0001800227-24-000039 | 10-Q | XBRL Viewer

Print Document

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations IAC today is comprised of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, as well as others ranging from early stage to established businesses. As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise). Total Home Roofing, LLC Sale On November 1, 2023, Angi Inc. completed the sale of 100% of its wholly-owned subsidiary, Total Home Roofing, LLC ("Roofing"), and has reflected it as a discontinued operation in its standalone financial statements. Roofing does not meet the threshold to be reflected as a discontinued operation at the IAC level. During the fourth quarter of 2023, IAC moved Roofing to Emerging & Other and prior period financial information has been recast to conform to this presentation. Following IAC's move of Roofing to Emerging & Other, Angi Inc. has three operating segments: (i) Ads and Leads, (ii) Services and (iii) International (includes Europe and Canada). Basis of Presentation The Company prepares its consolidated financial statements (referred to herein as "financial statements") in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). The financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability of right-of-use assets ("ROU assets"); the useful lives and recoverability of buildings, capitalized software, equipment and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant. Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from a variable rate to a fixed rate to manage interest rate risk exposure, beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, Derivatives and Hedging. As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See "Note 3—Long-term Debt" for additional information. General Revenue Recognition The Company accounts for a contract with a customer when it has approval and commitment from all authorized parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in "Note 5—Segment Information." Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term or expected completion of its performance obligation is one year or less. The current and non-current deferred revenue balances were $120.6 million and $0.1 million, respectively, at June 30, 2024, and $143.4 million and $0.1 million, respectively, at December 31, 2023. During the six months ended June 30, 2024, the Company recognized $97.5 million of revenue that was included in the deferred revenue balance at December 31, 2023. The change in the deferred revenue balance from December 31, 2023 to June 30, 2024 also reflects the reduction of $33.2 million related to the sale of Mosaic Group in the first quarter of 2024. During the six months ended June 30, 2023, the Company recognized $127.3 million of revenue that was included in the deferred revenue balance at December 31, 2022. The current and non-current deferred revenue balances were $157.1 million and $0.2 million, respectively, at December 31, 2022. Non-current deferred revenue is included in "Other long-term liabilities" in the balance sheet. Practical Expedients and Exemptions For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, allocated entirely to unsatisfied performance obligations, or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which it has the right to invoice for services performed. The Company also applies the practical expedient to expense sales commissions as incurred where the anticipated customer relationship period is one year or less. Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google. For the three and six months ended June 30, 2024, total revenue earned from Google was $126.5 million and $257.9 million, respectively, representing 13% and 14%, respectively, of the Company's revenue. The total revenue earned from the Services Agreement for the three and six months ended June 30, 2024 was $98.5 million and $201.4 million, respectively, representing 10% and 11%, respectively, of the Company's total revenue. For the three and six months ended June 30, 2023, total revenue earned from Google was $197.9 million and $370.8 million, respectively, representing 18% and 17%, respectively, of the Company's revenue. The total revenue earned from the Services Agreement for the three and six months ended June 30, 2023 was $164.6 million and $303.3 million, respectively, representing 15% and 14%, respectively, of the Company's total revenue. The related accounts receivable totaled $42.5 million and $52.2 million at June 30, 2024 and December 31, 2023, respectively. The revenue attributable to the Services Agreement is earned by Ask Media Group and the Desktop business, which comprise the Search segment. For the three and six months ended June 30, 2024, revenue earned from the Services Agreement was $81.8 million and $167.2 million, respectively, within Ask Media Group and $16.7 million and $34.2 million, respectively, within the Desktop business. For the three and six months ended June 30, 2023, revenue earned from the Services Agreement was $146.1 million and $266.4 million, respectively, within Ask Media Group and $18.4 million and $37.0 million, respectively, within the Desktop business. The Services Agreement requires that the Company comply with certain guidelines promulgated by Google. Google may generally unilaterally update its policies and guidelines without advance notice. These updates may be specific to the Services Agreement or could be more general and thereby impact the Company as well as other companies. These policy and guideline updates have in the past and could in the future require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which have been and could be costly to address or negatively impact revenue and have had and in the future could have an adverse effect on our financial condition and results of operations. Recent Accounting Pronouncements Recent Accounting Pronouncements Adopted by the Company There were no recently issued accounting pronouncements adopted by the Company during the six months ended June 30, 2024. Recent Accounting Pronouncements Not Yet Adopted by the Company Accounting Standards Update ("ASU") 2023-07—Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU No. 2023-07, which is intended to provide users of financial statements with more decision-useful information about reportable segments of a public business entity, primarily through enhanced disclosures of significant segment expenses. This ASU requires annual and interim disclosures of significant expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss and an amount and description of its composition of other segment items. The provisions of this ASU also require entities to include all annual disclosures required by Topic 280 in the interim periods and permits entities to include multiple measures of a segment's profit or loss if such measures are used by the CODM to assess segment performance and determine allocation of resources, provided that at least one of those measures is determined in a way that is consistent with the measurement principles under GAAP. The amendments in ASU 2023-07 apply retrospectively and are effective for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. The Company does not plan to early adopt and is currently assessing the impact of adopting the updated guidance on the financial statements. ASU 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09, which establishes required categories and a quantitative threshold to the annual tabular rate reconciliation disclosure and disaggregated jurisdictional disclosures of income taxes paid. The guidance's annual requirements are effective for the Company beginning with the December 31, 2025 reporting period. Early adoption is permitted and prospective disclosure should be applied, however, retrospective disclosure is permitted. The Company is currently assessing the pronouncement and its impact on its income tax disclosures, but it does not impact the Company's results of operations, financial condition or cash flows. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

CONTINGENCIES	6 Months Ended
CONTINGENCIES	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is subject to various lawsuits and other contingent matters. The Company establishes accruals for specific legal and other matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain legal and other matters where it believes an unfavorable outcome is not probable and, therefore, no accrual is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, and for which the Company cannot estimate a loss or range of loss, 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 unrecognized tax benefits 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 7—Income Taxes" for information related to unrecognized tax benefits.

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.Y.Q4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480102/450-20-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.Y.Q2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480102/450-20-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/450-20/tableOfContent

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/450-30/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483049/450-30-50-1

+ Details

LONG-TERM DEBT - Narrative (Details) - USD ($)				1 Months Ended				3 Months Ended		6 Months Ended		11 Months Ended	12 Months Ended	37 Months Ended	83 Months Ended
LONG-TERM DEBT - Narrative (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 01, 2021	Jul. 31, 2024	Apr. 30, 2024	Jan. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 01, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 01, 2028
Dotdash Meredith
Debt Instrument [Line Items]
Capital contributions								$ 50,000,000	$ 145,000,000	$ 105,000,000	$ 280,000,000
Capital distributions					$ 55,000,000	$ 105,000,000					$ 150,000,000
Dotdash Meredith \| Subsequent Event
Debt Instrument [Line Items]
Capital distributions				$ 50,000,000
Interest rate swaps
Debt Instrument [Line Items]
Interest rate swaps expected to be reclassified into interest expense with next twelve months	$ 3,900,000							3,900,000		3,900,000
Dotdash Meredith Credit Agreement
Debt Instrument [Line Items]
Debt covenant, net leverage ratio amount, maximum										250,000,000
Dotdash Meredith Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Debt covenant, excess cash flow sweet provision amount	$ 80,000,000							$ 80,000,000		80,000,000
Debt covenant, minimum amount needed to be drawn										$ 1.00
Debt covenant, percentage of face										102.00%
Debt covenant, outstanding face amount of undrawn letters of credit, minimum										$ 25,000,000
Consolidated net leverage ratio (no greater than)										5.5
Debt covenant, net leverage ratio that would limit dividends										4.0
Dotdash Meredith Term loan A Facility \| Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)			5 years
Face amount of debt instrument			$ 350,000,000
Interest rate on debt instrument (as a percent)	7.65%	7.69%						7.65%		7.65%
Dotdash Meredith Term loan A Facility \| Term Loan \| Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal												$ 13,100,000	$ 8,800,000	$ 4,400,000
Dotdash Meredith Term loan A Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Adjustment to interest rate										0.10%
Basis spread on variable rate (as a percent)										2.25%
Dotdash Meredith Term Loan B Facility \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)							7.92%
Notional amount							$ 350,000,000
Weighted average fixed interest rate							3.82%
Dotdash Meredith Term Loan B Facility \| Secured Overnight Financing Rate (SOFR) \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Adjustment to interest rate							0.10%
Dotdash Meredith Term Loan B Facility \| Base Rate \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)							4.00%
Dotdash Meredith Term Loan B Facility \| Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)			7 years
Face amount of debt instrument			$ 1,250,000,000
Interest rate on debt instrument (as a percent)	9.43%	9.44%						9.43%		9.43%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal															$ 3,100,000
Dotdash Meredith Term Loan B Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Adjustment to interest rate										0.10%
Adjustment to interest rate two										0.15%
Adjustment to interest rate three										0.25%
Basis spread on variable rate (as a percent)										4.00%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR) \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)										0.50%
Dotdash Meredith Revolving Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Term of debt instrument (years)			5 years
Maximum borrowing capacity			$ 150,000,000
Outstanding borrowings under the credit facility	$ 0	$ 0						$ 0		$ 0
Commitment fee (in basis points)	0.40%	0.40%
ANGI 3.875% Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Maximum leverage ratio	3.75							3.75		3.75

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,601,775	$ 1,297,445
Marketable securities	87,210	148,998
Accounts receivable, net	489,853	536,650
Other current assets	189,450	257,499
Total current assets	2,368,288	2,240,592
Buildings, capitalized software, land, equipment and leasehold improvements, net	409,097	455,281
Goodwill	2,878,672	3,024,266
Intangible assets, net of accumulated amortization	793,523	874,705
Investment in MGM Resorts International	2,876,317	2,891,850
Long-term investments	401,491	411,216
Other non-current assets	476,759	473,267
TOTAL ASSETS	10,204,147	10,371,177
LIABILITIES:
Current portion of long-term debt	38,750	30,000
Accounts payable, trade	76,908	105,514
Deferred revenue	120,592	143,449
Accrued expenses and other current liabilities	648,769	671,527
Total current liabilities	885,019	950,490
Long-term debt, net	1,971,107	1,993,154
Deferred income taxes	172,307	164,612
Other long-term liabilities	450,504	474,540
Redeemable noncontrolling interests	29,132	33,378
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in-capital	6,363,548	6,340,312
(Accumulated deficit) retained earnings	(96,278)	923
Accumulated other comprehensive loss	(6,473)	(10,942)
Treasury stock, 4,350 shares at June 30, 2024 and December 31, 2023	(252,441)	(252,441)
Total IAC shareholders' equity	6,008,365	6,077,861
Noncontrolling interests	687,713	677,142
Total shareholders' equity	6,696,078	6,755,003
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	10,204,147	10,371,177
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,683 and 84,465 shares issued and 80,333 and 80,115 shares outstanding at June 30, 2024 and December 31, 2023, respectively
SHAREHOLDERS' EQUITY:
Common stock, value	8	8
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at June 30, 2024 and December 31, 2023
SHAREHOLDERS' EQUITY:
Common stock, value	$ 1	$ 1

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to MGM	$ (142,232)	$ (89,045)	$ (97,201)	$ 328,730

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Marketable Securities

At June 30, 2024 and December 31, 2023, the fair value of marketable securities are as follows:


	June 30, 2024		December 31, 2023
	(In thousands)

Available-for-sale marketable debt securities	$	87,210	$	148,998
Total marketable securities	$	87,210	$	148,998

Marketable securities are carried at fair value. The Company has no investments in marketable equity securities, following the change in classification of its investment in MGM Resorts International ("MGM") to an equity method investment in the fourth quarter of 2023, described below. Prior to the fourth quarter of 2023, the Company had two investments in marketable equity securities, other than its investment in MGM, including one investment that was fully impaired in the first quarter of 2023 due to the investee declaring bankruptcy and another investment that was sold in the third quarter of 2023. The Company recorded net unrealized pre-tax gains of $1.3 million and $0.1 million during the three and six months ended June 30, 2023, respectively, for these investments. The unrealized pre-tax gains related to these investments are included in "Other income, net" in the statement of operations.

At June 30, 2024 and December 31, 2023, current available-for-sale marketable debt securities are as follows:


	June 30, 2024								December 31, 2023
	Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	87,211	$	—	$	(1)	$	87,210	$	148,971	$	27	$	—	$	148,998
Total available-for-sale marketable debt securities	$	87,211	$	—	$	(1)	$	87,210	$	148,971	$	27	$	—	$	148,998

The contractual maturities of debt securities classified as current available-for-sale at June 30, 2024 and December 31, 2023 were within one year. There were no investments in available-for-sale marketable debt securities that had been in a continuous unrealized loss position for longer than twelve months at June 30, 2024 and December 31, 2023.

Investment in MGM Resorts International


	June 30, 2024		December 31, 2023
	(In thousands)
Investment in MGM	$	2,876,317	$	2,891,850

At June 30, 2024, the Company owns 64.7 million common shares of MGM which represents 21.2% of MGM's common shares outstanding. During the fourth quarter of 2023, due to MGM's ongoing share repurchase program, which increased the Company's ownership interest passively, the Company determined that the equity method of accounting applied and elected to account for its investment in MGM pursuant to the fair value option. Prior to the fourth quarter of 2023, the Company's investment in MGM was accounted for as an equity security with a readily determinable fair value, with changes in fair value recognized through income each period. Since the Company has always marked its investment in MGM to fair value through income each period the election of the fair value option results in no change from its historical accounting for this investment. The fair value of the investment in MGM is remeasured each reporting period based upon MGM's closing stock price on the New York Stock Exchange on the last trading day in the reporting period and any unrealized pre-tax gains or losses are included in the statement of operations. For the three and six months ended June 30, 2024, the Company recorded unrealized pre-tax losses on its investment in MGM of $179.3 million and $15.5 million, respectively. For the three and six months ended June 30, 2023, the Company recorded an unrealized pre-tax loss and gain on its investment of MGM of $32.4 million and $672.5 million, respectively. The cumulative unrealized net pre-tax gain through June 30, 2024 is $1.6 billion. A $2.00 increase or decrease in the share price of MGM would result in an unrealized gain or loss, respectively, of $129.4 million. At August 2, 2024, the fair value of the Company's investment in MGM was $2.3 billion.

The following table presents MGM's summarized financial information for the six months ended June 30, 2024. As noted above, the Company has elected to account for its investment in MGM pursuant to the fair value option. By electing the fair value option, the Company’s investment in MGM is remeasured each reporting period with any changes recognized through income based on MGM’s closing stock price. As a result, the value of our investment and the financial impacts in any given period are not necessarily correlated with the income statement information presented below.


	Six Months Ended June 30, 2024
	(In thousands)
Revenues	$	8,710,845
Expenses	$	7,767,503
Net income	$	582,528
Net income attributable to MGM	$	404,548

Long-term Investments

Long-term investments consist of:


	June 30, 2024		December 31, 2023
	(In thousands)
Equity securities without readily determinable fair values	$	396,481	$	404,848
Other	5,010		6,368
Total long-term investments	$	401,491	$	411,216

Equity Securities without Readily Determinable Fair Values

The following tables present a summary of unrealized pre-tax gains and losses recorded in "Other income, net" in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at June 30, 2024 and 2023.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Upward adjustments (gross unrealized pre-tax gains)	$	—	$	2,227	$	—	$	2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	—		(373)		(7,867)		(1,195)
Total	$	—	$	1,854	$	(7,867)	$	1,032

The cumulative upward and downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values held at June 30, 2024 were $37.8 million and $133.8 million, respectively.

Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three and six months ended June 30, 2024 and 2023 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Realized pre-tax (losses) gains, net, for equity securities sold	$	(18)	$	993	$	4,416	$	1,000
Unrealized pre-tax gains (losses), net, on equity securities held	—		1,854		(7,867)		1,032
Total pre-tax (losses) gains, net recognized	$	(18)	$	2,847	$	(3,451)	$	2,032

All pre-tax gains and losses on equity securities without readily determinable fair values, realized and unrealized, are recognized in "Other income, net" in the statement of operations.

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, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	1,095,488	$	—	$	—	$	1,095,488
Treasury discount notes	—		199,046		—		199,046
Time deposits	—		13,493		—		13,493
Marketable securities:

Treasury discount notes	—		87,210		—		87,210
Investment in MGM	2,876,317		—		—		2,876,317
Other non-current assets:
Warrant	—		—		70,024		70,024
Interest rate swaps(a)	—		4,663		—		4,663
Total	$	3,971,805	$	304,412	$	70,024	$	4,346,241

_____________________

(a) Interest rate swaps relate to the $350 million notional amount entered into to hedge Dotdash Meredith's Term Loan B. The related asset at June 30, 2024 and liability at December 31, 2023 are included in "Other non-current assets" and "Other long-term liabilities," respectively, in the balance sheet. See "Note 1—The Company and Summary of Significant Accounting Policies" and "Note 3—Long-term Debt" for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs.


	December 31, 2023
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	910,849	$	—	$	—	$	910,849
Treasury discount notes	—		87,251		—		87,251
Time deposits	—		19,497		—		19,497
Marketable securities:

Treasury discount notes	—		148,998		—		148,998
Investment in MGM	2,891,851		—		—		2,891,851
Other non-current assets:
Warrant	—		—		49,631		49,631
Total	$	3,802,700	$	255,746	$	49,631	$	4,108,077

Liabilities:
Other long-term liabilities
Interest rate swaps(a)	$	—	$	(907)	$	—	$	(907)

The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Three Months Ended June 30,
	2024		2023
	Warrant
	(In thousands)
Balance at April 1	$	39,400	$	52,739

Total net gains (losses):
Fair value adjustments included in earnings	30,624		(13,671)
Balance at June 30	$	70,024	$	39,068


	Six Months Ended June 30,
	2024		2023
	Warrant

Balance at January 1	$	49,631	$	46,799

Total net gains (losses):
Fair value adjustments included in earnings	20,393		(7,731)
Balance at June 30	$	70,024	$	39,068

Warrant

The Company owns preferred shares of Turo Inc. ("Turo"), a peer-to-peer car sharing marketplace, which are accounted for as an equity security without a readily determinable fair value, as the preferred shares are not common stock equivalents. As part of the Company's original investment in Turo preferred shares, the Company received a warrant that is recorded at fair value each reporting period with any change in fair value included in "Other income, net" in the statement of operations. The warrant is measured using significant unobservable inputs and is classified in the fair value hierarchy table as Level 3. The Company net settled its Turo warrant on July 23, 2024 (the warrant expiration date) for 4.5 million shares of Series E-2 preferred stock. The Company measured the warrant at fair value as of June 30, 2024 using the estimated settlement value of the shares received pursuant to its net exercise on July 23, 2024. The warrant is included in "Other non-current assets" in the balance sheet.

Assets measured at fair value on a nonrecurring basis

The Company's non-financial assets, such as goodwill, intangible assets, ROU assets, buildings, capitalized software, equipment and leasehold improvements, are adjusted to fair value only when an impairment is recognized. The Company's financial assets, comprising equity securities without readily determinable fair values, are adjusted to fair value when observable price changes for similar or identical securities are identified or an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs.

ROU Assets and Related Leasehold Improvements, Furniture and Equipment

During the first quarter of 2023, Dotdash Meredith recorded impairment charges of $70.0 million related to certain unoccupied leased office space due to the continued decline in the commercial real estate market consisting of impairments of $44.7 million and $25.3 million of an ROU asset and related leasehold improvements, furniture and equipment, respectively.

The impairment charges related to ROU assets are included in "General and administrative expense" and the impairment charges related to leasehold improvements, furniture and equipment are included in "Depreciation" in the statement of operations. The impairment charges represent the amount by which the carrying value of the asset group exceeded its estimated fair value, calculated using a discounted cash flow approach using sublease market assumptions of the expected cash flows and discount rate. The impairment charges were allocated between the ROU assets and related leasehold improvements, furniture and equipment of the asset group based on their relative carrying values.

Financial instruments measured at fair value only for disclosure purposes

The total fair value of the outstanding long-term debt, including the current portion, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs, and was approximately $1.96 billion and $1.95 billion at June 30, 2024 and December 31, 2023, respectively.

- 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

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations IAC today is comprised of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, as well as others ranging from early stage to established businesses. As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise).
Basis of Presentation	Basis of Presentation The Company prepares its consolidated financial statements (referred to herein as "financial statements") in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). The financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability of right-of-use assets ("ROU assets"); the useful lives and recoverability of buildings, capitalized software, equipment and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
Interest Rate Swaps	Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from a variable rate to a fixed rate to manage interest rate risk exposure, beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, Derivatives and Hedging. As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See "Note 3—Long-term Debt" for additional information.
General Revenue Recognition	General Revenue Recognition The Company accounts for a contract with a customer when it has approval and commitment from all authorized parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in "Note 5—Segment Information." Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term or expected completion of its performance obligation is one year or less. The current and non-current deferred revenue balances were $120.6 million and $0.1 million, respectively, at June 30, 2024, and $143.4 million and $0.1 million, respectively, at December 31, 2023. During the six months ended June 30, 2024, the Company recognized $97.5 million of revenue that was included in the deferred revenue balance at December 31, 2023. The change in the deferred revenue balance from December 31, 2023 to June 30, 2024 also reflects the reduction of $33.2 million related to the sale of Mosaic Group in the first quarter of 2024. During the six months ended June 30, 2023, the Company recognized $127.3 million of revenue that was included in the deferred revenue balance at December 31, 2022. The current and non-current deferred revenue balances were $157.1 million and $0.2 million, respectively, at December 31, 2022. Non-current deferred revenue is included in "Other long-term liabilities" in the balance sheet. Practical Expedients and Exemptions For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, allocated entirely to unsatisfied performance obligations, or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which it has the right to invoice for services performed. The Company also applies the practical expedient to expense sales commissions as incurred where the anticipated customer relationship period is one year or less.
Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement")	Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google. The Services Agreement requires that the Company comply with certain guidelines promulgated by Google. Google may generally unilaterally update its policies and guidelines without advance notice. These updates may be specific to the Services Agreement or could be more general and thereby impact the Company as well as other companies. These policy and guideline updates have in the past and could in the future require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which have been and could be costly to address or negatively impact revenue and have had and in the future could have an adverse effect on our financial condition and results of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recent Accounting Pronouncements Adopted by the Company There were no recently issued accounting pronouncements adopted by the Company during the six months ended June 30, 2024. Recent Accounting Pronouncements Not Yet Adopted by the Company Accounting Standards Update ("ASU") 2023-07—Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU No. 2023-07, which is intended to provide users of financial statements with more decision-useful information about reportable segments of a public business entity, primarily through enhanced disclosures of significant segment expenses. This ASU requires annual and interim disclosures of significant expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss and an amount and description of its composition of other segment items. The provisions of this ASU also require entities to include all annual disclosures required by Topic 280 in the interim periods and permits entities to include multiple measures of a segment's profit or loss if such measures are used by the CODM to assess segment performance and determine allocation of resources, provided that at least one of those measures is determined in a way that is consistent with the measurement principles under GAAP. The amendments in ASU 2023-07 apply retrospectively and are effective for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. The Company does not plan to early adopt and is currently assessing the impact of adopting the updated guidance on the financial statements. ASU 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09, which establishes required categories and a quantitative threshold to the annual tabular rate reconciliation disclosure and disaggregated jurisdictional disclosures of income taxes paid. The guidance's annual requirements are effective for the Company beginning with the December 31, 2025 reporting period. Early adoption is permitted and prospective disclosure should be applied, however, retrospective disclosure is permitted. The Company is currently assessing the pronouncement and its impact on its income tax disclosures, but it does not impact the Company's results of operations, financial condition or cash flows.
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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-17

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-19

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-18

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-20

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (e)
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483426/235-10-50-4

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Jun. 30, 2024	Jun. 30, 2023
Common Stock, $0.0001 par value
Common stock, par value (USD per share)	$ 0.0001
Common Stock, $0.0001 par value \| Common Stock
Common stock, par value (USD per share)	0.0001	$ 0.0001
Class B common stock, $0.0001 par value
Common stock, par value (USD per share)	0.0001
Class B common stock, $0.0001 par value \| Common Stock
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001

FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Depreciation, Depletion and Amortization [Abstract]
Buildings, capitalized software, equipment and leasehold improvements	$ 409,097	$ 374,256
Intangible assets	$ 683,538	$ 636,645

ACCUMULATED OTHER COMPREHENSIVE LOSS

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present the components of accumulated other comprehensive loss, net of income tax.


	Three Months Ended June 30, 2024
	Foreign Currency Translation Adjustment		Unrealized Gains On Interest Rate Swaps		Unrealized (Losses) Gains On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at April 1	$	(9,892)	$	3,001	$	(2)	$	(6,893)
Other comprehensive (loss) income before reclassifications	(149)		1,906		2		1,759
Amounts reclassified to earnings	(9)		(1,332)		—		(1,341)
Net current period other comprehensive (loss) income	(158)		574		2		418
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	2		—		—		2
Balance at June 30	$	(10,048)	$	3,575	$	—	$	(6,473)


	Three Months Ended June 30, 2023
	Foreign Currency Translation Adjustment		Unrealized (Losses) Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at April 1	$	(12,381)	$	(2,287)	$	27	$	(14,641)
Other comprehensive income (loss) before reclassifications	2,109		6,659		(11)		8,757
Amounts reclassified to earnings	—		(1,020)		—		(1,020)
Net current period other comprehensive income (loss)	2,109		5,639		(11)		7,737

Balance at June 30	$	(10,272)	$	3,352	$	16	$	(6,904)


	Six Months Ended June 30, 2024
	Foreign Currency Translation Adjustment		Unrealized (Losses) Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(10,266)	$	(696)	$	20	$	(10,942)
Other comprehensive (loss) income before reclassifications	(1,213)		6,946		(20)		5,713
Amounts reclassified to earnings	1,427		(2,675)		—		(1,248)
Net current period other comprehensive income (loss)	214		4,271		(20)		4,465
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	4		—		—		4
Balance at June 30	$	(10,048)	$	3,575	$	—	$	(6,473)


	Six Months Ended June 30, 2023
		Foreign Currency Translation Adjustment		Unrealized Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
		(In thousands)
Balance at January 1		$	(13,186)	$	—	$	53	$	(13,133)
Other comprehensive income (loss) before reclassifications		2,912		4,372		(37)		7,247
Amounts reclassified to earnings		—		(1,020)		—		(1,020)
Net current period other comprehensive income (loss)		2,912		3,352		(37)		6,227
Accumulated other comprehensive loss allocated to noncontrolling interests during the period		2		—		—		2
Balance at June 30		$	(10,272)	$	3,352	$	16	$	(6,904)

The amounts reclassified out of foreign currency translation adjustment into earnings for the three and six months ended June 30, 2024 relate to the substantial liquidation of certain international subsidiaries.

At June 30, 2024 and 2023, there were deferred income tax provisions of $1.1 million and $1.0 million, respectively, related to unrealized gains and losses on interest rate swaps. At June 30, 2024, there was no deferred income tax benefit related to net unrealized losses on available-for-sale marketable debt securities, and at June 30, 2023 there was less than $0.1 million of deferred income tax provision on net unrealized gains.

PENSION AND POSTRETIREMENT BENEFIT PLANS - Expected Return on Plan Assets (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Pension \| United States
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	5.21%	4.48%

PENSION AND POSTRETIREMENT BENEFIT PLANS

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

PENSION AND POSTRETIREMENT BENEFIT PLANS

The following tables present the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans:


	Three Months Ended June 30, 2024						Three Months Ended June 30, 2023

	Pension				Postretirement		Pension				Postretirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	51	$	—	$	—	$	55	$	—	$	1
Interest cost	742		4,759		52		826		4,921		58
Expected return on plan assets	(548)		(4,760)		—		(633)		(4,916)		—

Actuarial gain recognition	(841)		—		—		(404)		—		—


Net periodic benefit (credit) cost	$	(596)	$	(1)	$	52	$	(156)	$	5	$	59


	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023

	Pension				Postretirement		Pension				Postretirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	102	$	—	$	—	$	108	$	—	$	2
Interest cost	1,471		9,546		103		1,697		9,698		116
Expected return on plan assets	(1,112)		(9,547)		—		(1,134)		(9,687)		—

Actuarial gain recognition	(1,104)		—		—		(164)		—		—


Net periodic benefit (credit) cost	$	(643)	$	(1)	$	103	$	507	$	11	$	118

The Company froze and terminated the domestic funded pension plan as of December 31, 2022. The last of the required customary regulatory approvals of the termination of this plan was received in February 2024. The Company completed the termination and settlement of this plan in July 2024 by making the final distribution to the participants through a lump sum payment or through the purchase of an annuity, as directed by the participant's election.

The following table summarizes the weighted average expected return on plan assets used to determine the net periodic benefit (credit) cost at June 30, 2024 following the remeasurements, and December 31, 2023, respectively:


	June 30, 2024		December 31, 2023
	Pension
	Domestic			Domestic
Expected return on plan assets	5.21	%		4.48	%

The components of net periodic benefit (credit) cost, other than the service cost component, are included in "Other income, net" in the statement of operations.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2024	Aug. 02, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-39356
Entity Registrant Name	IAC Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3727412
Entity Address, Address Line One	555 West 18th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	212
Local Phone Number	314-7300
Title of 12(b) Security	Common stock, par value $0.0001
Trading Symbol	IAC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001800227
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		80,333,866
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,789,499

SEGMENT INFORMATION - Operating (Loss) Income and Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Operating income (loss)	$ (11,999)	$ (55,473)	$ (71,177)	$ (191,069)
Adjusted EBITDA	87,258	70,186	130,288	79,309
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Operating income (loss)	18,338	(17,820)	(2,491)	(129,054)
Adjusted EBITDA	66,424	54,092	96,666	30,975
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Operating income (loss)	26,025	6,059	25,845	(11,828)
Adjusted EBITDA	63,446	50,834	100,405	75,237
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Operating income (loss)	5,535	(944)	414	(6,700)
Adjusted EBITDA	13,210	17,410	16,157	28,744
Operating Segments \| Dotdash Meredith \| Other
Segment Reporting Information [Line Items]
Operating income (loss)	(13,222)	(22,935)	(28,750)	(110,526)
Impairment of leasehold improvements and furniture and equipment		4,200		4,200
Impairment charges		70,000
Operating lease impairment charges				44,700
Adjusted EBITDA	(10,232)	(14,152)	(19,896)	(73,006)
Operating Segments \| Dotdash Meredith \| Other \| Depreciation, Nonproductive
Segment Reporting Information [Line Items]
Impairment charges		4,200		29,600
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Operating income (loss)	9,187	(15,381)	11,903	(26,262)
Adjusted EBITDA	42,183	19,583	78,145	49,266
Operating Segments \| Angi Inc. \| Other
Segment Reporting Information [Line Items]
Operating income (loss)	(15,191)	(16,568)	(30,308)	(31,507)
Adjusted EBITDA	(13,904)	(13,109)	(25,825)	(25,463)
Operating Segments \| Search
Segment Reporting Information [Line Items]
Operating income (loss)	4,624	13,961	8,980	24,731
Adjusted EBITDA	4,645	13,982	9,022	24,773
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Operating income (loss)	(6,445)	2,051	(14,455)	13,907
Adjusted EBITDA	(3,812)	5,015	(8,018)	20,614
Corporate
Segment Reporting Information [Line Items]
Operating income (loss)	(37,703)	(38,284)	(75,114)	(74,391)
Adjusted EBITDA	$ (22,182)	$ (22,486)	$ (45,527)	$ (46,319)

FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 1,601,775	$ 1,297,445	$ 1,326,988	$ 1,417,390
Restricted cash included in other current assets	23,976	8,539	8,126	1,165
Restricted cash included in other non-current assets	250	257	381	7,514
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$ 1,626,001	$ 1,306,241	$ 1,335,495	$ 1,426,069

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (141,467)	$ (91,630)	$ (96,495)	$ 323,689
Other comprehensive (loss) income, net of income taxes:
Change in foreign currency translation adjustment	(199)	2,486	19	3,405
Change in net unrealized gains on interest rate swaps	574	5,639	4,271	3,352
Change in unrealized gains and losses on available-for-sale marketable debt securities	2	(11)	(20)	(37)
Total other comprehensive income, net of income taxes	377	8,114	4,270	6,720
Comprehensive (loss) income, net of income taxes	(141,090)	(83,516)	(92,225)	330,409
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net (earnings) loss attributable to noncontrolling interests	(765)	2,585	(706)	5,041
Change in foreign currency translation adjustment attributable to noncontrolling interests	41	(377)	195	(493)
Comprehensive (income) loss attributable to noncontrolling interests	(724)	2,208	(511)	4,548
Comprehensive (loss) income attributable to IAC shareholders	$ (141,814)	$ (81,308)	$ (92,736)	$ 334,957

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Revenue
Dotdash Meredith
Digital	$	238,081	$	211,972	$	447,405	$	396,769
Print	191,681		206,771		377,581		413,787
Intersegment eliminations(a)	(4,601)		(4,745)		(9,285)		(8,976)
Total Dotdash Meredith	425,161		413,998		815,701		801,580
Angi Inc.
Domestic:
Ads and Leads	257,312		292,487		506,897		585,993
Services	24,595		29,867		45,046		61,926
Total Domestic	281,907		322,354		551,943		647,919
International	33,227		29,233		68,581		59,165
Total Angi Inc.	315,134		351,587		620,524		707,084
Search	101,756		177,036		210,229		329,511
Emerging & Other	107,536		172,385		234,077		364,788
Intersegment eliminations(b)	(60)		(3,417)		(1,324)		(7,103)
Total	$	949,527	$	1,111,589	$	1,879,207	$	2,195,860

_____________________

(a) Intersegment eliminations primarily relate to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print.

(b) Intersegment eliminations primarily relate to advertising sold by Dotdash Meredith to other IAC owned businesses for the six months ended June 30, 2024 and the three and six months ended June 30, 2023, and Ads and Leads revenue earned from sales to Roofing within Emerging & Other, prior to its sale on November 1, 2023.

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Operating income (loss)
Dotdash Meredith
Digital	$	26,025	$	6,059	$	25,845	$	(11,828)
Print	5,535		(944)		414		(6,700)
Other(c)(d)	(13,222)		(22,935)		(28,750)		(110,526)
Total Dotdash Meredith	18,338		(17,820)		(2,491)		(129,054)
Angi Inc.
Ads and Leads	24,806		4,791		44,627		18,271
Services	(4,488)		(5,175)		(11,989)		(17,627)
Other(c)	(15,191)		(16,568)		(30,308)		(31,507)
International	4,060		1,571		9,573		4,601
Total Angi Inc.	9,187		(15,381)		11,903		(26,262)
Search	4,624		13,961		8,980		24,731
Emerging & Other	(6,445)		2,051		(14,455)		13,907
Corporate	(37,703)		(38,284)		(75,114)		(74,391)
Total	$	(11,999)	$	(55,473)	$	(71,177)	$	(191,069)

_____________________

(d) Dotdash Meredith Other operating loss includes write-offs of certain leasehold improvements and furniture and equipment of $4.2 million for the three and six months ended June 30, 2023 and impairment charges of $70.0 million related to unoccupied leased office space for the six months ended June 30, 2023, of which $4.2 million and $29.6 million is presented in "Depreciation" in the statement of operations for the three and six months ended June 30, 2023, respectively, and, therefore, is excluded from Adjusted EBITDA. Impairment charges related to unoccupied leased office space included in Adjusted EBITDA are $44.7 million for the six months ended June 30, 2023. See "Note 2—Financial Instruments and Fair Value Measurements" for additional information.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Adjusted EBITDA(e):
Dotdash Meredith
Digital	$	63,446	$	50,834	$	100,405	$	75,237
Print	13,210		17,410		16,157		28,744
Other(c)(d)	(10,232)		(14,152)		(19,896)		(73,006)
Total Dotdash Meredith	66,424		54,092		96,666		30,975
Angi Inc.
Ads and Leads	48,977		28,155		90,198		68,006
Services	1,975		1,700		1,985		(468)
Other(c)	(13,904)		(13,109)		(25,825)		(25,463)
International	5,135		2,837		11,787		7,191
Total Angi Inc.	42,183		19,583		78,145		49,266
Search	4,645		13,982		9,022		24,773
Emerging & Other	(3,812)		5,015		(8,018)		20,614
Corporate	(22,182)		(22,486)		(45,527)		(46,319)
Total	$	87,258	$	70,186	$	130,288	$	79,309

_____________________

(e) The Company's primary financial and GAAP segment measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements, if applicable.

Schedule of Disaggregation of Segment Revenue

The following table presents the revenue of the Company's reportable segments disaggregated by type of service:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Dotdash Meredith
Digital:
Advertising revenue	$	153,429	$	132,247	$	286,328	$	244,064
Performance marketing revenue	53,542		53,510		105,086		103,565
Licensing and other revenue	31,110		26,215		55,991		49,140
Total Digital revenue	238,081		211,972		447,405		396,769
Print:
Subscription revenue	76,115		76,032		154,106		161,669
Advertising revenue	45,136		57,487		87,609		105,337
Project and other revenue	37,990		35,566		66,544		63,675
Newsstand revenue	24,132		27,174		50,418		59,420
Performance marketing revenue	8,308		10,512		18,904		23,686
Total Print revenue	191,681		206,771		377,581		413,787


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Intersegment eliminations(a)	(4,601)		(4,745)		(9,285)		(8,976)
Total Dotdash Meredith revenue	$	425,161	$	413,998	$	815,701	$	801,580

Angi Inc.
Domestic:
Ads and Leads:
Consumer connection revenue	$	167,624	$	209,013	$	328,155	$	421,948
Advertising revenue	78,309		70,047		155,446		137,228
Membership subscription revenue	11,261		13,231		23,039		26,430
Other revenue	118		196		257		387
Total Ads and Leads revenue	257,312		292,487		506,897		585,993
Services revenue	24,595		29,867		45,046		61,926
Total Domestic revenue	281,907		322,354		551,943		647,919
International:
Consumer connection revenue	27,018		23,371		56,687		48,116
Service professional membership subscription revenue	5,947		5,753		11,329		10,811
Advertising and other revenue	262		109		565		238
Total International revenue	33,227		29,233		68,581		59,165
Total Angi Inc. revenue	$	315,134	$	351,587	$	620,524	$	707,084

Search
Advertising revenue:
Google advertising revenue	$	98,888	$	166,285	$	202,407	$	307,019
Non-Google advertising revenue	2,494		10,097		6,936		21,070
Total advertising revenue	101,382		176,382		209,343		328,089
Other revenue	374		654		886		1,422
Total Search revenue	$	101,756	$	177,036	$	210,229	$	329,511

Emerging & Other
Marketplace revenue	$	52,750	$	50,248	$	110,342	$	108,667
Subscription revenue	46,101		85,919		110,288		172,319
Media production and distribution revenue	4,739		7,110		6,278		10,725
Roofing revenue	—		24,482		—		62,854
Advertising revenue:
Non-Google advertising revenue	1,747		3,458		4,464		6,357
Google advertising revenue	152		272		410		535
Total advertising revenue	1,899		3,730		4,874		6,892
Service and other revenue	2,047		896		2,295		3,331
Total Emerging & Other revenue	$	107,536	$	172,385	$	234,077	$	364,788

Schedule of Revenue and Long-lived Assets, Excluding Goodwill and Intangible Assets, by Geography

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Revenue:
United States	$	836,995	$	967,051	$	1,643,154	$	1,919,723
All other countries	112,532		144,538		236,053		276,137
Total	$	949,527	$	1,111,589	$	1,879,207	$	2,195,860


	June 30, 2024		December 31, 2023
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	676,298	$	743,914
All other countries	10,989		10,964
Total	$	687,287	$	754,878

Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)

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


	Three Months Ended June 30, 2024
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA (e)
	(In thousands)
Dotdash Meredith
Digital	$	26,025	$	3,436	$	3,681	$	30,304	$	63,446
Print	5,535		723		1,868		5,084		13,210
Other(c)	(13,222)		2,521		469		—		(10,232)
Total Dotdash Meredith	18,338		6,680		6,018		35,388		66,424
Angi Inc.									—
Ads and Leads	24,806		5,996		18,175		—		48,977
Services	(4,488)		1,088		5,375		—		1,975
Other(c)	(15,191)		1,287		—		—		(13,904)
International	4,060		301		774		—		5,135
Total Angi Inc.	9,187		8,672		24,324		—		42,183
Search	4,624		—		21		—		4,645
Emerging & Other	(6,445)		253		1,058		1,322		(3,812)
Corporate(f)	(37,703)		13,494		2,027		—		(22,182)
Total	(11,999)		$	29,099	$	33,448	$	36,710	$	87,258
Interest expense	(39,515)
Unrealized loss on investment in MGM Resorts International	(179,284)
Other income, net	54,693
Loss before income taxes	(176,105)
Income tax benefit	34,638
Net loss	(141,467)
Net earnings attributable to noncontrolling interests	(765)
Net loss attributable to IAC shareholders	$	(142,232)

_____________________

(f) Includes stock-based compensation expense for stock-based awards granted to employees of Corporate, Search and all Emerging & Other businesses other than Vivian Health in the three and six months ended June 30, 2024 and 2023. The three and six months ended June 30, 2023 also excludes stock-based compensation granted to employees of Roofing within Emerging & Other, which was sold on November 1, 2023.


	Three Months Ended June 30, 2023
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA (e)
	(In thousands)
Dotdash Meredith
Digital	$	6,059	$	2,092	$	7,332	$	35,351	$	50,834
Print	(944)		376		3,855		14,123		17,410
Other(c)	(22,935)		3,102		5,681		—		(14,152)
Total Dotdash Meredith	(17,820)		5,570		16,868		49,474		54,092
Angi Inc.
Ads and Leads	4,791		5,307		15,394		2,663		28,155
Services	(5,175)		1,192		5,683		—		1,700
Other(c)	(16,568)		3,459		—		—		(13,109)
International	1,571		339		927		—		2,837
Total Angi Inc.	(15,381)		10,297		22,004		2,663		19,583
Search	13,961		—		21		—		13,982
Emerging & Other	2,051		188		730		2,046		5,015
Corporate(f)	(38,284)		14,138		1,660		—		(22,486)
Total	(55,473)		$	30,193	$	41,283	$	54,183	$	70,186
Interest expense	(39,077)
Unrealized loss on investment in MGM Resorts International	(32,362)
Other income, net	10,985
Loss before income taxes	(115,927)
Income tax benefit	24,297
Net loss	(91,630)
Net loss attributable to noncontrolling interests	2,585
Net loss attributable to IAC shareholders	$	(89,045)


	Six Months Ended June 30, 2024
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA(e)
	(In thousands)
Dotdash Meredith
Digital	$	25,845	$	5,636	$	8,538	$	60,386	$	100,405
Print	414		1,169		4,405		10,169		16,157
Other(c)	(28,750)		7,224		1,630		—		(19,896)
Total Dotdash Meredith	(2,491)		14,029		14,573		70,555		96,666
Angi Inc.
Ads and Leads	44,627		10,461		35,110		—		90,198
Services	(11,989)		2,469		11,505		—		1,985
Other(c)	(30,308)		4,483		—		—		(25,825)
International	9,573		656		1,558		—		11,787
Total Angi Inc.	11,903		18,069		48,173		—		78,145
Search	8,980		—		42		—		9,022
Emerging & Other	(14,455)		663		2,891		2,883		(8,018)
Corporate(f)	(75,114)		25,245		4,342		—		(45,527)
Total	(71,177)		$	58,006	$	70,021	$	73,438	$	130,288
Interest expense	(79,233)
Unrealized loss on investment in MGM Resorts International	(15,533)
Other income, net	89,498
Loss before income taxes	(76,445)
Income tax provision	(20,050)
Net loss	(96,495)
Net earnings attributable to noncontrolling interests	(706)
Net loss attributable to IAC shareholders	$	(97,201)


	Six Months Ended June 30, 2023
	Operating (Loss) Income		Total Non-Cash Compensation Expense		Total Depreciation		Amortization of Intangibles		Adjusted EBITDA(e)
	(In thousands)
Dotdash Meredith
Digital	$	(11,828)	$	3,787	$	12,576	$	70,702	$	75,237
Print	(6,700)		522		6,490		28,432		28,744
Other(c)(d)	(110,526)		6,352		31,168		—		(73,006)
Total Dotdash Meredith	(129,054)		10,661		50,234		99,134		30,975
Angi Inc.
Ads and Leads	18,271		10,798		33,612		5,325		68,006
Services	(17,627)		5,401		11,758		—		(468)
Other(c)	(31,507)		6,044		—		—		(25,463)
International	4,601		766		1,824		—		7,191
Total Angi Inc.	(26,262)		23,009		47,194		5,325		49,266
Search	24,731		—		42		—		24,773
Emerging & Other	13,907		705		1,672		4,330		20,614
Corporate(f)	(74,391)		24,759		3,313		—		(46,319)
Total	(191,069)		$	59,134	$	102,455	$	108,789	$	79,309
Interest expense	(77,249)
Unrealized gain on investment in MGM Resorts International	672,478
Other income, net	34,734
Earnings before income taxes	438,894
Income tax provision	(115,205)
Net earnings	323,689
Net loss attributable to noncontrolling interests	5,041
Net earnings attributable to IAC shareholders	$	328,730

RELATED PARTY TRANSACTIONS	6 Months Ended
RELATED PARTY TRANSACTIONS	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS IAC and Angi Inc. Allocation of CEO Compensation and Certain Expenses Joseph Levin, CEO of IAC and Chairman of Angi Inc., was CEO of Angi Inc. from October 10, 2022 through April 8, 2024. As a result, IAC allocated $0.3 million and $2.4 million for the three and six months ended June 30, 2024, respectively, and $2.3 million and $4.6 million for the three and six months ended June 30, 2023, respectively, in costs to Angi Inc. (including salary, benefits, stock-based compensation and costs related to the CEO's office). These costs were allocated from IAC based upon time spent on Angi Inc. by Mr. Levin. Management considers the allocation method to be reasonable. The allocated costs also include costs directly attributable to Angi Inc. that were initially paid for by IAC and billed by IAC to Angi Inc. On April 8, 2024, Jeffrey W. Kip, President of Angi Inc., was appointed to succeed Joseph Levin as CEO of Angi Inc. Mr. Levin will remain Chairman of the Angi Inc. board of directors. The Combination and Related Agreements The Company and Angi Inc., in connection with the transaction resulting in the formation of Angi Inc. in 2017, which is referred to as the "Combination," entered into a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement, which collectively govern the relationship between IAC and Angi Inc. IAC and Vimeo Inc. ("Vimeo") In connection with the spin-off of Vimeo from IAC, the parties entered in several agreements to govern their relationship following the completion of the transaction, certain of which remain in effect and are as follows: a separation agreement, a tax matters agreement and an employee matters agreement. Following the completion of the transaction, Vimeo and IAC entered into certain commercial agreements, including lease agreements. The Company and Vimeo are related parties because Mr. Diller is the beneficial owner of more than ten percent of the voting interests in both IAC and Vimeo. The Company charged Vimeo rent pursuant to lease agreements of $0.8 million and $1.7 million for both the three and six months ended June 30, 2024 and 2023, respectively. The Company had non-current rent receivable amounts of $0.4 million and $0.3 million at June 30, 2024 and December 31, 2023, respectively, due from Vimeo pursuant to the lease agreements. These amounts are included in "Other non-current assets" in the balance sheet. IAC and Expedia Group At June 30, 2024, the Company and Expedia Group each had a 50% ownership interest in two aircraft that may be used by both companies. Members of the aircraft flight crews are employed by an entity in which the Company and Expedia Group each have a 50% ownership interest. The Company and Expedia Group have agreed to share costs relating to flight crew compensation and benefits pro-rata according to each company’s respective usage of the aircraft, for which they are separately billed by the entity described above. The Company and Expedia Group are related parties because Mr. Diller serves as Chairman and Senior Executive of both IAC and Expedia Group. For both the three and six months ended June 30, 2024 and 2023, total payments made to this entity by the Company were not material. Expedia Group may also use certain aircraft owned 100% by a subsidiary of the Company on a cost basis. For both the three and six months ended June 30, 2024 and 2023, the payments made by Expedia Group to the Company pursuant to this arrangement were not material. During the second quarter of 2024, the Company and Expedia Group entered into a five-year lease agreement where Expedia Group will occupy office space in the Company's New York City headquarters building. The total payments pursuant to this lease agreement are not material. There were no amounts charged to or paid by Expedia Group pursuant to this agreement for the three and six months ended June 30, 2024.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Revenue and Other [Line Items]
Current deferred revenue	$ 120,592		$ 120,592		$ 143,449		$ 157,100
Non-current deferred revenue	100		100		100		$ 200
Deferred revenue recognized during period			97,500	$ 127,300
Revenue	949,527	$ 1,111,589	1,879,207	2,195,860
Discontinued Operations, Disposed of by Sale \| Mosaic Group
Revenue and Other [Line Items]
Deferred revenue related to disposal group	33,200		33,200
Customer concentration risk \| Revenue, Segment
Revenue and Other [Line Items]
Revenue	98,500	164,600	201,400	303,300
Customer concentration risk \| Revenue, Segment \| Google Inc.
Revenue and Other [Line Items]
Revenue	$ 126,500	$ 197,900	$ 257,900	$ 370,800
Concentration risk (as a percent)	13.00%	18.00%	14.00%	17.00%
Customer concentration risk \| Revenue, Segment \| Services Agreement
Revenue and Other [Line Items]
Concentration risk (as a percent)	10.00%	15.00%	11.00%	14.00%
Customer concentration risk \| Accounts Receivable \| Google Inc.
Revenue and Other [Line Items]
Accounts receivable	$ 42,500		$ 42,500		$ 52,200
Angi Inc.
Revenue and Other [Line Items]
Number of operating segments \| segment			3
Dotdash Meredith \| Dotdash Meredith Term Loan B Facility \| Interest rate swaps
Revenue and Other [Line Items]
Notional amount						$ 350,000
Search \| Customer concentration risk \| Revenue, Segment \| Ask Media Group
Revenue and Other [Line Items]
Revenue	81,800	$ 146,100	$ 167,200	$ 266,400
Search \| Customer concentration risk \| Revenue, Segment \| Desktop
Revenue and Other [Line Items]
Revenue	$ 16,700	$ 18,400	$ 34,200	$ 37,000

PENSION AND POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2024

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Costs

The following tables present the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans:


	Three Months Ended June 30, 2024						Three Months Ended June 30, 2023

	Pension				Postretirement		Pension				Postretirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	51	$	—	$	—	$	55	$	—	$	1
Interest cost	742		4,759		52		826		4,921		58
Expected return on plan assets	(548)		(4,760)		—		(633)		(4,916)		—

Actuarial gain recognition	(841)		—		—		(404)		—		—


Net periodic benefit (credit) cost	$	(596)	$	(1)	$	52	$	(156)	$	5	$	59


	Six Months Ended June 30, 2024						Six Months Ended June 30, 2023

	Pension				Postretirement		Pension				Postretirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	102	$	—	$	—	$	108	$	—	$	2
Interest cost	1,471		9,546		103		1,697		9,698		116
Expected return on plan assets	(1,112)		(9,547)		—		(1,134)		(9,687)		—

Actuarial gain recognition	(1,104)		—		—		(164)		—		—


Net periodic benefit (credit) cost	$	(643)	$	(1)	$	103	$	507	$	11	$	118

Summary of the Weighted Average Expected Return on Plan Assets


	June 30, 2024		December 31, 2023
	Pension
	Domestic			Domestic
Expected return on plan assets	5.21	%		4.48	%

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Adjustments to the Carrying Value of Equity Securities Without Readily Determinable Fair Values
Upward adjustments (gross unrealized pre-tax gains)	$ 0	$ 2,227	$ 0	$ 2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	0	(373)	(7,867)	(1,195)
Total	0	1,854	(7,867)	1,032
Equity Securities without Readily Determinable Fair Values, Realized and Unrealized Gains (Losses)
Realized pre-tax (losses) gains, net, for equity securities sold	(18)	993	4,416	1,000
Unrealized pre-tax gains (losses), net, on equity securities held	0	1,854	(7,867)	1,032
Total pre-tax (losses) gains, net recognized	$ (18)	$ 2,847	$ (3,451)	$ 2,032

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Warrant - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Warrant
Balance at beginning of period	$ 39,400	$ 52,739	$ 49,631	$ 46,799
Fair value adjustments included in earnings	30,624	(13,671)	20,393	(7,731)
Balance at end of period	$ 70,024	$ 39,068	$ 70,024	$ 39,068

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) shares in Millions		3 Months Ended			6 Months Ended
	Jul. 23, 2024 shares	Jun. 30, 2024 USD ($) investment shares	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) investment shares	Jun. 30, 2023 USD ($)	Aug. 02, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of investments in marketable equity securities \| investment		0			0				2
Unrealized gains (loss) on marketable equity security			$ 1,300,000			$ 100,000
Available-for-sale marketable debt securities in a continuous unrealized loss position for longer than twelve months		$ 0			$ 0			$ 0
Unrealized gain (loss) on investment in MGM Resorts International		(179,284,000)	(32,362,000)		(15,533,000)	672,478,000
Investment in MGM Resorts International		2,876,317,000			2,876,317,000			2,891,850,000
Total upward adjustments to equity securities without readily determinable fair value		37,800,000			37,800,000
Total downward adjustments to equity securities without readily determinable fair value		133,800,000			133,800,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long-term debt		$ 1,960,000,000			$ 1,960,000,000			$ 1,950,000,000
Meredith Corporation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges				$ 70,000,000
Operating lease impairment charges				44,700,000
Impairment of leasehold improvements				$ 25,300,000
Subsequent Event \| Series E-2 Preferred Stock
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Preferred stock issued (in shares) \| shares	4.5
MGM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment common shares owned (in shares) \| shares		64.7			64.7
Ownership interest in equity method investment (as a percent)		21.20%			21.20%
Unrealized gain (loss) on investment in MGM Resorts International		$ (179,300,000)	$ (32,400,000)		$ (15,500,000)	$ 672,500,000
Cumulative unrealized pre-tax gain		1,600,000,000			1,600,000,000
Unrealized gain (loss), impact in $2.00 change in share price		$ 129,400,000			$ 129,400,000
MGM \| Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in MGM Resorts International							$ 2,300,000,000

(LOSS) EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

(LOSS) EARNINGS PER SHARE

The Company treats its common stock and Class B common stock as one class of stock for net earnings (loss) per share ("EPS") purposes as both classes of stock participate in earnings, dividends and other distributions on the same basis. The restricted stock award granted to our Chief Executive Officer ("CEO") on November 5, 2020 is a participating security and the Company calculates basic EPS using the two-class method since those restricted shares are unvested and have a non-forfeitable dividend right in the event the Company declares a cash dividend on common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Diluted EPS is calculated, on the most dilutive basis, which excludes awards that would be anti-dilutive, including the restricted stock award granted to our CEO.

Undistributed earnings allocated to the participating security is subtracted from earnings in determining earnings attributable to holders of IAC common stock and Class B common stock for basic EPS. Basic EPS is computed by dividing net earnings (loss) attributable to holders of IAC common stock and Class B common stock by the weighted-average number of shares of common stock and Class B common stock outstanding during the period.

For the calculation of diluted EPS, net earnings (loss) attributable to holders of IAC common stock and Class B common stock is adjusted for the impact from our public subsidiary's dilutive securities, if applicable, and the reallocation of undistributed earnings allocated to the participating security by the weighted-average number of common stock and Class B common stock outstanding plus dilutive securities during the period.

The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net (loss) earnings	$	(141,467)	$	(91,630)	$	(96,495)	$	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)		2,585		(706)		5,041
Net earnings attributed to unvested participating security	—		—		—		(11,296)
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(142,232)	$	(89,045)	$	(97,201)	$	317,434

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,100		83,081		83,036		84,301

(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(1.71)	$	(1.07)	$	(1.17)	$	3.77


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Diluted EPS:
Numerator:
Net (loss) earnings	$	(141,467)	$	(91,630)	$	(96,495)	$	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)		2,585		(706)		5,041
Net earnings attributed to unvested participating security	—		—		—		(10,935)
Impact from public subsidiaries' dilutive securities(b)	—		—		—		—
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(142,232)	$	(89,045)	$	(97,201)	$	317,795

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,100		83,081		83,036		84,301
Dilutive securities(b)(c)(d)	—		—		—		2,889
Denominator for earnings per share—weighted average shares(b)(c)(d)	83,100		83,081		83,036		87,190

(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(1.71)	$	(1.07)	$	(1.17)	$	3.64

_____________________

(a) On November 5, 2020, IAC's CEO was granted a stock-based award in the form of 3.0 million shares of restricted common stock. The number of shares that ultimately vests is subject to the satisfaction of growth targets in IAC's stock price over the 10-year service condition of the award. These restricted shares have a non-forfeitable dividend right in the event the Company declares a cash dividend on its common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Accordingly, the two-class method of calculating EPS is used. While the restricted shares are presented as outstanding shares in the balance sheet, these shares are excluded from the weighted average shares outstanding in calculating basic EPS and the allocable portion of net earnings are also excluded. Fully diluted EPS reflects the impact on earnings and fully diluted shares in the manner that is most dilutive.

(b) IAC has the option to settle certain Angi Inc. stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi Inc.'s dilutive securities in IAC common shares. For the three and six months ended June 30, 2024 and 2023, these Angi Inc. equity awards were anti-dilutive.

(c) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted common stock, and restricted stock units ("RSUs"). For the six months ended June 30, 2023, 3.3 million potentially dilutive securities were excluded from the calculation of diluted EPS because their inclusion would have been anti-dilutive.

(d) For the three and six months ended June 30, 2024 and the three months ended June 30, 2023, the Company had a loss from operations and as a result approximately 8.0 million of potentially dilutive securities were excluded from computing diluted EPS for each of those periods because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding were used to compute the EPS amounts for the three and six months ended June 30, 2024 and the three months ended June 30, 2023.

FINANCIAL STATEMENT DETAILS - Other Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Unrealized increase (decrease) in the estimated fair value of a warrant	$ 30,624	$ (13,672)	$ 20,393	$ (7,732)
Interest income	22,048	17,340	43,645	34,270
Net realized gain (loss) on sales of businesses, investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values	2,262	2,649	28,203	1,348
Foreign exchange (losses) gains, net	(143)	1,572	(1,884)	2,081
Unrealized gain related to marketable equity securities	0	1,262	0	112
Other	(98)	1,834	(859)	4,655
Other income, net	$ 54,693	$ 10,985	89,498	$ 34,734
Gain on sale of assets			$ 29,200

- Definition

The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.

+ References + Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Marketable Securities

At June 30, 2024 and December 31, 2023, the fair value of marketable securities are as follows:


	June 30, 2024		December 31, 2023
	(In thousands)

Available-for-sale marketable debt securities	$	87,210	$	148,998
Total marketable securities	$	87,210	$	148,998

Schedule of Current Available-for-sale Marketable Securities

At June 30, 2024 and December 31, 2023, current available-for-sale marketable debt securities are as follows:


	June 30, 2024								December 31, 2023
	Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Amortized cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
	(In thousands)
Treasury discount notes	$	87,211	$	—	$	(1)	$	87,210	$	148,971	$	27	$	—	$	148,998
Total available-for-sale marketable debt securities	$	87,211	$	—	$	(1)	$	87,210	$	148,971	$	27	$	—	$	148,998

Schedule of Investment in MGM Resorts International

Investment in MGM Resorts International


	June 30, 2024		December 31, 2023
	(In thousands)
Investment in MGM	$	2,876,317	$	2,891,850


	Six Months Ended June 30, 2024
	(In thousands)
Revenues	$	8,710,845
Expenses	$	7,767,503
Net income	$	582,528
Net income attributable to MGM	$	404,548

Schedule of Long-term Investments

Long-term investments consist of:


	June 30, 2024		December 31, 2023
	(In thousands)
Equity securities without readily determinable fair values	$	396,481	$	404,848
Other	5,010		6,368
Total long-term investments	$	401,491	$	411,216

Schedule of Realized and Unrealized Gains and Losses


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Upward adjustments (gross unrealized pre-tax gains)	$	—	$	2,227	$	—	$	2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	—		(373)		(7,867)		(1,195)
Total	$	—	$	1,854	$	(7,867)	$	1,032

Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three and six months ended June 30, 2024 and 2023 are as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Realized pre-tax (losses) gains, net, for equity securities sold	$	(18)	$	993	$	4,416	$	1,000
Unrealized pre-tax gains (losses), net, on equity securities held	—		1,854		(7,867)		1,032
Total pre-tax (losses) gains, net recognized	$	(18)	$	2,847	$	(3,451)	$	2,032

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, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	1,095,488	$	—	$	—	$	1,095,488
Treasury discount notes	—		199,046		—		199,046
Time deposits	—		13,493		—		13,493
Marketable securities:

Treasury discount notes	—		87,210		—		87,210
Investment in MGM	2,876,317		—		—		2,876,317
Other non-current assets:
Warrant	—		—		70,024		70,024
Interest rate swaps(a)	—		4,663		—		4,663
Total	$	3,971,805	$	304,412	$	70,024	$	4,346,241

_____________________


	December 31, 2023
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	910,849	$	—	$	—	$	910,849
Treasury discount notes	—		87,251		—		87,251
Time deposits	—		19,497		—		19,497
Marketable securities:

Treasury discount notes	—		148,998		—		148,998
Investment in MGM	2,891,851		—		—		2,891,851
Other non-current assets:
Warrant	—		—		49,631		49,631
Total	$	3,802,700	$	255,746	$	49,631	$	4,108,077

Liabilities:
Other long-term liabilities
Interest rate swaps(a)	$	—	$	(907)	$	—	$	(907)

Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following tables present the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Three Months Ended June 30,
	2024		2023
	Warrant
	(In thousands)
Balance at April 1	$	39,400	$	52,739

Total net gains (losses):
Fair value adjustments included in earnings	30,624		(13,671)
Balance at June 30	$	70,024	$	39,068


	Six Months Ended June 30,
	2024		2023
	Warrant

Balance at January 1	$	49,631	$	46,799

Total net gains (losses):
Fair value adjustments included in earnings	20,393		(7,731)
Balance at June 30	$	70,024	$	39,068

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 949,527	$ 1,111,589	$ 1,879,207	$ 2,195,860
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	425,161	413,998	815,701	801,580
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	238,081	211,972	447,405	396,769
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	191,681	206,771	377,581	413,787
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	315,134	351,587	620,524	707,084
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	101,756	177,036	210,229	329,511
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	107,536	172,385	234,077	364,788
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(60)	(3,417)	(1,324)	(7,103)
Inter-segment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	(4,601)	(4,745)	(9,285)	(8,976)
United States
Segment Reporting Information [Line Items]
Revenue	836,995	967,051	1,643,154	1,919,723
United States \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	281,907	322,354	551,943	647,919
United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	281,907	322,354	551,943	647,919
United States \| Operating Segments \| Angi Inc. \| Services
Segment Reporting Information [Line Items]
Revenue	24,595	29,867	45,046	61,926
International
Segment Reporting Information [Line Items]
Revenue	112,532	144,538	236,053	276,137
International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	33,227	29,233	68,581	59,165
Display advertising \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	153,429	132,247	286,328	244,064
Performance marketing \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	53,542	53,510	105,086	103,565
Performance marketing \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	8,308	10,512	18,904	23,686
Licensing and other \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	31,110	26,215	55,991	49,140
Subscription \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	76,115	76,032	154,106	161,669
Advertising \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	45,136	27,174	50,418	59,420
Advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	101,382	176,382	209,343	328,089
Advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	1,899	3,730	4,874	6,892
Google advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	98,888	166,285	202,407	307,019
Google advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	152	272	410	535
Non-Google advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	2,494	10,097	6,936	21,070
Non-Google advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	1,747	3,458	4,464	6,357
Project and Other Print \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	37,990	35,566	66,544	63,675
Newsstand \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	24,132	57,487	87,609	105,337
Ads and Leads \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	257,312	292,487	506,897	585,993
Consumer connection \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	167,624	209,013	328,155	421,948
Consumer connection \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	27,018	23,371	56,687	48,116
Advertising \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	78,309	70,047	155,446	137,228
Membership subscription \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	11,261	13,231	23,039	26,430
Other \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	118	196	257	387
Service professional membership subscription \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	5,947	5,753	11,329	10,811
Advertising and other \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	262	109	565	238
Other \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	374	654	886	1,422
Marketplace \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	52,750	50,248	110,342	108,667
Subscription \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	46,101	85,919	110,288	172,319
Media production and distribution \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	4,739	7,110	6,278	10,725
Roofing \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	0	24,482	0	62,854
Service and other \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	$ 2,047	$ 896	$ 2,295	$ 3,331

LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of:


	June 30, 2024		December 31, 2023
	(In thousands)
Dotdash Meredith Debt
Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026	$	306,250	$	315,000
Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028	1,218,750		1,225,000
Total Dotdash Meredith long-term debt	1,525,000		1,540,000
Less: current portion of Dotdash Meredith long-term debt	38,750		30,000
Less: original issue discount	4,047		4,470
Less: unamortized debt issuance costs	7,535		8,423
Total Dotdash Meredith long-term debt, net	1,474,668		1,497,107

ANGI Group Debt
3.875% ANGI Group Senior Notes due August 15, 2028 ("ANGI Group Senior Notes"); interest payable each February 15 and August 15	500,000		500,000


Less: unamortized debt issuance costs	3,561		3,953
Total ANGI Group long-term debt, net	496,439		496,047

Total long-term debt, net	$	1,971,107	$	1,993,154

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

RELATED PARTY TRANSACTIONS - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) plane	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Other non-current assets	$ 476,759		$ 476,759		$ 473,267
Mr. Diller \| IAC and Vimeo
Related Party Transaction [Line Items]
Voting interests	10.00%		10.00%
Expedia
Related Party Transaction [Line Items]
Lease agreement term	5 years		5 years
CEO Compensation and Certain Expenses
Related Party Transaction [Line Items]
Related party transaction amount	$ 300	$ 2,300	$ 2,400	$ 4,600
Lease Agreement \| Vimeo
Related Party Transaction [Line Items]
Lease expense	800		1,700
Other non-current assets	$ 400		$ 400		$ 300
Corporate Aircraft Purchase Agreement \| Expedia
Related Party Transaction [Line Items]
Proportion of ownership interest held each by entity and by related party in aircraft employing flight crew (as a percent)	50.00%		50.00%
Number of aircraft operated \| plane			2
Proportion of ownership interest held each by entity and by related party in another entity employing flight crew (as a percent)	50.00%		50.00%
Percentage of ownership interest in aircraft by subsidiary	100.00%		100.00%

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets:
Treasury discount notes	$ 87,210	$ 148,998
Investment in MGM	2,876,317	2,891,851
Other non-current assets	476,759	473,267
Total assets	4,346,241	4,108,077
Interest rate swaps
Assets:
Other non-current assets	4,663
Liabilities:
Other long-term liabilities		(907)
Interest rate swaps \| Dotdash Meredith Term Loan B Facility \| Dotdash Meredith
Liabilities:
Notional amount			$ 350,000
Level 1
Assets:
Treasury discount notes	0	0
Investment in MGM	2,876,317	2,891,851
Total assets	3,971,805	3,802,700
Level 1 \| Interest rate swaps
Assets:
Other non-current assets	0
Liabilities:
Other long-term liabilities		0
Level 2
Assets:
Treasury discount notes	87,210	148,998
Investment in MGM	0	0
Total assets	304,412	255,746
Level 2 \| Interest rate swaps
Assets:
Other non-current assets	4,663
Liabilities:
Other long-term liabilities		(907)
Level 3
Assets:
Treasury discount notes	0	0
Investment in MGM	0	0
Total assets	70,024	49,631
Level 3 \| Interest rate swaps
Assets:
Other non-current assets	0
Liabilities:
Other long-term liabilities		0
Money market funds
Assets:
Cash equivalents	1,095,488	910,849
Money market funds \| Level 1
Assets:
Cash equivalents	1,095,488	910,849
Money market funds \| Level 2
Assets:
Cash equivalents	0	0
Money market funds \| Level 3
Assets:
Cash equivalents	0	0
Treasury discount notes
Assets:
Cash equivalents	199,046	87,251
Treasury discount notes \| Level 1
Assets:
Cash equivalents	0	0
Treasury discount notes \| Level 2
Assets:
Cash equivalents	199,046	87,251
Treasury discount notes \| Level 3
Assets:
Cash equivalents	0	0
Time deposits
Assets:
Cash equivalents	13,493	19,497
Time deposits \| Level 1
Assets:
Cash equivalents	0	0
Time deposits \| Level 2
Assets:
Cash equivalents	13,493	19,497
Time deposits \| Level 3
Assets:
Cash equivalents	0	0
Warrant
Assets:
Other non-current assets	70,024	49,631
Warrant \| Level 1
Assets:
Other non-current assets	0	0
Warrant \| Level 2
Assets:
Other non-current assets	0	0
Warrant \| Level 3
Assets:
Other non-current assets	$ 70,024	$ 49,631

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

Our reportable segments currently consist of Dotdash Meredith (Digital and Print), Angi Inc. (Ads and Leads, Services and International) and Search. Our CODM regularly reviews certain financial information by operating segment to determine allocation of resources and assess its performance. Segment profitability is determined by and presented on an Adjusted EBITDA basis consistent with the CODM’s view of profitability of its businesses, which excludes certain expenses that are required in accordance with GAAP. While not considered a reportable segment, Emerging & Other comprises various operating segments that do not meet the quantitative thresholds that require presentation as separate reportable segments.

The following table presents revenue by reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Revenue
Dotdash Meredith
Digital	$	238,081	$	211,972	$	447,405	$	396,769
Print	191,681		206,771		377,581		413,787
Intersegment eliminations(a)	(4,601)		(4,745)		(9,285)		(8,976)
Total Dotdash Meredith	425,161		413,998		815,701		801,580
Angi Inc.
Domestic:
Ads and Leads	257,312		292,487		506,897		585,993
Services	24,595		29,867		45,046		61,926
Total Domestic	281,907		322,354		551,943		647,919
International	33,227		29,233		68,581		59,165
Total Angi Inc.	315,134		351,587		620,524		707,084
Search	101,756		177,036		210,229		329,511
Emerging & Other	107,536		172,385		234,077		364,788
Intersegment eliminations(b)	(60)		(3,417)		(1,324)		(7,103)
Total	$	949,527	$	1,111,589	$	1,879,207	$	2,195,860

_____________________

(a) Intersegment eliminations primarily relate to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print.

The following table presents the revenue of the Company's reportable segments disaggregated by type of service:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Dotdash Meredith
Digital:
Advertising revenue	$	153,429	$	132,247	$	286,328	$	244,064
Performance marketing revenue	53,542		53,510		105,086		103,565
Licensing and other revenue	31,110		26,215		55,991		49,140
Total Digital revenue	238,081		211,972		447,405		396,769
Print:
Subscription revenue	76,115		76,032		154,106		161,669
Advertising revenue	45,136		57,487		87,609		105,337
Project and other revenue	37,990		35,566		66,544		63,675
Newsstand revenue	24,132		27,174		50,418		59,420
Performance marketing revenue	8,308		10,512		18,904		23,686
Total Print revenue	191,681		206,771		377,581		413,787


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Intersegment eliminations(a)	(4,601)		(4,745)		(9,285)		(8,976)
Total Dotdash Meredith revenue	$	425,161	$	413,998	$	815,701	$	801,580

Angi Inc.
Domestic:
Ads and Leads:
Consumer connection revenue	$	167,624	$	209,013	$	328,155	$	421,948
Advertising revenue	78,309		70,047		155,446		137,228
Membership subscription revenue	11,261		13,231		23,039		26,430
Other revenue	118		196		257		387
Total Ads and Leads revenue	257,312		292,487		506,897		585,993
Services revenue	24,595		29,867		45,046		61,926
Total Domestic revenue	281,907		322,354		551,943		647,919
International:
Consumer connection revenue	27,018		23,371		56,687		48,116
Service professional membership subscription revenue	5,947		5,753		11,329		10,811
Advertising and other revenue	262		109		565		238
Total International revenue	33,227		29,233		68,581		59,165
Total Angi Inc. revenue	$	315,134	$	351,587	$	620,524	$	707,084

Search
Advertising revenue:
Google advertising revenue	$	98,888	$	166,285	$	202,407	$	307,019
Non-Google advertising revenue	2,494		10,097		6,936		21,070
Total advertising revenue	101,382		176,382		209,343		328,089
Other revenue	374		654		886		1,422
Total Search revenue	$	101,756	$	177,036	$	210,229	$	329,511

Emerging & Other
Marketplace revenue	$	52,750	$	50,248	$	110,342	$	108,667
Subscription revenue	46,101		85,919		110,288		172,319
Media production and distribution revenue	4,739		7,110		6,278		10,725
Roofing revenue	—		24,482		—		62,854
Advertising revenue:
Non-Google advertising revenue	1,747		3,458		4,464		6,357
Google advertising revenue	152		272		410		535
Total advertising revenue	1,899		3,730		4,874		6,892
Service and other revenue	2,047		896		2,295		3,331
Total Emerging & Other revenue	$	107,536	$	172,385	$	234,077	$	364,788

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,
	2024		2023		2024		2023
	(In thousands)
Revenue:
United States	$	836,995	$	967,051	$	1,643,154	$	1,919,723
All other countries	112,532		144,538		236,053		276,137
Total	$	949,527	$	1,111,589	$	1,879,207	$	2,195,860


	June 30, 2024		December 31, 2023
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	676,298	$	743,914
All other countries	10,989		10,964
Total	$	687,287	$	754,878

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Operating income (loss)
Dotdash Meredith
Digital	$	26,025	$	6,059	$	25,845	$	(11,828)
Print	5,535		(944)		414		(6,700)
Other(c)(d)	(13,222)		(22,935)		(28,750)		(110,526)
Total Dotdash Meredith	18,338		(17,820)		(2,491)		(129,054)
Angi Inc.
Ads and Leads	24,806		4,791		44,627		18,271
Services	(4,488)		(5,175)		(11,989)		(17,627)
Other(c)	(15,191)		(16,568)		(30,308)		(31,507)
International	4,060		1,571		9,573		4,601
Total Angi Inc.	9,187		(15,381)		11,903		(26,262)
Search	4,624		13,961		8,980		24,731
Emerging & Other	(6,445)		2,051		(14,455)		13,907
Corporate	(37,703)		(38,284)		(75,114)		(74,391)
Total	$	(11,999)	$	(55,473)	$	(71,177)	$	(191,069)

_____________________


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Adjusted EBITDA(e):
Dotdash Meredith
Digital	$	63,446	$	50,834	$	100,405	$	75,237
Print	13,210		17,410		16,157		28,744
Other(c)(d)	(10,232)		(14,152)		(19,896)		(73,006)
Total Dotdash Meredith	66,424		54,092		96,666		30,975
Angi Inc.
Ads and Leads	48,977		28,155		90,198		68,006
Services	1,975		1,700		1,985		(468)
Other(c)	(13,904)		(13,109)		(25,825)		(25,463)
International	5,135		2,837		11,787		7,191
Total Angi Inc.	42,183		19,583		78,145		49,266
Search	4,645		13,982		9,022		24,773
Emerging & Other	(3,812)		5,015		(8,018)		20,614
Corporate	(22,182)		(22,486)		(45,527)		(46,319)
Total	$	87,258	$	70,186	$	130,288	$	79,309

_____________________

We consider operating income (loss) to be the financial measure calculated and presented in accordance with GAAP that is most directly comparable to our segment reporting performance measure, Adjusted EBITDA. The following tables reconcile operating income (loss) for the Company's reportable segments and net (loss) earnings attributable to IAC shareholders to Adjusted EBITDA:


	Three Months Ended June 30, 2024
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA (e)
	(In thousands)
Dotdash Meredith
Digital	$	26,025	$	3,436	$	3,681	$	30,304	$	63,446
Print	5,535		723		1,868		5,084		13,210
Other(c)	(13,222)		2,521		469		—		(10,232)
Total Dotdash Meredith	18,338		6,680		6,018		35,388		66,424
Angi Inc.									—
Ads and Leads	24,806		5,996		18,175		—		48,977
Services	(4,488)		1,088		5,375		—		1,975
Other(c)	(15,191)		1,287		—		—		(13,904)
International	4,060		301		774		—		5,135
Total Angi Inc.	9,187		8,672		24,324		—		42,183
Search	4,624		—		21		—		4,645
Emerging & Other	(6,445)		253		1,058		1,322		(3,812)
Corporate(f)	(37,703)		13,494		2,027		—		(22,182)
Total	(11,999)		$	29,099	$	33,448	$	36,710	$	87,258
Interest expense	(39,515)
Unrealized loss on investment in MGM Resorts International	(179,284)
Other income, net	54,693
Loss before income taxes	(176,105)
Income tax benefit	34,638
Net loss	(141,467)
Net earnings attributable to noncontrolling interests	(765)
Net loss attributable to IAC shareholders	$	(142,232)

_____________________


	Three Months Ended June 30, 2023
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA (e)
	(In thousands)
Dotdash Meredith
Digital	$	6,059	$	2,092	$	7,332	$	35,351	$	50,834
Print	(944)		376		3,855		14,123		17,410
Other(c)	(22,935)		3,102		5,681		—		(14,152)
Total Dotdash Meredith	(17,820)		5,570		16,868		49,474		54,092
Angi Inc.
Ads and Leads	4,791		5,307		15,394		2,663		28,155
Services	(5,175)		1,192		5,683		—		1,700
Other(c)	(16,568)		3,459		—		—		(13,109)
International	1,571		339		927		—		2,837
Total Angi Inc.	(15,381)		10,297		22,004		2,663		19,583
Search	13,961		—		21		—		13,982
Emerging & Other	2,051		188		730		2,046		5,015
Corporate(f)	(38,284)		14,138		1,660		—		(22,486)
Total	(55,473)		$	30,193	$	41,283	$	54,183	$	70,186
Interest expense	(39,077)
Unrealized loss on investment in MGM Resorts International	(32,362)
Other income, net	10,985
Loss before income taxes	(115,927)
Income tax benefit	24,297
Net loss	(91,630)
Net loss attributable to noncontrolling interests	2,585
Net loss attributable to IAC shareholders	$	(89,045)


	Six Months Ended June 30, 2024
	Operating Income (Loss)		Stock-based Compensation Expense		Depreciation		Amortization of Intangibles		Adjusted EBITDA(e)
	(In thousands)
Dotdash Meredith
Digital	$	25,845	$	5,636	$	8,538	$	60,386	$	100,405
Print	414		1,169		4,405		10,169		16,157
Other(c)	(28,750)		7,224		1,630		—		(19,896)
Total Dotdash Meredith	(2,491)		14,029		14,573		70,555		96,666
Angi Inc.
Ads and Leads	44,627		10,461		35,110		—		90,198
Services	(11,989)		2,469		11,505		—		1,985
Other(c)	(30,308)		4,483		—		—		(25,825)
International	9,573		656		1,558		—		11,787
Total Angi Inc.	11,903		18,069		48,173		—		78,145
Search	8,980		—		42		—		9,022
Emerging & Other	(14,455)		663		2,891		2,883		(8,018)
Corporate(f)	(75,114)		25,245		4,342		—		(45,527)
Total	(71,177)		$	58,006	$	70,021	$	73,438	$	130,288
Interest expense	(79,233)
Unrealized loss on investment in MGM Resorts International	(15,533)
Other income, net	89,498
Loss before income taxes	(76,445)
Income tax provision	(20,050)
Net loss	(96,495)
Net earnings attributable to noncontrolling interests	(706)
Net loss attributable to IAC shareholders	$	(97,201)


	Six Months Ended June 30, 2023
	Operating (Loss) Income		Total Non-Cash Compensation Expense		Total Depreciation		Amortization of Intangibles		Adjusted EBITDA(e)
	(In thousands)
Dotdash Meredith
Digital	$	(11,828)	$	3,787	$	12,576	$	70,702	$	75,237
Print	(6,700)		522		6,490		28,432		28,744
Other(c)(d)	(110,526)		6,352		31,168		—		(73,006)
Total Dotdash Meredith	(129,054)		10,661		50,234		99,134		30,975
Angi Inc.
Ads and Leads	18,271		10,798		33,612		5,325		68,006
Services	(17,627)		5,401		11,758		—		(468)
Other(c)	(31,507)		6,044		—		—		(25,463)
International	4,601		766		1,824		—		7,191
Total Angi Inc.	(26,262)		23,009		47,194		5,325		49,266
Search	24,731		—		42		—		24,773
Emerging & Other	13,907		705		1,672		4,330		20,614
Corporate(f)	(74,391)		24,759		3,313		—		(46,319)
Total	(191,069)		$	59,134	$	102,455	$	108,789	$	79,309
Interest expense	(77,249)
Unrealized gain on investment in MGM Resorts International	672,478
Other income, net	34,734
Earnings before income taxes	438,894
Income tax provision	(115,205)
Net earnings	323,689
Net loss attributable to noncontrolling interests	5,041
Net earnings attributable to IAC shareholders	$	328,730

- 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/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Long-term Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Equity securities without readily determinable fair values	$ 396,481	$ 404,848
Other	5,010	6,368
Long-term investments	$ 401,491	$ 411,216

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Income Statement for MGM (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Schedule of Equity Method Investments [Line Items]
Revenue	$ 949,527	$ 1,111,589	$ 1,879,207	$ 2,195,860
Expenses	961,526	1,167,062	1,950,384	2,386,929
Net income	(141,467)	(91,630)	(96,495)	323,689
Net income attributable to MGM	$ (142,232)	$ (89,045)	(97,201)	$ 328,730
MGM
Schedule of Equity Method Investments [Line Items]
Revenue			8,710,845
Expenses			7,767,503
Net income			582,528
Net income attributable to MGM			$ 404,548

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-19

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 31: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4J
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4J

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 4K
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4K

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

+ Details

- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	$ (11,999)	$ (55,473)	$ (71,177)	$ (191,069)
Stock-based compensation expense	29,099	30,193	58,006	59,134
Depreciation	33,448	41,283	70,021	102,455
Amortization of intangibles	36,710	54,183	73,438	108,789
Adjusted EBITDA	87,258	70,186	130,288	79,309
Interest expense	(39,515)	(39,077)	(79,233)	(77,249)
Unrealized (loss) gain on investment in MGM Resorts International	(179,284)	(32,362)	(15,533)	672,478
Other income, net	54,693	10,985	89,498	34,734
(Loss) earnings before income taxes	(176,105)	(115,927)	(76,445)	438,894
Income tax benefit (provision)	34,638	24,297	(20,050)	(115,205)
Net (loss) earnings	(141,467)	(91,630)	(96,495)	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)	2,585	(706)	5,041
Net (loss) earnings attributable to IAC shareholders	(142,232)	(89,045)	(97,201)	328,730
Operating Segments \| Dotdash Meredith
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	18,338	(17,820)	(2,491)	(129,054)
Stock-based compensation expense	6,680	5,570	14,029	10,661
Depreciation	6,018	16,868	14,573	50,234
Amortization of intangibles	35,388	49,474	70,555	99,134
Adjusted EBITDA	66,424	54,092	96,666	30,975
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	26,025	6,059	25,845	(11,828)
Stock-based compensation expense	3,436	2,092	5,636	3,787
Depreciation	3,681	7,332	8,538	12,576
Amortization of intangibles	30,304	35,351	60,386	70,702
Adjusted EBITDA	63,446	50,834	100,405	75,237
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	5,535	(944)	414	(6,700)
Stock-based compensation expense	723	376	1,169	522
Depreciation	1,868	3,855	4,405	6,490
Amortization of intangibles	5,084	14,123	10,169	28,432
Adjusted EBITDA	13,210	17,410	16,157	28,744
Operating Segments \| Dotdash Meredith \| Other
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(13,222)	(22,935)	(28,750)	(110,526)
Stock-based compensation expense	2,521	3,102	7,224	6,352
Depreciation	469	5,681	1,630	31,168
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	(10,232)	(14,152)	(19,896)	(73,006)
Operating Segments \| Angi Inc.
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	9,187	(15,381)	11,903	(26,262)
Stock-based compensation expense	8,672	10,297	18,069	23,009
Depreciation	24,324	22,004	48,173	47,194
Amortization of intangibles	0	2,663	0	5,325
Adjusted EBITDA	42,183	19,583	78,145	49,266
Operating Segments \| Angi Inc. \| Other
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(15,191)	(16,568)	(30,308)	(31,507)
Stock-based compensation expense	1,287	3,459	4,483	6,044
Depreciation	0	0	0	0
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	(13,904)	(13,109)	(25,825)	(25,463)
Operating Segments \| Angi Inc. \| Ads and Leads
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	24,806	4,791	44,627	18,271
Stock-based compensation expense	5,996	5,307	10,461	10,798
Depreciation	18,175	15,394	35,110	33,612
Amortization of intangibles	0	2,663	0	5,325
Adjusted EBITDA	48,977	28,155	90,198	68,006
Operating Segments \| Angi Inc. \| Services
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(4,488)	(5,175)	(11,989)	(17,627)
Stock-based compensation expense	1,088	1,192	2,469	5,401
Depreciation	5,375	5,683	11,505	11,758
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	1,975	1,700	1,985	(468)
Operating Segments \| Angi Inc. \| International
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	4,060	1,571	9,573	4,601
Stock-based compensation expense	301	339	656	766
Depreciation	774	927	1,558	1,824
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	5,135	2,837	11,787	7,191
Operating Segments \| Search
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	4,624	13,961	8,980	24,731
Stock-based compensation expense	0	0	0	0
Depreciation	21	21	42	42
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	4,645	13,982	9,022	24,773
Operating Segments \| Emerging & Other
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(6,445)	2,051	(14,455)	13,907
Stock-based compensation expense	253	188	663	705
Depreciation	1,058	730	2,891	1,672
Amortization of intangibles	1,322	2,046	2,883	4,330
Adjusted EBITDA	(3,812)	5,015	(8,018)	20,614
Corporate
Segment Reporting, Other Significant Reconciling Item
Operating Income (Loss)	(37,703)	(38,284)	(75,114)	(74,391)
Stock-based compensation expense	13,494	14,138	25,245	24,759
Depreciation	2,027	1,660	4,342	3,313
Amortization of intangibles	0	0	0	0
Adjusted EBITDA	$ (22,182)	$ (22,486)	$ (45,527)	$ (46,319)

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Treasury stock (in shares)	4,350,000	4,350,000
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,683 and 84,465 shares issued and 80,333 and 80,115 shares outstanding at June 30, 2024 and December 31, 2023, respectively
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	1,600,000,000	1,600,000,000
Common stock issued (in shares)	84,683,000	84,465,000
Common stock outstanding (in shares)	80,333,000	80,115,000
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	400,000,000	400,000,000
Common stock issued (in shares)	5,789,000	5,789,000
Common stock outstanding (in shares)	5,789,000	5,789,000

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	IAC	Angi Inc.	Redeemable Noncontrolling Interests	Total IAC Shareholders' Equity	Total IAC Shareholders' Equity IAC	Total IAC Shareholders' Equity Angi Inc.	Common Stock Common Stock, $0.0001 par value	Common Stock Common Stock, $0.0001 par value IAC	Common Stock Class B common stock, $0.0001 par value	Additional Paid-in-Capital	Additional Paid-in-Capital IAC	Additional Paid-in-Capital Angi Inc.	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income Angi Inc.	Treasury Stock	Treasury Stock IAC	Noncontrolling Interests	Noncontrolling Interests Angi Inc.
Balance at beginning of period at Dec. 31, 2022				$ 27,235
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(542)
Adjustment of noncontrolling interests to redemption amount				8,089
Other				(4)
Balance at end of period at Jun. 30, 2023				34,778
Balance at beginning of period at Dec. 31, 2022	$ 6,572,534				$ 5,931,614			$ 8		$ 1	$ 6,295,080			$ (265,019)	$ (13,133)		$ (85,323)		$ 640,920
Balance at beginning of period (in shares) at Dec. 31, 2022								84,184		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	324,231				328,730									328,730					(4,499)
Other comprehensive income (loss), net of income taxes	6,720				6,227										6,227				493
Stock-based compensation expense	61,265				36,127						36,127								25,138
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		$ (4,575)	$ (4,113)			$ (4,575)	$ (6,572)					$ (4,575)	$ (6,574)			$ 2				$ 2,459
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									176
Purchase of treasury stock		(167,179)	(3,397)			(167,179)	(3,397)						(3,397)					$ (167,179)
Adjustment of noncontrolling interests to redemption amount	(8,089)				(8,089)						(8,089)
Adjustment to the liquidation value of Vivian Health preferred shares	0				3,689						3,689								(3,689)
Other	105				133						133								(28)
Balance at end of period at Jun. 30, 2023	6,777,502				6,116,708			$ 8		$ 1	6,312,394			63,711	(6,904)		(252,502)		660,794
Balance at end of period (in shares) at Jun. 30, 2023								84,360		5,789
Balance at beginning of period at Mar. 31, 2023				27,189
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(288)
Adjustment of noncontrolling interests to redemption amount				7,881
Other				(4)
Balance at end of period at Jun. 30, 2023				34,778
Balance at beginning of period at Mar. 31, 2023	6,920,480				6,267,301			$ 8		$ 1	6,306,229			152,756	(14,641)		(177,052)		653,179
Balance at beginning of period (in shares) at Mar. 31, 2023								84,257		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(91,342)				(89,045)									(89,045)					(2,297)
Other comprehensive income (loss), net of income taxes	8,114				7,737										7,737				377
Stock-based compensation expense	31,332				20,064						20,064								11,268
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		(2,725)	(1,703)			(2,725)	(1,875)					(2,725)	(1,875)							172
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									103
Purchase of treasury stock		(75,450)	(3,397)			(75,450)	(3,397)						(3,397)					$ (75,450)
Adjustment of noncontrolling interests to redemption amount	(7,881)				(7,881)						(7,881)
Adjustment to the liquidation value of Vivian Health preferred shares	0				1,877						1,877								(1,877)
Other	74				102						102								(28)
Balance at end of period at Jun. 30, 2023	6,777,502				6,116,708			$ 8		$ 1	6,312,394			63,711	(6,904)		(252,502)		660,794
Balance at end of period (in shares) at Jun. 30, 2023								84,360		5,789
Balance at beginning of period at Dec. 31, 2023	33,378			33,378
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(91)
Adjustment of noncontrolling interests to redemption amount				(3,842)
Other				(313)
Balance at end of period at Jun. 30, 2024	29,132			29,132
Balance at beginning of period at Dec. 31, 2023	6,755,003				6,077,861			$ 8		$ 1	6,340,312			923	(10,942)		(252,441)		677,142
Balance at beginning of period (in shares) at Dec. 31, 2023								84,465		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(96,404)				(97,201)									(97,201)					797
Other comprehensive income (loss), net of income taxes	4,270				4,465										4,465				(195)
Stock-based compensation expense	61,047				39,935						39,935								21,112
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		(8,815)	(4,743)			(8,815)	2,259					(8,815)	2,255			4				(7,002)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									218
Purchase of treasury stock			(18,184)				(18,184)						(18,184)
Adjustment of noncontrolling interests to redemption amount	3,842				3,842						3,842
Adjustment to the liquidation value of Vivian Health preferred shares	0				4,141						4,141								(4,141)
Other	62				62						62
Balance at end of period at Jun. 30, 2024	6,696,078				6,008,365			$ 8		$ 1	6,363,548			(96,278)	(6,473)		(252,441)		687,713
Balance at end of period (in shares) at Jun. 30, 2024								84,683		5,789
Balance at beginning of period at Mar. 31, 2024				32,622
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(82)
Adjustment of noncontrolling interests to redemption amount				(3,337)
Other				(71)
Balance at end of period at Jun. 30, 2024	29,132			$ 29,132
Balance at beginning of period at Mar. 31, 2024	6,816,842				6,132,735			$ 8		$ 1	6,346,106			45,954	(6,893)		(252,441)		684,107
Balance at beginning of period (in shares) at Mar. 31, 2024								84,638		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	(141,385)				(142,232)									(142,232)					847
Other comprehensive income (loss), net of income taxes	377				418										418				(41)
Stock-based compensation expense	30,518				20,425						20,425								10,093
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		$ (692)	(1,479)			$ (692)	4,115					$ (692)	4,113			$ 2				$ (5,594)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									45
Purchase of treasury stock			$ (11,484)				$ (11,484)						$ (11,484)
Adjustment of noncontrolling interests to redemption amount	3,337				3,337						3,337
Adjustment to the liquidation value of Vivian Health preferred shares	0				1,699						1,699								(1,699)
Other	44				44						44
Balance at end of period at Jun. 30, 2024	$ 6,696,078				$ 6,008,365			$ 8		$ 1	$ 6,363,548			$ (96,278)	$ (6,473)		$ (252,441)		$ 687,713
Balance at end of period (in shares) at Jun. 30, 2024								84,683		5,789

LONG-TERM DEBT

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of:


	June 30, 2024		December 31, 2023
	(In thousands)
Dotdash Meredith Debt
Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026	$	306,250	$	315,000
Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028	1,218,750		1,225,000
Total Dotdash Meredith long-term debt	1,525,000		1,540,000
Less: current portion of Dotdash Meredith long-term debt	38,750		30,000
Less: original issue discount	4,047		4,470
Less: unamortized debt issuance costs	7,535		8,423
Total Dotdash Meredith long-term debt, net	1,474,668		1,497,107

ANGI Group Debt
3.875% ANGI Group Senior Notes due August 15, 2028 ("ANGI Group Senior Notes"); interest payable each February 15 and August 15	500,000		500,000


Less: unamortized debt issuance costs	3,561		3,953
Total ANGI Group long-term debt, net	496,439		496,047

Total long-term debt, net	$	1,971,107	$	1,993,154

Dotdash Meredith Term Loans and Dotdash Meredith Revolving Facility

On December 1, 2021, Dotdash Meredith entered into a credit agreement ("Dotdash Meredith Credit Agreement"), which provides for (i) the five-year $350 million Dotdash Meredith Term Loan A, (ii) the seven-year $1.25 billion Dotdash Meredith Term Loan B (and together with the Dotdash Meredith Term Loan A, the "Dotdash Meredith Term Loans") and (iii) a five-year $150 million revolving credit facility ("Dotdash Meredith Revolving Facility"). The Dotdash Meredith Term Loan A bears interest at an adjusted term secured overnight financing rate ("Adjusted Term SOFR") as defined in the Dotdash Meredith Credit Agreement plus an applicable margin depending on Dotdash Meredith's most recently reported consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement. The adjustment to the secured overnight financing rate is fixed at 0.10% for the Dotdash Meredith Term Loan A. The Dotdash Meredith Term Loan B has a varying adjustment of 0.10%, 0.15% or 0.25% based upon the duration of the borrowing period. At June 30, 2024 and December 31, 2023, the Dotdash Meredith Term Loan A bore interest at Adjusted Term SOFR plus 2.25%, or 7.65% and 7.69%, respectively, and the Dotdash Meredith Term Loan B bore interest at Adjusted Term SOFR, subject to a minimum of 0.50%, plus 4.00%, or 9.43% and 9.44%, respectively. Interest payments are due at least quarterly through the terms of the Dotdash Meredith Term Loans.

In March 2023, Dotdash Meredith entered into interest rate swaps on the Dotdash Meredith Term Loan B for a total notional amount of $350 million with a maturity date of April 1, 2027. The interest rate swaps synthetically converted $350 million of the Dotdash Meredith Term Loan B for the duration of the interest rate swaps from a variable rate to a fixed rate of approximately 7.92% ((i) the weighted average fixed interest rate of approximately 3.82% on the interest rate swaps plus (ii) the adjustment to the secured overnight financing rate of 0.10% plus (iii) the base rate of 4.00%), beginning on April 3, 2023.

The interest rate swaps are expected to be highly effective. See "Note 4—Accumulated Other Comprehensive Loss" for the net unrealized gains and losses before reclassifications in "Accumulated other comprehensive loss" and realized gains reclassified into "Interest expense" for the three and six months ended June 30, 2024 and 2023. At June 30, 2024, approximately $3.9 million is expected to be reclassified into interest expense within the next twelve months as realized gains.

The Dotdash Meredith Term Loan A requires quarterly principal payments of approximately $4.4 million through December 31, 2024, $8.8 million through December 31, 2025 and approximately $13.1 million thereafter through maturity. The Dotdash Meredith Term Loan B requires quarterly payments of $3.1 million through maturity. The Dotdash Meredith Term Loan B may require additional annual principal payments as part of an excess cash flow sweep provision, the amount of which, in part, is governed by the applicable net leverage ratio and further subject to the excess cash flow exceeding $80 million as defined in the Dotdash Meredith Credit Agreement. No such payment was required related to the period ended December 31, 2023.

There were no outstanding borrowings under the Dotdash Meredith Revolving Facility at June 30, 2024 and December 31, 2023. The annual commitment fee on undrawn funds is based on Dotdash Meredith's consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement, most recently reported and was 40 basis points at both June 30, 2024 and December 31, 2023. Any borrowings under the Dotdash Meredith Revolving Facility would bear interest, at Dotdash Meredith's option, at either a base rate or Adjusted Term SOFR, plus an applicable margin, which is based on Dotdash Meredith's consolidated net leverage ratio.

As of the last day of any calendar quarter, if either (i) $1.00 or more of loans under the Dotdash Meredith Revolving Facility or Dotdash Meredith Term Loan A are outstanding, or (ii) the outstanding face amount of undrawn letters of credit, other than cash collateralized letters of credit at 102% of face value, exceeds $25 million, subject to certain increases for qualifying material acquisitions, then Dotdash Meredith will not permit the consolidated net leverage ratio, which permits netting of up to $250 million in cash and cash equivalents, as of the last day of such quarter to exceed 5.5 to 1.0. The Dotdash Meredith Credit Agreement also contains covenants that would limit Dotdash Meredith’s ability to pay dividends, incur incremental secured indebtedness, or make distributions or certain investments in the event a default has occurred or if Dotdash Meredith’s consolidated net leverage ratio exceeds 4.0 to 1.0, subject to certain available amounts as defined in the Dotdash Meredith Credit Agreement. This ratio was exceeded for both test periods ended June 30, 2024 and December 31, 2023. The Dotdash Meredith Credit Agreement also permits the Company to, among other things, contribute cash to Dotdash Meredith which will provide additional liquidity to ensure that Dotdash Meredith does not exceed certain consolidated net leverage ratios for any test period, as further defined in the Dotdash Meredith Credit Agreement. In connection with these capital contributions, Dotdash Meredith may make distributions to the Company in amounts not more than any such capital contributions, provided that no default has occurred and is continuing. Such capital contributions and subsequent distributions impact the consolidated net leverage ratios of Dotdash Meredith. During the three and six months ended June 30, 2024, the Company contributed $50 million and $105 million, respectively, to Dotdash Meredith, which Dotdash Meredith subsequently distributed back to the Company $50 million in July 2024 and $55 million in April 2024. In addition, Dotdash Meredith distributed $105 million back to the Company in January 2024 related to its contribution in December 2023. During the three and six months ended June 30, 2023, the Company contributed $145 million and $280 million, respectively, to Dotdash Meredith, which Dotdash Meredith subsequently distributed back to the Company $150 million during the six months ended June 30, 2023.

The obligations under the Dotdash Meredith Credit Agreement are guaranteed by certain of Dotdash Meredith's wholly-owned subsidiaries and are secured by substantially all of the assets of Dotdash Meredith and certain of its subsidiaries.

ANGI Group Debt

ANGI Group, LLC ("ANGI Group"), a direct wholly-owned subsidiary of Angi Inc., issued the ANGI Group Senior Notes on August 20, 2020. These notes may be redeemed at the redemption prices, plus accrued and unpaid interest thereon, if any, as set forth in the indenture governing the notes.

The indenture governing the ANGI Group Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio exceeds 3.75 to 1.0 provided that ANGI Group is permitted to incur such liens under certain permitted credit facilities indebtedness notwithstanding the ratio, all as defined in the indenture. At June 30, 2024, there were no limitations pursuant thereto.

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables present the components of accumulated other comprehensive loss, net of income tax.


	Three Months Ended June 30, 2024
	Foreign Currency Translation Adjustment		Unrealized Gains On Interest Rate Swaps		Unrealized (Losses) Gains On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at April 1	$	(9,892)	$	3,001	$	(2)	$	(6,893)
Other comprehensive (loss) income before reclassifications	(149)		1,906		2		1,759
Amounts reclassified to earnings	(9)		(1,332)		—		(1,341)
Net current period other comprehensive (loss) income	(158)		574		2		418
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	2		—		—		2
Balance at June 30	$	(10,048)	$	3,575	$	—	$	(6,473)


	Three Months Ended June 30, 2023
	Foreign Currency Translation Adjustment		Unrealized (Losses) Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at April 1	$	(12,381)	$	(2,287)	$	27	$	(14,641)
Other comprehensive income (loss) before reclassifications	2,109		6,659		(11)		8,757
Amounts reclassified to earnings	—		(1,020)		—		(1,020)
Net current period other comprehensive income (loss)	2,109		5,639		(11)		7,737

Balance at June 30	$	(10,272)	$	3,352	$	16	$	(6,904)


	Six Months Ended June 30, 2024
	Foreign Currency Translation Adjustment		Unrealized (Losses) Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
	(In thousands)
Balance at January 1	$	(10,266)	$	(696)	$	20	$	(10,942)
Other comprehensive (loss) income before reclassifications	(1,213)		6,946		(20)		5,713
Amounts reclassified to earnings	1,427		(2,675)		—		(1,248)
Net current period other comprehensive income (loss)	214		4,271		(20)		4,465
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	4		—		—		4
Balance at June 30	$	(10,048)	$	3,575	$	—	$	(6,473)


	Six Months Ended June 30, 2023
		Foreign Currency Translation Adjustment		Unrealized Gains On Interest Rate Swaps		Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive (Loss) Income
		(In thousands)
Balance at January 1		$	(13,186)	$	—	$	53	$	(13,133)
Other comprehensive income (loss) before reclassifications		2,912		4,372		(37)		7,247
Amounts reclassified to earnings		—		(1,020)		—		(1,020)
Net current period other comprehensive income (loss)		2,912		3,352		(37)		6,227
Accumulated other comprehensive loss allocated to noncontrolling interests during the period		2		—		—		2
Balance at June 30		$	(10,272)	$	3,352	$	16	$	(6,904)

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Current Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Available-for-sale Marketable Securities
Amortized cost	$ 87,211	$ 148,971
Gross Unrealized Gains	0	27
Gross Unrealized Losses	(1)	0
Fair Value	87,210	148,998
Treasury discount notes
Schedule of Available-for-sale Marketable Securities
Amortized cost	87,211	148,971
Gross Unrealized Gains	0	27
Gross Unrealized Losses	(1)	0
Fair Value	$ 87,210	$ 148,998

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481830/320-10-45-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479130/326-30-45-1

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$ 6,816,842	$ 6,920,480	$ 6,755,003	$ 6,572,534
Total other comprehensive income, net of income taxes	377	8,114	4,270	6,720
Balance at end of period	6,696,078	6,777,502	6,696,078	6,777,502
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(9,892)	(12,381)	(10,266)	(13,186)
Balance at end of period	(10,048)	(10,272)	(10,048)	(10,272)
Foreign Currency Translation Adjustment including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	(149)	2,109	(1,213)	2,912
Amounts reclassified to earnings	(9)	0	1,427	0
Total other comprehensive income, net of income taxes	(158)	2,109	214	2,912
Foreign Currency Translation Adjustment attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income, net of income taxes	2		4	2
Unrealized (Losses) Gains On Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	3,001	(2,287)	(696)	0
Balance at end of period	3,575	3,352	3,575	3,352
Tax provision (benefit) on accumulated other comprehensive loss	1,100	1,000	1,100	1,000
Unrealized (Losses) Gains On Interest Rate Swaps including portion attributable to Noncontrolling interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	1,906	6,659	6,946	4,372
Amounts reclassified to earnings	(1,332)	(1,020)	(2,675)	(1,020)
Total other comprehensive income, net of income taxes	574	5,639	4,271	3,352
Unrealized (Losses) Gains On Interest Rate Swaps attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income, net of income taxes	0		0	0
Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(2)	27	20	53
Balance at end of period	0	16	0	16
Tax provision (benefit) on accumulated other comprehensive loss	0	100	0	100
Unrealized Gains (Losses) on Available-For-Sale Debt Securities including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	2	(11)	(20)	(37)
Amounts reclassified to earnings	0	0	0	0
Total other comprehensive income, net of income taxes	2	(11)	(20)	(37)
Unrealized Gains (Losses) on Available-For-Sale Debt Securities attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income, net of income taxes	0		0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(6,893)	(14,641)	(10,942)	(13,133)
Balance at end of period	(6,473)	(6,904)	(6,473)	(6,904)
Accumulated Other Comprehensive (Loss) Income including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	1,759	8,757	5,713	7,247
Amounts reclassified to earnings	(1,341)	(1,020)	(1,248)	(1,020)
Total other comprehensive income, net of income taxes	418	$ 7,737	4,465	6,227
Accumulated Other Comprehensive (Loss) Income attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income, net of income taxes	$ 2		$ 4	$ 2

INCOME TAXES	6 Months Ended
INCOME TAXES	Jun. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES 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, 2024 was a provision of $1.3 million due to a lower estimated annual effective tax rate from that applied to the first quarter's ordinary loss. The lower estimated annual effective rate was due primarily to an increase in forecasted nondeductible compensation expense. For the three months ended June 30, 2024, the Company recorded an income tax benefit of $34.6 million, which represents an effective income tax rate of 20%, which is lower than the statutory rate of 21% due primarily to nondeductible compensation expense, partially offset by research credits and state taxes. For the six months ended June 30, 2024, the Company recorded an income tax provision, despite a pre-tax loss, of $20.0 million due primarily to the nondeductible portion of goodwill in the sale of Mosaic Group and nondeductible compensation expense, partially offset by research credits and the realization of a capital loss. For the three and six months ended June 30, 2023, the Company recorded an income tax benefit of $24.3 million and income tax provision of $115.2 million, which represents an effective income tax rate of 21% and 26%, respectively. For the three months ended June 30, 2023, the effective income tax rate was the same as the statutory rate of 21% due primarily to nondeductible compensation expense and foreign income taxed at different statutory rates, offset by research credits, the realization of a capital loss and a change in forecasted rate. For the six months ended June 30, 2023, the effective income tax rate was higher than the statutory rate of 21% due primarily to state taxes and non-deductible compensation expense, partially offset by research credits. The Company's income taxes are routinely under audit by federal, state, local and foreign authorities as a result of previously filed separate company and consolidated tax returns for periods prior to the June 30, 2020 separation of IAC from Match Group (the "Match Separation") and for its tax returns filed on a standalone basis following the Match Separation. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Company is not currently under audit by the Internal Revenue Service. Returns filed in various other jurisdictions are open to examination for tax years beginning with 2014. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from the examination of prior year tax returns. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. At June 30, 2024 and December 31, 2023, accruals for interest and penalties are not material. At June 30, 2024 and December 31, 2023, unrecognized tax benefits, including interest and penalties, were $22.0 million and $19.6 million, respectively. Unrecognized tax benefits, including interest and penalties, at June 30, 2024 increased by $2.4 million due primarily to research credits. If unrecognized tax benefits at June 30, 2024 are subsequently recognized, $20.8 million, net of related deferred tax assets and interest, would reduce income tax expense. The comparable amount at December 31, 2023 was $18.6 million. The Company believes that it is reasonably possible that its unrecognized tax benefits could decrease by $0.3 million by June 30, 2025 due to expected settlements and statute expirations, all of which would reduce the income tax provision.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

(LOSS) EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Nov. 05, 2020	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator: Basic
Net (loss) earnings		$ (141,467)	$ (91,630)	$ (96,495)	$ 323,689
Net (earnings) loss attributable to noncontrolling interests		(765)	2,585	(706)	5,041
Net earnings attributed to unvested participating security		0	0	0	(11,296)
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders		$ (142,232)	$ (89,045)	$ (97,201)	$ 317,434
Denominator: Basic
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		83,100,000	83,081,000	83,036,000	84,301,000
(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)		$ (1.71)	$ (1.07)	$ (1.17)	$ 3.77
Numerator: Diluted
Net (loss) earnings		$ (141,467)	$ (91,630)	$ (96,495)	$ 323,689
Net (earnings) loss attributable to noncontrolling interests		(765)	2,585	(706)	5,041
Net earnings attributed to unvested participating security		0	0	0	(10,935)
Impact from public subsidiaries' dilutive securities		0	0	0	0
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders		$ (142,232)	$ (89,045)	$ (97,201)	$ 317,795
Denominator: Diluted
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		83,100,000	83,081,000	83,036,000	84,301,000
Dilutive securities (in shares)		0	0	0	2,889,000
Denominator for earnings per share - weighted average shares (shares)		83,100,000	83,081,000	83,036,000	87,190,000
(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)		$ (1.71)	$ (1.07)	$ (1.17)	$ 3.64
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		8,000,000	8,000,000	8,000,000	3,300,000
Chief Executive Officer \| Restricted Stock Awards \| RSA Agreement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares authorized for issuance (in shares)	3,000,000.0
Term of employment agreement and restricted stock agreement (in years)	10 years

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Available-for-sale marketable debt securities	$ 87,210	$ 148,998
Total marketable securities	$ 87,210	$ 148,998

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Revenue	$ 949,527	$ 1,111,589	$ 1,879,207	$ 2,195,860
United States
Segment Reporting Information [Line Items]
Revenue	836,995	967,051	1,643,154	1,919,723
Angi Inc. \| United States
Segment Reporting Information [Line Items]
Revenue	281,907	322,354	551,943	647,919
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	425,161	413,998	815,701	801,580
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	238,081	211,972	447,405	396,769
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	191,681	206,771	377,581	413,787
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	315,134	351,587	620,524	707,084
Operating Segments \| Angi Inc. \| United States
Segment Reporting Information [Line Items]
Revenue	281,907	322,354	551,943	647,919
Operating Segments \| Angi Inc. \| Ads and Leads \| United States
Segment Reporting Information [Line Items]
Revenue	257,312	292,487	506,897	585,993
Operating Segments \| Angi Inc. \| Services \| United States
Segment Reporting Information [Line Items]
Revenue	24,595	29,867	45,046	61,926
Operating Segments \| Angi Inc. \| International
Segment Reporting Information [Line Items]
Revenue	33,227	29,233	68,581	59,165
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	101,756	177,036	210,229	329,511
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	107,536	172,385	234,077	364,788
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(60)	(3,417)	(1,324)	(7,103)
Inter-segment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	$ (4,601)	$ (4,745)	$ (9,285)	$ (8,976)

FINANCIAL STATEMENT DETAILS (Tables)

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash and Cash Equivalents

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


	June 30, 2024		December 31, 2023		June 30, 2023		December 31, 2022
	(In thousands)
Cash and cash equivalents	$	1,601,775	$	1,297,445	$	1,326,988	$	1,417,390
Restricted cash included in other current assets	23,976		8,539		8,126		1,165
Restricted cash included in other non-current assets	250		257		381		7,514

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,626,001	$	1,306,241	$	1,335,495	$	1,426,069

Schedule of Restricted Cash

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


	June 30, 2024		December 31, 2023		June 30, 2023		December 31, 2022
	(In thousands)
Cash and cash equivalents	$	1,601,775	$	1,297,445	$	1,326,988	$	1,417,390
Restricted cash included in other current assets	23,976		8,539		8,126		1,165
Restricted cash included in other non-current assets	250		257		381		7,514

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,626,001	$	1,306,241	$	1,335,495	$	1,426,069

Schedule of Credit Losses

The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2024 and 2023, respectively:



	2024		2023
	(In thousands)
Balance at January 1	$	32,379	$	50,971
Current period provision for credit losses	29,648		48,608
Write-offs charged against the allowance	(40,865)		(55,198)
Recoveries collected	2,364		3,070
Other	122		(143)
Balance at June 30,	$	23,648	$	47,308

Schedule of Accumulated Amortization and Depreciation

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


Asset Category	June 30, 2024		December 31, 2023
	(In thousands)
Buildings, capitalized software, equipment and leasehold improvements	$	409,097	$	374,256
Intangible assets	$	683,538	$	636,645

Schedule of Other Income, Net


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Unrealized increase (decrease) in the estimated fair value of a warrant	$	30,624	$	(13,672)	$	20,393	$	(7,732)
Interest income	22,048		17,340		43,645		34,270
Net realized gain (loss) on sales of businesses, investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values(a)	2,262		2,649		28,203		1,348

Foreign exchange (losses) gains, net	(143)		1,572		(1,884)		2,081
Unrealized gain related to marketable equity securities	—		1,262		—		112
Other	(98)		1,834		(859)		4,655
Other income, net	$	54,693	$	10,985	$	89,498	$	34,734

_____________________

(a) Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group (within Emerging & Other), which was accounted for as a sale of a business, in the six months ended June 30, 2024.

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net (loss) earnings	$ (96,495)	$ 323,689
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Amortization of intangibles	73,438	108,789
Depreciation	70,021	102,455
Stock-based compensation expense	58,006	59,134
Non-cash lease expense (including right-of-use asset impairments)	31,270	72,506
Provision for credit losses	29,648	48,608
Unrealized (loss) gain on investment in MGM Resorts International	15,533	(672,478)
Deferred income taxes	6,452	101,451
Gains on sales of businesses and investments in equity securities (including upward and downward adjustments), net	(28,203)	(1,460)
Unrealized (increase) decrease in the estimated fair value of a warrant	(20,393)	7,731
Other adjustments, net	(350)	(7,202)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	13,167	30,325
Other assets	65,974	45,688
Operating lease liabilities	(34,764)	(39,576)
Accounts payable and other liabilities	(50,519)	(57,504)
Income taxes payable and receivable	7,512	2,453
Deferred revenue	8,780	3,645
Net cash provided by operating activities	149,077	128,254
Cash flows from investing activities:
Capital expenditures	(31,804)	(108,107)
Net proceeds from sales of assets	12,759	28,890
Proceeds from maturities of marketable debt securities	262,500	325,000
Purchases of marketable debt securities	(197,117)	(197,017)
Net proceeds from the sales of businesses and investments	162,179	3,491
Decrease in notes receivable	10,083	14,197
Purchases of investments	0	(103,555)
Other, net	0	9,901
Net cash provided by (used in) investing activities	218,600	(27,200)
Cash flows from financing activities:
Principal payments on Dotdash Meredith Term Loans	(15,000)	(15,000)
Other, net	(170)	41
Net cash used in financing activities	(47,042)	(193,352)
Total cash provided (used)	320,635	(92,298)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(875)	1,724
Net increase (decrease) in cash and cash equivalents and restricted cash	319,760	(90,574)
Cash and cash equivalents and restricted cash at beginning of period	1,306,241	1,426,069
Cash and cash equivalents and restricted cash at end of period	1,626,001	1,335,495
IAC
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(8,928)	(5,250)
Purchases of treasury stock	0	(165,622)
Angi Inc.
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(4,743)	(4,124)
Purchases of treasury stock	$ (18,201)	$ (3,397)

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Investments in MGM Resorts International (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Investment in MGM Resorts International	$ 2,876,317	$ 2,891,850

- Definition

This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.

+ References + Details

FINANCIAL STATEMENT DETAILS

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

FINANCIAL STATEMENT DETAILS

Cash and Cash Equivalents and Restricted Cash

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


	June 30, 2024		December 31, 2023		June 30, 2023		December 31, 2022
	(In thousands)
Cash and cash equivalents	$	1,601,775	$	1,297,445	$	1,326,988	$	1,417,390
Restricted cash included in other current assets	23,976		8,539		8,126		1,165
Restricted cash included in other non-current assets	250		257		381		7,514

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,626,001	$	1,306,241	$	1,335,495	$	1,426,069

Restricted cash included in "Other current assets" in the balance sheet at June 30, 2024 primarily consists of cash held in an account pledged pursuant to the future purchase of certain noncontrolling interests at Angi as well as cash held in escrow related to the funded pension plan in the United Kingdom and cash held related to insurance programs at Care.com.

Restricted cash included in "Other current assets" in the balance sheet at December 31, 2023 and June 30, 2023 primarily consists of cash held in escrow related to the funded pension plan in the United Kingdom and cash held related to insurance programs at Care.com.

Restricted cash included in "Other non-current assets" in the balance sheet in all periods presented other than December 31, 2022 consists of deposits related to leases.

Restricted cash included in "Other current assets" in the balance sheet at December 31, 2022 includes cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at December 31, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K. as well as a check endorsement guarantee at Roofing within Emerging & Other and deposits related to leases.

Credit Losses

The following table presents the changes in the allowance for credit losses for the six months ended June 30, 2024 and 2023, respectively:



	2024		2023
	(In thousands)
Balance at January 1	$	32,379	$	50,971
Current period provision for credit losses	29,648		48,608
Write-offs charged against the allowance	(40,865)		(55,198)
Recoveries collected	2,364		3,070
Other	122		(143)
Balance at June 30,	$	23,648	$	47,308

Accumulated Amortization and Depreciation

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


Asset Category	June 30, 2024		December 31, 2023
	(In thousands)
Buildings, capitalized software, equipment and leasehold improvements	$	409,097	$	374,256
Intangible assets	$	683,538	$	636,645

Other income, net


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands)
Unrealized increase (decrease) in the estimated fair value of a warrant	$	30,624	$	(13,672)	$	20,393	$	(7,732)
Interest income	22,048		17,340		43,645		34,270
Net realized gain (loss) on sales of businesses, investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values(a)	2,262		2,649		28,203		1,348

Foreign exchange (losses) gains, net	(143)		1,572		(1,884)		2,081
Unrealized gain related to marketable equity securities	—		1,262		—		112
Other	(98)		1,834		(859)		4,655
Other income, net	$	54,693	$	10,985	$	89,498	$	34,734

_____________________

(a) Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group (within Emerging & Other), which was accounted for as a sale of a business, in the six months ended June 30, 2024.

PENSION AND POSTRETIREMENT BENEFIT PLANS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension \| United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 51	$ 55	$ 102	$ 108
Interest cost	742	826	1,471	1,697
Expected return on plan assets	(548)	(633)	(1,112)	(1,134)
Actuarial gain recognition	(841)	(404)	(1,104)	(164)
Net periodic benefit (credit) cost	(596)	(156)	(643)	507
Pension \| International
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0
Interest cost	4,759	4,921	9,546	9,698
Expected return on plan assets	(4,760)	(4,916)	(9,547)	(9,687)
Actuarial gain recognition	0	0	0	0
Net periodic benefit (credit) cost	(1)	5	(1)	11
Postretirement \| United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	1	0	2
Interest cost	52	58	103	116
Expected return on plan assets	0	0	0	0
Actuarial gain recognition	0	0	0	0
Net periodic benefit (credit) cost	$ 52	$ 59	$ 103	$ 118

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: current portion of Dotdash Meredith long-term debt	$ 38,750	$ 30,000
Long-term debt, net	1,971,107	1,993,154
Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	1,525,000	1,540,000
Less: current portion of Dotdash Meredith long-term debt	38,750	30,000
Less: original issue discount	4,047	4,470
Less: unamortized debt issuance costs	7,535	8,423
Long-term debt, net	1,474,668	1,497,107
Angi Inc.
Debt Instrument [Line Items]
Less: unamortized debt issuance costs	3,561	3,953
Long-term debt, net	$ 496,439	$ 496,047
Term Loan \| Dotdash Meredith Term loan A Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	7.65%	7.69%
Term Loan \| Dotdash Meredith Term loan A Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 306,250	$ 315,000
Term Loan \| Dotdash Meredith Term Loan B Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	9.43%	9.44%
Term Loan \| Dotdash Meredith Term Loan B Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 1,218,750	$ 1,225,000
Senior Notes \| ANGI 3.875% Senior Notes \| Angi Inc.
Debt Instrument [Line Items]
Long-term debt	$ 500,000	$ 500,000
Interest rate on debt instrument (as a percent)	3.875%

(LOSS) EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

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

The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net (loss) earnings	$	(141,467)	$	(91,630)	$	(96,495)	$	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)		2,585		(706)		5,041
Net earnings attributed to unvested participating security	—		—		—		(11,296)
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(142,232)	$	(89,045)	$	(97,201)	$	317,434

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,100		83,081		83,036		84,301

(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(1.71)	$	(1.07)	$	(1.17)	$	3.77


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(In thousands, except per share data)
Diluted EPS:
Numerator:
Net (loss) earnings	$	(141,467)	$	(91,630)	$	(96,495)	$	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)		2,585		(706)		5,041
Net earnings attributed to unvested participating security	—		—		—		(10,935)
Impact from public subsidiaries' dilutive securities(b)	—		—		—		—
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(142,232)	$	(89,045)	$	(97,201)	$	317,795

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,100		83,081		83,036		84,301
Dilutive securities(b)(c)(d)	—		—		—		2,889
Denominator for earnings per share—weighted average shares(b)(c)(d)	83,100		83,081		83,036		87,190

(Loss) earnings per share:
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(1.71)	$	(1.07)	$	(1.17)	$	3.64

_____________________

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue	$ 949,527	$ 1,111,589	$ 1,879,207	$ 2,195,860
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	267,503	353,078	539,467	696,007
Selling and marketing expense	335,708	413,954	679,633	817,251
General and administrative expense	209,998	218,166	422,667	491,242
Product development expense	78,159	86,398	165,158	171,185
Depreciation	33,448	41,283	70,021	102,455
Amortization of intangibles	36,710	54,183	73,438	108,789
Total operating costs and expenses	961,526	1,167,062	1,950,384	2,386,929
Operating loss	(11,999)	(55,473)	(71,177)	(191,069)
Interest expense	(39,515)	(39,077)	(79,233)	(77,249)
Unrealized (loss) gain on investment in MGM Resorts International	(179,284)	(32,362)	(15,533)	672,478
Other income, net	54,693	10,985	89,498	34,734
(Loss) earnings before income taxes	(176,105)	(115,927)	(76,445)	438,894
Income tax benefit (provision)	34,638	24,297	(20,050)	(115,205)
Net (loss) earnings	(141,467)	(91,630)	(96,495)	323,689
Net (earnings) loss attributable to noncontrolling interests	(765)	2,585	(706)	5,041
Net (loss) earnings attributable to IAC shareholders	$ (142,232)	$ (89,045)	$ (97,201)	$ 328,730
Per share information attributable to IAC common stock and Class B common stock shareholders:
Basic earnings per share (USD per share)	$ (1.71)	$ (1.07)	$ (1.17)	$ 3.77
Diluted earnings per share (USD per share)	$ (1.71)	$ (1.07)	$ (1.17)	$ 3.64
Stock-based compensation expense by function:
Stock-based compensation expense	$ 29,099	$ 30,193	$ 58,006	$ 59,134
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	760	533	1,253	552
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	2,372	2,198	4,013	3,941
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	23,115	24,040	48,069	46,884
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 2,852	$ 3,422	$ 4,671	$ 7,757

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue and Long-lived Assets by Geography
Revenue	$ 949,527	$ 1,111,589	$ 1,879,207	$ 2,195,860
Long-lived assets (excluding goodwill and intangible assets)	687,287		687,287		$ 754,878
United States
Revenue and Long-lived Assets by Geography
Revenue	836,995	967,051	1,643,154	1,919,723
Long-lived assets (excluding goodwill and intangible assets)	676,298		676,298		743,914
All other countries
Revenue and Long-lived Assets by Geography
Revenue	112,532	$ 144,538	236,053	$ 276,137
Long-lived assets (excluding goodwill and intangible assets)	$ 10,989		$ 10,989		$ 10,964

- Definition

+ References

+ Details

FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 32,379	$ 50,971
Current period provision for credit losses	29,648	48,608
Write-offs charged against the allowance	(40,865)	(55,198)
Recoveries collected	2,364	3,070
Other	122	(143)
Balance at June 30,	$ 23,648	$ 47,308

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax provision due to nondeductible compensation expense	$ 1,300
Income tax provision (benefit)	$ (34,638)	$ (24,297)	$ 20,050	$ 115,205
Effective income tax rate (as a percent)	(20.00%)	(21.00%)		26.00%
Unrecognized tax benefits, including interest and penalties	$ 22,000		22,000		$ 19,600
Increase (decrease) in unrecognized tax benefits, including interest and penalties during the period			2,400
Unrecognized tax benefits, if subsequently recognized would reduce income tax expense	20,800		20,800		$ 18,600
Decrease in unrecognized tax benefit, reasonably possible within twelve months	$ 300		$ 300

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details