration arrangement liability of $0.6 million, which was written off during the first quarter of 2022 due to a change in estimate of the liability related to this arrangement. Assets measured at fair value on a nonrecurring basis The Company's non-financial assets, such as goodwill, intangible assets, ROU assets, capitalized software, equipment, buildings and leasehold improvements, are adjusted to fair value only when an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs. During the first quarter of 2023, Dotdash Meredith recorded impairment charges related to certain unoccupied leased office space due to the continued decline in the commercial real estate market; a $44.7 million impairment of an ROU asset and a $25.3 million impairment of leasehold improvements, furniture and equipment, which are included in "General and administrative expense" and "Depreciation," respectively, in the statement of operations. The impairment charges represent the amount by which the carrying value of the asset group exceeded its estimated fair value, calculated using a discounted cash flow approach using sublease market assumptions of the expected cash flows and discount rate. The impairment charges were allocated between the ROU assets and related leasehold improvements, furniture and equipment of the asset group based on their relative carrying values. The aggregate carrying value of goodwill for which the most recent estimate of the excess of fair value over carrying value is less than 20% is $153.6 million of goodwill at Mosaic Group. There is one indefinite-lived intangible asset at Dotdash Meredith Digital with a value of approximately $126.0 million for which the excess of fair value over carrying value is less than 20%. Financial instruments measured at fair value only for disclosure purposes The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2023 December 31, 2022 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (30,000) $ (27,769) $ (30,000) $ (26,700) Long-term debt, net (a) $ (2,006,456) $ (1,803,172) $ (2,019,759) $ (1,708,413) _____________________ (a) At June 30, 2023 and December 31, 2022, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $18.5 million and $20.2 million, respectively . At June 30, 2023 and December 31, 2022, the fair value of long-term debt, including the current portion, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs.

LONG-TERM DEBT

LONG-TERM DEBT	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: June 30, 2023 December 31, 2022 (In thousands) Dotdash Meredith Debt Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026 $ 323,750 $ 332,500 Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028 1,231,250 1,237,500 Total Dotdash Meredith long-term debt 1,555,000 1,570,000 Less: current portion of Dotdash Meredith long-term debt 30,000 30,000 Less: original issue discount 4,890 5,310 Less: unamortized debt issuance costs 9,314 10,215 Total Dotdash Meredith long-term debt, net 1,510,796 1,524,475 ANGI Group Debt 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 4,340 4,716 Total ANGI Group long-term debt, net 495,660 495,284 Total long-term debt, net $ 2,006,456 $ 2,019,759 Dotdash Meredith Term Loans and Dotdash Meredith Revolving Facility On December 1, 2021, Dotdash Meredith entered into a credit agreement ("Dotdash Meredith Credit Agreement"), which provides for (i) the five-year $350 million Dotdash Meredith Term Loan A, (ii) the seven-year $1.25 billion Dotdash Meredith Term Loan B (and together with Dotdash Meredith Term Loan A, the "Dotdash Meredith Term Loans") and (iii) a five-year $150 million revolving credit facility ("Dotdash Meredith Revolving Facility"). The Dotdash Meredith Term Loan A bears interest at an adjusted term secured overnight financing rate ("Adjusted Term SOFR") as defined in the Dotdash Meredith Credit Agreement plus an applicable margin depending on Dotdash Meredith's most recently reported consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement. The adjustment to the secured overnight financing rate is fixed at 0.10% for the Dotdash Meredith Term Loan A. The Dotdash Meredith Term Loan B has a varying adjustment of 0.10%, 0.15% or 0.25% based upon the duration of the borrowing period. At June 30, 2023 and December 31, 2022, the Dotdash Meredith Term Loan A bore interest at Adjusted Term SOFR plus 2.25%, or 7.24% and 5.91%, respectively, and the Dotdash Meredith Term Loan B bore interest at Adjusted Term SOFR, subject to a minimum of 0.50%, plus 4.00%, or 9.26% and 8.22%, respectively. Interest payments are due at least quarterly through the terms of the Dotdash Meredith Term Loans. In March 2023, Dotdash Meredith entered into interest rate swaps on the Dotdash Meredith Term Loan B for a total notional amount of $350 million with a maturity date of April 1, 2027. The interest rate swaps synthetically converted $350 million of the Dotdash Meredith Term Loan B for the duration of the interest rate swaps to a fixed rate of approximately 7.92% ((i) the weighted average fixed interest rate of approximately 3.82% on the interest rate swaps plus (ii) the adjustment to the secured overnight financing rate of 0.10% plus (iii) the base rate of 4.00%), beginning on April 3, 2023. The interest rate swaps are expected to be highly effective. See " Note 5—Accumulated Other Comprehensive (Loss) Income " for the net unrealized gains recognized in "Accumulated other comprehensive loss" and realized gains reclassified into “Interest expense” for the three and six months ended June 30, 2023. At June 30, 2023, $5.1 million is expected to be reclassified into interest expense within the next twelve months as realized gains. The related asset of $4.4 million is included in “Other non-current assets” in the balance sheet at June 30, 2023. The Dotdash Meredith Term Loan A requires quarterly principal payments of approximately $4.4 million through December 31, 2024, $8.8 million through December 31, 2025 and approximately $13.1 million thereafter through maturity. The Dotdash Meredith Term Loan B requires quarterly payments of $3.1 million through maturity. The Dotdash Meredith Term Loan B may require additional annual principal payments as part of an excess cash flow sweep provision, the amount of which, in part, is governed by the applicable net leverage ratio. No such payment was required related to the period ended December 31, 2022. There were no outstanding borrowings under the Dotdash Meredith Revolving Facility at June 30, 2023 and December 31, 2022. The annual commitment fee on undrawn funds is based on Dotdash Meredith's consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement, most recently reported and was 40 basis points at both June 30, 2023 and December 31, 2022. Any borrowings under the Dotdash Meredith Revolving Facility would bear interest, at Dotdash Meredith's option, at either a base rate or Adjusted Term SOFR, plus an applicable margin, which is based on Dotdash Meredith's consolidated net leverage ratio. As of the last day of any calendar quarter, if either (i) $1.00 or more of loans under the Dotdash Meredith Revolving Facility or Dotdash Meredith Term Loan A are outstanding, or (ii) the outstanding face amount of undrawn letters of credit, other than cash collateralized letters of credit at 102% of face value, exceeds $25 million, subject to certain increases for qualifying material acquisitions, then Dotdash Meredith will not permit the consolidated net leverage ratio, which permits netting of up to $250 million in cash and cash equivalents, as of the last day of such quarter to exceed 5.5 to 1.0. The Dotdash Meredith Credit Agreement also contains covenants that would limit Dotdash Meredith’s ability to pay dividends, incur incremental secured indebtedness, or make distributions or certain investments in the event a default has occurred or if Dotdash Meredith’s consolidated net leverage ratio exceeds 4.0 to 1.0, subject to certain available amounts as defined in the Dotdash Meredith Credit Agreement. This ratio was exceeded for both test periods ended June 30, 2023 and December 31, 2022. The Dotdash Meredith Credit Agreement also permits the Company to, among other things, contribute cash to Dotdash Meredith, which will provide additional liquidity to ensure that Dotdash Meredith does not exceed certain consolidated net leverage ratios for any test period, as further defined in the Dotdash Meredith Credit Agreement. In connection with these capital contributions, Dotdash Meredith may make distributions to IAC in amounts not more than any such capital contributions, provided that no default has occurred and is continuing. Such capital contributions and subsequent distributions impact the consolidated net leverage ratios of Dotdash Meredith. The Company contributed $145.0 million and $135.0 million to Dotdash Meredith in June 2023 and March 2023, respectively, which Dotdash Meredith subsequently distributed back to the Company $130.0 million, $15.0 million and $135.0 million in July, June and April 2023, respectively. The obligations under the Dotdash Meredith Credit Agreement are guaranteed by certain of Dotdash Meredith's wholly-owned subsidiaries and are secured by substantially all of the assets of Dotdash Meredith and certain of its subsidiaries. ANGI Group Debt ANGI Group, LLC ("ANGI Group"), a direct wholly-owned subsidiary of Angi Inc., issued the ANGI Group Senior Notes on August 20, 2020. At any time prior to August 15, 2023, these notes may be redeemed at a redemption price equal to the sum of the principal amount thereof, plus accrued and unpaid interest and a make-whole premium. Thereafter, these notes may be redeemed at the redemption prices, plus accrued and unpaid interest thereon, if any, to the applicable redemption date as set forth in the indenture governing the notes. The indenture governing the ANGI Group Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio exceeds 3.75 to 1.0 provided that ANGI Group is permitted to incur such liens under certain permitted credit facilities indebtedness notwithstanding the ratio, all as defined in the indenture. At June 30, 2023, there were no limitations pursuant thereto.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the components of accumulated other comprehensive loss. Three months ended June 30, 2023 2022 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities Unrealized (Losses) Gains On Interest Rate Swaps Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Adjustment Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at April 1 $ (12,381) $ 27 $ (2,287) $ (14,641) $ 765 $ 765 Other comprehensive income (loss) before reclassifications 2,109 (11) 6,659 8,757 (13,616) (13,616) Amounts reclassified to earnings — — (1,020) (1,020) — — Net current period other comprehensive income (loss) 2,109 (11) 5,639 7,737 (13,616) (13,616) Accumulated other comprehensive income allocated to noncontrolling interests during the period — — — — (1) (1) Balance at June 30 $ (10,272) $ 16 $ 3,352 $ (6,904) $ (12,852) $ (12,852) Six months ended June 30, 2023 2022 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities Unrealized Gains On Interest Rate Swaps Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Adjustment Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at January 1 $ (13,186) $ 53 $ — $ (13,133) $ 4,397 $ 4,397 Other comprehensive income (loss) before reclassifications 2,912 (37) 4,372 7,247 (17,250) (17,250) Amounts reclassified to earnings — — (1,020) (1,020) — — Net current period other comprehensive income (loss) 2,912 (37) 3,352 6,227 (17,250) (17,250) Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 1 1 Balance at June 30 $ (10,272) $ 16 $ 3,352 $ (6,904) $ (12,852) $ (12,852) At June 30, 2023, there were income tax provisions of $1.0 million and less than $0.1 million related to unrealized gains on interest rate swaps and net unrealized gains on available-for-sale marketable debt securities, respectively. At June 30, 2022, there was no income tax benefit or provision on the accumulated other comprehensive income.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with the chief operating decision maker's view of the businesses. In addition, we consider 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. Operating segments are combined for reporting purposes if they meet certain aggregation criteria, such as the Search segment, which principally relate to the similarity of their economic characteristics, or, in the case of the Emerging & Other reportable segment, do not meet the quantitative thresholds that require presentation as separate reportable segments. The following table presents revenue by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Revenue Dotdash Meredith Digital $ 211,972 $ 234,510 $ 396,769 $ 450,675 Print 206,771 260,307 413,787 550,285 Intersegment eliminations (a) (4,745) (5,293) (8,976) (10,965) Total Dotdash Meredith 413,998 489,524 801,580 989,995 Angi Inc. Domestic: Ads and Leads 292,487 341,862 585,993 636,608 Services 29,867 108,232 61,926 184,682 Roofing 24,482 42,650 62,854 79,337 Domestic intersegment eliminations (b) (1,001) (1,950) (2,463) (3,627) Total Domestic 345,835 490,794 708,310 897,000 International 29,233 24,988 59,165 54,941 Total Angi Inc. 375,068 515,782 767,475 951,941 Search 177,036 198,183 329,511 421,568 Emerging & Other 147,903 161,089 301,934 328,083 Intersegment eliminations (2,416) (1,997) (4,640) (3,661) Total $ 1,111,589 $ 1,362,581 $ 2,195,860 $ 2,687,926 The following table presents the revenue of the Company's segments disaggregated by type of service: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Dotdash Meredith Digital: Advertising revenue $ 132,247 $ 157,551 $ 244,064 $ 294,641 Performance marketing revenue 53,510 47,933 103,565 98,038 Licensing and other revenue 26,215 29,026 49,140 57,996 Total digital revenue 211,972 234,510 396,769 450,675 Print: Subscription revenue 76,032 107,679 161,669 238,263 Advertising revenue 57,487 71,266 105,337 143,953 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Project and other revenue 35,566 42,254 63,675 75,279 Newsstand revenue 27,174 35,596 59,420 66,835 Performance marketing revenue 10,512 3,512 23,686 25,955 Total print revenue 206,771 260,307 413,787 550,285 Intersegment eliminations (a) (4,745) (5,293) (8,976) (10,965) Total Dotdash Meredith revenue $ 413,998 $ 489,524 $ 801,580 $ 989,995 (a) Intersegment eliminations primarily related to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print. Angi Inc. Domestic: Ads and Leads: Consumer connection revenue $ 209,013 $ 260,896 $ 421,948 $ 475,243 Advertising revenue 70,047 65,189 137,228 129,091 Membership subscription revenue 13,231 15,554 26,430 31,791 Other revenue 196 223 387 483 Total Ads and Leads revenue 292,487 341,862 585,993 636,608 Services revenue 29,867 108,232 61,926 184,682 Roofing revenue 24,482 42,650 62,854 79,337 Domestic intersegment eliminations (b) (1,001) (1,950) (2,463) (3,627) Total Domestic revenue 345,835 490,794 708,310 897,000 International: Consumer connection revenue 23,371 16,941 48,116 38,744 Service professional membership subscription revenue 5,753 7,758 10,811 15,614 Advertising and other revenue 109 289 238 583 Total International revenue 29,233 24,988 59,165 54,941 Total Angi Inc. revenue $ 375,068 $ 515,782 $ 767,475 $ 951,941 (b) Intersegment eliminations related to Ads and Leads revenue earned from sales to Roofing. Search Advertising revenue: Google advertising revenue $ 166,285 $ 124,846 $ 307,019 $ 274,498 Non-Google advertising revenue 10,097 72,088 21,070 144,077 Total advertising revenue 176,382 196,934 328,089 418,575 Other revenue 654 1,249 1,422 2,993 Total Search revenue $ 177,036 $ 198,183 $ 329,511 $ 421,568 Emerging & Other Subscription revenue $ 85,919 $ 92,770 $ 172,319 $ 187,317 Marketplace revenue 50,248 62,617 108,667 128,734 Media production and distribution revenue 7,110 58 10,725 604 Advertising revenue: Non-Google advertising revenue 3,458 3,940 6,357 7,663 Google advertising revenue 272 516 535 1,124 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Total advertising revenue 3,730 4,456 6,892 8,787 Service and other revenue 896 1,188 3,331 2,641 Total Emerging & Other revenue $ 147,903 $ 161,089 $ 301,934 $ 328,083 Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Revenue: United States $ 991,677 $ 1,270,088 $ 1,966,105 $ 2,474,436 All other countries 119,912 92,493 229,755 213,490 Total $ 1,111,589 $ 1,362,581 $ 2,195,860 $ 2,687,926 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill, intangible assets and ROU assets): United States $ 488,722 $ 502,977 All other countries 5,905 7,637 Total $ 494,627 $ 510,614 The following tables present operating income (loss) and Adjusted EBITDA by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Operating income (loss): Dotdash Meredith Digital $ 6,059 $ 11,096 $ (11,828) $ 9,228 Print (944) (20,099) (6,700) (58,434) Other (c)(d) (22,935) (18,504) (110,526) (34,546) Total Dotdash Meredith (e) (17,820) (27,507) (129,054) (83,752) Angi Inc. Ads and Leads 4,791 23,292 18,271 38,778 Services (5,175) (21,051) (17,627) (46,801) Roofing (1,302) (3,789) (891) (9,939) Other (c) (16,568) (18,091) (31,507) (31,113) International 1,571 (1,247) 4,601 (5,768) Total Angi Inc. (16,683) (20,886) (27,153) (54,843) Search 13,961 26,297 24,731 51,376 Emerging & Other 3,353 (107,781) 14,798 (112,825) Corporate (38,284) (36,263) (74,391) (74,910) Total $ (55,473) $ (166,140) $ (191,069) $ (274,954) _____________________ (c) Other comprises unallocated corporate expenses. (d) Includes write-off of certain leasehold improvements and furniture and equipment of $4.2 million for the three and six months ended June 30, 2023 and impairment charges of $70.0 million related to unoccupied leased office space for the six months ended June 30, 2023, of which $4.2 million and $29.6 million is included in "Depreciation" in the statement of operations for the three and six months ended June 30, 2023, respectively. See " Note 3—Financial Instruments and Fair Value Measurements " for additional information on the impairment charges. (e) Dotdash Meredith incurred restructuring charges of $13.7 million and $36.1 million and transaction-related expenses of $1.2 million and $5.2 million in connection with the acquisition of Meredith in the three and six months ended June 30, 2022, respectively. See " Note 2—Dotdash Meredith Restructuring Charges and Transaction-Related Expenses " for additional information. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Adjusted EBITDA (f) : Dotdash Meredith (e) Digital $ 50,834 $ 51,316 $ 75,237 $ 86,116 Print $ 17,410 $ 6,265 $ 28,744 $ (4,215) Other (c)(g) $ (14,152) $ (18,414) $ (73,006) $ (34,200) Angi Inc. Ads and Leads $ 28,155 $ 42,164 $ 68,006 $ 76,489 Services $ 1,700 $ (13,913) $ (468) $ (32,480) Roofing $ (1,294) $ (3,090) $ (473) $ (8,116) Other (c) $ (13,109) $ (15,102) $ (25,463) $ (25,552) International $ 2,837 $ (370) $ 7,191 $ (3,821) Search $ 13,982 $ 26,317 $ 24,773 $ 51,417 Emerging & Other $ 6,309 $ (17,060) $ 21,087 $ (16,144) Corporate $ (22,486) $ (20,716) $ (46,319) $ (44,410) _____________________ (f) The Company's primary financial measure and GAAP segment measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. (g) Includes impairment charges of $44.7 million related to unoccupied leased office space for the six months ended June 30, 2023. See " Note 3—Financial Instruments and Fair Value Measurements " for additional information. The following tables reconcile operating income (loss) for the Company's reportable segments and net (loss) earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended June 30, 2023 Operating Income (Loss) (d) Stock-based Depreciation (d) Amortization Adjusted EBITDA (f) (In thousands) Dotdash Meredith Digital $ 6,059 $ 2,092 $ 7,332 $ 35,351 $ 50,834 Print (944) $ 376 $ 3,855 $ 14,123 $ 17,410 Other (c) (22,935) $ 3,102 $ 5,681 $ — $ (14,152) Angi Inc. Ads and Leads 4,791 $ 5,307 $ 15,394 $ 2,663 $ 28,155 Services (5,175) $ 1,192 $ 5,683 $ — $ 1,700 Roofing (1,302) $ (167) $ 175 $ — $ (1,294) Other (c) (16,568) $ 3,459 $ — $ — $ (13,109) International 1,571 $ 339 $ 927 $ — $ 2,837 Search 13,961 $ — $ 21 $ — $ 13,982 Emerging & Other 3,353 $ 355 $ 555 $ 2,046 $ 6,309 Corporate (h) (38,284) $ 14,138 $ 1,660 $ — $ (22,486) Total (55,473) Interest expense (39,077) Unrealized loss on investment in MGM Resorts International (32,362) Other income, net 10,985 Loss before income taxes (115,927) Income tax benefit 24,297 Net loss (91,630) Net loss attributable to noncontrolling interests 2,585 Net loss attributable to IAC shareholders $ (89,045) _____________________ (h) Includes stock-based compensation expense for stock-based awards granted to employees of Corporate, Search and all Emerging & Other businesses other than Vivian Health. Three Months Ended June 30, 2022 Operating Income (Loss) (e) Stock-based Depreciation Amortization Goodwill Impairment Adjusted EBITDA (e)(f) (In thousands) Dotdash Meredith Digital $ 11,096 $ 4,879 $ 8,203 $ 27,138 $ — $ 51,316 Print (20,099) $ 204 $ 4,632 $ 21,528 $ — $ 6,265 Other (c) (18,504) $ 27 $ 63 $ — $ — $ (18,414) Angi Inc. Ads and Leads 23,292 $ 5,404 $ 10,805 $ 2,663 $ — $ 42,164 Services (21,051) $ 4,513 $ 1,650 $ 975 $ — $ (13,913) Roofing (3,789) $ 385 $ 148 $ 166 $ — $ (3,090) Other (c) (18,091) $ 2,989 $ — $ — $ — $ (15,102) International (1,247) $ 126 $ 751 $ — $ — $ (370) Search 26,297 $ — $ 20 $ — $ — $ 26,317 Emerging & Other (107,781) $ 83 $ 279 $ 3,611 $ 86,748 $ (17,060) Corporate (h) (36,263) $ 13,046 $ 2,501 $ — $ — $ (20,716) Total (166,140) Interest expense (23,517) Unrealized loss on investment in MGM Resorts International (825,305) Other expense, net (89,425) Loss before income taxes (1,104,387) Income tax benefit 228,988 Net loss (875,399) Net loss attributable to noncontrolling interests 6,269 Net loss attributable to IAC shareholders $ (869,130) Six Months Ended June 30, 2023 Operating (Loss) Income (d) Stock-based Depreciation (d) Amortization Adjusted EBITDA (f)(g) (In thousands) Dotdash Meredith Digital $ (11,828) $ 3,787 $ 12,576 $ 70,702 $ 75,237 Print (6,700) $ 522 $ 6,490 $ 28,432 $ 28,744 Other (c) (110,526) $ 6,352 $ 31,168 $ — $ (73,006) Angi Inc. Ads and Leads 18,271 $ 10,798 $ 33,612 $ 5,325 $ 68,006 Services (17,627) $ 5,401 $ 11,758 $ — $ (468) Roofing (891) $ (2) $ 420 $ — $ (473) Other (c) (31,507) $ 6,044 $ — $ — $ (25,463) International 4,601 $ 766 $ 1,824 $ — $ 7,191 Search 24,731 $ — $ 42 $ — $ 24,773 Emerging & Other 14,798 $ 707 $ 1,252 $ 4,330 $ 21,087 Corporate (h) (74,391) $ 24,759 $ 3,313 $ — $ (46,319) Total (191,069) Interest expense (77,249) Unrealized gain on investment in MGM Resorts International 672,478 Other income, net 34,734 Earnings before income taxes 438,894 Income tax provision (115,205) Net earnings 323,689 Net loss attributable to noncontrolling interests 5,041 Net earnings attributable to IAC shareholders $ 328,730 Six Months Ended June 30, 2022 Operating Income (Loss) (e) Stock-based Depreciation Amortization Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (e)(f) (In thousands) Dotdash Meredith Digital $ 9,228 $ 9,075 $ 15,692 $ 52,733 $ (612) $ — $ 86,116 Print (58,434) $ 268 $ 10,164 $ 43,787 $ — $ — $ (4,215) Other (c) (34,546) $ 39 $ 307 $ — $ — $ — $ (34,200) Angi Inc. Ads and Leads 38,778 $ 10,324 $ 22,062 $ 5,325 $ — $ — $ 76,489 Services (46,801) $ 9,053 $ 3,318 $ 1,950 $ — $ — $ (32,480) Roofing (9,939) $ 1,215 $ 275 $ 333 $ — $ — $ (8,116) Other (c) (31,113) $ 5,561 $ — $ — $ — $ — $ (25,552) International (5,768) $ 249 $ 1,698 $ — $ — $ — $ (3,821) Search 51,376 $ — $ 41 $ — $ — $ — $ 51,417 Emerging & Other (112,825) $ 108 $ 682 $ 9,143 $ — $ 86,748 $ (16,144) Corporate (h) (74,910) $ 25,451 $ 5,049 $ — $ — $ — $ (44,410) Total (274,954) Interest expense (45,429) Unrealized loss on investment in MGM Resorts International (1,012,635) Other expense, net (82,726) Loss before income taxes (1,415,744) Income tax benefit 299,452 Net loss (1,116,292) Net loss attributable to noncontrolling interests 11,364 Net loss attributable to IAC shareholders $ (1,104,928)

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFIT PLANS	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
PENSION AND POSTRETIREMENT BENEFIT PLANS	PENSION AND POSTRETIREMENT BENEFIT PLANS The following tables present the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 55 $ — $ 1 $ 108 $ — $ 2 Interest cost 826 4,921 58 1,697 9,698 116 Expected return on plan assets (633) (4,916) — (1,134) (9,687) — Actuarial gain recognition (404) — — (164) — — Net periodic benefit (credit) cost $ (156) $ 5 $ 59 $ 507 $ 11 $ 118 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 907 $ — $ 1 $ 1,889 $ — $ 3 Interest cost 1,188 3,799 67 1,887 7,074 134 Expected return on plan assets (598) (3,792) — (2,176) (8,416) — Actuarial (gain) loss recognition (2,399) 43,564 — 10,133 68,552 — Net periodic benefit (credit) cost $ (902) $ 43,571 $ 68 $ 11,733 $ 67,210 $ 137 Settlements during the three and six months ended June 30, 2023 triggered remeasurements of the pension plans in the U.S. The actuarial gain of $0.4 million for the three months ended June 30, 2023 primarily relates to investment performance and an increase in the discount rate. The actuarial gain of $0.2 million for the six months ended June 30, 2023 primarily relates to investment performance, partially offset by a loss due to an adjustment in plan demographics. Settlements during the three and six months ended June 30, 2022 triggered remeasurements of Meredith's funded pension plans in the United Kingdom ("U.K.") and U.S. The U.K. actuarial losses of $43.6 million and $68.6 million for the three and six months ended June 30, 2022, respectively, primarily relate to the decline in the fair value of the U.K. pension plan's assets exceeding the decline in the plan liabilities, in each case due to higher interest rates. The U.S. actuarial gain of $2.4 million for the three months ended June 30, 2022 primarily relates to the revaluation of an annuity contract, partially offset by a loss due to the decline in the fair value of the U.S. pension plan's assets exceeding the decline in the plan liabilities. The U.S. actuarial loss of $10.1 million for the six months ended June 30, 2022 primarily relates to the decline in the fair value of plan assets. The following table summarizes the weighted average expected return on plan assets used to determine the net periodic benefit costs at June 30, 2023, following the remeasurements, and December 31, 2022, respectively: June 30, 2023 December 31, 2022 Pension Domestic Domestic Expected return on plan assets 4.31 % 2.80 %

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXESAt 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 June 30, 2023 was a benefit of $2.0 million due to a higher estimated annual effective tax rate from that applied to the first quarter's ordinary loss from continuing operations. The higher estimated annual effective rate was primarily due to the reduced impact that forecasted nondeductible compensation expense had on the increase in forecasted ordinary pre-tax losses. For the three and six months ended June 30, 2023, the Company recorded an income tax benefit of $24.3 million and an income tax provision of $115.2 million, respectively, which represents an effective income tax rate of 21% and 26%,respectively. For the three months ended June 30, 2023, the effective income tax rate was the same as the statutory rate of 21% due primarily to nondeductible compensation expense and foreign income taxed at different statutory rates, offset by research credits, the realization of a capital loss and a change in forecasted rate. For the six months ended June 30, 2023, the effective income tax rate was higher than the statutory rate of 21% due primarily to state taxes and nondeductible compensation expense, partially offset by research credits. For the three and six months ended June 30, 2022, the Company recorded an income tax benefit of $229.0 million and $299.5 million, respectively, which represents an effective income tax rate of 21% for both periods. For the three months ended June 30, 2022, the effective income tax rate was the same as the statutory income tax rate of 21% due primarily to state taxes, offset by the non-deductible portion of the Mosaic Group goodwill impairment charge. For the six months ended June 30, 2022, the effective income tax rate was the same as the statutory rate of 21% due primarily to state taxes, offset by the non-deductible portion of the Mosaic Group goodwill impairment charge and non-deductible 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 and penalties are not material. The Company's income taxes are routinely under audit by federal, state, local and foreign authorities as a result of previously filed separate company and consolidated tax returns for periods prior to the June 30, 2020 separation of IAC from Match Group (the "Match Separation") and for its tax returns filed on a standalone basis following the Match Separation. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. On June 27, 2023, the Joint Committee of Taxation completed its review of the federal income tax returns for the years ended December 31, 2013 through 2019, which include the operations of the Company, and approved the audit settlement previously agreed to with the Internal Revenue Services ("IRS"). The statute of limitations for the years 2013 through 2019 expires on December 31, 2023. The resolution of this IRS examination will result in a net liability to Match Group of $2.5 million excluding interest, which was previously accrued. Returns filed in various other jurisdictions are open to examination for tax years beginning with 2013. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from the examination of prior year tax returns. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on 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. At June 30, 2023 and December 31, 2022, unrecognized tax benefits, including interest and penalties, were $18.1 million and $16.6 million, respectively. Unrecognized tax benefits, including interest and penalties, at June 30, 2023 increased by $1.5 million due primarily to research credits, partially offset by settlements. If unrecognized tax benefits at June 30, 2023 are subsequently recognized, $17.0 million, net of related deferred tax assets and interest, would reduce income tax expense. The comparable amount at December 31, 2022 was $15.4 million. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $1.3 million by June 30, 2024 due to expected settlements of which $1.0 million would reduce the income tax provision.

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
(LOSS) EARNINGS PER SHARE	(LOSS) EARNINGS PER SHARE The Company treats its common stock and Class B common stock as one class of stock for net earnings (loss) per share ("EPS") purposes as both classes of stock participate in earnings, dividends and other distributions on the same basis. The restricted stock award granted to our Chief Executive Officer ("CEO") on November 5, 2020 is a participating security and the Company calculates basic EPS using the two-class method since those restricted shares are unvested and have a non-forfeitable dividend right in the event the Company declares a cash dividend on common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Diluted EPS is calculated, on the most dilutive basis, which excludes awards that would be anti-dilutive, including the restricted stock award granted to our CEO. Undistributed earnings allocated to the participating security is subtracted from earnings in determining earnings attributable to holders of IAC common stock and Class B common stock for basic EPS. Basic EPS is computed by dividing net earnings (loss) attributable to holders of IAC common stock and Class B common stock by the weighted-average number of shares of common stock and Class B common stock outstanding during the period. For the calculation of diluted EPS, net earnings (loss) attributable to holders of IAC common stock and Class B common stock is adjusted for the impact from our public subsidiary's dilutive securities, if applicable, and the reallocation of undistributed earnings allocated to the participating security by the weighted-average number of common stock and Class B common stock outstanding plus dilutive securities during the period. The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands, except per share data) Basic EPS: Numerator: Net (loss) earnings $ (91,630) $ (875,399) $ 323,689 $ (1,116,292) Net loss attributable to noncontrolling interests 2,585 6,269 5,041 11,364 Net earnings attributed to unvested participating security — — (11,296) — Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders $ (89,045) $ (869,130) $ 317,434 $ (1,104,928) Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 83,081 86,748 84,301 86,766 (Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders: (Loss) earnings per share $ (1.07) $ (10.02) $ 3.77 $ (12.73) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands, except per share data) Diluted EPS: Numerator: Net (loss) earnings $ (91,630) $ (875,399) $ 323,689 $ (1,116,292) Net loss attributable to noncontrolling interests 2,585 6,269 5,041 11,364 Net earnings attributed to unvested participating security — — (10,935) — Impact from public subsidiaries' dilutive securities (b) — — — — Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders $ (89,045) $ (869,130) $ 317,795 $ (1,104,928) Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 83,081 86,748 84,301 86,766 Dilutive securities (b)(c)(d) — — 2,889 — Denominator for earnings per share—weighted average shares (b)(c)(d) 83,081 86,748 87,190 86,766 (Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders: (Loss) earnings per share $ (1.07) $ (10.02) $ 3.64 $ (12.73) _____________________ (a) On November 5, 2020, IAC's CEO was granted a stock-based award in the form of 3.0 million shares of restricted common stock. The number of shares that ultimately vests is subject to the satisfaction of growth targets in IAC's stock price over the 10-year service condition of the award. These restricted shares have a non-forfeitable dividend right in the event the Company declares a cash dividend on its common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Accordingly, the two-class method of calculating EPS is used. While the restricted shares are presented as outstanding shares in the balance sheet, these shares are excluded from the weighted average shares outstanding in calculating basic EPS and the allocable portion of net earnings are also excluded. Fully diluted EPS reflects the impact on earnings and fully diluted shares in the manner that is most dilutive. (b) IAC has the option to settle certain Angi Inc. stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi Inc.'s dilutive securities in IAC common shares. For the three and six months ended June 30, 2023 and 2022, these Angi Inc. equity awards were anti-dilutive. (c) 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 common stock and restricted stock units ("RSUs"). For the six months ended June 30, 2023, 3.3 million potentially dilutive securities were excluded from computing diluted EPS because the impact would have been anti-dilutive. (d) For the three months ended June 30, 2023 and for the three and six months ended June 30, 2022, the Company had a loss from operations and, as a result, approximately 8.0 million and 8.1 million potentially dilutive securities, respectively, were excluded from computing diluted EPS because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute the EPS amounts for the three months ended June 30, 2023 and for the three and six months ended June 30, 2022.

FINANCIAL STATEMENT DETAILS

FINANCIAL STATEMENT DETAILS	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
FINANCIAL STATEMENT DETAILS	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 balance sheet to the total amounts shown in the statement of cash flows: June 30, 2023 December 31, 2022 June 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 1,326,988 $ 1,417,390 $ 1,796,202 $ 2,118,730 Restricted cash included in other current assets 8,126 1,165 16,882 1,941 Restricted cash included in other non-current assets 381 7,514 7,617 1,193 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,335,495 $ 1,426,069 $ 1,820,701 $ 2,121,864 Restricted cash included in "Other current assets" in the balance sheet at June 30, 2023 primarily consists of cash held in escrow related to the funded pension plan in the U.K and cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at June 30, 2023 consists of deposits related to leases. Restricted cash included in "Other current assets" in the balance sheet at December 31, 2022 includes cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at December 31, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K. as well as a check endorsement guarantee at the Roofing segment and deposits related to leases. Restricted cash included in "Other current assets" in the balance sheet at June 30, 2022 primarily consists of cash received from Care.com’s payment solutions customers for payroll and related taxes, which were remitted subsequent to period end. Restricted cash included in "Other non-current assets" in the balance sheet at June 30, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K. as well as a check endorsement guarantee at the Roofing segment and deposits related to leases. Restricted cash included in "Other current assets" in the balance sheet at December 31, 2021 primarily consists of cash held in escrow related to the funded pension plan in the U.K. Restricted cash included in "Other non-current assets" in the balance sheet at December 31, 2021 consists of deposits related to leases and a check endorsement guarantee at the Roofing segment. Credit Losses The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2023 and 2022, respectively: 2023 2022 (In thousands) Balance at January 1 $ 50,971 $ 36,556 Current period provision for credit losses 48,608 51,710 Write-offs charged against the allowance (55,198) (41,646) Recoveries collected 3,070 2,710 Other (143) 185 Balance at June 30 $ 47,308 $ 49,515 Accumulated Amortization and Depreciation The following table provides the accumulated amortization and depreciation within the balance sheet: Asset Category June 30, 2023 December 31, 2022 (In thousands) Right-of-use assets included in other non-current assets $ 230,118 $ 157,650 Capitalized software, equipment, buildings and leasehold improvements $ 320,722 $ 274,473 Intangible assets $ 690,303 $ 582,063 Other income (expense), net Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Interest income $ 17,340 $ 2,442 $ 34,270 $ 3,140 Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values 2,649 (21,635) 1,348 (20,096) Foreign exchange gains (losses), net 1,572 (4,655) 2,081 (6,229) Unrealized gain (loss) related to marketable equity securities 1,262 (28,696) 112 5,656 Net periodic pension benefit credit (cost), other than the service cost component (a) 148 (41,829) (526) (77,188) Unrealized (decrease) increase in the estimated fair value of a warrant (13,672) 4,866 (7,732) 12,851 Other 1,686 82 5,181 (860) Other income (expense), net $ 10,985 $ (89,425) $ 34,734 $ (82,726) _____________________ (a) Includes pre-tax actuarial gains of $0.4 million and $0.2 million for the three and six months ended June 30, 2023, respectively, related to the pension plans in the U.S. and pre-tax actuarial losses of $41.2 million and $78.7 million for the three and six months ended June 30, 2022, respectively, related to the funded pension plans in the U.K. and the U.S. See " Note 7—Pension and Postretirement Benefit Plans " for additional information.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 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. 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 8—Income Taxes " for information related to uncertain income tax positions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS IAC and Angi Inc. Allocation of CEO Compensation and Certain Expenses Joseph Levin, CEO of IAC and Chairman of Angi Inc., was appointed CEO of Angi Inc. on October 10, 2022. As a result, for the three and six months ended June 30, 2023, IAC allocated $2.3 million and $4.6 million, respectively, in costs to Angi Inc. (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 Inc. by Mr. Levin. Management considers the allocation method to be reasonable. The allocated costs also include costs directly attributable to Angi Inc. that were initially paid for by IAC and billed by IAC to Angi Inc. The Combination and Related Agreements The Company and Angi Inc., in connection with the transaction resulting in the formation of Angi Inc. in 2017, which is referred to as the "Combination," 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. IAC and Vimeo Inc. ("Vimeo") Following the spin-off of Vimeo from IAC, the relationship between IAC and Vimeo is governed by several agreements, which include a separation agreement, a tax matters agreement, a transition services agreement (which expired in 2022), an employee matters agreement and office lease agreements. The Company and Vimeo are related parties because Mr. Diller is the beneficial owner of more than 10% of the voting interests in both IAC and Vimeo. The Company has an outstanding receivable of $0.8 million at both June 30, 2023 and December 31, 2022, respectively, due from Vimeo pursuant to the separation agreement. This amount is included in "Other current assets" in the balance sheet. The Company charged Vimeo rent pursuant to lease agreements of $0.8 million and $1.7 million for the three and six months ended June 30, 2023, respectively, and $1.4 million and $3.0 million for the three and six months ended June 30, 2022, respectively. At June 30, 2023, the Company has an outstanding receivable of $0.2 million due from Vimeo pursuant to the lease agreements. This amount is included in "Other non-current assets" in the balance sheet. At December 31, 2022, there were no outstanding receivables due from Vimeo pursuant to the lease agreements. IAC and Expedia At June 30, 2023, the Company and Expedia each had a 50% ownership interest in two aircraft that may be used by both companies. Members of the aircraft flight crews are employed by an entity in which the Company and Expedia each have a 50% ownership interest. The Company and Expedia have agreed to share costs relating to flight crew compensation and benefits pro-rata according to each company’s respective usage of the aircraft, for which they are separately billed by the entity described above. The Company and Expedia are related parties because Mr. Diller serves as Chairman and Senior Executive of both IAC and Expedia. For the three and six months ended June 30, 2023 and 2022, total payments made to this entity by the Company were not material.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ (89,045)	$ (869,130)	$ 328,730	$ (1,104,928)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations IAC today consists of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, among others ranging from early stage to established businesses. As used herein, "IAC," the "Company," "we," "our," "us" and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise).
Basis of Presentation	Basis of Presentation 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. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The 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, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity 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 capitalized software, equipment, buildings and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; the fair value of acquisition-related contingent consideration arrangements; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
Interest Rate Swaps	Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from floating rate to fixed rate to manage interest rate risk exposure beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification 815, Derivatives and Hedging . As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See " Note 4—Long-term Debt " for additional information.
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 services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. From January 1, 2020 through December 31, 2022, Services recorded revenue on a gross basis. Effective January 1, 2023, Angi Inc. 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 Angi Inc.'s performance obligation to the consumer is to connect them with the service professional. This change in contractual terms requires revenue to 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 six months ended June 30, 2022, if Services revenue were recorded on a net basis, revenue would have been reduced by $71.1 million and $122.8 million, respectively. The Company's disaggregated revenue disclosures are presented in " Note 6—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. The current and non-current deferred revenue balances were $160.8 million and $0.1 million, respectively, at June 30, 2023, and $157.1 million and $0.2 million, respectively, at December 31, 2022. During the six months ended June 30, 2023, the Company recognized $127.3 million of revenue that was included in the deferred revenue balance at December 31, 2022. During the six months ended June 30, 2022, the Company recognized $125.2 million of revenue that was included in the deferred revenue balance at December 31, 2021. The current and non-current deferred revenue balances were $165.5 million and $0.4 million, respectively, at December 31, 2021. Non-current deferred revenue is included in "Other long-term liabilities" in the 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 FASB Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASU No. 2014-09 , the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, 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 it has the right to invoice for services performed.
Certain Risks and Concentrations - Services Agreement with Google (the "Services Agreement")	Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A meaningful portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google.
Recent Accounting Pronouncements	Recent Accounting PronouncementsThere are no recently issued accounting pronouncements 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.

DOTDASH MEREDITH RESTRUCTURIN_2

DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Remaining Costs	A summary of the costs incurred, payments and related accruals is presented below. The Company anticipates the estimated remaining costs associated with the 2022 restructuring events will be paid by December 31, 2023 from existing cash on hand. Six Months Ended June 30, 2023 Accrued December 31, 2022 Charges Incurred Reversal of Initial Cost Payments Accrued June 30, 2023 Cumulative Charges Incurred Estimated Remaining Costs (In thousands) Digital $ 10,950 $ 1,291 $ (954) $ (8,081) $ 3,206 $ 39,562 $ — Print 12,055 983 (1,492) (7,226) 4,320 32,923 58 Other (a) 4,389 620 (264) (3,077) 1,668 7,937 58 Total $ 27,394 $ 2,894 $ (2,710) $ (18,384) $ 9,194 $ 80,422 $ 116 _____________________ (a) Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments. Six Months Ended June 30, 2022 Charges Incurred Payments Non-cash (b) Accrued June 30, 2022 (In thousands) Digital $ 7,181 $ (2,972) $ — $ 4,209 Print 24,360 (10,457) (425) 13,478 Other (a) 4,548 (780) — 3,768 Total $ 36,089 $ (14,209) $ (425) $ 21,455 _____________________ (b) Includes $0.4 million related to the write-off of inventory.
Schedule of Restructuring Cost Allocation	The costs are allocated as follows in the statement of operations : Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Cost of revenue $ 142 $ 4,419 $ 699 $ 16,601 Selling and marketing expense 321 4,016 (541) 9,615 General and administrative expense (180) 4,545 63 8,858 Product development expense (58) 672 (37) 1,015 Total $ 225 $ 13,652 $ 184 $ 36,089

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Marketable Securities	At June 30, 2023 and December 31, 2022, the fair value of marketable securities are as follows: June 30, 2023 December 31, 2022 (In thousands) Marketable equity securities $ 4,429 $ 4,317 Available-for-sale marketable debt securities 111,130 235,056 Total marketable securities $ 115,559 $ 239,373
Schedule of Current Available-for-sale Marketable Securities	At June 30, 2023 and December 31, 2022, current available-for-sale marketable debt securities are as follows: June 30, 2023 December 31, 2022 Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 111,109 $ 23 $ (2) $ 111,130 $ 234,987 $ 75 $ (6) $ 235,056 Total available-for-sale marketable debt securities $ 111,109 $ 23 $ (2) $ 111,130 $ 234,987 $ 75 $ (6) $ 235,056
Schedule of Investment in MGM Resorts International	Investment in MGM Resorts International June 30, 2023 December 31, 2022 (In thousands) Investment in MGM Resorts International $ 2,842,661 $ 2,170,182
Schedule of Long-term Investments	Long-term investments consist of: June 30, 2023 December 31, 2022 (In thousands) Equity securities without readily determinable fair values $ 426,938 $ 323,530 Equity method investment 4,839 2,191 Total long-term investments $ 431,777 $ 325,721
Schedule of Realized and Unrealized Gains and Losses	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Upward adjustments (gross unrealized pre-tax gains) $ 2,227 $ — $ 2,227 $ — Downward adjustments including impairments (gross unrealized pre-tax losses) (373) (22,376) (1,195) (22,376) Total $ 1,854 $ (22,376) $ 1,032 $ (22,376) Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three and six months ended June 30, 2023 and 2022 are as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Realized pre-tax gains (losses), net, for equity securities sold $ 993 $ (6) $ 1,000 $ 462 Unrealized pre-tax gains (losses), net, on equity securities held 1,854 (22,376) 1,032 (22,376) Total pre-tax gains (losses), net recognized $ 2,847 $ (22,382) $ 2,032 $ (21,914)
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: June 30, 2023 Quoted Market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 1,000,932 $ — $ — $ 1,000,932 Treasury discount notes — 24,871 — 24,871 Time deposits — 17,964 — 17,964 Marketable securities: Marketable equity securities 4,429 — — 4,429 Treasury discount notes — 111,130 — 111,130 Investment in MGM 2,842,661 — — 2,842,661 Other non-current assets: Warrant — — 39,068 39,068 Interest rate swaps (a) — 4,389 — 4,389 Total $ 3,848,022 $ 158,354 $ 39,068 $ 4,045,444 _____________________ (a) Interest rate swaps relate to the $350 million notional amount of Dotdash Meredith's Term Loan B and are included in "Other non-current assets" in the balance sheet. See " Note 1—The Company and Summary of Significant Accounting Policies " and " Note 4—Long-term Debt " for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs. December 31, 2022 Quoted Market Significant Significant Total (In thousands) Assets: Cash equivalents: Money market funds $ 862,829 $ — $ — $ 862,829 Treasury discount notes — 137,219 — 137,219 Time deposits — 16,018 — 16,018 Marketable securities: Marketable equity securities 4,317 — — 4,317 Treasury discount notes — 235,056 — 235,056 Investment in MGM 2,170,182 — — 2,170,182 Other non-current assets: Warrant — — 46,799 46,799 Total $ 3,037,328 $ 388,293 $ 46,799 $ 3,472,420
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended June 30, 2023 2022 Warrant Warrant (In thousands) Balance at April 1 $ 52,739 $ 117,279 Total net (losses) gains: Fair value adjustments included in earnings (13,671) 4,866 Balance at June 30 $ 39,068 $ 122,145 Six months ended June 30, 2023 2022 Warrant Warrant Contingent (In thousands) Balance at January 1 $ 46,799 $ 109,294 $ (612) Total net (losses) gains: Fair value adjustments included in earnings (7,731) 12,851 612 Balance at June 30 $ 39,068 $ 122,145 $ —
Schedule of Carrying Value and the Fair Value of Financial Instruments Measured at Fair Value Only for Disclosure Purposes	The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes: June 30, 2023 December 31, 2022 Carrying Fair Carrying Fair (In thousands) Current portion of long-term debt $ (30,000) $ (27,769) $ (30,000) $ (26,700) Long-term debt, net (a) $ (2,006,456) $ (1,803,172) $ (2,019,759) $ (1,708,413) _____________________ (a) At June 30, 2023 and December 31, 2022, the carrying value of long-term debt, net includes unamortized original issue discount and debt issuance costs of $18.5 million and $20.2 million, respectively .

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: June 30, 2023 December 31, 2022 (In thousands) Dotdash Meredith Debt Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026 $ 323,750 $ 332,500 Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028 1,231,250 1,237,500 Total Dotdash Meredith long-term debt 1,555,000 1,570,000 Less: current portion of Dotdash Meredith long-term debt 30,000 30,000 Less: original issue discount 4,890 5,310 Less: unamortized debt issuance costs 9,314 10,215 Total Dotdash Meredith long-term debt, net 1,510,796 1,524,475 ANGI Group Debt 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 4,340 4,716 Total ANGI Group long-term debt, net 495,660 495,284 Total long-term debt, net $ 2,006,456 $ 2,019,759

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables present the components of accumulated other comprehensive loss. Three months ended June 30, 2023 2022 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities Unrealized (Losses) Gains On Interest Rate Swaps Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Adjustment Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at April 1 $ (12,381) $ 27 $ (2,287) $ (14,641) $ 765 $ 765 Other comprehensive income (loss) before reclassifications 2,109 (11) 6,659 8,757 (13,616) (13,616) Amounts reclassified to earnings — — (1,020) (1,020) — — Net current period other comprehensive income (loss) 2,109 (11) 5,639 7,737 (13,616) (13,616) Accumulated other comprehensive income allocated to noncontrolling interests during the period — — — — (1) (1) Balance at June 30 $ (10,272) $ 16 $ 3,352 $ (6,904) $ (12,852) $ (12,852) Six months ended June 30, 2023 2022 Foreign Currency Translation Adjustment Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities Unrealized Gains On Interest Rate Swaps Accumulated Other Comprehensive (Loss) Income Foreign Currency Translation Adjustment Accumulated Other Comprehensive Income (Loss) (In thousands) Balance at January 1 $ (13,186) $ 53 $ — $ (13,133) $ 4,397 $ 4,397 Other comprehensive income (loss) before reclassifications 2,912 (37) 4,372 7,247 (17,250) (17,250) Amounts reclassified to earnings — — (1,020) (1,020) — — Net current period other comprehensive income (loss) 2,912 (37) 3,352 6,227 (17,250) (17,250) Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 1 1 Balance at June 30 $ (10,272) $ 16 $ 3,352 $ (6,904) $ (12,852) $ (12,852)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table presents revenue by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Revenue Dotdash Meredith Digital $ 211,972 $ 234,510 $ 396,769 $ 450,675 Print 206,771 260,307 413,787 550,285 Intersegment eliminations (a) (4,745) (5,293) (8,976) (10,965) Total Dotdash Meredith 413,998 489,524 801,580 989,995 Angi Inc. Domestic: Ads and Leads 292,487 341,862 585,993 636,608 Services 29,867 108,232 61,926 184,682 Roofing 24,482 42,650 62,854 79,337 Domestic intersegment eliminations (b) (1,001) (1,950) (2,463) (3,627) Total Domestic 345,835 490,794 708,310 897,000 International 29,233 24,988 59,165 54,941 Total Angi Inc. 375,068 515,782 767,475 951,941 Search 177,036 198,183 329,511 421,568 Emerging & Other 147,903 161,089 301,934 328,083 Intersegment eliminations (2,416) (1,997) (4,640) (3,661) Total $ 1,111,589 $ 1,362,581 $ 2,195,860 $ 2,687,926 The following tables present operating income (loss) and Adjusted EBITDA by reportable segment: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Operating income (loss): Dotdash Meredith Digital $ 6,059 $ 11,096 $ (11,828) $ 9,228 Print (944) (20,099) (6,700) (58,434) Other (c)(d) (22,935) (18,504) (110,526) (34,546) Total Dotdash Meredith (e) (17,820) (27,507) (129,054) (83,752) Angi Inc. Ads and Leads 4,791 23,292 18,271 38,778 Services (5,175) (21,051) (17,627) (46,801) Roofing (1,302) (3,789) (891) (9,939) Other (c) (16,568) (18,091) (31,507) (31,113) International 1,571 (1,247) 4,601 (5,768) Total Angi Inc. (16,683) (20,886) (27,153) (54,843) Search 13,961 26,297 24,731 51,376 Emerging & Other 3,353 (107,781) 14,798 (112,825) Corporate (38,284) (36,263) (74,391) (74,910) Total $ (55,473) $ (166,140) $ (191,069) $ (274,954) _____________________ (c) Other comprises unallocated corporate expenses. (d) Includes write-off of certain leasehold improvements and furniture and equipment of $4.2 million for the three and six months ended June 30, 2023 and impairment charges of $70.0 million related to unoccupied leased office space for the six months ended June 30, 2023, of which $4.2 million and $29.6 million is included in "Depreciation" in the statement of operations for the three and six months ended June 30, 2023, respectively. See " Note 3—Financial Instruments and Fair Value Measurements " for additional information on the impairment charges. (e) Dotdash Meredith incurred restructuring charges of $13.7 million and $36.1 million and transaction-related expenses of $1.2 million and $5.2 million in connection with the acquisition of Meredith in the three and six months ended June 30, 2022, respectively. See " Note 2—Dotdash Meredith Restructuring Charges and Transaction-Related Expenses " for additional information. Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Adjusted EBITDA (f) : Dotdash Meredith (e) Digital $ 50,834 $ 51,316 $ 75,237 $ 86,116 Print $ 17,410 $ 6,265 $ 28,744 $ (4,215) Other (c)(g) $ (14,152) $ (18,414) $ (73,006) $ (34,200) Angi Inc. Ads and Leads $ 28,155 $ 42,164 $ 68,006 $ 76,489 Services $ 1,700 $ (13,913) $ (468) $ (32,480) Roofing $ (1,294) $ (3,090) $ (473) $ (8,116) Other (c) $ (13,109) $ (15,102) $ (25,463) $ (25,552) International $ 2,837 $ (370) $ 7,191 $ (3,821) Search $ 13,982 $ 26,317 $ 24,773 $ 51,417 Emerging & Other $ 6,309 $ (17,060) $ 21,087 $ (16,144) Corporate $ (22,486) $ (20,716) $ (46,319) $ (44,410) _____________________ (f) The Company's primary financial measure and GAAP segment measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. (g) Includes impairment charges of $44.7 million related to unoccupied leased office space for the six months ended June 30, 2023. See " Note 3—Financial Instruments and Fair Value Measurements " for additional information.
Schedule of Disaggregation of Segment Revenue	The following table presents the revenue of the Company's segments disaggregated by type of service: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Dotdash Meredith Digital: Advertising revenue $ 132,247 $ 157,551 $ 244,064 $ 294,641 Performance marketing revenue 53,510 47,933 103,565 98,038 Licensing and other revenue 26,215 29,026 49,140 57,996 Total digital revenue 211,972 234,510 396,769 450,675 Print: Subscription revenue 76,032 107,679 161,669 238,263 Advertising revenue 57,487 71,266 105,337 143,953 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Project and other revenue 35,566 42,254 63,675 75,279 Newsstand revenue 27,174 35,596 59,420 66,835 Performance marketing revenue 10,512 3,512 23,686 25,955 Total print revenue 206,771 260,307 413,787 550,285 Intersegment eliminations (a) (4,745) (5,293) (8,976) (10,965) Total Dotdash Meredith revenue $ 413,998 $ 489,524 $ 801,580 $ 989,995 (a) Intersegment eliminations primarily related to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print. Angi Inc. Domestic: Ads and Leads: Consumer connection revenue $ 209,013 $ 260,896 $ 421,948 $ 475,243 Advertising revenue 70,047 65,189 137,228 129,091 Membership subscription revenue 13,231 15,554 26,430 31,791 Other revenue 196 223 387 483 Total Ads and Leads revenue 292,487 341,862 585,993 636,608 Services revenue 29,867 108,232 61,926 184,682 Roofing revenue 24,482 42,650 62,854 79,337 Domestic intersegment eliminations (b) (1,001) (1,950) (2,463) (3,627) Total Domestic revenue 345,835 490,794 708,310 897,000 International: Consumer connection revenue 23,371 16,941 48,116 38,744 Service professional membership subscription revenue 5,753 7,758 10,811 15,614 Advertising and other revenue 109 289 238 583 Total International revenue 29,233 24,988 59,165 54,941 Total Angi Inc. revenue $ 375,068 $ 515,782 $ 767,475 $ 951,941 (b) Intersegment eliminations related to Ads and Leads revenue earned from sales to Roofing. Search Advertising revenue: Google advertising revenue $ 166,285 $ 124,846 $ 307,019 $ 274,498 Non-Google advertising revenue 10,097 72,088 21,070 144,077 Total advertising revenue 176,382 196,934 328,089 418,575 Other revenue 654 1,249 1,422 2,993 Total Search revenue $ 177,036 $ 198,183 $ 329,511 $ 421,568 Emerging & Other Subscription revenue $ 85,919 $ 92,770 $ 172,319 $ 187,317 Marketplace revenue 50,248 62,617 108,667 128,734 Media production and distribution revenue 7,110 58 10,725 604 Advertising revenue: Non-Google advertising revenue 3,458 3,940 6,357 7,663 Google advertising revenue 272 516 535 1,124 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Total advertising revenue 3,730 4,456 6,892 8,787 Service and other revenue 896 1,188 3,331 2,641 Total Emerging & Other revenue $ 147,903 $ 161,089 $ 301,934 $ 328,083
Schedule of Revenue and Long-lived Assets, Excluding Goodwill and Intangible Assets, by Geography	Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Revenue: United States $ 991,677 $ 1,270,088 $ 1,966,105 $ 2,474,436 All other countries 119,912 92,493 229,755 213,490 Total $ 1,111,589 $ 1,362,581 $ 2,195,860 $ 2,687,926 June 30, December 31, (In thousands) Long-lived assets (excluding goodwill, intangible assets and ROU assets): United States $ 488,722 $ 502,977 All other countries 5,905 7,637 Total $ 494,627 $ 510,614
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) earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended June 30, 2023 Operating Income (Loss) (d) Stock-based Depreciation (d) Amortization Adjusted EBITDA (f) (In thousands) Dotdash Meredith Digital $ 6,059 $ 2,092 $ 7,332 $ 35,351 $ 50,834 Print (944) $ 376 $ 3,855 $ 14,123 $ 17,410 Other (c) (22,935) $ 3,102 $ 5,681 $ — $ (14,152) Angi Inc. Ads and Leads 4,791 $ 5,307 $ 15,394 $ 2,663 $ 28,155 Services (5,175) $ 1,192 $ 5,683 $ — $ 1,700 Roofing (1,302) $ (167) $ 175 $ — $ (1,294) Other (c) (16,568) $ 3,459 $ — $ — $ (13,109) International 1,571 $ 339 $ 927 $ — $ 2,837 Search 13,961 $ — $ 21 $ — $ 13,982 Emerging & Other 3,353 $ 355 $ 555 $ 2,046 $ 6,309 Corporate (h) (38,284) $ 14,138 $ 1,660 $ — $ (22,486) Total (55,473) Interest expense (39,077) Unrealized loss on investment in MGM Resorts International (32,362) Other income, net 10,985 Loss before income taxes (115,927) Income tax benefit 24,297 Net loss (91,630) Net loss attributable to noncontrolling interests 2,585 Net loss attributable to IAC shareholders $ (89,045) _____________________ (h) Includes stock-based compensation expense for stock-based awards granted to employees of Corporate, Search and all Emerging & Other businesses other than Vivian Health. Three Months Ended June 30, 2022 Operating Income (Loss) (e) Stock-based Depreciation Amortization Goodwill Impairment Adjusted EBITDA (e)(f) (In thousands) Dotdash Meredith Digital $ 11,096 $ 4,879 $ 8,203 $ 27,138 $ — $ 51,316 Print (20,099) $ 204 $ 4,632 $ 21,528 $ — $ 6,265 Other (c) (18,504) $ 27 $ 63 $ — $ — $ (18,414) Angi Inc. Ads and Leads 23,292 $ 5,404 $ 10,805 $ 2,663 $ — $ 42,164 Services (21,051) $ 4,513 $ 1,650 $ 975 $ — $ (13,913) Roofing (3,789) $ 385 $ 148 $ 166 $ — $ (3,090) Other (c) (18,091) $ 2,989 $ — $ — $ — $ (15,102) International (1,247) $ 126 $ 751 $ — $ — $ (370) Search 26,297 $ — $ 20 $ — $ — $ 26,317 Emerging & Other (107,781) $ 83 $ 279 $ 3,611 $ 86,748 $ (17,060) Corporate (h) (36,263) $ 13,046 $ 2,501 $ — $ — $ (20,716) Total (166,140) Interest expense (23,517) Unrealized loss on investment in MGM Resorts International (825,305) Other expense, net (89,425) Loss before income taxes (1,104,387) Income tax benefit 228,988 Net loss (875,399) Net loss attributable to noncontrolling interests 6,269 Net loss attributable to IAC shareholders $ (869,130) Six Months Ended June 30, 2023 Operating (Loss) Income (d) Stock-based Depreciation (d) Amortization Adjusted EBITDA (f)(g) (In thousands) Dotdash Meredith Digital $ (11,828) $ 3,787 $ 12,576 $ 70,702 $ 75,237 Print (6,700) $ 522 $ 6,490 $ 28,432 $ 28,744 Other (c) (110,526) $ 6,352 $ 31,168 $ — $ (73,006) Angi Inc. Ads and Leads 18,271 $ 10,798 $ 33,612 $ 5,325 $ 68,006 Services (17,627) $ 5,401 $ 11,758 $ — $ (468) Roofing (891) $ (2) $ 420 $ — $ (473) Other (c) (31,507) $ 6,044 $ — $ — $ (25,463) International 4,601 $ 766 $ 1,824 $ — $ 7,191 Search 24,731 $ — $ 42 $ — $ 24,773 Emerging & Other 14,798 $ 707 $ 1,252 $ 4,330 $ 21,087 Corporate (h) (74,391) $ 24,759 $ 3,313 $ — $ (46,319) Total (191,069) Interest expense (77,249) Unrealized gain on investment in MGM Resorts International 672,478 Other income, net 34,734 Earnings before income taxes 438,894 Income tax provision (115,205) Net earnings 323,689 Net loss attributable to noncontrolling interests 5,041 Net earnings attributable to IAC shareholders $ 328,730 Six Months Ended June 30, 2022 Operating Income (Loss) (e) Stock-based Depreciation Amortization Acquisition-related Contingent Consideration Fair Value Adjustments Goodwill Impairment Adjusted EBITDA (e)(f) (In thousands) Dotdash Meredith Digital $ 9,228 $ 9,075 $ 15,692 $ 52,733 $ (612) $ — $ 86,116 Print (58,434) $ 268 $ 10,164 $ 43,787 $ — $ — $ (4,215) Other (c) (34,546) $ 39 $ 307 $ — $ — $ — $ (34,200) Angi Inc. Ads and Leads 38,778 $ 10,324 $ 22,062 $ 5,325 $ — $ — $ 76,489 Services (46,801) $ 9,053 $ 3,318 $ 1,950 $ — $ — $ (32,480) Roofing (9,939) $ 1,215 $ 275 $ 333 $ — $ — $ (8,116) Other (c) (31,113) $ 5,561 $ — $ — $ — $ — $ (25,552) International (5,768) $ 249 $ 1,698 $ — $ — $ — $ (3,821) Search 51,376 $ — $ 41 $ — $ — $ — $ 51,417 Emerging & Other (112,825) $ 108 $ 682 $ 9,143 $ — $ 86,748 $ (16,144) Corporate (h) (74,910) $ 25,451 $ 5,049 $ — $ — $ — $ (44,410) Total (274,954) Interest expense (45,429) Unrealized loss on investment in MGM Resorts International (1,012,635) Other expense, net (82,726) Loss before income taxes (1,415,744) Income tax benefit 299,452 Net loss (1,116,292) Net loss attributable to noncontrolling interests 11,364 Net loss attributable to IAC shareholders $ (1,104,928)

PENSION AND POSTRETIREMENT BE_2

PENSION AND POSTRETIREMENT BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Costs	The following tables present the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 55 $ — $ 1 $ 108 $ — $ 2 Interest cost 826 4,921 58 1,697 9,698 116 Expected return on plan assets (633) (4,916) — (1,134) (9,687) — Actuarial gain recognition (404) — — (164) — — Net periodic benefit (credit) cost $ (156) $ 5 $ 59 $ 507 $ 11 $ 118 Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 907 $ — $ 1 $ 1,889 $ — $ 3 Interest cost 1,188 3,799 67 1,887 7,074 134 Expected return on plan assets (598) (3,792) — (2,176) (8,416) — Actuarial (gain) loss recognition (2,399) 43,564 — 10,133 68,552 — Net periodic benefit (credit) cost $ (902) $ 43,571 $ 68 $ 11,733 $ 67,210 $ 137
Summary of the Weighted Average Expected Return on Plan Assets	The following table summarizes the weighted average expected return on plan assets used to determine the net periodic benefit costs at June 30, 2023, following the remeasurements, and December 31, 2022, respectively: June 30, 2023 December 31, 2022 Pension Domestic Domestic Expected return on plan assets 4.31 % 2.80 %

(LOSS) EARNINGS PER SHARE (Tabl

(LOSS) EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share	The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands, except per share data) Basic EPS: Numerator: Net (loss) earnings $ (91,630) $ (875,399) $ 323,689 $ (1,116,292) Net loss attributable to noncontrolling interests 2,585 6,269 5,041 11,364 Net earnings attributed to unvested participating security — — (11,296) — Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders $ (89,045) $ (869,130) $ 317,434 $ (1,104,928) Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 83,081 86,748 84,301 86,766 (Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders: (Loss) earnings per share $ (1.07) $ (10.02) $ 3.77 $ (12.73) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands, except per share data) Diluted EPS: Numerator: Net (loss) earnings $ (91,630) $ (875,399) $ 323,689 $ (1,116,292) Net loss attributable to noncontrolling interests 2,585 6,269 5,041 11,364 Net earnings attributed to unvested participating security — — (10,935) — Impact from public subsidiaries' dilutive securities (b) — — — — Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders $ (89,045) $ (869,130) $ 317,795 $ (1,104,928) Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 83,081 86,748 84,301 86,766 Dilutive securities (b)(c)(d) — — 2,889 — Denominator for earnings per share—weighted average shares (b)(c)(d) 83,081 86,748 87,190 86,766 (Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders: (Loss) earnings per share $ (1.07) $ (10.02) $ 3.64 $ (12.73) _____________________ (a) On November 5, 2020, IAC's CEO was granted a stock-based award in the form of 3.0 million shares of restricted common stock. The number of shares that ultimately vests is subject to the satisfaction of growth targets in IAC's stock price over the 10-year service condition of the award. These restricted shares have a non-forfeitable dividend right in the event the Company declares a cash dividend on its common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Accordingly, the two-class method of calculating EPS is used. While the restricted shares are presented as outstanding shares in the balance sheet, these shares are excluded from the weighted average shares outstanding in calculating basic EPS and the allocable portion of net earnings are also excluded. Fully diluted EPS reflects the impact on earnings and fully diluted shares in the manner that is most dilutive. (b) IAC has the option to settle certain Angi Inc. stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi Inc.'s dilutive securities in IAC common shares. For the three and six months ended June 30, 2023 and 2022, these Angi Inc. equity awards were anti-dilutive. (c) 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 common stock and restricted stock units ("RSUs"). For the six months ended June 30, 2023, 3.3 million potentially dilutive securities were excluded from computing diluted EPS because the impact would have been anti-dilutive. (d) For the three months ended June 30, 2023 and for the three and six months ended June 30, 2022, the Company had a loss from operations and, as a result, approximately 8.0 million and 8.1 million potentially dilutive securities, respectively, were excluded from computing diluted EPS because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute the EPS amounts for the three months ended June 30, 2023 and for the three and six months ended June 30, 2022.

FINANCIAL STATEMENT DETAILS (Ta

FINANCIAL STATEMENT DETAILS (Tables)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows: June 30, 2023 December 31, 2022 June 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 1,326,988 $ 1,417,390 $ 1,796,202 $ 2,118,730 Restricted cash included in other current assets 8,126 1,165 16,882 1,941 Restricted cash included in other non-current assets 381 7,514 7,617 1,193 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,335,495 $ 1,426,069 $ 1,820,701 $ 2,121,864
Schedule of Restricted Cash	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows: June 30, 2023 December 31, 2022 June 30, 2022 December 31, 2021 (In thousands) Cash and cash equivalents $ 1,326,988 $ 1,417,390 $ 1,796,202 $ 2,118,730 Restricted cash included in other current assets 8,126 1,165 16,882 1,941 Restricted cash included in other non-current assets 381 7,514 7,617 1,193 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,335,495 $ 1,426,069 $ 1,820,701 $ 2,121,864
Schedule of Credit Losses	The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2023 and 2022, respectively: 2023 2022 (In thousands) Balance at January 1 $ 50,971 $ 36,556 Current period provision for credit losses 48,608 51,710 Write-offs charged against the allowance (55,198) (41,646) Recoveries collected 3,070 2,710 Other (143) 185 Balance at June 30 $ 47,308 $ 49,515
Schedule of Accumulated Amortization and Depreciation	The following table provides the accumulated amortization and depreciation within the balance sheet: Asset Category June 30, 2023 December 31, 2022 (In thousands) Right-of-use assets included in other non-current assets $ 230,118 $ 157,650 Capitalized software, equipment, buildings and leasehold improvements $ 320,722 $ 274,473 Intangible assets $ 690,303 $ 582,063
Schedule of Other (Expense) Income, Net	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 (In thousands) Interest income $ 17,340 $ 2,442 $ 34,270 $ 3,140 Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values 2,649 (21,635) 1,348 (20,096) Foreign exchange gains (losses), net 1,572 (4,655) 2,081 (6,229) Unrealized gain (loss) related to marketable equity securities 1,262 (28,696) 112 5,656 Net periodic pension benefit credit (cost), other than the service cost component (a) 148 (41,829) (526) (77,188) Unrealized (decrease) increase in the estimated fair value of a warrant (13,672) 4,866 (7,732) 12,851 Other 1,686 82 5,181 (860) Other income (expense), net $ 10,985 $ (89,425) $ 34,734 $ (82,726) _____________________ (a) Includes pre-tax actuarial gains of $0.4 million and $0.2 million for the three and six months ended June 30, 2023, respectively, related to the pension plans in the U.S. and pre-tax actuarial losses of $41.2 million and $78.7 million for the three and six months ended June 30, 2022, respectively, related to the funded pension plans in the U.K. and the U.S. See " Note 7—Pension and Postretirement Benefit Plans " for additional information.

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Revenue and Other [Line Items]
Revenue	$ 1,111,589	$ 1,362,581	$ 2,195,860	$ 2,687,926
Current deferred revenue	160,827		160,827		$ 157,124	$ 165,500
Non-current deferred revenue	100		100		200	$ 400
Deferred revenue recognized during period			127,300	125,200
Angi Inc.
Revenue and Other [Line Items]
Revenue			767,475	$ 951,941
Number of operating segments | segment		4		4
Revenue, Segment | Customer concentration risk
Revenue and Other [Line Items]
Revenue	164,600	$ 122,100	303,300	$ 269,300
Google Inc. | Revenue, Segment | Customer concentration risk
Revenue and Other [Line Items]
Revenue	$ 197,900	$ 169,300	$ 370,800	$ 362,700
Concentration risk (as a percent)	18%	12%	17%	13%
Google Inc. | Accounts Receivable | Customer concentration risk
Revenue and Other [Line Items]
Accounts receivable	$ 68,800		$ 68,800		$ 74,100
Services Agreement | Revenue, Segment | Customer concentration risk
Revenue and Other [Line Items]
Concentration risk (as a percent)	15%	9%	14%	10%
Desktop | Revenue, Segment | Customer concentration risk | Search
Revenue and Other [Line Items]
Revenue	$ 18,400	$ 24,500	$ 37,000	$ 51,200
Ask Media Group | Revenue, Segment | Customer concentration risk | Search
Revenue and Other [Line Items]
Revenue	146,100	$ 97,600	266,400	$ 218,100
Change In Accounting Principle, Recording Revenue On Net Basis
Revenue and Other [Line Items]
Revenue	(71,100)		(122,800)
Dotdash Meredith Term Loan B Facility | Interest rate swaps | Dotdash Meredith
Revenue and Other [Line Items]
Notional amount	$ 350,000		$ 350,000

DOTDASH MEREDITH RESTRUCTURIN_3

DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 13,700	$ 80,422	$ 36,100	$ 80,200
Meredith Corporation
Restructuring Cost and Reserve [Line Items]
Transaction-related costs	$ 1,200		$ 5,200

DOTDASH MEREDITH RESTRUCTURIN_4

DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Accrued at beginning of period		$ 27,394
Charges Incurred		2,894	$ 36,089
Reversal of Initial Cost		(2,710)
Payments		(18,384)	(14,209)
Non-cash			(425)
Accrued at end of period	$ 21,455	9,194	21,455	$ 27,394
Cumulative Charges Incurred	13,700	80,422	36,100	80,200
Estimated Remaining Costs		116
Inventory write-off			400
Digital
Restructuring Reserve [Roll Forward]
Accrued at beginning of period		10,950
Charges Incurred		1,291	7,181
Reversal of Initial Cost		(954)
Payments		(8,081)	(2,972)
Non-cash			0
Accrued at end of period	4,209	3,206	4,209	10,950
Cumulative Charges Incurred		39,562
Estimated Remaining Costs		0
Print
Restructuring Reserve [Roll Forward]
Accrued at beginning of period		12,055
Charges Incurred		983	24,360
Reversal of Initial Cost		(1,492)
Payments		(7,226)	(10,457)
Non-cash			(425)
Accrued at end of period	13,478	4,320	13,478	12,055
Cumulative Charges Incurred		32,923
Estimated Remaining Costs		58
Other
Restructuring Reserve [Roll Forward]
Accrued at beginning of period		4,389
Charges Incurred		620	4,548
Reversal of Initial Cost		(264)
Payments		(3,077)	(780)
Non-cash			0
Accrued at end of period	$ 3,768	1,668	$ 3,768	$ 4,389
Cumulative Charges Incurred		7,937
Estimated Remaining Costs		$ 58

DOTDASH MEREDITH RESTRUCTURIN_5

DOTDASH MEREDITH RESTRUCTURING CHARGES TRANSACTION-RELATED EXPENSES - Allocation of Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 225	$ 13,652	$ 184	$ 36,089
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Restructuring costs	142	4,419	699	16,601
Selling and marketing expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	321	4,016	(541)	9,615
General and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(180)	4,545	63	8,858
Product development expense
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ (58)	$ 672	$ (37)	$ 1,015

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Marketable equity securities	$ 4,429	$ 4,317
Available-for-sale marketable debt securities	111,130	235,056
Total marketable securities	$ 115,559	$ 239,373

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) shares in Millions	1 Months Ended	3 Months Ended				6 Months Ended
	Apr. 30, 2023 USD ($)	Jun. 30, 2023 USD ($) shares	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($) shares	Jun. 30, 2023 USD ($) investment shares	Jun. 30, 2022 USD ($)	Aug. 04, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 01, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of investments in marketable equity securities | investment						2
Unrealized gains (loss) on marketable equity security		$ 1,300,000		$ (28,700,000)		$ 100,000	$ 5,700,000
Available-for-sale marketable debt securities in a continuous unrealized loss position for longer than twelve months		0				0			$ 0
Unrealized (loss) gain on investment in MGM Resorts International		(32,362,000)		(825,305,000)		672,478,000	(1,012,635,000)
Investment in MGM Resorts International		2,842,661,000				2,842,661,000			$ 2,170,182,000
Purchases of additional preferred shares						103,555,000	1,036,000
Total upward adjustments to equity securities without readily determinable fair value		37,800,000				37,800,000
Total downward adjustments to equity securities without readily determinable fair value		(104,000,000)				(104,000,000)
Operating lease impairment charges						72,506,000	28,802,000
Mosaic Group
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of goodwill for which excess of fair value over carrying value is less than 20%		153,600,000				153,600,000
Dotdash Meredith
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount of indefinite-lived intangible asset for which excess of fair value over carrying value is less than 20%		$ 126,000,000				126,000,000
Meredith Corporation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration arrangement liability										$ 600,000
Operating lease impairment charges			$ 44,700,000			$ 44,700,000
Impairment of leasehold improvements			$ 25,300,000
MGM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership percentage		18.30%				18.30%
Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in MGM Resorts International								$ 2,900,000,000
MGM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total number of equity securities owned (in shares) | shares		64.7				64.7
Number of equity securities purchased (in shares) | shares					4.5
Payments to acquire additional MGM shares					$ 202,500,000
Unrealized (loss) gain on investment in MGM Resorts International		$ (32,400,000)		$ (825,300,000)		$ 672,500,000	$ (1,000,000,000)
Cumulative unrealized pre-tax gain		1,600,000,000				1,600,000,000
Unrealized gain (loss), impact in $2.00 change in share price		$ 129,400,000				$ 129,400,000
Turo
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Purchases of additional preferred shares	$ 103,600,000
Ownership interest in equity method investment (as a percent)		29.90%				29.90%

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Current Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Available-for-sale Marketable Securities
Amortized cost	$ 111,109	$ 234,987
Gross Unrealized Gains	23	75
Gross Unrealized Losses	(2)	(6)
Fair Value	111,130	235,056
Treasury discount notes
Schedule of Available-for-sale Marketable Securities
Amortized cost	111,109	234,987
Gross Unrealized Gains	23	75
Gross Unrealized Losses	(2)	(6)
Fair Value	$ 111,130	$ 235,056

FINANCIAL INSTRUMENTS AND FAI_6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Investments in MGM Resorts International (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Investment in MGM Resorts International	$ 2,842,661	$ 2,170,182

FINANCIAL INSTRUMENTS AND FAI_7

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Long-term Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Equity securities without readily determinable fair values	$ 426,938	$ 323,530
Equity method investment	4,839	2,191
Long-term investments	$ 431,777	$ 325,721

FINANCIAL INSTRUMENTS AND FAI_8

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Adjustments to the Carrying Value of Equity Securities Without Readily Determinable Fair Values
Upward adjustments (gross unrealized pre-tax gains)	$ 2,227	$ 0	$ 2,227	$ 0
Downward adjustments including impairments (gross unrealized pre-tax losses)	(373)	(22,376)	(1,195)	(22,376)
Total	1,854	(22,376)	1,032	(22,376)
Equity Securities without Readily Determinable Fair Values, Realized and Unrealized Gains (Losses)
Realized pre-tax gains (losses), net, for equity securities sold	993	(6)	1,000	462
Unrealized pre-tax gains (losses), net, on equity securities held	1,854	(22,376)	1,032	(22,376)
Total pre-tax gains (losses), net recognized	$ 2,847	$ (22,382)	$ 2,032	$ (21,914)

FINANCIAL INSTRUMENTS AND FAI_9

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets:
Marketable equity securities	$ 4,429	$ 4,317
Treasury discount notes	111,130	235,056
Investment in MGM	2,842,661	2,170,182
Other non-current assets	486,638	625,774
Total assets	4,045,444	3,472,420
Dotdash Meredith Term Loan B Facility | Interest rate swaps | Dotdash Meredith
Assets:
Notional amount	350,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Marketable equity securities	4,429	4,317
Treasury discount notes	0	0
Investment in MGM	2,842,661	2,170,182
Total assets	3,848,022	3,037,328
Significant Other Observable Inputs (Level 2)
Assets:
Marketable equity securities	0	0
Treasury discount notes	111,130	235,056
Investment in MGM	0	0
Total assets	158,354	388,293
Significant Unobservable Inputs (Level 3)
Assets:
Marketable equity securities	0	0
Treasury discount notes	0	0
Investment in MGM	0	0
Total assets	39,068	46,799
Money market funds
Assets:
Cash equivalents	1,000,932	862,829
Money market funds | Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	1,000,932	862,829
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	24,871	137,219
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	24,871	137,219
Treasury discount notes | Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Time deposits
Assets:
Cash equivalents	17,964	16,018
Time deposits | Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Cash equivalents	0	0
Time deposits | Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	17,964	16,018
Time deposits | Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0
Warrant
Assets:
Other non-current assets	39,068	46,799
Warrant | Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Other non-current assets	0	0
Warrant | Significant Other Observable Inputs (Level 2)
Assets:
Other non-current assets	0	0
Warrant | Significant Unobservable Inputs (Level 3)
Assets:
Other non-current assets	39,068	$ 46,799
Interest rate swaps
Assets:
Other non-current assets	4,389
Interest rate swaps | Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Other non-current assets	0
Interest rate swaps | Significant Other Observable Inputs (Level 2)
Assets:
Other non-current assets	4,389
Interest rate swaps | Significant Unobservable Inputs (Level 3)
Assets:
Other non-current assets	$ 0

FINANCIAL INSTRUMENTS AND FA_10

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Contingent Consideration Arrangement
Contingent Consideration Arrangements
Balance at beginning of period				$ (612)
Fair value adjustments included in earnings				612
Balance at end of period		$ 0		0
Warrant
Warrant
Balance at beginning of period	$ 52,739	117,279	$ 46,799	109,294
Fair value adjustments included in earnings	(13,671)	4,866	(7,731)	12,851
Balance at end of period	$ 39,068	$ 122,145	$ 39,068	$ 122,145

FINANCIAL INSTRUMENTS AND FA_11

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	$ (30,000)	$ (30,000)
Long-term debt, net	(2,006,456)	(2,019,759)
Unamortized original issue discount and debt issuance costs	18,500	20,200
Carrying Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	(30,000)	(30,000)
Long-term debt, net	(2,006,456)	(2,019,759)
Fair Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current portion of long-term debt	(27,769)	(26,700)
Long-term debt, net	$ (1,803,172)	$ (1,708,413)

LONG-TERM DEBT - Summary (Detai

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Less: current portion of Dotdash Meredith long-term debt	$ 30,000	$ 30,000
Long-term debt, net	2,006,456	2,019,759
Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	1,555,000	1,570,000
Less: current portion of Dotdash Meredith long-term debt	30,000	30,000
Less: original issue discount	4,890	5,310
Less: unamortized debt issuance costs	9,314	10,215
Long-term debt, net	1,510,796	1,524,475
Angi Inc.
Debt Instrument [Line Items]
Less: unamortized debt issuance costs	4,340	4,716
Long-term debt, net	$ 495,660	$ 495,284
Term Loan | Dotdash Meredith Term loan A Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	7.24%	5.91%
Term Loan | Dotdash Meredith Term loan A Facility | Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 323,750	$ 332,500
Term Loan | Dotdash Meredith Term Loan B Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	9.26%	8.22%
Term Loan | Dotdash Meredith Term Loan B Facility | Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 1,231,250	$ 1,237,500
Senior Notes | ANGI 3.875% Senior Notes | Angi Inc.
Debt Instrument [Line Items]
Long-term debt	$ 500,000	$ 500,000
Interest rate on debt instrument (as a percent)	3.875%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($)		1 Months Ended				6 Months Ended	11 Months Ended	12 Months Ended	37 Months Ended	83 Months Ended
	Dec. 01, 2021	Jul. 31, 2023	Jun. 30, 2023	Apr. 30, 2023	Mar. 31, 2023	Jun. 30, 2023	Dec. 01, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 01, 2028	Dec. 31, 2022
Dotdash Meredith
Debt Instrument [Line Items]
Capital contributions			$ 145,000,000		$ 135,000,000
Capital distributions			15,000,000	$ 135,000,000
Dotdash Meredith | Subsequent Event
Debt Instrument [Line Items]
Capital distributions		$ 130,000,000
Interest rate swaps
Debt Instrument [Line Items]
Interest rate swaps expected to be reclassified into interest expense with next twelve months			5,100,000			$ 5,100,000
Derivative liability			$ 4,400,000			4,400,000
Dotdash Meredith Credit Agreement
Debt Instrument [Line Items]
Debt covenant, net leverage ratio amount, maximum						250,000,000
Dotdash Meredith Credit Agreement | Term Loan
Debt Instrument [Line Items]
Debt covenant, minimum amount needed to be drawn						$ 1
Debt covenant, percentage of face						1.02
Debt covenant, outstanding face amount of undrawn letters of credit, minimum						$ 25,000,000
Consolidated net leverage ratio (no greater than)						5.5
Debt covenant, net leverage ratio that would limit dividends						4
Dotdash Meredith Term loan A Facility | Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)	5 years
Face amount of debt instrument	$ 350,000,000
Interest rate on debt instrument (as a percent)			7.24%			7.24%					5.91%
Dotdash Meredith Term loan A Facility | Term Loan | Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal							$ 13,100,000	$ 8,800,000	$ 4,400,000
Dotdash Meredith Term loan A Facility | Term Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Adjustment to interest rate						0.10%
Basis spread on variable rate (as a percent)						2.25%
Dotdash Meredith Term Loan B Facility | Interest rate swaps | Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)			7.92%			7.92%
Notional amount			$ 350,000,000			$ 350,000,000
Weighted average fixed interest rate			3.82%			3.82%
Dotdash Meredith Term Loan B Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Interest rate swaps | Dotdash Meredith
Debt Instrument [Line Items]
Adjustment to interest rate						0.10%
Dotdash Meredith Term Loan B Facility | Base Rate | Interest rate swaps | Dotdash Meredith
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						4%
Dotdash Meredith Term Loan B Facility | Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)	7 years
Face amount of debt instrument	$ 1,250,000,000
Interest rate on debt instrument (as a percent)			9.26%			9.26%					8.22%
Dotdash Meredith Term Loan B Facility | Term Loan | Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal										$ 3,100,000
Dotdash Meredith Term Loan B Facility | Term Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Adjustment to interest rate						0.10%
Adjustment to interest rate two						0.15%
Adjustment to interest rate three						0.25%
Basis spread on variable rate (as a percent)						4%
Dotdash Meredith Term Loan B Facility | Term Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						0.50%
Dotdash Meredith Revolving Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Term of debt instrument (years)	5 years
Maximum borrowing capacity	$ 150,000,000
Outstanding borrowings under the credit facility			$ 0			$ 0					$ 0
Commitment fee (in basis points)						0.40%
ANGI 3.875% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Maximum leverage ratio			3.75			3.75

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$ 6,920,480,000	$ 7,500,917,000	$ 6,572,534,000	$ 7,748,960,000
Total other comprehensive income (loss), net of income taxes	8,114,000	(14,392,000)	6,720,000	(18,093,000)
Balance at end of period	6,777,502,000	6,625,163,000	6,777,502,000	6,625,163,000
Tax provision (benefit) on accumulated other comprehensive loss		0		0
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(12,381,000)	765,000	(13,186,000)	4,397,000
Balance at end of period	(10,272,000)	(12,852,000)	(10,272,000)	(12,852,000)
Foreign Currency Translation Adjustment including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income (loss) before reclassifications	2,109,000	(13,616,000)	2,912,000	(17,250,000)
Amounts reclassified to earnings	0	0	0	0
Total other comprehensive income (loss), net of income taxes	2,109,000	(13,616,000)	2,912,000	(17,250,000)
Foreign Currency Translation Adjustment attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	0	(1,000)	2,000	1,000
Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	27,000		53,000
Balance at end of period	16,000		16,000
Tax provision (benefit) on accumulated other comprehensive loss	100,000		100,000
Unrealized Gains (Losses) on Available-For-Sale Debt Securities including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income (loss) before reclassifications	(11,000)		(37,000)
Amounts reclassified to earnings	0		0
Total other comprehensive income (loss), net of income taxes	(11,000)		(37,000)
Unrealized Gains (Losses) on Available-For-Sale Debt Securities attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	0		0
Unrealized (Losses) Gains On Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(2,287,000)		0
Balance at end of period	3,352,000		3,352,000
Tax provision (benefit) on accumulated other comprehensive loss	1,000,000		1,000,000
Unrealized (Losses) Gains On Interest Rate Swaps including portion attributable to Noncontrolling interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income (loss) before reclassifications	6,659,000		4,372,000
Amounts reclassified to earnings	(1,020,000)		(1,020,000)
Total other comprehensive income (loss), net of income taxes	5,639,000		3,352,000
Unrealized (Losses) Gains On Interest Rate Swaps attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	0		0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(14,641,000)	765,000	(13,133,000)	4,397,000
Balance at end of period	(6,904,000)	(12,852,000)	(6,904,000)	(12,852,000)
Accumulated Other Comprehensive Loss including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive income (loss) before reclassifications	8,757,000	(13,616,000)	7,247,000	(17,250,000)
Amounts reclassified to earnings	(1,020,000)	0	(1,020,000)	0
Total other comprehensive income (loss), net of income taxes	7,737,000	(13,616,000)	6,227,000	(17,250,000)
Accumulated Other Comprehensive Loss attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	$ 0	$ (1,000)	$ 2,000	$ 1,000

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 1,111,589	$ 1,362,581	$ 2,195,860	$ 2,687,926
United States
Segment Reporting Information [Line Items]
Revenue	991,677	1,270,088
Angi Inc.
Segment Reporting Information [Line Items]
Revenue			767,475	951,941
Angi Inc. | United States
Segment Reporting Information [Line Items]
Revenue	345,835	490,794	708,310	897,000
Operating Segments | Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	413,998	489,524	801,580	989,995
Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Revenue	211,972	234,510	396,769	450,675
Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	206,771	260,307	413,787	550,285
Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	375,068	515,782	767,475	951,941
Operating Segments | Angi Inc. | United States
Segment Reporting Information [Line Items]
Revenue	345,835	490,794	708,310	897,000
Operating Segments | Angi Inc. | Ads and Leads | United States
Segment Reporting Information [Line Items]
Revenue	292,487	341,862	585,993	636,608
Operating Segments | Angi Inc. | Services | United States
Segment Reporting Information [Line Items]
Revenue	29,867	108,232	61,926	184,682
Operating Segments | Angi Inc. | Roofing | United States
Segment Reporting Information [Line Items]
Revenue	24,482	42,650	62,854	79,337
Operating Segments | Angi Inc. | International
Segment Reporting Information [Line Items]
Revenue	29,233	24,988	59,165	54,941
Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	177,036	198,183	329,511	421,568
Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	147,903	161,089	301,934	328,083
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(2,416)	(1,997)	(4,640)	(3,661)
Inter-segment eliminations | Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	(4,745)	(5,293)	(8,976)	(10,965)
Inter-segment eliminations | Angi Inc. | United States
Segment Reporting Information [Line Items]
Revenue	$ (1,001)	$ (1,950)	$ (2,463)	$ (3,627)

SEGMENT INFORMATION - Revenue D

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Revenue	$ 1,111,589	$ 1,362,581	$ 2,195,860	$ 2,687,926
Angi Inc.
Segment Reporting Information [Line Items]
Revenue			767,475	951,941
Operating Segments | Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	413,998	489,524	801,580	989,995
Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Revenue	211,972	234,510	396,769	450,675
Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	206,771	260,307	413,787	550,285
Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	375,068	515,782	767,475	951,941
Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	177,036	198,183	329,511	421,568
Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	147,903	161,089	301,934	328,083
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(2,416)	(1,997)	(4,640)	(3,661)
Inter-segment eliminations | Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	(4,745)	(5,293)	(8,976)	(10,965)
United States
Segment Reporting Information [Line Items]
Revenue	991,677	1,270,088
United States | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	345,835	490,794	708,310	897,000
United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	345,835	490,794	708,310	897,000
United States | Operating Segments | Angi Inc. | Services
Segment Reporting Information [Line Items]
Revenue	29,867	108,232	61,926	184,682
United States | Operating Segments | Angi Inc. | Roofing
Segment Reporting Information [Line Items]
Revenue	24,482	42,650	62,854	79,337
United States | Inter-segment eliminations | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	(1,001)	(1,950)	(2,463)	(3,627)
International
Segment Reporting Information [Line Items]
Revenue	119,912	92,493
International | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	29,233	24,988	59,165	54,941
Display advertising | Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Revenue	132,247	157,551	244,064	294,641
Performance marketing | Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Revenue	53,510	47,933	103,565	98,038
Performance marketing | Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	10,512	3,512	23,686	25,955
Licensing and other | Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Revenue	26,215	29,026	49,140	57,996
Subscription | Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	76,032	107,679	161,669	238,263
Advertising | Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	57,487	71,266	105,337	143,953
Advertising | Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	176,382	196,934	328,089	418,575
Advertising | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	3,730	4,456	6,892	8,787
Google advertising | Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	166,285	124,846	307,019	274,498
Google advertising | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	272	516	535	1,124
Non-Google advertising | Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	10,097	72,088	21,070	144,077
Non-Google advertising | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	3,458	3,940	6,357	7,663
Project and other | Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	35,566	42,254	63,675	75,279
Newsstand | Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Revenue	27,174	35,596	59,420	66,835
Ads and Leads | United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	292,487	341,862	585,993	636,608
Consumer connection | United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	209,013	260,896	421,948	475,243
Consumer connection | International | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	23,371	16,941	48,116	38,744
Advertising | United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	70,047	65,189	137,228	129,091
Membership subscription | United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	13,231	15,554	26,430	31,791
Other | United States | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	196	223	387	483
Service professional membership subscription | International | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	5,753	7,758	10,811	15,614
Advertising and other | International | Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Revenue	109	289	238	583
Other | Operating Segments | Search
Segment Reporting Information [Line Items]
Revenue	654	1,249	1,422	2,993
Subscription | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	85,919	92,770	172,319	187,317
Marketplace | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	50,248	62,617	108,667	128,734
Media production and distribution | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	7,110	58	10,725	604
Service and other | Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Revenue	$ 896	$ 1,188	$ 3,331	$ 2,641

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenue and Long-lived Assets by Geography
Revenue	$ 2,195,860	$ 2,687,926
Long-lived assets (excluding goodwill, intangible assets and ROU assets)	494,627		$ 510,614
United States
Revenue and Long-lived Assets by Geography
Revenue	1,966,105	2,474,436
Long-lived assets (excluding goodwill, intangible assets and ROU assets)	488,722		502,977
All other countries
Revenue and Long-lived Assets by Geography
Revenue	229,755	$ 213,490
Long-lived assets (excluding goodwill, intangible assets and ROU assets)	$ 5,905		$ 7,637

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating (Loss) Income and Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Operating income (loss)	$ (55,473)		$ (166,140)	$ (191,069)	$ (274,954)
Cumulative Charges Incurred			13,700	80,422	36,100	$ 80,200
Operating lease impairment charges				72,506	28,802
Meredith Corporation
Segment Reporting Information [Line Items]
Impairment of leasehold improvements and furniture and equipment	4,200			4,200
Impairment charges				70,000
Transaction-related costs			1,200		5,200
Operating lease impairment charges		$ 44,700		44,700
Meredith Corporation | Depreciation
Segment Reporting Information [Line Items]
Impairment charges	4,200			29,600
Digital
Segment Reporting Information [Line Items]
Cumulative Charges Incurred				39,562
Print
Segment Reporting Information [Line Items]
Cumulative Charges Incurred				32,923
Other
Segment Reporting Information [Line Items]
Cumulative Charges Incurred				7,937
Operating Segments | Dotdash Meredith
Segment Reporting Information [Line Items]
Operating income (loss)	(17,820)		(27,507)	(129,054)	(83,752)
Operating Segments | Dotdash Meredith | Digital
Segment Reporting Information [Line Items]
Operating income (loss)	6,059		11,096	(11,828)	9,228
Adjusted EBITDA	50,834		51,316	75,237	86,116
Operating Segments | Dotdash Meredith | Print
Segment Reporting Information [Line Items]
Operating income (loss)	(944)		(20,099)	(6,700)	(58,434)
Adjusted EBITDA	17,410		6,265	28,744	(4,215)
Operating Segments | Dotdash Meredith | Other
Segment Reporting Information [Line Items]
Operating income (loss)	(22,935)		(18,504)	(110,526)	(34,546)
Adjusted EBITDA	(14,152)		(18,414)	(73,006)	(34,200)
Operating Segments | Angi Inc.
Segment Reporting Information [Line Items]
Operating income (loss)	(16,683)		(20,886)	(27,153)	(54,843)
Operating Segments | Angi Inc. | Other
Segment Reporting Information [Line Items]
Operating income (loss)	(16,568)		(18,091)	(31,507)	(31,113)
Adjusted EBITDA	(13,109)		(15,102)	(25,463)	(25,552)
Operating Segments | Search
Segment Reporting Information [Line Items]
Operating income (loss)	13,961		26,297	24,731	51,376
Adjusted EBITDA	13,982		26,317	24,773	51,417
Operating Segments | Emerging & Other
Segment Reporting Information [Line Items]
Operating income (loss)	3,353		(107,781)	14,798	(112,825)
Adjusted EBITDA	6,309		(17,060)	21,087	(16,144)
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(38,284)		(36,263)	(74,391)	(74,910)
Adjusted EBITDA	$ (22,486)		$ (20,716)	$ (46,319)	$ (44,410)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	$ (55,473)	$ (166,140)	$ (191,069)	$ (274,954)
Stock-based compensation expense	30,193	31,656	59,134	61,343
Depreciation			102,455	59,288
Amortization of intangibles	54,183	56,081	108,789	113,271
Goodwill impairment	0	86,748	0	86,748
Interest expense	(39,077)	(23,517)	(77,249)	(45,429)
Unrealized (loss) gain on investment in MGM Resorts International	(32,362)	(825,305)	672,478	(1,012,635)
Other income (expense), net	10,985	(89,425)	34,734	(82,726)
(Loss) earnings before income taxes	(115,927)	(1,104,387)	438,894	(1,415,744)
Income tax benefit (provision)	24,297	228,988	(115,205)	299,452
Net (loss) earnings	(91,630)	(875,399)	323,689	(1,116,292)
Net loss attributable to noncontrolling interests	2,585	6,269	5,041	11,364
Net (loss) earnings attributable to IAC shareholders	(89,045)	(869,130)	328,730	(1,104,928)
Operating Segments | Dotdash Meredith
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(17,820)	(27,507)	(129,054)	(83,752)
Operating Segments | Dotdash Meredith | Digital
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	6,059	11,096	(11,828)	9,228
Stock-based compensation expense	2,092	4,879	3,787	9,075
Depreciation	7,332	8,203	12,576	15,692
Amortization of intangibles	35,351	27,138	70,702	52,733
Acquisition-related Contingent Consideration Fair Value Adjustments				(612)
Adjusted EBITDA	50,834	51,316	75,237	86,116
Operating Segments | Dotdash Meredith | Print
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(944)	(20,099)	(6,700)	(58,434)
Stock-based compensation expense	376	204	522	268
Depreciation	3,855	4,632	6,490	10,164
Amortization of intangibles	14,123	21,528	28,432	43,787
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Adjusted EBITDA	17,410	6,265	28,744	(4,215)
Operating Segments | Dotdash Meredith | Other
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(22,935)	(18,504)	(110,526)	(34,546)
Stock-based compensation expense	3,102	27	6,352	39
Depreciation	5,681	63	31,168	307
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Adjusted EBITDA	(14,152)	(18,414)	(73,006)	(34,200)
Operating Segments | Angi Inc.
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(16,683)	(20,886)	(27,153)	(54,843)
Operating Segments | Angi Inc. | Other
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(16,568)	(18,091)	(31,507)	(31,113)
Stock-based compensation expense	3,459	2,989	6,044	5,561
Depreciation	0	0	0	0
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	(13,109)	(15,102)	(25,463)	(25,552)
Operating Segments | Angi Inc. | Ads and Leads
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	4,791	23,292	18,271	38,778
Stock-based compensation expense	5,307	5,404	10,798	10,324
Depreciation	15,394	10,805	33,612	22,062
Amortization of intangibles	2,663	2,663	5,325	5,325
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	28,155	42,164	68,006	76,489
Operating Segments | Angi Inc. | Services
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(5,175)	(21,051)	(17,627)	(46,801)
Stock-based compensation expense	1,192	4,513	5,401	9,053
Depreciation	5,683	1,650	11,758	3,318
Amortization of intangibles	0	975	0	1,950
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	1,700	(13,913)	(468)	(32,480)
Operating Segments | Angi Inc. | Roofing
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(1,302)	(3,789)	(891)	(9,939)
Stock-based compensation expense	(167)	385	(2)	1,215
Depreciation	175	148	420	275
Amortization of intangibles	0	166	0	333
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	(1,294)	(3,090)	(473)	(8,116)
Operating Segments | Angi Inc. | International
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	1,571	(1,247)	4,601	(5,768)
Stock-based compensation expense	339	126	766	249
Depreciation	927	751	1,824	1,698
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	2,837	(370)	7,191	(3,821)
Operating Segments | Search
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	13,961	26,297	24,731	51,376
Stock-based compensation expense	0	0	0	0
Depreciation	21	20	42	41
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	13,982	26,317	24,773	51,417
Operating Segments | Emerging & Other
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	3,353	(107,781)	14,798	(112,825)
Stock-based compensation expense	355	83	707	108
Depreciation	555	279	1,252	682
Amortization of intangibles	2,046	3,611	4,330	9,143
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		86,748		86,748
Adjusted EBITDA	6,309	(17,060)	21,087	(16,144)
Corporate
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(38,284)	(36,263)	(74,391)	(74,910)
Stock-based compensation expense	14,138	13,046	24,759	25,451
Depreciation	1,660	2,501	3,313	5,049
Amortization of intangibles	0	0	0	0
Acquisition-related Contingent Consideration Fair Value Adjustments				0
Goodwill impairment		0		0
Adjusted EBITDA	$ (22,486)	$ (20,716)	$ (46,319)	$ (44,410)

PENSION AND POSTRETIREMENT BE_3

PENSION AND POSTRETIREMENT BENEFIT PLANS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Actuarial (gain) loss recognition		$ 41,200		$ 78,700
United States
Defined Benefit Plan Disclosure [Line Items]
Actuarial (gain) loss recognition	$ (400)		$ (200)
Pension | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	55	907	108	1,889
Interest cost	826	1,188	1,697	1,887
Expected return on plan assets	(633)	(598)	(1,134)	(2,176)
Actuarial (gain) loss recognition	(404)	(2,399)	(164)	10,133
Net periodic benefit (credit) cost	(156)	(902)	507	11,733
Pension | International
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	4,921	3,799	9,698	7,074
Expected return on plan assets	(4,916)	(3,792)	(9,687)	(8,416)
Actuarial (gain) loss recognition	0	43,564	0	68,552
Net periodic benefit (credit) cost	5	43,571	11	67,210
Postretirement | United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	1	2	3
Interest cost	58	67	116	134
Expected return on plan assets	0	0	0	0
Actuarial (gain) loss recognition	0	0	0	0
Net periodic benefit (credit) cost	$ 59	$ 68	$ 118	$ 137

PENSION AND POSTRETIREMENT BE_4

PENSION AND POSTRETIREMENT BENEFIT PLANS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Actual gain (loss) recognition		$ (41,200)		$ (78,700)
United States
Defined Benefit Plan Disclosure [Line Items]
Actual gain (loss) recognition	$ 400		$ 200
United States | Pension
Defined Benefit Plan Disclosure [Line Items]
Actual gain (loss) recognition	404	2,399	164	(10,133)
International | Pension
Defined Benefit Plan Disclosure [Line Items]
Actual gain (loss) recognition	$ 0	$ (43,564)	$ 0	$ (68,552)

PENSION AND POSTRETIREMENT BE_5

PENSION AND POSTRETIREMENT BENEFIT PLANS - Expected Return on Plan Assets (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Pension | United States
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	4.31%	2.80%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax benefit due to higher estimated effective tax rate	$ 2,000
Income tax provision (benefit)	$ (24,297)	$ (228,988)	$ 115,205	$ (299,452)
Effective income tax rate (as a percent)	(21.00%)	(21.00%)	26%	(21.00%)
Income tax examination, liability	$ 2,500		$ 2,500
Unrecognized tax benefits, including interest and penalties	18,100		18,100		$ 16,600
Increase (decrease) in unrecognized tax benefits, including interest and penalties during the period			1,500
Unrecognized tax benefits, if subsequently recognized would reduce income tax expense	17,000		17,000		$ 15,400
Decrease in unrecognized tax benefit, reasonably possible within twelve months	1,300		1,300
Unrecognized tax benefits, reduction resulting from expected settlements			1,000
Deferred tax assets	831,900		831,900
Deferred tax assets that will be utilized upon future reversal of deferred tax liabilities	632,800		632,800
Deferred tax assets that will be utilized based on forecasts of future taxable income	199,100		199,100
Deferred tax assets, U.S. federal operating loss carryforwards	$ 40,400		40,400
Future taxable income			$ 192,600

(LOSS) EARNINGS PER SHARE - Sum

(LOSS) EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Nov. 05, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Numerator: Basic
Net (loss) earnings		$ (91,630)	$ (875,399)	$ 323,689	$ (1,116,292)
Net loss attributable to noncontrolling interests		2,585	6,269	5,041	11,364
Net earnings attributed to unvested participating security		0	0	(11,296)	0
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders		$ (89,045)	$ (869,130)	$ 317,434	$ (1,104,928)
Denominator: Basic
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		83,081,000	86,748,000	84,301,000	86,766,000
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders:
Earnings (loss) per share (USD per share)		$ (1.07)	$ (10.02)	$ 3.77	$ (12.73)
Numerator: Diluted
Net (loss) earnings		$ (91,630)	$ (875,399)	$ 323,689	$ (1,116,292)
Net loss attributable to noncontrolling interests		2,585	6,269	5,041	11,364
Net earnings attributed to unvested participating security		0	0	(10,935)	0
Impact from public subsidiaries' dilutive securities		0	0	0	0
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders		$ (89,045)	$ (869,130)	$ 317,795	$ (1,104,928)
Denominator: Diluted
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		83,081,000	86,748,000	84,301,000	86,766,000
Dilutive securities (in shares)		0	0	2,889,000	0
Denominator for earnings per share - weighted average shares (shares)		83,081,000	86,748,000	87,190,000	86,766,000
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders:
Diluted (loss) earnings per share (USD per share)		$ (1.07)	$ (10.02)	$ 3.64	$ (12.73)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		8,000,000	8,100,000	3,300,000	8,100,000
Chief Executive Officer | Restricted Stock Awards | RSA Agreement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares authorized for issuance (in shares)	3,000,000
Term of employment agreement and restricted stock agreement (in years)	10 years

FINANCIAL STATEMENT DETAILS - C

FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 1,326,988	$ 1,417,390	$ 1,796,202	$ 2,118,730
Restricted cash included in other current assets	8,126	1,165	16,882	1,941
Restricted cash included in other non-current assets	381	7,514	7,617	1,193
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$ 1,335,495	$ 1,426,069	$ 1,820,701	$ 2,121,864

FINANCIAL STATEMENT DETAILS - A

FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 50,971	$ 36,556
Current period provision for credit losses	48,608	51,710
Write-offs charged against the allowance	(55,198)	(41,646)
Recoveries collected	3,070	2,710
Other	(143)	185
Balance at June 30	$ 47,308	$ 49,515

FINANCIAL STATEMENT DETAILS -_2

FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization [Abstract]
Right-of-use assets included in other non-current assets	$ 230,118	$ 157,650
Capitalized software, equipment, buildings and leasehold improvements	320,722	274,473
Intangible assets	$ 690,303	$ 582,063

FINANCIAL STATEMENT DETAILS - O

FINANCIAL STATEMENT DETAILS - Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Interest income	$ 17,340	$ 2,442	$ 34,270	$ 3,140
Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values	2,649	(21,635)	1,348	(20,096)
Foreign exchange gains (losses), net	1,572	(4,655)	2,081	(6,229)
Unrealized gain (loss) related to marketable equity securities	1,262	(28,696)	112	5,656
Net periodic pension benefit costs, other than the service cost component	148	(41,829)	(526)	(77,188)
Unrealized (decrease) increase in the estimated fair value of a warrant	(13,672)	4,866	(7,732)	12,851
Other	1,686	82	5,181	(860)
Other income (expense), net	10,985	(89,425)	34,734	(82,726)
Actual gain (loss) recognition		$ (41,200)		$ (78,700)
United States
Defined Benefit Plan Disclosure [Line Items]
Actual gain (loss) recognition	$ 400		$ 200

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) plane	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Other current assets	$ 234,194,000		$ 234,194,000		$ 296,563,000
Other non-current assets	$ 486,638,000		$ 486,638,000		625,774,000
Mr. Diller | IAC and Vimeo
Related Party Transaction [Line Items]
Voting interests	0.10		0.10
CEO Compensation and Certain Expenses
Related Party Transaction [Line Items]
Related party transaction amount	$ 2,300,000		$ 4,600,000
Separation Agreement | Vimeo
Related Party Transaction [Line Items]
Other current assets	800,000		800,000		800,000
Lease Agreement | Vimeo
Related Party Transaction [Line Items]
Lease expense	800,000	$ 1,400,000	1,700,000	$ 3,000,000
Other non-current assets	$ 200,000		$ 200,000		$ 0
Corporate Aircraft Purchase Agreement | Expedia
Related Party Transaction [Line Items]
Proportion of ownership interest held each by entity and by related party in aircraft employing flight crew (as a percent)	50%		50%
Number of aircraft operated | plane			2
Proportion of ownership interest held each by entity and by related party in another entity employing flight crew (as a percent)	50%		50%
Percentage of ownership interest in aircraft by subsidiary	100%		100%