0001705110-21-000094 | 10-Q | XBRL Viewer

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Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2021	Jul. 30, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-38220
Entity Registrant Name	Angi Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1204801
Entity Address, Address Line One	3601 Walnut Street
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80205
City Area Code	303
Local Phone Number	963-7200
Title of 12(b) Security	Class A Common Stock, par value $0.001
Trading Symbol	ANGI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001705110
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		82,217,972
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		421,977,004
Class C Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		0

CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 584,260	$ 812,705
Marketable debt securities	0	49,995
Accounts receivable, net of reserves of $35,862 and $27,839, respectively	62,052	43,148
Other current assets	67,787	71,958
Total current assets	714,099	977,806
Capitalized software, leasehold improvements and equipment, net	111,054	108,842
Goodwill	892,616	891,797
Intangible assets, net	201,166	209,717
Other non-current assets, net	187,793	180,020
TOTAL ASSETS	2,106,728	2,368,182
LIABILITIES:
Accounts payable	53,230	30,805
Deferred revenue	60,053	54,654
Accrued expenses and other current liabilities	178,629	148,219
Total current liabilities	291,912	233,678
Long-term debt, net	494,195	712,277
Deferred income taxes	1,662	1,296
Other long-term liabilities	104,998	111,710
Redeemable noncontrolling interests	4,536	26,364
Commitments and contingencies
SHAREHOLDERS’ EQUITY:
Additional paid-in capital	1,338,208	1,379,469
(Accumulated deficit) retained earnings	(18,613)	9,749
Accumulated other comprehensive income	5,973	4,637
Treasury stock, 16,380 and 15,905 shares, respectively	(127,718)	(122,081)
Total Angi Inc. shareholders’ equity	1,198,371	1,272,290
Noncontrolling interests	11,054	10,567
Total shareholders’ equity	1,209,425	1,282,857
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,106,728	2,368,182
Class A Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	99	94
Class B Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	422	422
Class C Common Stock
SHAREHOLDERS’ EQUITY:
Common stock, value	$ 0	$ 0

CONSOLIDATED BALANCE SHEET (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Allowance and reserves	$ 35,862	$ 27,839
Treasury stock (shares)	16,380,000	15,905,000
Class A Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	2,000,000,000	2,000,000,000
Common stock issued (shares)	99,111,000	82,731,000
Common stock outstanding (shares)	94,238,000	78,333,000
Class B Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	421,977,000	421,862,000
Common stock outstanding (shares)	421,977,000	421,862,000
Class C Common Stock
Common stock, par value (USD per share)	$ 0.001	$ 0.001
Common stock authorized (shares)	1,500,000,000	1,500,000,000
Common stock issued (shares)	0	0
Common stock outstanding (shares)	0	0

CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue	$ 420,988	$ 375,061	$ 808,017	$ 718,711
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	69,704	41,042	123,532	74,271
Selling and marketing expense	239,031	189,984	444,871	379,943
General and administrative expense	107,486	85,451	195,648	180,007
Product development expense	18,752	15,407	36,799	32,491
Depreciation	15,058	12,555	31,027	24,693
Amortization of intangibles	3,688	12,978	8,762	25,958
Total operating costs and expenses	453,719	357,417	840,639	717,363
Operating (loss) income	(32,731)	17,644	(32,622)	1,348
Interest expense	(5,814)	(1,620)	(12,431)	(3,894)
Other (expense) income, net	(636)	212	(1,403)	633
(Loss) earnings before income taxes	(39,181)	16,236	(46,456)	(1,913)
Income tax benefit (provision)	9,129	(3,025)	18,418	5,940
Net (loss) earnings	(30,052)	13,211	(28,038)	4,027
Net earnings attributable to noncontrolling interests	(241)	(544)	(324)	(318)
Net (loss) earnings attributable to Angi Inc. shareholders	$ (30,293)	$ 12,667	$ (28,362)	$ 3,709
Per share information attributable to Angi Inc. shareholders:
Basic (loss) per share (USD per share)	$ (0.06)	$ 0.03	$ (0.06)	$ 0.01
Diluted (loss) per share (USD per share)	$ (0.06)	$ 0.02	$ (0.06)	$ 0.01
Stock-based compensation expense by function:
Stock-Based Compensation Expense	$ 9,543	$ 14,759	$ 11,577	$ 40,334
Selling and marketing expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	865	720	1,882	1,723
General and administrative expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	7,410	13,131	7,494	36,111
Product development expense
Stock-based compensation expense by function:
Stock-Based Compensation Expense	$ 1,268	$ 908	$ 2,201	$ 2,500

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (30,052)	$ 13,211	$ (28,038)	$ 4,027
Other comprehensive income (loss):
Change in foreign currency translation adjustment	1,395	4,486	2,075	(2,082)
Comprehensive (loss) income	(28,657)	17,697	(25,963)	1,945
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net earnings attributable to noncontrolling interests	(241)	(544)	(324)	(318)
Change in foreign currency translation adjustment attributable to noncontrolling interests	(45)	767	(739)	721
Comprehensive (income) loss attributable to noncontrolling interests	(286)	223	(1,063)	403
Comprehensive (loss) income attributable to Angi Inc. shareholders	$ (28,943)	$ 17,920	$ (27,026)	$ 2,348

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Total Angi Inc. Shareholders' Equity	Redeemable Noncontrolling Interests	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2019			$ 26,663
Increase (Decrease) in Redeemable Noncontrolling Interests
Net earnings (loss)			(55)
Other comprehensive (loss) income			(687)
Stock-based compensation expense			15
Purchase of redeemable noncontrolling interests			(3,165)
Adjustment of redeemable noncontrolling interests to fair value			2,322
Balance at end of period at Jun. 30, 2020			25,093
Balance at beginning of period at Dec. 31, 2019	$ 1,323,552	$ 1,314,288		$ 87	$ 422	$ 1,357,075	$ 16,032	$ (1,379)	$ (57,949)	$ 9,264
Balance at beginning of period (shares) at Dec. 31, 2019				87,007,000	421,570,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	4,082	3,709					3,709			373
Other comprehensive (loss) income	(1,395)	(1,361)						(1,361)		(34)
Stock-based compensation expense	40,818	40,818				40,818
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(10,771)	(10,771)		$ 2		(10,773)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				2,069,000
Issuance of common stock to IAC pursuant to the employee matters agreement	(791)	(791)				(791)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)					187,000
Purchase of treasury stock	(54,859)	(54,859)							(54,859)
Adjustment of redeemable noncontrolling interests to fair value	(2,322)	(2,322)				(2,322)
Adjustment pursuant to the tax sharing agreement	3,613	3,613				3,613
Other	(1)	(2)				(2)				1
Balance at end of period at Jun. 30, 2020	1,301,926	1,292,322		$ 89	$ 422	1,387,618	19,741	(2,740)	(112,808)	9,604
Balance at end of period (shares) at Jun. 30, 2020				89,076,000	421,757,000
Balance at beginning of period at Mar. 31, 2020			23,813
Increase (Decrease) in Redeemable Noncontrolling Interests
Net earnings (loss)			220
Other comprehensive (loss) income			(786)
Adjustment of redeemable noncontrolling interests to fair value			1,846
Balance at end of period at Jun. 30, 2020			25,093
Balance at beginning of period at Mar. 31, 2020	1,291,010	1,281,750		$ 88	$ 422	1,379,079	7,074	(7,993)	(96,920)	9,260
Balance at beginning of period (shares) at Mar. 31, 2020				87,624,000	421,757,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	12,991	12,667					12,667			324
Other comprehensive (loss) income	5,272	5,253						5,253		19
Stock-based compensation expense	18,607	18,607				18,607
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(8,219)	(8,219)		$ 1		(8,220)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				1,452,000
Purchase of treasury stock	(15,888)	(15,888)							(15,888)
Adjustment of redeemable noncontrolling interests to fair value	(1,846)	(1,846)				(1,846)
Other	(1)	(2)				(2)				1
Balance at end of period at Jun. 30, 2020	1,301,926	1,292,322		$ 89	$ 422	1,387,618	19,741	(2,740)	(112,808)	9,604
Balance at end of period (shares) at Jun. 30, 2020				89,076,000	421,757,000
Balance at beginning of period at Dec. 31, 2020	26,364		26,364
Increase (Decrease) in Redeemable Noncontrolling Interests
Net earnings (loss)			(12)
Other comprehensive (loss) income			588
Purchase of redeemable noncontrolling interests			(22,938)
Adjustment of redeemable noncontrolling interests to fair value			534
Balance at end of period at Jun. 30, 2021	4,536		4,536
Balance at beginning of period at Dec. 31, 2020	1,282,857	1,272,290		$ 94	$ 422	1,379,469	9,749	4,637	(122,081)	10,567
Balance at beginning of period (shares) at Dec. 31, 2020				94,238,000	421,862,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(28,026)	(28,362)					(28,362)			336
Other comprehensive (loss) income	1,487	1,336						1,336		151
Stock-based compensation expense	14,019	14,019				14,019
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(54,741)	(54,741)		$ 2		(54,743)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				2,288,000
Issuance of common stock to IAC pursuant to the employee matters agreement	0			$ 3		(3)
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)				2,585,000	115,000
Purchase of treasury stock	(5,637)	(5,637)							(5,637)
Adjustment of redeemable noncontrolling interests to fair value	(534)	(534)				(534)
Balance at end of period at Jun. 30, 2021	1,209,425	1,198,371		$ 99	$ 422	1,338,208	(18,613)	5,973	(127,718)	11,054
Balance at end of period (shares) at Jun. 30, 2021				99,111,000	421,977,000
Balance at beginning of period at Mar. 31, 2021			4,608
Increase (Decrease) in Redeemable Noncontrolling Interests
Net earnings (loss)			48
Other comprehensive (loss) income			8
Adjustment of redeemable noncontrolling interests to fair value			(128)
Balance at end of period at Jun. 30, 2021	4,536		$ 4,536
Balance at beginning of period at Mar. 31, 2021	1,233,943	1,223,120		$ 98	$ 422	1,333,294	11,680	4,623	(126,997)	10,823
Balance at beginning of period (shares) at Mar. 31, 2021				98,408,000	421,958,000
Increase (Decrease) in Shareholders' Equity
Net (loss) earnings	(30,099)	(30,293)					(30,293)			194
Other comprehensive (loss) income	1,387	1,350						1,350		37
Stock-based compensation expense	11,477	11,477				11,477
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(6,690)	(6,690)		$ 1		(6,691)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)				697,000
Issuance of common stock to IAC pursuant to the employee matters agreement	0
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)				6,000	19,000
Purchase of treasury stock	(721)	(721)							(721)
Adjustment of redeemable noncontrolling interests to fair value	128	128				128
Balance at end of period at Jun. 30, 2021	$ 1,209,425	$ 1,198,371		$ 99	$ 422	$ 1,338,208	$ (18,613)	$ 5,973	$ (127,718)	$ 11,054
Balance at end of period (shares) at Jun. 30, 2021				99,111,000	421,977,000

CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net (loss) earnings	$ (28,038)	$ 4,027
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Provision for credit losses	42,731	39,338
Stock-based compensation expense	11,577	40,334
Depreciation	31,027	24,693
Amortization of intangibles	8,762	25,958
Deferred income taxes	(20,344)	(6,290)
Impairment of long-lived and right-of-use assets	12,280	188
Revenue reserves	4,667	4,070
Other adjustments, net	2,592	1,266
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	(63,192)	(48,222)
Other assets	8,376	7,132
Accounts payable and other liabilities	43,199	35,930
Income taxes payable and receivable	315	(502)
Deferred revenue	5,301	(125)
Net cash provided by operating activities	59,253	127,797
Cash flows from investing activities:
Capital expenditures	(35,713)	(24,665)
Proceeds from maturities of marketable debt securities	50,000	0
Net proceeds from the sale of a business	750	731
Net cash provided by (used in) investing activities	15,037	(23,934)
Cash flows from financing activities:
Principal payments on Term Loan	(220,000)	(6,875)
Purchase of treasury stock	(5,637)	(54,400)
Withholding taxes paid on behalf of employees on net settled stock-based awards	(54,596)	(11,494)
Distribution from IAC pursuant to the tax sharing agreement	0	3,071
Purchase of noncontrolling interests	(22,938)	(3,165)
Net cash used in financing activities	(303,171)	(72,863)
Total cash (used) provided	(228,881)	31,000
Effect of exchange rate changes on cash and cash equivalents and restricted cash	546	(702)
Net (decrease) increase in cash and cash equivalents and restricted cash	(228,335)	30,298
Cash and cash equivalents and restricted cash at beginning of period	813,561	391,478
Cash and cash equivalents and restricted cash at end of period	$ 585,226	$ 421,776

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

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Angi Inc. (the “Company”), formerly ANGI Homeservices Inc., connects quality home service professionals with consumers across 500 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 260,000 domestic service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended June 30, 2021. Additionally, consumers turned to at least one of our brands to find a professional for approximately 34 million projects during the twelve months ended June 30, 2021. The Company has two operating segments (i) North America (United States and Canada), which includes Angi (formerly Angie’s List), HomeAdvisor Powered by Angi, and Handy; and (ii) Europe, which includes Travaux, MyHammer, MyBuilder, Werkspot, and Instapro. As used herein, “Angi Inc.,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At June 30, 2021, IAC/InterActiveCorp (“IAC”) owned 84.1% and 98.1% of the economic interest and voting interest, respectively, of the Company. Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. See “Note 10—Related Party Transactions with IAC” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020. COVID-19 Update The impact on the Company from the COVID-19 pandemic and the measures designed to contain its spread has been varied and volatile. As previously disclosed, the initial impact of COVID-19 on the Company resulted in a decline in demand for service requests, driven primarily by decreases in demand in certain categories of jobs (particularly discretionary indoor projects). While we have experienced a rebound in service requests in the second half of 2020 and the first half of 2021, many service professionals’ businesses had been adversely impacted by labor and material constraints and many service professionals had limited capacity to take on new business, which negatively impacted our ability to monetize this increased level of service requests through the first quarter of 2021. Although our ability to monetize service requests rebounded modestly in the second quarter of 2021, we are still not back to levels we experienced pre-COVID-19. No assurances can be provided that we will continue to be able to improve monetization, or that service professionals’ businesses will not be adversely impacted in the future. The extent to which developments related to the COVID-19 pandemic and measures designed to curb its spread continue to impact the Company’s business, financial condition and results of operations will depend on future developments, all of which are highly uncertain and many of which are beyond the Company’s control, including the continuing spread of COVID-19, the severity of resurgences of COVID-19 caused by variant strains of the virus, the effectiveness of vaccines and attitudes toward receiving them, materials and supply chain constraints, labor shortages, the scope of governmental and other restrictions on travel, discretionary services and other activity, and public reactions to these developments. Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments, including those related to: the fair values of cash equivalents and marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses and the determination of revenue reserves; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets (“ROU assets”); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements, and equipment; the recoverability of goodwill and indefinite-lived intangible assets; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets, and other factors that the Company considers relevant. General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to the Company’s customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in “Note 7—Segment Information.” Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company’s performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of its performance obligation is one year or less. At December 31, 2020, the current and non-current deferred revenue balances were $54.7 million and $0.2 million, respectively, and during the six months ended June 30, 2021, the Company recognized $46.0 million of revenue that was included in the deferred revenue balance as of December 31, 2020. At December 31, 2019, the current and non-current deferred revenue balances were $58.2 million and $0.2 million, respectively, and during the six months ended June 30, 2020, the Company recognized $49.5 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at June 30, 2021 are $60.1 million and $0.1 million, respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under ASU No. 2014-09 Revenue from Contracts with Customers, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which the Company has the right to invoice for services performed. Commissions Paid to Employees Pursuant to Sales Incentive Programs The Company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalized as the incremental costs to obtain a contract with a customer. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. Capitalized commissions paid to employees pursuant to these sales incentive programs are amortized over the estimated customer relationship period. The Company calculates the anticipated customer relationship period as the average customer life, which is based on historical data. For sales incentive programs where the anticipated customer relationship period is one year or less, the Company has elected the practical expedient to expense the costs as incurred. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company uses a portfolio approach to assess the accounting treatment of the incremental costs to obtain a contract with a customer. The Company recognizes an asset for these costs if we expect to recover those costs. To the extent that these costs are capitalized, the resultant asset is amortized on a systematic basis consistent with the pattern of the transfer of the services to which the asset relates. The current contract assets are $44.9 million and $49.2 million at June 30, 2021 and December 31, 2020, respectively. The non-current assets are $1.3 million and $0.4 million at June 30, 2021 and December 31, 2020, respectively. The current and non-current capitalized costs to obtain a contract with a customer are included in "Other current assets" and "Other non-current assets" in the accompanying balance sheet. Recent Accounting Pronouncements There are no recently issued accounting pronouncements that have not yet been adopted 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.

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. In all periods presented, the income tax benefit and/or provision has been computed for the Company on an as if standalone, separate return basis and payments to and refunds from IAC for the Company’s share of IAC’s consolidated federal and state tax return liabilities/receivables calculated on this basis have been reflected within cash flows from operating activities in the accompanying consolidated statement of cash flows. The tax sharing agreement between the Company and IAC governs the parties’ respective rights, responsibilities and obligations with respect to tax matters, including responsibility for taxes attributable to the Company, entitlement to refunds, allocation of tax attributes and other matters and, therefore, ultimately governs the amount payable to or receivable from IAC with respect to income taxes. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. At the end of each interim period, the Company estimates the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences, and the likelihood of the realization of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or the Company’s tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision or benefit in the quarter in which the change occurs. Included in the income tax benefit for the three months ended June 30, 2021 is a benefit of $2.3 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 tax rate was primarily due to the increased impact of forecasted nondeductible items had on the increase in forecasted ordinary pre-tax losses. For the three and six months ended June 30, 2021, the Company recorded an income tax benefit of $9.1 million and $18.4 million, which represents an effective income tax rate of 23% and 40%, respectively. For the three months ended June 30, 2021, the effective income tax rate is higher than the statutory rate of 21% due primarily to benefits related to a change in the annual expected effective income tax rate, partially offset by nondeductible share based compensation expense. For the six months ended June 30, 2021, the effective income tax rate is higher than the statutory rate of 21% due primarily to excess tax benefits generated by the exercise and vesting for stock-based awards. For the three months ended June 30, 2020, the Company recorded an income tax provision of $3.0 million, which represents an effective income tax rate of 19%. The effective income tax rate is lower than the statutory rate of 21% due primarily to the impact of benefiting previously unbenefited foreign net operating loss carryforwards. For the six months ended June 30, 2020, the Company recorded an income tax benefit of $5.9 million due primarily to a $5.7 million reduction to deferred taxes due to the true-up of the state tax rate for an indefinite-lived intangible asset and the impact of benefiting previously unbenefited foreign net operating loss carryforwards. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. There are currently no accruals for interest and penalties. The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax as a result of previously filed separate company and consolidated tax returns with IAC. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service (“IRS”) has substantially completed its audit of IAC’s federal income tax returns for the years ended December 31, 2013 through 2017, which includes the operations of the Company. The statutes of limitations for the years 2013 through 2017 have been extended to June 30, 2022. Returns filed in various other jurisdictions are open to examination for various tax years beginning with 2009. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from examination of prior year tax returns. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. At June 30, 2021 and December 31, 2020, the Company has unrecognized tax benefits of $5.5 million and $5.3 million, respectively; all of which are for tax positions included in IAC’s consolidated tax return filings. If unrecognized tax benefits at June 30, 2021 are subsequently recognized, the income tax provision would be reduced by $5.2 million. The comparable amount as of December 31, 2020 is $5.1 million. The Company regularly assesses the realizability of deferred tax assets considering all available evidence including, to the extent applicable, the nature, frequency and severity of prior cumulative losses, forecasts of future taxable income, tax filing status, the duration of statutory carryforward periods, available tax planning and historical experience. The Company’s most significant net deferred tax asset relates to U.S. federal net operating loss ("NOL") carryforwards. The Company expects to generate sufficient future taxable income to fully realize this deferred tax asset prior to the expiration of these NOLs, the majority of which expire between 2030 and 2037, and a portion of which never expire.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Marketable Debt Securities

The Company did not hold any available-for-sale marketable debt securities at June 30, 2021.

At December 31, 2020, current available-for-sale marketable debt securities were as follows:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	49,995	$	—	$	—	$	49,995
Total available-for-sale marketable debt securities	$	49,995	$	—	$	—	$	49,995

The contractual maturities of debt securities classified as current available-for-sale at December 31, 2020 were within one year.

Fair Value Measurements

The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are:

•Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets.

•Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company’s Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used.

•Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities.

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:


	June 30, 2021
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	449,028	$	—	$	—	$	449,028

Time deposits	—		407		—		407


Total	$	449,028	$	407	$	—	$	449,435


	December 31, 2020
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	374,014	$	—	$	—	$	374,014
Treasury discount notes	—		324,995		—		324,995
Time deposits	—		2,721		—		2,721
Marketable debt securities:
Treasury discount notes	—		49,995		—		49,995
Total	$	374,014	$	377,711	$	—	$	751,725

Assets measured at fair value on a nonrecurring basis

The Company’s non-financial assets, such as goodwill, intangible assets, ROU assets, capitalized software, leasehold improvements and equipment are adjusted to fair value only when an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs.

During the three months ended June 30, 2021, the Company recorded $9.6 million in impairment charges on ROU assets, leasehold improvements, and furniture and equipment as a result of the Company reducing its real estate footprint. Impairment expense was determined by comparing the carrying value of each asset group related to each office space vacated to the estimated fair market value of cash inflows directly associated with each office space. Based on this analysis, if the carrying amount of the asset group is greater than the estimated future undiscounted cash flows, an impairment charge is recognized, measured as the amount by which the carrying amount exceeds the fair value of the asset.

Financial instruments measured at fair value only for disclosure purposes

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	June 30, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)

Long-term debt, net (a)	$	(494,195)	$	(495,600)	$	(712,277)	$	(725,700)

________________________

(a) At June 30, 2021 and December 31, 2020, the carrying value of long-term debt, net includes unamortized debt issuance costs of $5.8 million and $7.7 million, respectively.

The fair value of long-term debt is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

LONG-TERM DEBT

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of:


	June 30, 2021		December 31, 2020
	(In thousands)
3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021	$	500,000	$	500,000
ANGI Group Term Loan due November 5, 2023 (“ANGI Group Term Loan”)	—		220,000
Total long-term debt	500,000		720,000

Less: unamortized debt issuance costs	5,805		7,723
Total long-term debt, net	$	494,195	$	712,277

ANGI Group Senior Notes

The ANGI Group Senior Notes were issued on August 20, 2020, the proceeds of which are intended for general corporate purposes, including potential future acquisitions and return of capital. At any time prior to August 15, 2023, these notes may be redeemed at a redemption price equal to the sum of the principal amount thereof, plus accrued and unpaid interest and a make-whole premium. Thereafter, these notes may be redeemed at the redemption prices set forth in the indenture governing the notes, plus accrued and unpaid interest thereon, if any, to the applicable redemption date.

The indenture governing the ANGI Group Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio (as defined in the indenture) exceeds 3.75 to 1.0. At June 30, 2021, there were no limitations pursuant thereto.

ANGI Group Revolving Facility

The $250.0 million ANGI Group Revolving Facility, which otherwise would have expired on November 5, 2023, was terminated effective August 3, 2021. No amounts were ever drawn under the ANGI Group Revolving Facility prior to its termination.

ANGI Group Term Loan

As of May 6, 2021, the outstanding balance of the ANGI Group Term Loan was repaid in its entirety. The outstanding balance of the ANGI Group Term Loan at December 31, 2020 was $220.0 million and bore interest at 2.16%.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following tables present the components of accumulated other comprehensive income (loss):


	Three Months Ended June 30,
	2021				2020
	Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Income		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at April 1	$	4,623	$	4,623	$	(7,993)	$	(7,993)
Other comprehensive income	1,350		1,350		5,253		5,253
Balance at June 30	$	5,973	$	5,973	$	(2,740)	$	(2,740)


	Six Months Ended June 30,
	2021				2020
	Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Income		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at January 1	$	4,637	$	4,637	$	(1,379)	$	(1,379)
Other comprehensive income (loss)	1,336		1,336		(1,361)		(1,361)
Balance at June 30	$	5,973	$	5,973	$	(2,740)	$	(2,740)

At both June 30, 2021 and 2020, there was no tax benefit or provision on the accumulated other comprehensive income (loss).

(LOSS) EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:


	Three Months Ended June 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(30,052)	$	(30,052)	$	13,211	$	13,211
Net earnings attributable to noncontrolling interests	(241)		(241)		(544)		(544)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(30,293)	$	(30,293)	$	12,667	$	12,667

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	504,469		504,469		495,769		495,769
Dilutive securities (a) (b) (c)	—		—		—		14,765
Denominator for (loss) earnings per share—weighted average shares	504,469		504,469		495,769		510,534

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) earnings per share	$	(0.06)	$	(0.06)	$	0.03	$	0.02


	Six Months Ended June 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(28,038)	$	(28,038)	$	4,027	$	4,027
Net earnings attributable to noncontrolling interests	(324)		(324)		(318)		(318)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(28,362)	$	(28,362)	$	3,709	$	3,709

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	502,577		502,577		497,611		497,611
Dilutive securities (a) (b) (c)	—		—		—		11,136
Denominator for (loss) earnings per share—weighted average shares	502,577		502,577		497,611		508,747

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) Earnings per share	$	(0.06)	$	(0.06)	$	0.01	$	0.01

________________________

(a) For the three and six months ended June 30, 2021, the Company had a loss from operations and as a result, approximately 14.5 million potentially dilutive securities were excluded from computing dilutive earnings per share because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute all earnings per share amounts.

(b) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted stock units (“RSUs”). For the three and six months ended June 30, 2020, 4.9 million and 5.4 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

(c) Market-based awards and performance-based stock units (“PSUs”) are considered contingently issuable shares. Shares issuable upon exercise or vesting of market-based awards and PSUs are included in the denominator for earnings per share if (i) the applicable market or performance condition(s) has been met and (ii) the inclusion of the market-based awards and PSUs is dilutive for the respective reporting periods. For both the three and six months ended June 30, 2020, 3.4 million shares underlying market-based awards and PSUs were excluded from the calculation of diluted earnings per share because the market or performance condition(s) had not been met.

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

SEGMENT INFORMATION

The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with how the chief operating decision maker views the businesses. In addition, 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.

The following table presents revenue by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Revenue:
North America	$	399,945	$	357,417	$	760,986	$	681,549
Europe	21,043		17,644		47,031		37,162
Total	$	420,988	$	375,061	$	808,017	$	718,711

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,
	2021		2020		2021		2020
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	240,016	$	242,015	$	461,447	$	450,619
Angi Services revenue(b)	72,819		32,095		127,505		64,956
Service professional membership subscription revenue	12,390		13,017		24,342		26,794
Other revenue	2,372		6,046		5,353		9,580
Total Marketplace revenue	327,597		293,173		618,647		551,949
Advertising and Other revenue(c)	72,348		64,244		142,339		129,600
Total North America revenue	399,945		357,417		760,986		681,549
Europe
Consumer connection revenue(d)	17,345		13,945		39,696		29,634
Service professional membership subscription revenue	3,331		3,215		6,659		6,514
Advertising and other revenue	367		484		676		1,014
Total Europe revenue	21,043		17,644		47,031		37,162
Total revenue	$	420,988	$	375,061	$	808,017	$	718,711

________________________

(a) Includes fees paid by service professionals for consumer matches sourced through the marketplace platforms.

(b) Includes revenue from pre-priced offerings sourced through the marketplace platforms.

(c) Includes Angi revenue from service professionals under contract for advertising and Angi membership subscription fees from consumers, as well as revenue from HomeStars.

(d) Includes fees paid by service professionals for consumer matches.

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below.


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Revenue
United States	$	394,538	$	354,000	$	750,982	$	673,821
All other countries	26,450		21,061		57,035		44,890
Total	$	420,988	$	375,061	$	808,017	$	718,711


	June 30, 2021		December 31, 2020
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	101,605	$	97,841
All other countries	9,449		11,001
Total	$	111,054	$	108,842

The following tables present operating (loss) income and Adjusted EBITDA by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Operating (loss) income:
North America	$	(32,127)	$	16,190	$	(22,550)	$	8,082
Europe	(604)		1,454		(10,072)		(6,734)
Total	$	(32,731)	$	17,644	$	(32,622)	$	1,348


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Adjusted EBITDA(e):
North America	$	(5,302)	$	55,041	$	25,863	$	96,432
Europe	$	860	$	2,895	$	(7,119)	$	(4,099)

________________________

(e) The Company’s primary financial measure is Adjusted EBITDA, which is defined as operating (loss) income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of amortization of intangible assets and impairments of goodwill and intangible assets, if applicable. The Company believes this measure is useful for analysts and investors as this measure allows a more meaningful comparison between the Company’s performance and that of its competitors. Adjusted EBITDA has certain limitations because it excludes the impact of these expenses.

The following tables reconcile operating (loss) income for the Company’s reportable segments and net (loss) earnings attributable to Angi Inc. shareholders to Adjusted EBITDA:


	Three Months Ended June 30, 2021
	Operating Loss		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(32,127)	$	9,455	$	13,682	$	3,688	$	(5,302)
Europe	(604)		$	88	$	1,376	$	—	$	860
Operating loss	(32,731)
Interest expense	(5,814)
Other expense, net	(636)
Loss before income taxes	(39,181)
Income tax benefit	9,129
Net loss	(30,052)
Net earnings attributable to noncontrolling interests	(241)
Net loss attributable to Angi Inc. shareholders	$	(30,293)


	Three Months Ended June 30, 2020
	Operating Income		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	16,190	$	14,495	$	11,467	$	12,889	$	55,041
Europe	1,454		$	264	$	1,088	$	89	$	2,895
Operating income	17,644
Interest expense	(1,620)
Other income, net	212
Earnings before income taxes	16,236
Income tax provision	(3,025)
Net earnings	13,211
Net earnings attributable to noncontrolling interests	(544)
Net earnings attributable to Angi Inc. shareholders	$	12,667


	Six Months Ended June 30, 2021
	Operating Loss		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(22,550)	$	11,391	$	28,260	$	8,762	$	25,863
Europe	(10,072)		$	186	$	2,767	$	—	$	(7,119)
Operating loss	(32,622)
Interest expense	(12,431)
Other expense, net	(1,403)
Loss before income taxes	(46,456)
Income tax benefit	18,418
Net loss	(28,038)
Net earnings attributable to noncontrolling interests	(324)
Net loss attributable to Angi Inc. shareholders	$	(28,362)


	Six Months Ended June 30, 2020
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	8,082	$	39,807	$	22,764	$	25,779	$	96,432
Europe	(6,734)		$	527	$	1,929	$	179	$	(4,099)
Operating income	1,348
Interest expense	(3,894)
Other income, net	633
Loss before income taxes	(1,913)
Income tax benefit	5,940
Net earnings	4,027
Net earnings attributable to noncontrolling interests	(318)
Net earnings attributable to Angi Inc. shareholders	$	3,709

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

CONSOLIDATED FINANCIAL STATEMENT DETAILS

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

CONSOLIDATED FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the accompanying balance sheet to the total amounts shown in the accompanying statement of cash flows:


	June 30, 2021		December 31, 2020		June 30, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	584,260	$	812,705	$	420,985	$	390,565
Restricted cash included in other current assets	236		407		379		504
Restricted cash included in other non-current assets	730		449		412		409
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$	585,226	$	813,561	$	421,776	$	391,478

Restricted cash included in other current assets at June 30, 2021 and December 31, 2020 consisted of cash received from customers through the marketplace platforms, representing funds collected for payments to service providers which were not settled as of the period end, and cash reserved to fund insurance claims.

Restricted cash included in other current assets at June 30, 2020 primarily consisted of a deposit related to corporate credit cards and cash reserved to fund insurance claims at Angi Inc.

Restricted cash included in other current assets at December 31, 2019 primarily consisted of a deposit related to corporate credit cards.

Restricted cash included in other non-current assets for all periods presented above consisted of deposits related to leases.

Credit Losses and Revenue Reserve

The following table presents the changes in the credit loss reserve for the six months ended June 30, 2021 and 2020:


	2021		2020
	(In thousands)
Balance at January 1	$	26,046	$	19,066
Current period provision for credit losses	42,731		39,338
Write-offs charged against the credit loss reserve	(37,051)		(33,700)
Recoveries collected	1,351		1,283
Balance at June 30	$	33,077	$	25,987

The revenue reserve was $2.8 million and $2.0 million at June 30, 2021 and 2020, respectively. The total allowance for credit losses and revenue reserve was $35.9 million and $28.0 million as of June 30, 2021 and 2020, respectively.

Accumulated Amortization and Depreciation

The following table provides the accumulated amortization and depreciation within the consolidated balance sheet:


Asset Category	June 30, 2021		December 31, 2020
	(In thousands)
Right-of-use assets (included in “other non-current assets”)	$	50,345	$	40,800
Capitalized software, leasehold improvements, and equipment	$	87,347	$	95,438
Intangible assets	$	152,134	$	162,627

Other (expense) income, net


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
					(In thousands)
Interest income	$	50	$	161	$	147	$	1,432
Foreign exchange gains (losses)	407		78		(453)		(345)
Loss on extinguishment of debt(a)	(1,110)		—		(1,110)		—
Gain (loss) from acquisition/sale of a business(b)	17		(27)		13		(454)
Other (expense) income, net	$	(636)	$	212	$	(1,403)	$	633

________________________

(a) Represents the write-off of deferred debt issuance costs related to the ANGI Group Term Loan, which was repaid in its entirety during the second quarter of 2021.

(b) Loss from acquisition/sale of a business for the six months ended June 30, 2020 includes a $0.2 million mark-to-market charge for an indemnification charge related to the Handy acquisition that was settled in Angi Inc. shares during the first quarter of 2020 and a $0.3 million charge related to the final earn-out settlement related to the sale of Felix

CONTINGENCIES	6 Months Ended
CONTINGENCIES	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIESIn the ordinary course of business, the Company is a party to various lawsuits. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has not identified other legal matters where we believe an unfavorable outcome is probable and estimable; therefore, no reserve is established. Although management currently believes that resolving claims against us, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See “Note 2—Income Taxes” for additional information related to income tax contingencies.

RELATED PARTY TRANSACTIONS WITH IAC	6 Months Ended
RELATED PARTY TRANSACTIONS WITH IAC	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS WITH IAC	RELATED PARTY TRANSACTIONS WITH IAC Angi Inc. and IAC have entered into certain agreements to govern their relationship. These agreements include: a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement. For the three and six months ended June 30, 2021 and 2020, the Company was charged $1.2 million and $2.3 million, and $1.2 million and $2.4 million, respectively, by IAC for services rendered pursuant to the services agreement. There were no outstanding receivables or payables pursuant to the services agreement at June 30, 2021 or December 31, 2020. Additionally, the Company subleases office space to IAC and charged IAC $0.4 million and $0.8 million, and $0.4 million and $0.9 million of rent for the three and six months ended June 30, 2021 and 2020, respectively. At June 30, 2021, there were no outstanding receivables pursuant to the sublease agreements. At December 31, 2020 there was an outstanding receivable of less than $0.1 million due from IAC pursuant to the sublease agreements, which was subsequently paid in full in the first quarter of 2021. At June 30, 2021 and December 31, 2020, the Company had outstanding payables of $1.5 million and $0.9 million, respectively, due to IAC pursuant to the tax sharing agreement, which are included in “Accrued expenses and other current liabilities,” in the accompanying consolidated balance sheet. There were no payments to or refunds from IAC pursuant to this agreement during the three and six months ended June 30, 2021. There were $3.1 million of refunds received from IAC pursuant to this agreement during the three and six months ended June 30, 2020. For the three and six months ended June 30, 2021, less than 0.1 million and 0.1 million shares, respectively, of Angi Inc. Class B common stock were issued to IAC pursuant to the employee matters agreement as reimbursement for shares of IAC common stock issued in connection with the exercise and vesting of IAC equity awards held by Angi Inc. employees. For the six months ended June 30, 2020, 0.2 million shares of Angi Inc. Class B common stock were issued to IAC pursuant to the employee matters agreement. There were no shares issued to IAC pursuant to the employee matters agreement for the three months ended June 30, 2020. For the three and six months ended June 30, 2021, less than 0.1 million and 2.6 million shares, respectively, of Angi Inc. Class A common stock were issued to IAC pursuant to the employee matters agreement as reimbursement for IAC common stock issued in connection with the exercise and settlement of certain Angi Inc. stock appreciation rights. There were no shares of Angi Inc. Class A common stock issued to IAC during the three and six months ended June 30, 2020.

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn July 1, 2021, Angi Inc. acquired certain assets and assumed certain liabilities of Total Home Roofing, Inc., a leading residential roofing company, to accelerate the Angi Services roofing category. The $250.0 million ANGI Group Revolving Facility, which otherwise would have expired on November 5, 2023, was terminated effective August 3, 2021. No amounts were ever drawn under the ANGI Group Revolving Facility prior to its termination.

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Angi Inc. (the “Company”), formerly ANGI Homeservices Inc., connects quality home service professionals with consumers across 500 different categories, from repairing and remodeling homes to cleaning and landscaping. Over 260,000 domestic service professionals actively sought consumer matches, completed jobs, or advertised work through Angi Inc. platforms during the three months ended June 30, 2021. Additionally, consumers turned to at least one of our brands to find a professional for approximately 34 million projects during the twelve months ended June 30, 2021. The Company has two operating segments (i) North America (United States and Canada), which includes Angi (formerly Angie’s List), HomeAdvisor Powered by Angi, and Handy; and (ii) Europe, which includes Travaux, MyHammer, MyBuilder, Werkspot, and Instapro. As used herein, “Angi Inc.,” the “Company,” “we,” “our,” “us,” and similar terms refer to Angi Inc. and its subsidiaries (unless the context requires otherwise). At June 30, 2021, IAC/InterActiveCorp (“IAC”) owned 84.1% and 98.1% of the economic interest and voting interest, respectively, of the Company.
Basis of Presentation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. See “Note 10—Related Party Transactions with IAC” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020.
Basis of Consolidation	Basis of Presentation and Consolidation The Company prepares its consolidated financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”). The consolidated financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. All intercompany transactions between (i) Angi Inc. and (ii) IAC and its subsidiaries, with the exception of a promissory note payable to a foreign subsidiary of IAC, are considered to be effectively settled for cash at the time the transaction is recorded. See “Note 10—Related Party Transactions with IAC” for additional information on transactions between Angi Inc. and IAC. The Company is included within IAC’s tax group for purposes of federal and consolidated state income tax return filings. For the purpose of these financial statements, income taxes have been computed as if Angi Inc. filed tax returns on a standalone, separate tax return basis. Any differences between taxes currently payable to or receivable from IAC under the tax sharing agreement between the Company and IAC and the current tax provision computed on an as if standalone, separate return basis for GAAP are reflected as adjustments to additional paid-in capital and as financing activities within the statement of cash flows. The accompanying unaudited financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the accompanying unaudited financial statements include all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The accompanying unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto for the year ended December 31, 2020.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments, and assumptions during the preparation of its consolidated financial statements in accordance with GAAP. These estimates, judgments, and assumptions impact the reported amounts of assets, liabilities, revenue, and expenses and the related disclosure of contingent assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates and judgments, including those related to: the fair values of cash equivalents and marketable debt securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses and the determination of revenue reserves; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the carrying value of right-of-use assets (“ROU assets”); the useful lives and recoverability of definite-lived intangible assets and capitalized software, leasehold improvements, and equipment; the recoverability of goodwill and indefinite-lived intangible assets; unrecognized tax benefits; the valuation allowance for deferred income tax assets; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates and judgments on historical experience, its forecasts and budgets, and other factors that the Company considers relevant.
General Revenue Recognition	General Revenue Recognition Revenue is recognized when control of the promised services or goods is transferred to the Company’s customers and in the amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in “Note 7—Segment Information.” Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company’s performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term of the applicable subscription period or expected completion of its performance obligation is one year or less. At December 31, 2020, the current and non-current deferred revenue balances were $54.7 million and $0.2 million, respectively, and during the six months ended June 30, 2021, the Company recognized $46.0 million of revenue that was included in the deferred revenue balance as of December 31, 2020. At December 31, 2019, the current and non-current deferred revenue balances were $58.2 million and $0.2 million, respectively, and during the six months ended June 30, 2020, the Company recognized $49.5 million of revenue that was included in the deferred revenue balance as of December 31, 2019. The current and non-current deferred revenue balances at June 30, 2021 are $60.1 million and $0.1 million, respectively. Non-current deferred revenue is included in “Other long-term liabilities” in the accompanying consolidated balance sheet. Practical Expedients and Exemptions As permitted under the practical expedient available under ASU No. 2014-09 Revenue from Contracts with Customers, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which the Company has the right to invoice for services performed. Commissions Paid to Employees Pursuant to Sales Incentive Programs The Company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalized as the incremental costs to obtain a contract with a customer. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. Capitalized commissions paid to employees pursuant to these sales incentive programs are amortized over the estimated customer relationship period. The Company calculates the anticipated customer relationship period as the average customer life, which is based on historical data. For sales incentive programs where the anticipated customer relationship period is one year or less, the Company has elected the practical expedient to expense the costs as incurred. Assets Recognized from the Costs to Obtain a Contract with a Customer The Company uses a portfolio approach to assess the accounting treatment of the incremental costs to obtain a contract with a customer. The Company recognizes an asset for these costs if we expect to recover those costs. To the extent that these costs are capitalized, the resultant asset is amortized on a systematic basis consistent with the pattern of the transfer of the services to which the asset relates. The current contract assets are $44.9 million and $49.2 million at June 30, 2021 and December 31, 2020, respectively. The non-current assets are $1.3 million and $0.4 million at June 30, 2021 and December 31, 2020, respectively. The current and non-current capitalized costs to obtain a contract with a customer are included in "Other current assets" and "Other non-current assets" in the accompanying balance sheet.
Recent Accounting Pronouncements	Recent Accounting PronouncementsThere are no recently issued accounting pronouncements that have not yet been adopted 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.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

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+ Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value Disclosures [Abstract]

Schedule of Available-for-sale Debt Securities

At December 31, 2020, current available-for-sale marketable debt securities were as follows:


	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	49,995	$	—	$	—	$	49,995
Total available-for-sale marketable debt securities	$	49,995	$	—	$	—	$	49,995

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:


	June 30, 2021
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	449,028	$	—	$	—	$	449,028

Time deposits	—		407		—		407


Total	$	449,028	$	407	$	—	$	449,435


	December 31, 2020
	Quoted Market Prices for Identical Assets in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	374,014	$	—	$	—	$	374,014
Treasury discount notes	—		324,995		—		324,995
Time deposits	—		2,721		—		2,721
Marketable debt securities:
Treasury discount notes	—		49,995		—		49,995
Total	$	374,014	$	377,711	$	—	$	751,725

Schedule of Carrying Value and Fair Value of Financial Instruments

The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:


	June 30, 2021				December 31, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(In thousands)

Long-term debt, net (a)	$	(494,195)	$	(495,600)	$	(712,277)	$	(725,700)

________________________

(a) At June 30, 2021 and December 31, 2020, the carrying value of long-term debt, net includes unamortized debt issuance costs of $5.8 million and $7.7 million, respectively.

LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of:


	June 30, 2021		December 31, 2020
	(In thousands)
3.875% ANGI Group Senior Notes due August 15, 2028 (“ANGI Group Senior Notes”); interest payable each February 15 and August 15, commencing February 15, 2021	$	500,000	$	500,000
ANGI Group Term Loan due November 5, 2023 (“ANGI Group Term Loan”)	—		220,000
Total long-term debt	500,000		720,000

Less: unamortized debt issuance costs	5,805		7,723
Total long-term debt, net	$	494,195	$	712,277

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

6 Months Ended

Jun. 30, 2021

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive income (loss):


	Three Months Ended June 30,
	2021				2020
	Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Income		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at April 1	$	4,623	$	4,623	$	(7,993)	$	(7,993)
Other comprehensive income	1,350		1,350		5,253		5,253
Balance at June 30	$	5,973	$	5,973	$	(2,740)	$	(2,740)


	Six Months Ended June 30,
	2021				2020
	Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Income		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
	(In thousands)
Balance at January 1	$	4,637	$	4,637	$	(1,379)	$	(1,379)
Other comprehensive income (loss)	1,336		1,336		(1,361)		(1,361)
Balance at June 30	$	5,973	$	5,973	$	(2,740)	$	(2,740)

(LOSS) EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted (Loss) Earnings per Share

The following table sets forth the computation of basic and diluted (loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:


	Three Months Ended June 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(30,052)	$	(30,052)	$	13,211	$	13,211
Net earnings attributable to noncontrolling interests	(241)		(241)		(544)		(544)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(30,293)	$	(30,293)	$	12,667	$	12,667

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	504,469		504,469		495,769		495,769
Dilutive securities (a) (b) (c)	—		—		—		14,765
Denominator for (loss) earnings per share—weighted average shares	504,469		504,469		495,769		510,534

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) earnings per share	$	(0.06)	$	(0.06)	$	0.03	$	0.02


	Six Months Ended June 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
	(In thousands, except per share data)
Numerator:
Net (loss) earnings	$	(28,038)	$	(28,038)	$	4,027	$	4,027
Net earnings attributable to noncontrolling interests	(324)		(324)		(318)		(318)
Net (loss) earnings attributable to Angi Inc. Class A and Class B Common Stock shareholders	$	(28,362)	$	(28,362)	$	3,709	$	3,709

Denominator:
Weighted average basic Class A and Class B common stock shares outstanding	502,577		502,577		497,611		497,611
Dilutive securities (a) (b) (c)	—		—		—		11,136
Denominator for (loss) earnings per share—weighted average shares	502,577		502,577		497,611		508,747

(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
(Loss) Earnings per share	$	(0.06)	$	(0.06)	$	0.01	$	0.01

________________________

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Segmented Revenue Disaggregated by Service

The following table presents revenue by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Revenue:
North America	$	399,945	$	357,417	$	760,986	$	681,549
Europe	21,043		17,644		47,031		37,162
Total	$	420,988	$	375,061	$	808,017	$	718,711

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,
	2021		2020		2021		2020
	(In thousands)
North America
Marketplace:
Consumer connection revenue(a)	$	240,016	$	242,015	$	461,447	$	450,619
Angi Services revenue(b)	72,819		32,095		127,505		64,956
Service professional membership subscription revenue	12,390		13,017		24,342		26,794
Other revenue	2,372		6,046		5,353		9,580
Total Marketplace revenue	327,597		293,173		618,647		551,949
Advertising and Other revenue(c)	72,348		64,244		142,339		129,600
Total North America revenue	399,945		357,417		760,986		681,549
Europe
Consumer connection revenue(d)	17,345		13,945		39,696		29,634
Service professional membership subscription revenue	3,331		3,215		6,659		6,514
Advertising and other revenue	367		484		676		1,014
Total Europe revenue	21,043		17,644		47,031		37,162
Total revenue	$	420,988	$	375,061	$	808,017	$	718,711

________________________

(a) Includes fees paid by service professionals for consumer matches sourced through the marketplace platforms.

(b) Includes revenue from pre-priced offerings sourced through the marketplace platforms.

(c) Includes Angi revenue from service professionals under contract for advertising and Angi membership subscription fees from consumers, as well as revenue from HomeStars.

(d) Includes fees paid by service professionals for consumer matches.

Schedule of Revenue from External Customers by Geographic Areas

Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below.


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Revenue
United States	$	394,538	$	354,000	$	750,982	$	673,821
All other countries	26,450		21,061		57,035		44,890
Total	$	420,988	$	375,061	$	808,017	$	718,711

Schedule of Revenue and Long-lived Assets by Geographic Areas


	June 30, 2021		December 31, 2020
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	101,605	$	97,841
All other countries	9,449		11,001
Total	$	111,054	$	108,842

Schedule of Segment Reporting Information

The following tables present operating (loss) income and Adjusted EBITDA by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Operating (loss) income:
North America	$	(32,127)	$	16,190	$	(22,550)	$	8,082
Europe	(604)		1,454		(10,072)		(6,734)
Total	$	(32,731)	$	17,644	$	(32,622)	$	1,348


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(In thousands)
Adjusted EBITDA(e):
North America	$	(5,302)	$	55,041	$	25,863	$	96,432
Europe	$	860	$	2,895	$	(7,119)	$	(4,099)

________________________

Schedule of Reconciliation of Operating Income to Adjusted EBITDA

The following tables reconcile operating (loss) income for the Company’s reportable segments and net (loss) earnings attributable to Angi Inc. shareholders to Adjusted EBITDA:


	Three Months Ended June 30, 2021
	Operating Loss		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(32,127)	$	9,455	$	13,682	$	3,688	$	(5,302)
Europe	(604)		$	88	$	1,376	$	—	$	860
Operating loss	(32,731)
Interest expense	(5,814)
Other expense, net	(636)
Loss before income taxes	(39,181)
Income tax benefit	9,129
Net loss	(30,052)
Net earnings attributable to noncontrolling interests	(241)
Net loss attributable to Angi Inc. shareholders	$	(30,293)


	Three Months Ended June 30, 2020
	Operating Income		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	16,190	$	14,495	$	11,467	$	12,889	$	55,041
Europe	1,454		$	264	$	1,088	$	89	$	2,895
Operating income	17,644
Interest expense	(1,620)
Other income, net	212
Earnings before income taxes	16,236
Income tax provision	(3,025)
Net earnings	13,211
Net earnings attributable to noncontrolling interests	(544)
Net earnings attributable to Angi Inc. shareholders	$	12,667


	Six Months Ended June 30, 2021
	Operating Loss		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	(22,550)	$	11,391	$	28,260	$	8,762	$	25,863
Europe	(10,072)		$	186	$	2,767	$	—	$	(7,119)
Operating loss	(32,622)
Interest expense	(12,431)
Other expense, net	(1,403)
Loss before income taxes	(46,456)
Income tax benefit	18,418
Net loss	(28,038)
Net earnings attributable to noncontrolling interests	(324)
Net loss attributable to Angi Inc. shareholders	$	(28,362)


	Six Months Ended June 30, 2020
	Operating Income (Loss)		Stock-Based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA
	(In thousands)
North America	$	8,082	$	39,807	$	22,764	$	25,779	$	96,432
Europe	(6,734)		$	527	$	1,929	$	179	$	(4,099)
Operating income	1,348
Interest expense	(3,894)
Other income, net	633
Loss before income taxes	(1,913)
Income tax benefit	5,940
Net earnings	4,027
Net earnings attributable to noncontrolling interests	(318)
Net earnings attributable to Angi Inc. shareholders	$	3,709

CONSOLIDATED FINANCIAL STATEMENT DETAILS (Tables)

6 Months Ended

Jun. 30, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents


	June 30, 2021		December 31, 2020		June 30, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	584,260	$	812,705	$	420,985	$	390,565
Restricted cash included in other current assets	236		407		379		504
Restricted cash included in other non-current assets	730		449		412		409
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$	585,226	$	813,561	$	421,776	$	391,478

Schedule of Restricted Cash


	June 30, 2021		December 31, 2020		June 30, 2020		December 31, 2019
	(In thousands)
Cash and cash equivalents	$	584,260	$	812,705	$	420,985	$	390,565
Restricted cash included in other current assets	236		407		379		504
Restricted cash included in other non-current assets	730		449		412		409
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$	585,226	$	813,561	$	421,776	$	391,478

Schedule of Allowance for Credit Loss

The following table presents the changes in the credit loss reserve for the six months ended June 30, 2021 and 2020:


	2021		2020
	(In thousands)
Balance at January 1	$	26,046	$	19,066
Current period provision for credit losses	42,731		39,338
Write-offs charged against the credit loss reserve	(37,051)		(33,700)
Recoveries collected	1,351		1,283
Balance at June 30	$	33,077	$	25,987

Schedule of Accumulated Amortization and Depreciation

The following table provides the accumulated amortization and depreciation within the consolidated balance sheet:


Asset Category	June 30, 2021		December 31, 2020
	(In thousands)
Right-of-use assets (included in “other non-current assets”)	$	50,345	$	40,800
Capitalized software, leasehold improvements, and equipment	$	87,347	$	95,438
Intangible assets	$	152,134	$	162,627

Schedule of Other (Expense) Income, Net


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
					(In thousands)
Interest income	$	50	$	161	$	147	$	1,432
Foreign exchange gains (losses)	407		78		(453)		(345)
Loss on extinguishment of debt(a)	(1,110)		—		(1,110)		—
Gain (loss) from acquisition/sale of a business(b)	17		(27)		13		(454)
Other (expense) income, net	$	(636)	$	212	$	(1,403)	$	633

________________________

(a) Represents the write-off of deferred debt issuance costs related to the ANGI Group Term Loan, which was repaid in its entirety during the second quarter of 2021.

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) professional in Thousands, $ in Thousands, project in Millions	6 Months Ended
	Jun. 30, 2021 USD ($) category professional project segment	Jun. 30, 2020 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Noncontrolling Interest [Line Items]
Number of service categories \| category	500
Number of domestic service professionals (over) \| professional	260
Number of projects (more than) \| project	34
Number of operating segments \| segment	2
Current deferred revenue	$ 60,053		$ 54,654	$ 58,200
Noncurrent deferred revenue	100		200	$ 200
Deferred revenue recognized during period	46,000	$ 49,500
Noncurrent capitalized sales commissions	44,900		49,200
Noncurrent capitalized sales commissions	$ 1,300		$ 400
Angi \| Class B Common Stock \| IAC
Noncontrolling Interest [Line Items]
Economic interest (as a percent)	84.10%
Voting interest (as a percent)	98.10%

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax benefit (provision), due to higher estimated effective tax rate	$ 2,300
Income tax benefit (provision)	$ 9,129	$ (3,025)	$ 18,418	$ 5,940
Effective income tax rate (as a percent)	23.00%	19.00%	40.00%
Reduction to deferred taxes				$ 5,700
Unrecognized tax benefits, including interest	$ 5,500		$ 5,500		$ 5,300
Unrecognized tax benefits that if subsequently recognized would reduce income tax expense	$ 5,200		$ 5,200		$ 5,100

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

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

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets:
Marketable debt securities	$ 0	$ 49,995,000
Total	449,435,000	751,725,000
Treasury discount notes
Assets:
Marketable debt securities		49,995,000
Money market funds
Assets:
Cash equivalents	449,028,000	374,014,000
Treasury discount notes
Assets:
Cash equivalents		324,995,000
Time deposits
Assets:
Cash equivalents	407,000	2,721,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1)
Assets:
Total	449,028,000	374,014,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1) \| Treasury discount notes
Assets:
Marketable debt securities		0
Quoted Market Prices for Identical Assets in Active Markets (Level 1) \| Money market funds
Assets:
Cash equivalents	449,028,000	374,014,000
Quoted Market Prices for Identical Assets in Active Markets (Level 1) \| Treasury discount notes
Assets:
Cash equivalents		0
Quoted Market Prices for Identical Assets in Active Markets (Level 1) \| Time deposits
Assets:
Cash equivalents	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Total	407,000	377,711,000
Significant Other Observable Inputs (Level 2) \| Treasury discount notes
Assets:
Marketable debt securities		49,995,000
Significant Other Observable Inputs (Level 2) \| Money market funds
Assets:
Cash equivalents	0	0
Significant Other Observable Inputs (Level 2) \| Treasury discount notes
Assets:
Cash equivalents		324,995,000
Significant Other Observable Inputs (Level 2) \| Time deposits
Assets:
Cash equivalents	407,000	2,721,000
Significant Unobservable Inputs (Level 3)
Assets:
Total	0	0
Significant Unobservable Inputs (Level 3) \| Treasury discount notes
Assets:
Marketable debt securities		0
Significant Unobservable Inputs (Level 3) \| Money market funds
Assets:
Cash equivalents	0	0
Significant Unobservable Inputs (Level 3) \| Treasury discount notes
Assets:
Cash equivalents		0
Significant Unobservable Inputs (Level 3) \| Time deposits
Assets:
Cash equivalents	$ 0	$ 0

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021 USD ($)
Fair Value Disclosures [Abstract]
Impairment charges on ROU assets	$ 9.6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Carrying Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	$ (494,195)	$ (712,277)
Unamortized debt issuance costs	5,800	7,700
Fair Value
Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, net	$ (495,600)	$ (725,700)

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument
Total long-term debt	$ 500,000	$ 720,000
Less: unamortized debt issuance costs	5,805	7,723
Total long-term debt, net	494,195	712,277
3.875% Senior Notes \| Senior Notes
Debt Instrument
Total long-term debt	$ 500,000	500,000
Interest rate, stated percentage	3.875%
Term Loan \| Term Loan
Debt Instrument
Total long-term debt	$ 0	$ 220,000

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

LONG-TERM DEBT - Narrative (Details)	3 Months Ended
LONG-TERM DEBT - Narrative (Details)	Mar. 31, 2021	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument
Outstanding balance under ANGI Group Term Loan		$ 500,000,000	$ 720,000,000
3.875% Senior Notes \| Senior Notes
Debt Instrument
Leverage ratio, maximum		3.75
Outstanding balance under ANGI Group Term Loan		$ 500,000,000	500,000,000
Credit Facility \| Revolving Credit Facility
Debt Instrument
Maximum borrowing capacity of credit facility		250,000,000.0
Term Loan \| Term Loan
Debt Instrument
Outstanding balance under ANGI Group Term Loan		$ 0	$ 220,000,000
Basis spread on variable rate (as a percent)	2.16%

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period			$ 1,272,290,000
Balance at end of period	$ 1,198,371,000		1,198,371,000
Income tax provision (benefit)	(9,129,000)	$ 3,025,000	(18,418,000)	$ (5,940,000)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	4,623,000	(7,993,000)	4,637,000	(1,379,000)
Other comprehensive income (loss)	1,350,000	5,253,000	1,336,000	(1,361,000)
Balance at end of period	5,973,000	(2,740,000)	5,973,000	(2,740,000)
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	4,623,000	(7,993,000)	4,637,000	(1,379,000)
Other comprehensive income (loss)	1,350,000	5,253,000	1,336,000	(1,361,000)
Balance at end of period	$ 5,973,000	$ (2,740,000)	5,973,000	(2,740,000)
Income tax provision (benefit)			$ 0	$ 0

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

(LOSS) EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share [Abstract]
Net (loss) earnings	$ (30,052)	$ 13,211	$ (28,038)	$ 4,027
Net earnings attributable to noncontrolling interests	(241)	(544)	(324)	(318)
Net (loss) earnings attributable to Angi Inc. shareholders	$ (30,293)	$ 12,667	$ (28,362)	$ 3,709
Weighted average basic Class A and Class B common stock shares outstanding, basic (shares)	504,469	495,769	502,577	497,611
Dilutive securities (shares)	0	14,765	0	11,136
Denominator for earnings per share - weighted average shares, diluted (shares)	504,469	510,534	502,577	508,747
(Loss) earnings per share attributable to Angi Inc. Class A and Class B Common Stock shareholders:
Basic (loss) earnings per share (USD per share)	$ (0.06)	$ 0.03	$ (0.06)	$ 0.01
Diluted (loss) earnings per share (USD per share)	$ (0.06)	$ 0.02	$ (0.06)	$ 0.01
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	14,500		14,500
Stock Options and Subsidiary Denominated Equity and Vesting of Restricted Common Stock, Restricted Stock Units (RSU's)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	4,900		5,400
Market-based Awards and PSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)	3,400		3,400

SEGMENT INFORMATION - Segmented Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Revenue from contracts with customers	$ 420,988	$ 375,061	$ 808,017	$ 718,711
North America
Segment Reporting Information [Line Items]
Revenue from contracts with customers	399,945	357,417	760,986	681,549
North America \| Total Marketplace revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	327,597	293,173	618,647	551,949
North America \| Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	240,016	242,015	461,447	450,619
North America \| Angi Services revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	72,819	32,095	127,505	64,956
North America \| Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	12,390	13,017	24,342	26,794
North America \| Other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	2,372	6,046	5,353	9,580
North America \| Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	72,348	64,244	142,339	129,600
Europe
Segment Reporting Information [Line Items]
Revenue from contracts with customers	21,043	17,644	47,031	37,162
Europe \| Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	17,345	13,945	39,696	29,634
Europe \| Service professional membership subscription revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	3,331	3,215	6,659	6,514
Europe \| Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue from contracts with customers	$ 367	$ 484	$ 676	$ 1,014

SEGMENT INFORMATION - Revenue and Long-Lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Revenue and Long-lived Assets by Geography
Revenue	$ 420,988	$ 375,061	$ 808,017	$ 718,711
Long-lived assets (excluding goodwill and intangible assets):	111,054		111,054		$ 108,842
United States
Revenue and Long-lived Assets by Geography
Revenue	394,538	354,000	750,982	673,821
Long-lived assets (excluding goodwill and intangible assets):	101,605		101,605		97,841
All other countries
Revenue and Long-lived Assets by Geography
Revenue	26,450	$ 21,061	57,035	$ 44,890
Long-lived assets (excluding goodwill and intangible assets):	$ 9,449		$ 9,449		$ 11,001

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

SEGMENT INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Operating income (loss)	$ (32,731)	$ 17,644	$ (32,622)	$ 1,348
North America
Segment Reporting Information [Line Items]
Operating income (loss)	(32,127)	16,190	(22,550)	8,082
Adjusted EBITDA	(5,302)	55,041	25,863	96,432
Europe
Segment Reporting Information [Line Items]
Operating income (loss)	(604)	1,454	(10,072)	(6,734)
Adjusted EBITDA	$ 860	$ 2,895	$ (7,119)	$ (4,099)

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	$ (32,731)	$ 17,644	$ (32,622)	$ 1,348
Stock-Based Compensation Expense	9,543	14,759	11,577	40,334
Amortization of Intangibles	3,688	12,978	8,762	25,958
Interest expense	(5,814)	(1,620)	(12,431)	(3,894)
Other (expense) income, net	(636)	212	(1,403)	633
(Loss) earnings before income taxes	(39,181)	16,236	(46,456)	(1,913)
Income tax benefit (provision)	9,129	(3,025)	18,418	5,940
Net (loss) earnings	(30,052)	13,211	(28,038)	4,027
Net earnings attributable to noncontrolling interests	(241)	(544)	(324)	(318)
Net (loss) earnings attributable to Angi Inc. shareholders	(30,293)	12,667	(28,362)	3,709
North America
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(32,127)	16,190	(22,550)	8,082
Stock-Based Compensation Expense	9,455	14,495	11,391	39,807
Depreciation	13,682	11,467	28,260	22,764
Amortization of Intangibles	3,688	12,889	8,762	25,779
Adjusted EBITDA	(5,302)	55,041	25,863	96,432
Europe
Segment Reporting, Other Significant Reconciling Item
Operating income (loss)	(604)	1,454	(10,072)	(6,734)
Stock-Based Compensation Expense	88	264	186	527
Depreciation	1,376	1,088	2,767	1,929
Amortization of Intangibles	0	89	0	179
Adjusted EBITDA	$ 860	$ 2,895	$ (7,119)	$ (4,099)

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 584,260	$ 812,705	$ 420,985	$ 390,565
Restricted cash included in other current assets	236	407	379	504
Restricted cash included in other non-current assets	730	449	412	409
Total cash and cash equivalents, and restricted cash as shown on the consolidated statement of cash flows	$ 585,226	$ 813,561	$ 421,776	$ 391,478

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 26,046	$ 19,066
Current period provision for credit losses	42,731	39,338
Write-offs charged against the credit loss reserve	(37,051)	(33,700)
Recoveries collected	1,351	1,283
Balance at June 30	33,077	25,987
Revenue reserve	2,800	2,000
Allowance and reserves	$ 35,862	$ 28,000	$ 27,839

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Depreciation, Depletion and Amortization [Abstract]
Right-of-use assets (included in “other non-current assets”)	$ 50,345	$ 40,800
Capitalized software, leasehold improvements, and equipment	87,347	95,438
Intangible assets	$ 152,134	$ 162,627

CONSOLIDATED FINANCIAL STATEMENT DETAILS - Other (expense) income, Net (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Interest income	$ 50	$ 161		$ 147	$ 1,432
Foreign exchange gains (losses)	407	78		(453)	(345)
Loss on extinguishment of debt	(1,110)	0		(1,110)	0
Gain (loss) from acquisition/sale of a business	17	(27)		13	(454)
Other (expense) income, net	$ (636)	$ 212		$ (1,403)	633
Mark-to-market loss on an indemnification claim related to Handy acquisition					$ 200
Charge related to final earn-out settlement related to sale of Felix			$ 300

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

RELATED PARTY TRANSACTIONS WITH IAC - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Distribution from IAC pursuant to the tax sharing agreement			$ 0	$ 3,071,000
IAC \| Services Agreement
Related Party Transaction [Line Items]
Charges for services rendered pursuant to the services agreement	$ 1,200,000	$ 1,200,000	2,300,000	2,400,000
Outstanding payables due	0		0		$ 0
Outstanding receivable due	0		0		0
IAC \| Sublease Agreement
Related Party Transaction [Line Items]
Outstanding receivable due	0		0		100,000
Revenue from related parties	400,000	400,000	800,000	900,000
IAC \| Tax Sharing Agreement
Related Party Transaction [Line Items]
Outstanding payables due	1,500,000		1,500,000		$ 900,000
Distribution to IAC pursuant to the tax sharing agreement	$ 0		$ 0
Distribution from IAC pursuant to the tax sharing agreement		$ 3,100,000		$ 3,100,000
IAC \| Employee Matters Agreement \| Class B Common Stock
Related Party Transaction [Line Items]
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)	100,000	0	100,000	200,000
IAC \| Employee Matters Agreement \| Class A Common Stock
Related Party Transaction [Line Items]
Issuance of common stock to IAC pursuant to the employee matters agreement (shares)	100,000	0	2,600,000	0

SUBSEQUENT EVENTS (Details)	Jun. 30, 2021 USD ($)
Revolving Credit Facility \| Credit Facility
Subsequent Event [Line Items]
Maximum borrowing capacity of credit facility	$ 250,000,000.0