0001800227-25-000013 | 10-K | XBRL Viewer

Print Document

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS - Summary of Costs Incurred, Payments and Related Accruals (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Charges Incurred			$ 80,200
Dotdash Meredith
Restructuring Reserve [Roll Forward]
Accrued at beginning of period	$ 1,890	$ 27,394
Charges Incurred	130	3,674
Reversal of Initial Cost	(331)	(4,199)
Payments	(1,689)	(24,979)
Accrued at end of period	0	1,890	27,394
Restructuring costs accrued	79,512
Operating Segments \| Digital
Restructuring Reserve [Roll Forward]
Accrued at beginning of period	473	10,950
Charges Incurred	0	1,371
Reversal of Initial Cost	(223)	(1,827)
Payments	(250)	(10,021)
Accrued at end of period	0	473	10,950
Restructuring costs accrued	38,546
Operating Segments \| Print
Restructuring Reserve [Roll Forward]
Accrued at beginning of period	1,119	12,055
Charges Incurred	94	1,625	33,400
Reversal of Initial Cost	(108)	(1,645)
Payments	(1,105)	(10,916)
Accrued at end of period	0	1,119	12,055
Restructuring costs accrued	33,398
Other \| Dotdash Meredith
Restructuring Reserve [Roll Forward]
Accrued at beginning of period	298	4,389
Charges Incurred	36	678	7,600
Reversal of Initial Cost	0	(727)
Payments	(334)	(4,042)
Accrued at end of period	0	$ 298	$ 4,389
Restructuring costs accrued	$ 7,568

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets:
Treasury bills		$ 148,998
Investment in MGM	$ 2,242,672	2,891,851
Total assets	3,753,167	$ 4,108,077
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other long-term liabilities
Interest rate swaps
Liabilities:
Other long-term liabilities		$ (907)
Dotdash Meredith Term Loan B-1 Facility \| Interest rate swaps \| Dotdash Meredith
Liabilities:
Notional amount			$ 350,000
Level 1
Assets:
Treasury bills		0
Investment in MGM	2,242,672	2,891,851
Total assets	3,719,591	3,802,700
Level 1 \| Interest rate swaps
Liabilities:
Other long-term liabilities		0
Level 2
Assets:
Treasury bills		148,998
Investment in MGM	0	0
Total assets	33,576	255,746
Level 2 \| Interest rate swaps
Liabilities:
Other long-term liabilities		(907)
Level 3
Assets:
Treasury bills		0
Investment in MGM	0	0
Total assets	0	49,631
Level 3 \| Interest rate swaps
Liabilities:
Other long-term liabilities		0
Money market funds
Assets:
Cash equivalents	1,476,919	910,849
Money market funds \| Level 1
Assets:
Cash equivalents	1,476,919	910,849
Money market funds \| Level 2
Assets:
Cash equivalents	0	0
Money market funds \| Level 3
Assets:
Cash equivalents	0	0
Treasury bills
Assets:
Cash equivalents		87,251
Treasury bills \| Level 1
Assets:
Cash equivalents		0
Treasury bills \| Level 2
Assets:
Cash equivalents		87,251
Treasury bills \| Level 3
Assets:
Cash equivalents		0
Time deposits
Assets:
Cash equivalents	18,098	19,497
Time deposits \| Level 1
Assets:
Cash equivalents	0	0
Time deposits \| Level 2
Assets:
Cash equivalents	18,098	19,497
Time deposits \| Level 3
Assets:
Cash equivalents	0	0
Retirement Investment Fund
Assets:
Other non-current assets	13,763
Retirement Investment Fund \| Level 1
Assets:
Other non-current assets	0
Retirement Investment Fund \| Level 2
Assets:
Other non-current assets	13,763
Retirement Investment Fund \| Level 3
Assets:
Other non-current assets	0
Interest rate swaps
Assets:
Other non-current assets	1,715
Interest rate swaps \| Level 1
Assets:
Other non-current assets	0
Interest rate swaps \| Level 2
Assets:
Other non-current assets	1,715
Interest rate swaps \| Level 3
Assets:
Other non-current assets	$ 0
Warrant
Assets:
Other non-current assets		49,631
Warrant \| Level 1
Assets:
Other non-current assets		0
Warrant \| Level 2
Assets:
Other non-current assets		0
Warrant \| Level 3
Assets:
Other non-current assets		$ 49,631

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Remaining Costs

A summary of the charges incurred, reversals of initial costs, payments and related accruals is presented below. As of December 31, 2024, there are no expected remaining costs associated with the 2022 restructuring events.


			Year Ended December 31, 2024
	Accrued December 31, 2023		Charges Incurred		Reversal of Initial Cost		Payments		Accrued December 31, 2024		Cumulative Charges Incurred
	(In thousands)
Digital	$	473	$	—	$	(223)	$	(250)	$	—	$	38,546
Print	1,119		94		(108)		(1,105)		—		33,398
Other(a)	298		36		—		(334)		—		7,568
Total	$	1,890	$	130	$	(331)	$	(1,689)	$	—	$	79,512

_____________________

(a) Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments.


			Year Ended December 31, 2023
	Accrued December 31, 2022		Charges Incurred		Reversal of Initial Cost		Payments		Accrued December 31, 2023
			(In thousands)
Digital	$	10,950	$	1,371	$	(1,827)	$	(10,021)	$	473
Print	12,055		1,625		(1,645)		(10,916)		1,119
Other(a)	4,389		678		(727)		(4,042)		298
Total	$	27,394	$	3,674	$	(4,199)	$	(24,979)	$	1,890

Schedule of Restructuring Cost Allocation

The costs are allocated as follows in the statement of operations:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Cost of revenue	$	(205)	$	744	$	24,527
Selling and marketing expense	(116)		(1,300)		17,174
General and administrative expense(b)	126		(282)		28,096
Product development expense	(6)		313		3,435
Depreciation(c)	—		—		7,006
Total	$	(201)	$	(525)	$	80,238

_____________________

(b) Includes impairment charge of $14.3 million of an ROU asset for the year ended December 31, 2022. See “Note 2—Summary of Significant Accounting Policies” for additional information on the impairment charges.

(c) Includes impairment charge of $7.0 million of leasehold improvements and furniture and equipment for the year ended December 31, 2022. See “Note 2—Summary of Significant Accounting Policies” for additional information on the impairment charges.

FINANCIAL STATEMENT DETAILS (Tables)

12 Months Ended

Dec. 31, 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:


	December 31, 2024		December 31, 2023		December 31, 2022		December 31, 2021
	(In thousands)
Cash and cash equivalents	$	1,798,170	$	1,297,445	$	1,417,390	$	2,118,730
Restricted cash included in other current assets	8,974		8,539		1,165		1,941
Restricted cash included in other non-current assets	111		257		7,514		1,193

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,807,255	$	1,306,241	$	1,426,069	$	2,121,864

Schedule of Restricted Cash

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


	December 31, 2024		December 31, 2023		December 31, 2022		December 31, 2021
	(In thousands)
Cash and cash equivalents	$	1,798,170	$	1,297,445	$	1,417,390	$	2,118,730
Restricted cash included in other current assets	8,974		8,539		1,165		1,941
Restricted cash included in other non-current assets	111		257		7,514		1,193

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,807,255	$	1,306,241	$	1,426,069	$	2,121,864

Schedule of Changes in the Allowance for Credit Losses

The following table presents the changes in the allowance for credit losses:


	Year Ended December 31,
	2024		2023
	(In thousands)
Balance at January 1	$	32,379	$	50,971
Current period provision for credit losses	61,949		87,729
Write-offs charged against the allowance	(73,825)		(104,764)

Recoveries collected	5,384		5,227
Sale of a business	—		(6,958)
Other	2,026		174
Balance at December 31	$	27,913	$	32,379

Schedule of Other Current Assets


	December 31,
	2024		2023
	(In thousands)

Prepaid expenses	$	51,802	$	91,118
Other	115,373		166,381
Other current assets	$	167,175	$	257,499

Schedule of Property and Equipment, Net


Asset Category			Estimated Useful Lives
Buildings			5 to 39 Years
Capitalized software			2 to 3 Years
Equipment (including furniture)			3 to 12 Years
Leasehold improvements			1 to 11 Years


	December 31,
	2024		2023
	(In thousands)
Capitalized software	$	291,165	$	299,763
Buildings	165,700		160,567
Equipment (including furniture)	136,881		160,991
Leasehold improvements	92,324		108,273
Land	86,045		86,032
Projects in progress	40,187		13,911
Total gross carrying amount	812,302		829,537
Accumulated depreciation and amortization	(419,541)		(374,256)
Buildings, land, capitalized software, equipment and leasehold improvements, net	$	392,761	$	455,281

Schedule of Accrued Expenses and Other Current Liabilities


	December 31,
	2024		2023
	(In thousands)
Accrued employee compensation and benefits	$	199,398	$	180,384
Customer deposit liability	118,464		118,522
Accrued advertising expense	62,705		56,055
Other	300,066		316,566
Accrued expenses and other current liabilities	$	680,633	$	671,527

Schedule of Other (Expense) Income, Net


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Interest income	$	86,495	$	71,114	$	24,916
Unrealized increase (decrease) in the estimated fair value of a warrant	20,393		2,832		(62,495)
Net realized gain (loss) on sales of businesses and investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values(a)(b)(c)	10,373		(19,201)		59,299
Net periodic pension benefit credit (costs), other than the service cost component(d)	5,656		139		(206,422)
Unrealized gain (loss) related to marketable equity securities	121		(145)		(20,342)
Dotdash Meredith Credit Agreement amendment fees(e)	(3,453)		—		—
Foreign exchange (losses) gains, net	(2,588)		1,528		(8,503)



Other	(100)		7,595		(4,238)
Other income (expense), net	$	116,897	$	63,862	$	(217,785)

_____________________

(a) Includes downward and upward adjustments to the carrying value of equity securities without readily determinable fair values. For the years ended December 31, 2024, 2023 and 2022, the Company recorded net downward adjustments of $32.3 million, $20.2 million and $89.1 million, respectively.

(b) Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group, which was included within Emerging & Other, and was accounted for as a sale of a business, in the year ended December 31, 2024.

(c) Includes a gain of approximately $132.2 million on the sale of Bluecrew in the year ended December 31, 2022. On November 9, 2022, the Company completed the sale of Bluecrew, which was included within Emerging & Other, to EmployBridge, a provider of light industrial staffing solutions, for cash and stock with the Company becoming a minority shareholder in the combined company.

(d) Includes pre-tax actuarial gains (losses) of $6.0 million, $1.7 million and $(213.4) million for the years ended December 31, 2024, 2023 and 2022, respectively, related to the pension plans in the U.S. and U.K. See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.

(e) Relates to third-party fees in connection with the Amended Dotdash Meredith Credit Agreement entered into on November 26, 2024. See “Note 6—Long-term debt” for additional information.

Schedule of Supplemental Disclosure of Cash Flow Information


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Cash (paid) received during the year for:
Interest, net(f)	$	(150,610)	$	(156,172)	$	(98,150)
Income tax payments	$	(30,635)	$	(18,782)	$	(16,407)
Income tax refunds	$	5,887	$	1,667	$	3,004

(f) Includes receipts of $5.0 million and $3.2 million related to the interest rate swaps for the years ended December 31, 2024 and 2023, respectively. See “Note 2—Summary of Significant Accounting Policies” and “Note 6—Long-term Debt” for additional information.

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

Marketable Securities

At December 31, 2024, the Company has no outstanding available-for-sale marketable debt securities.

At December 31, 2023, the fair value of marketable securities are as follows:


	December 31, 2023
	(In thousands)

Available for sale marketable debt securities	$	148,998
Total marketable securities	$	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 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 losses of $0.3 million and $20.3 million for these investments during the years ended December 31, 2023 and 2022, respectively. The realized and unrealized pre-tax gain and losses related to these investments are included in “Other income (expense), net” in the statement of operations.

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


	December 31, 2023
		Amortized Cost		Gross Unrealized Gains		Fair Value
		(In thousands)
Treasury bills		$	148,971	$	27	$	148,998
Total available-for-sale marketable debt securities		$	148,971	$	27	$	148,998

The contractual maturities of debt securities classified as current available-for-sale at 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 December 31, 2023.

Investment in MGM Resorts International


	December 31,
	2024		2023
	(In thousands)
Investment in MGM	$	2,242,672	$	2,891,850

In the fourth quarter of 2023, MGM's ongoing share repurchase program passively increased the Company's ownership interest in MGM and 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. See “Note 2—Summary of Significant Accounting Policies” for further discussion of the Company’s investment in MGM.

Long-term Investments

Long-term investments consist of:


	December 31,
	2024		2023
	(In thousands)
Equity securities without readily determinable fair values	$	438,534	$	404,848
Other	—		6,368
Total long-term investments	$	438,534	$	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 (expense), net” in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at December 31, 2024 and 2023.


	Year Ended December 31,
	2024		2023
	(In thousands)
Upward adjustments (gross unrealized pre-tax gains)	$	1,901	$	2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	(34,218)		(22,463)
Total	$	(32,317)	$	(20,236)

The cumulative upward and downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values held at December 31, 2024 were $31.4 million and $160.1 million, respectively.

Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the years ended December 31, 2024, 2023 and 2022 are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Realized pre-tax gains, net, for equity securities sold	$	8,943	$	89	$	12,434
Unrealized pre-tax losses, net, on equity securities held	(32,317)		(20,236)		(89,137)
Total pre-tax losses, net recognized	$	(23,374)	$	(20,147)	$	(76,703)

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

Fair Value Measurements

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


	December 31, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	1,476,919	$	—	$	—	$	1,476,919

Time deposits	—		18,098		—		18,098



Other current assets:
Retirement investment fund(a)	—		13,763		—		13,763
Investment in MGM	2,242,672		—		—		2,242,672
Other non-current assets:


Interest rate swaps(b)	—		1,715		—		1,715
Total	$	3,719,591	$	33,576	$	—	$	3,753,167

_____________________

(a) See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.

(b) Interest rate swaps relate to the $350 million notional amount entered into to hedge Dotdash Meredith's Term Loan B-1. See “Note 2—Summary of Significant Accounting Policies” and “Note 6—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 bills	—		87,251		—		87,251
Time deposits	—		19,497		—		19,497
Marketable securities:

Treasury bills	—		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(b)	$	—	$	(907)	$	—	$	(907)

The following table presents the changes in the warrant, which was measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Year Ended December 31,
	2024		2023

	(In thousands)
Balance at January 1	$	49,631		$	46,799

Total net gains:
Fair value adjustments included in earnings	20,393			2,832
Settlements	(70,024)			—
Balance at December 31	$	—		$	49,631

Warrant

The Company owns preferred shares of 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 was recorded at fair value each reporting period with any change in fair value included in “Other income (expense), net” in the statement of operations. The warrant was measured using significant unobservable inputs and 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 and the fair value of the warrant of $70.0 million was reclassified to equity securities without readily determinable fair values. The Company had measured this warrant at fair value at June 30, 2024 using the settlement value of the shares received pursuant to its net exercise on July 23, 2024. For the periods prior to the settlement, the warrant was included in “Other non-current assets” in the balance sheet.

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 $1.93 billion and $1.95 billion at December 31, 2024 and 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

CONSOLIDATED BALANCE SHEET - USD ($)	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,798,170,000	$ 1,297,445,000
Marketable securities	0	148,998,000
Accounts receivable, net	519,690,000	536,650,000
Other current assets	167,175,000	257,499,000
Total current assets	2,485,035,000	2,240,592,000
Buildings, land, capitalized software, equipment and leasehold improvements, net	392,761,000	455,281,000
Goodwill	2,877,078,000	3,024,266,000
Intangible assets, net of accumulated amortization	722,135,000	874,705,000
Investment in MGM Resorts International	2,242,672,000	2,891,850,000
Long-term investments	438,534,000	411,216,000
Other non-current assets	388,945,000	473,267,000
TOTAL ASSETS	9,547,160,000	10,371,177,000
LIABILITIES:
Current portion of long-term debt	35,000,000	30,000,000
Accounts payable, trade	71,991,000	105,514,000
Deferred revenue	98,568,000	143,449,000
Accrued expenses and other current liabilities	680,633,000	671,527,000
Total current liabilities	886,192,000	950,490,000
Long-term debt, net	1,931,847,000	1,993,154,000
Deferred income taxes	13,867,000	164,612,000
Other long-term liabilities	410,866,000	474,540,000
Redeemable noncontrolling interests	25,415,000	33,378,000
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in capital	6,380,700,000	6,340,312,000
(Accumulated deficit) retained earnings	(538,974,000)	923,000
Accumulated other comprehensive loss	(11,396,000)	(10,942,000)
Treasury stock, 4,350 shares at December 31, 2024 and 2023	(252,441,000)	(252,441,000)
Total IAC shareholders' equity	5,577,898,000	6,077,861,000
Noncontrolling interests	701,075,000	677,142,000
Total shareholders' equity	6,278,973,000	6,755,003,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	9,547,160,000	10,371,177,000
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,831 and 84,465 shares issued and 80,481 and 80,115 shares outstanding at December 31, 2024 and 2023, respectively
SHAREHOLDERS' EQUITY:
Common stock, value	8,000	8,000
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at December 31, 2024 and 2023
SHAREHOLDERS' EQUITY:
Common stock, value	$ 1,000	$ 1,000

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Angi Inc.	IAC	Redeemable Noncontrolling Interests	Total IAC Shareholders' Equity	Total IAC Shareholders' Equity Angi Inc.	Total IAC Shareholders' Equity IAC	Common Stock Common Stock, $0.0001 par value	Common Stock Class B Common Stock, $0.0001 par value	Additional Paid-in Capital	Additional Paid-in Capital Angi Inc.	Additional Paid-in Capital IAC	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Angi Inc.	Treasury Stock	Treasury Stock IAC	Noncontrolling Interests	Noncontrolling Interests Angi Inc.
Balance at beginning of period at Dec. 31, 2021				$ 18,741
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) earnings				(2,130)
Other comprehensive income (loss), net of income taxes				0
Purchase of noncontrolling interests				(1,179)
Adjustment of noncontrolling interests to redemption amount				24,229
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest and subsequent adjustment to liquidation value				(11,782)
Other				(644)
Balance at end of period at Dec. 31, 2022				27,235
Balance at beginning of period at Dec. 31, 2021	$ 7,748,960				$ 7,175,226			$ 8	$ 1	$ 6,265,669			$ 905,151	$ 4,397		$ 0		$ 573,734
Balance at beginning of period (shares) at Dec. 31, 2021								83,922	5,789
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(1,190,325)				(1,170,170)								(1,170,170)					(20,155)
Other comprehensive income (loss), net of income taxes	(18,776)				(17,541)									(17,541)				(1,235)
Stock-based compensation expense	126,699				70,808					70,808								55,891
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(16,905)	$ (8,627)			(16,905)	$ (12,265)				(16,905)	$ (12,276)				$ 11				$ 3,638
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)								262
Purchase of treasury stock	(85,300)	(8,144)	$ (85,323)			(8,144)	$ (85,323)				(8,144)	$ 0					$ (85,323)
Adjustment of noncontrolling interests to redemption amount	(24,229)				(24,229)					(24,229)
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest and subsequent adjustment to liquidation value	54,700				17,818					17,818								36,882
Adjustment to noncontrolling interests resulting from the reorganization of a foreign subsidiary	(255)				7,580					7,580								(7,835)
Other	(5,241)				(5,241)					(5,241)
Balance at end 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 end of period (shares) at Dec. 31, 2022								84,184	5,789
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) earnings				(1,175)
Adjustment of noncontrolling interests to redemption amount				7,567
Other				(249)
Balance at end of period at Dec. 31, 2023	33,378			33,378
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	259,492				265,942								265,942					(6,450)
Other comprehensive income (loss), net of income taxes	2,699				2,186									2,186				513
Stock-based compensation expense	121,950				73,562					73,562								48,388
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(9,814)	(6,288)			(9,814)	(5,615)				(9,814)	(5,620)				$ 5				(673)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)								281
Purchase of treasury stock	(165,600)	(11,099)	$ (167,118)			(11,099)	$ (167,118)				(11,099)						$ (167,118)
Adjustment of noncontrolling interests to redemption amount	(7,567)				(7,567)					(7,567)
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest and subsequent adjustment to liquidation value	0				5,527					5,527								(5,527)
Other	214				243					243								29
Balance at end 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 end of period (shares) at Dec. 31, 2023								84,465	5,789
Increase (Decrease) in Temporary Equity [Roll Forward]
Net (loss) earnings				587
Adjustment of noncontrolling interests to redemption amount				(6,970)
Other				(1,580)
Balance at end of period at Dec. 31, 2024	25,415			$ 25,415
Increase (Decrease) in Shareholders' Equity
Net earnings (loss)	(533,917)				(539,897)								(539,897)					5,980
Other comprehensive income (loss), net of income taxes	(877)				(465)									(465)				(412)
Stock-based compensation expense	118,364				77,745					77,745								40,619
Issuance of common stock pursuant to stock-based awards, net of withholding taxes	(14,845)	(7,353)			(14,845)	4,024				(14,845)	4,013			11					$ (11,377)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (shares)								366
Purchase of treasury stock		$ (28,581)				$ (28,581)					$ (28,581)
Purchase of noncontrolling interests	(16,019)				(11,296)					(11,296)								(4,723)
Adjustment of noncontrolling interests to redemption amount	6,970				6,970					6,970
Issuance of Vivian Health preferred shares, net of fees, and the reclassification and creation of noncontrolling interest and subsequent adjustment to liquidation value	0				6,154					6,154								(6,154)
Other	228				228					228
Balance at end of period at Dec. 31, 2024	$ 6,278,973				$ 5,577,898			$ 8	$ 1	$ 6,380,700			$ (538,974)	$ (11,396)		$ (252,441)		$ 701,075
Balance at end of period (shares) at Dec. 31, 2024								84,831	5,789

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 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

GOODWILL AND INTANGIBLE ASSETS - Expected Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 92,710
2026	73,030
2027	15,142
2028	5,519
2029	5,359
Thereafter	17,262
Total	$ 209,022	$ 330,477

FINANCIAL STATEMENT DETAILS - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued employee compensation and benefits	$ 199,398	$ 180,384
Customer deposit liability	118,464	118,522
Accrued advertising expense	62,705	56,055
Other	300,066	316,566
Accrued expenses and other current liabilities	$ 680,633	$ 671,527

STOCK-BASED COMPENSATION

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

IAC currently has one active plan (the “Plan”) under which stock-based awards denominated in shares of or stock-based awards settleable in IAC common stock have been and may be granted. The Plan has a stated term of ten years. The Plan does not specify grant dates or vesting schedules of awards as those determinations have been delegated to the Compensation and Human Resources Committee of IAC's Board of Directors (the “Committee”). Each grant agreement reflects the vesting schedule for that grant as determined by the Committee. There are also outstanding stock-based awards that were granted under older plans that have since expired or been discontinued. The Plan provides for grants of stock options to acquire shares of IAC common stock (the exercise price of stock options granted will not be less than the market price of the Company's common stock on the grant date), RSUs denominated in shares of IAC common stock, including those that may be linked to the achievement of the Company's stock price, known as market-based awards (“MSUs”) and those that may be linked to the achievement of a performance target, known as performance-based awards (“PSUs”), restricted stock, as well as other equity awards, including those denominated or settleable in IAC shares. The Plan authorizes the Company to grant awards to its employees, officers, directors and consultants. At December 31, 2024, there are 29.9 million IAC common shares of stock reserved for future issuance under this plan.

IAC Denominated Stock-based Awards

IAC Restricted Common Stock

On November 5, 2020, the Company entered into a ten-year employment agreement and a Restricted Stock Agreement (the “RSA Agreement”) with Joseph Levin, IAC's Chief Executive Officer (“CEO”). The RSA Agreement provided for a grant of 3.0 million shares of IAC restricted common stock.

On January 13, 2025, the Company and Mr. Levin entered into an Employment Transition Agreement (the “Agreement”) pursuant to which the Employment Agreement, by and between Mr. Levin and the Company, dated November 5, 2020 (“Employment Agreement”), and the Amended and Restated RSA, dated June 7, 2021 were terminated, except as provided in Section 6 of the RSA Agreement. As a result, the 3.0 million shares of IAC restricted stock granted to Mr. Levin pursuant to the RSA Agreement were forfeited by Mr. Levin. Accordingly, the cumulative previously recognized stock-based compensation expense of $60.0 million recognized by the Company with respect to the restricted stock will be reversed in the quarter ending March 31, 2025. Of the $60.0 million of stock-based compensation expense that will be reversed, $10.2 million was recognized by Angi as it was attributable to the period from October 10, 2022 through April 8, 2024 when Mr. Levin served as CEO of Angi.

Pursuant to the Agreement, the Company transferred 5.0 million shares of Angi held by the Company to Mr. Levin and paid $9.3 million to satisfy applicable tax withholding obligations.

The Company will record $14.9 million of stock-based compensation expense with respect to the transfer of shares of Angi to Mr. Levin and $0.1 million of stock-based compensation expense with respect to the extension of the exercise period of certain IAC stock options in the quarter ending March 31, 2025 as provided in the Agreement.

IAC Restricted Stock Units

Broad based RSU awards issued through December 31, 2024 generally cliff-vest after a five-year period or vest over a four-year period from the grant date. There are no MSU or PSU awards outstanding at December 31, 2024 and 2023.

RSUs are awards in the form of phantom shares or units denominated in a hypothetical equivalent number of shares of IAC common stock and with the value of each RSU equal to the fair value of IAC common stock at the date of grant. Each RSU grant is subject to service-based vesting, where a specific period of continued employment must pass before an award vests. The expense is measured at the grant date as the fair value of IAC common stock and expensed as stock-based compensation over the vesting term.

Unvested RSUs outstanding at December 31, 2024 and changes during the period ended December 31, 2024 are as follows:


	RSUs
	Number of Shares	Weighted Average Grant Date Fair Value
	(Shares in thousands)
Unvested at January 1	1,822	$	82.28
Granted	351	51.29
Vested	(360)	74.45
Forfeited	(105)	74.27





Unvested at December 31	1,708	$	78.06

The Company currently settles RSU awards on a net basis, with the award holder entitled to receive IAC shares equal to the number of RSUs vesting less a number of shares with a value equal to the required cash tax withholding payment, which will be paid by the Company. The number of IAC common shares that would be required to net settle RSUs outstanding at February 7, 2025 is 0.9 million shares. In addition, withholding taxes, which will be paid by the Company on behalf of the employees upon vesting, would have been $34.0 million at February 7, 2025, assuming a 50% withholding rate.

The weighted average fair value of RSUs granted for the years ended December 31, 2024, 2023 and 2022, based on market prices of IAC's common stock on the grant date, was $51.29, $53.41 and $114.27, respectively.

The total fair value of RSUs that vested for the years ended December 31, 2024, 2023 and 2022 was $26.8 million, $8.3 million and $12.7 million, respectively.

IAC Stock Options

All outstanding stock options are fully vested.

Stock options outstanding at December 31, 2024 and changes during the period ended December 31, 2024 are as follows:


	December 31, 2024
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
	(Shares and intrinsic value in thousands)
Options Outstanding at January 1	2,570	$	14.23
Granted	—	—
Exercised	(121)	13.74
Forfeited	—	—
Expired	—	—






Options Outstanding at December 31	2,449	$	14.25	0.9	$	70,756
Options exercisable	2,449	$	14.25	0.9	$	70,756

The aggregate intrinsic value in the table above represents the difference between IAC's closing stock price on the last trading day of 2024 and the exercise price, multiplied by the number of in-the-money options that would have been exercised had all option holders exercised their options on December 31, 2024. The total intrinsic value of IAC stock options exercised during the years ended December 31, 2024, 2023 and 2022 was $5.1 million, $11.3 million and $3.4 million, respectively.

The following table summarizes the information about stock options outstanding and exercisable at December 31, 2024:


	Options Outstanding				Options Exercisable
Range of Exercise Prices	Outstanding at December 31, 2024	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price		Exercisable at December 31, 2024	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price
	(Shares in thousands)
Less than $10.00	426	1.2	$	8.61	426	1.2	$	8.61
$10.01 to $15.00	552	0.3	13.71		552	0.3	13.71
$15.01 to $20.00	1,471	1.0	16.09		1,471	1.0	16.09






	2,449	0.9	$	14.25	2,449	0.9	$	14.25

The fair value of stock option awards, with the exception of market-based awards, is estimated on the grant date using the Black-Scholes option pricing model. The Black-Scholes option pricing model incorporates various assumptions, including expected volatility, risk-free interest rate and expected term.

The Company has the discretion to settle IAC stock options net of withholding tax and exercise price or require the award holder to pay its share of the withholding tax, which he or she may do so by selling IAC common shares. The aggregate intrinsic value of IAC's stock options outstanding as of February 7, 2025, is $66.7 million. Assuming all stock options outstanding on February 7, 2025 were net settled on that date, the Company would have issued 0.8 million common shares and would have remitted $33.4 million in cash for withholding taxes (assuming a 50% withholding rate). Assuming all stock options outstanding on February 7, 2025 were settled through the issuance of a number of IAC common shares equal to the number of stock options exercised, the Company would have issued 2.4 million common shares and would have received $34.8 million in cash proceeds.

Stock-based Awards Denominated in the Shares of Certain Subsidiaries

Non-publicly traded Subsidiaries

The following description excludes awards denominated in Angi shares.

The Company has granted stock settled stock appreciation rights to employees and management that are denominated in the equity of certain non-publicly traded subsidiaries of the Company. These equity awards vest over a period of years or upon the occurrence of certain prescribed events. The value of the stock settled stock appreciation rights is tied to the value of the common stock of these subsidiaries. Accordingly, these interests only have value to the extent the relevant business appreciates in value above the initial value utilized to determine the exercise price. These interests can have significant value in the event of significant appreciation. The fair value of these interest is generally determined by the Board of Directors of the applicable subsidiary, which will occur at various dates through 2030. These equity awards are settled on a net basis, with the award holder entitled to receive a payment in IAC common shares equal to the intrinsic value of the award at exercise less an amount equal to the required cash tax withholding payment, which will be paid by the Company. The number of IAC common shares ultimately needed to settle these awards may vary significantly from the estimated number below as a result of both movements in our stock price and a determination of fair value of the relevant subsidiary that is different than our estimate. The expense associated with these equity awards is initially measured at fair value at the grant date and is expensed as stock-based compensation over the vesting term. The number of IAC common shares that would be required to settle these interests at current estimated fair values, including vested and unvested interests, at February 7, 2025 is 0.6 million shares. Withholding taxes, which will be paid by the Company on behalf of the employees upon exercise, would have been $25.8 million at February 7, 2025, assuming a 50% withholding rate.

Angi

Angi currently settles all of its equity awards on a net basis. Certain Angi stock appreciation rights issued prior to the transaction resulting in formation of Angi in 2017 (the “Combination”) are settleable in either shares of Angi common stock or shares of IAC common stock at IAC's option. If settled in IAC common stock, Angi reimburses IAC in shares of its common stock. At February 7, 2025 these awards are out of the money and have no intrinsic value. Certain equity awards denominated in shares of an Angi subsidiary may be settled in either shares of Angi common stock or IAC common stock at IAC's option. The aggregate intrinsic value of the subsidiary denominated equity awards at February 7, 2025 is $5.6 million ($4.4 million for awards currently vested and $1.2 million for awards currently unvested); assuming these awards were net settled on that date, the withholding taxes that would be payable by Angi on behalf of the employees are $2.8 million, assuming a 50% withholding rate, and Angi would have issued 1.6 million shares of its common stock. If IAC elects to settle the vested subsidiary denominated equity awards outstanding IAC would have issued 0.1 million shares of its common stock. To the extent shares of IAC common stock are issued in settlement of these awards, Angi is obligated to reimburse IAC for the cost of those shares by issuing shares of Angi common stock. The aggregate intrinsic value of all other Angi equity awards, including stock options and RSUs at February 7, 2025 is $41.3 million; assuming these awards were net settled on that date, the withholding taxes that would be payable by Angi on behalf of the employees are $19.2 million, assuming a 50% withholding rate, and Angi would have issued 12.5 million shares of its common stock.

Forfeitures and Unrecognized Compensation Cost

The amount of stock-based compensation expense recognized in the statement of operations is net of estimated forfeitures. The forfeiture rate is estimated at the grant date based on historical experience and revised, if necessary, in subsequent periods if actual forfeitures differ from the estimated rate. The expense ultimately recorded is for the awards that vest. At December 31, 2024, there is $206.8 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, including Angi, which is expected to be recognized over a weighted average period of approximately 3.6 years. Included in the aforementioned unrecognized compensation costs at December 31, 2024 is $81.0 million of unrecognized compensation costs related to Mr. Levin's restricted stock award that was forfeited in January 2025 in connection with his Employment Transition Agreement. Excluding Mr. Levin's restricted stock award, there was $125.8 million of unrecognized compensation cost, net of estimated forfeitures, related to all equity-based awards, which is expected to be recognized over a weighted average period of approximately 2.1 years. The amount of unrecognized compensation cost, net of estimated forfeitures, at December 31, 2024 related to Angi is $36.5 million.

Tax Benefits

The total income tax benefit recognized in the statement of operations for the years ended December 31, 2024, 2023 and 2022 related to all stock-based compensation expense is $13.6 million, $17.2 million and $20.0 million, respectively.

The aggregate income tax benefit recognized related to the exercise of stock options for the years ended December 31, 2024, 2023 and 2022, is $2.0 million, $4.0 million and $1.7 million, respectively. There may be some delay in the timing of the realization of the cash benefit of the income tax deductions related to stock-based compensation because it will be dependent upon the amount and timing of future taxable income and the timing of estimated income tax payments.

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax (benefit) provision at the federal statutory rate of 21%	$ (145,404)	$ 77,098	$ (320,510)
State income taxes, net of effect of federal tax benefit	(14,341)	12,542	(26,708)
Change in judgement on beginning of the year valuation allowance	(34,769)	(240)	3,523
Non-deductible portion of goodwill in the sale of Mosaic	23,839	0	0
Non-deductible executive compensation	10,941	10,383	12,359
Research credit	(10,897)	(11,973)	(19,041)
Change in valuation allowance on capital losses	(8,720)	774	10,010
Non-deductible goodwill impairment	0	1,659	15,764
Deferred tax adjustment for enacted changes in tax laws and rates	389	407	(7,152)
Other, net	19,893	18,168	668
Income tax (benefit) provision	$ (159,069)	$ 108,818	$ (331,087)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Long-Lived Assets and Intangible Assets with Definite Lives (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Intangible assets with definite lives
Non-cash lease expense (including right-of-use asset impairments)			$ 7.2	$ 48.9	$ 2.3
Impairment of leasehold improvements					7.0
Meredith Corporation
Intangible assets with definite lives
Impairment charges	$ 70.0	$ 21.3
Non-cash lease expense (including right-of-use asset impairments)	44.7	14.3		$ 44.7	$ 14.3
Impairment of leasehold improvements	$ 25.3	$ 7.0

- 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 + Details

STOCK-BASED COMPENSATION - Unvested RSUs (Details) - Restricted Stock Units (RSUs) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Balance at beginning of the period (in shares)	1,822
Granted (in shares)	351
Vested (in shares)	(360)
Forfeited (in shares)	(105)
Balance at end of the period (in shares)	1,708	1,822
Weighted Average Grant Date Fair Value
Balance at beginning of the period (USD per share)	$ 82.28
Granted (USD per share)	51.29	$ 53.41	$ 114.27
Vested (USD per share)	74.45
Forfeited (USD per share)	74.27
Balance at end of the period (USD per share)	$ 78.06	$ 82.28

FINANCIAL STATEMENT DETAILS - Changes in the Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 32,379	$ 50,971
Current period provision for credit losses	61,949	87,729
Write-offs charged against the allowance	(73,825)	(104,764)
Recoveries collected	5,384	5,227
Sale of a business	0	(6,958)
Other	2,026	174
Balance at December 31	$ 27,913	$ 32,379

SHAREHOLDERS' EQUITY - Narrative (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 vote shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2020 shares
Class of Stock
Directors elected (as a percent)	25.00%
Stock authorized for repurchase (in shares)				8.0
Stock repurchased (shares)	0.0	3.2	1.1
Stock repurchased (USD per share) \| $ / shares		$ 51.00	$ 77.44
Value of stock repurchased \| $		$ 165.6	$ 85.3
Share repurchase program, remaining authorized (in shares)	3.7
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,831 and 84,465 shares issued and 80,481 and 80,115 shares outstanding at December 31, 2024 and 2023, respectively
Class of Stock
Number of votes \| vote	1
Class B Common Stock
Class of Stock
Number of votes \| vote	10

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ (539,897)	$ 265,942	$ (1,170,170)

- 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 STATEMENT DETAILS - Supplemental Disclosure of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash (paid) received during the year for:
Interest, net	$ (150,610)	$ (156,172)	$ (98,150)
Income tax payments	(30,635)	(18,782)	(16,407)
Income tax refunds	5,887	1,667	$ 3,004
Interest receipts related to interest rate swaps	$ 5,000	$ 3,200

LEASES - Narrative (Details) - Meredith Corporation $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Downward purchase accounting adjustment	$ 4.3
Upward purchase accounting adjustment	$ 7.1

PENSION AND POST-RETIREMENT BENEFIT PLANS - Changes in Benefit Obligation and Changes in Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
International
Change in plan assets
Fair value of plan assets, beginning of year	$ 488,701
Fair value of plan assets, end of year	419,963	$ 488,701
Pension
Change in plan assets
Transfer to QRP	(16,000)
Pension \| United States
Change in benefit obligation
Benefit obligation, beginning of year	56,722	72,988
Service cost	202	211	$ 3,562
Interest cost	1,816	3,140	4,372
Net actuarial gain	(7,357)	(49)
Benefits paid (including lump sums)	(496)	(19,568)
Settlements	(46,856)	0
Curtailment gain	(399)	0
Foreign currency exchange rate impact	0	0
Benefit obligation, end of year	3,632	56,722	72,988
Change in plan assets
Fair value of plan assets, beginning of year	62,008	78,199
Actual return on plan assets	823	2,765
Employer contributions	489	612
Benefits paid (including lump sums)	(496)	(19,568)
Settlements	(46,856)	0
Transfer to QRP	(15,968)	0
Foreign currency exchange rate impact	0	0
Fair value of plan assets, end of year	0	62,008	78,199
(Under) over funded status, end of year	(3,632)	5,286
Pension \| International
Change in benefit obligation
Benefit obligation, beginning of year	488,269	467,829
Service cost	0	0	0
Interest cost	19,288	19,610	15,014
Net actuarial gain	(62,955)	(6,420)
Benefits paid (including lump sums)	(18,822)	(17,796)
Settlements	0	0
Curtailment gain	0	0
Foreign currency exchange rate impact	(5,154)	25,046
Benefit obligation, end of year	420,626	488,269	467,829
Change in plan assets
Fair value of plan assets, beginning of year	488,701	467,891
Actual return on plan assets	(45,117)	13,728
Employer contributions	172	163
Benefits paid (including lump sums)	(18,822)	(17,796)
Settlements	0	0
Transfer to QRP	0	0
Foreign currency exchange rate impact	(4,971)	24,715
Fair value of plan assets, end of year	419,963	488,701	467,891
(Under) over funded status, end of year	(663)	432
Post-Retirement \| United States
Change in benefit obligation
Benefit obligation, beginning of year	4,248	4,473
Service cost	1	4	7
Interest cost	206	231	262
Net actuarial gain	(370)	(496)
Benefits paid (including lump sums)	(43)	36
Settlements	0	0
Curtailment gain	0	0
Foreign currency exchange rate impact	0	0
Benefit obligation, end of year	4,042	4,248	4,473
Change in plan assets
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	0	0
Benefits paid (including lump sums)	0	0
Settlements	0	0
Transfer to QRP	0	0
Foreign currency exchange rate impact	0	0
Fair value of plan assets, end of year	0	0	$ 0
(Under) over funded status, end of year	$ (4,042)	$ (4,248)

LEASES - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
LEASES - Lease Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Fixed lease expense			$ 59,262	$ 113,905	$ 70,397
Variable lease expense			18,728	19,846	16,694
Net lease expense			77,990	133,751	87,091
Operating lease impairment charges			7,200	48,900	2,300
Short-term lease cost			1,000	1,600	4,000
Sublease income			16,000	15,200	17,100
Gains (losses) on termination of leases			2,200	(200)	3,300
Meredith Corporation
Lessee, Lease, Description [Line Items]
Operating lease impairment charges	$ 44,700	$ 14,300		44,700	14,300
Cost of revenue
Lessee, Lease, Description [Line Items]
Fixed lease expense			1,149	708	1,283
Selling and marketing expense
Lessee, Lease, Description [Line Items]
Fixed lease expense			666	2,362	6,229
Variable lease expense			0	79	199
General and administrative expense
Lessee, Lease, Description [Line Items]
Fixed lease expense			56,404	110,177	61,886
Variable lease expense			18,728	19,610	16,406
Product development expense
Lessee, Lease, Description [Line Items]
Fixed lease expense			1,043	658	999
Variable lease expense			$ 0	$ 157	$ 89

ORGANIZATION - Narrative (Details) professional in Thousands, project in Millions, people in Millions, $ in Millions	3 Months Ended	12 Months Ended	15 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2024 people brand segment category professional project	Dec. 31, 2024 people brand segment professional project	Feb. 15, 2024 USD ($)
Mosaic Group
Business Acquisition [Line Items]
Disposal group, consideration \| $				$ 160.0
Vimeo \| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff
Business Acquisition [Line Items]
Tax benefit from discontinued operations \| $	$ 2.7
Angi
Business Acquisition [Line Items]
Ownership interest (as a percent)		85.30%	85.30%
Voting interest (as a percent)		98.30%	98.30%
Dotdash Meredith
Business Acquisition [Line Items]
Number of product users (nearly) \| people		200	200
Number of iconic brands (over) \| brand		40	40
Number of operating segments \| segment		2
Angi
Business Acquisition [Line Items]
Number of operating segments \| segment			3
Number of service categories (more than) \| category		500
Number of service professionals (over) \| professional		168	168
Number of projects \| project		17	17

GOODWILL AND INTANGIBLE ASSETS - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 2,877,078	$ 3,024,266	$ 3,030,168
Intangible assets with indefinite lives	513,113	544,228
Intangible assets with definite lives, net of accumulated amortization	209,022	330,477
Total goodwill and intangible assets, net	$ 3,599,213	$ 3,898,971

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

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(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) shares in Millions		12 Months Ended
	Jul. 23, 2024 USD ($) shares	Dec. 31, 2023 USD ($) investment	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($) investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities		$ 148,998,000		$ 0
Number of investments in marketable equity securities \| investment		2		0
Unrealized gain (loss) on marketable equity security		$ (300,000)	$ (20,300,000)
Available-for-sale marketable debt securities in a continuous unrealized loss position for longer than twelve months		0
Total upward adjustments to equity securities without readily determinable fair value				$ 31,400,000
Total downward adjustments to equity securities without readily determinable fair value				160,100,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long-term debt		$ 1,950,000,000		$ 1,930,000,000
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
Equity securities	$ 70,000,000

PENSION AND POST-RETIREMENT BENEFIT PLANS - Expected Future Benefit Payment (Details) $ in Thousands	Dec. 31, 2024 USD ($)
United States \| Pension
Defined Benefit Plan Disclosure [Line Items]
2025	$ 1,662
2026	303
2027	269
2028	439
2029	238
2030-2034	922
Net amount recognized, end of year	3,833
United States \| Post-Retirement
Defined Benefit Plan Disclosure [Line Items]
2025	444
2026	415
2027	395
2028	378
2029	365
2030-2034	1,544
Net amount recognized, end of year	3,541
International \| Pension
Defined Benefit Plan Disclosure [Line Items]
2025	16,067
2026	16,886
2027	17,798
2028	18,669
2029	19,568
2030-2034	112,082
Net amount recognized, end of year	$ 201,070

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Capitalized Software, Equipment, Buildings, Leasehold Improvements and Land (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Buildings, land, capitalized software, equipment and leasehold improvements, net	$ 392,761	$ 455,281
Buildings \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	5 years
Buildings \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	39 years
Capitalized software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	2 years
Capitalized software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Equipment (including furniture) \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	3 years
Equipment (including furniture) \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	12 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	1 year
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	11 years
Software and software development costs
Property, Plant and Equipment [Line Items]
Buildings, land, capitalized software, equipment and leasehold improvements, net	$ 82,800	$ 109,700

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency Translation and Transaction Gains and Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other (Expense) Income, Net \| Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Gains (losses) reclassified to earnings	$ (1.4)	$ 0.0	$ (0.1)

- 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 + Details

- Definition

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

+ References + Details

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2024	Dec. 31, 2023
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Income tax benefit related to net operating loss carryforwards		$ 36,400
Tax credit carryforwards		97,900
Tax credit carryforwards that can be carried forward indefinitely		14,400
Tax credit carryforwards expiring primarily between 2023 and 2042		83,500
Decrease in valuation allowance		37,600
Valuation allowance at end of period		94,400
Unrecognized tax benefits, income tax penalties and interest accrued		23,800	$ 19,600
Unrecognized tax benefits, decrease primarily due to research credits		4,200
Tax positions for which the ultimate deductibility is highly certain but timing is uncertain		22,600	$ 18,600
Decrease in unrecognized tax benefits is reasonably possible		500
Federal Tax Authority
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards		1,100,000
Net operating loss carryforwards not subject to expiration		1,100,000
Net operating loss carryforwards without restrictions		1,000,000
State Tax Authority
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards		1,100,000
Net operating loss carryforwards not subject to expiration		100,000
Net operating loss carryforwards subject to expiration within 20 years		1,000,000
Net operating loss carryforwards without restrictions		800,000
Tax credit carryforwards		1,900
Foreign Tax Jurisdiction
Deferred Tax Assets, Operating Loss Carryforwards, Components [Abstract]
Net operating loss carryforwards		397,100
Net operating loss carryforwards not subject to expiration		386,000
Net operating loss carryforwards subject to expiration within 20 years		11,100
Tax credit carryforwards		5,900
Tax credit carryforwards related to research and development		$ 90,100
Decrease in valuation allowance	$ 31,100

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Company overview IAC today is comprised of category leading businesses, including Dotdash Meredith, Angi Inc. (“Angi”) and Care.com, as well as others ranging from early stage to established businesses. IAC also holds strategic equity positions in businesses across several industries, including in MGM Resorts International (“MGM”) and Turo, Inc (“Turo”). 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). Dotdash Meredith Dotdash Meredith is one of the largest digital and print publishers in America. Nearly 200 million people trust Dotdash Meredith each month to help them make decisions, take action, and find inspiration. Dotdash Meredith's over 40 iconic brands include People, Better Homes & Gardens, Verywell, FOOD & WINE, The Spruce, allrecipes, BYRDIE, REAL SIMPLE, Investopedia, and Southern Living. Dotdash Meredith has two operating segments: (i) Digital, which includes its digital, mobile and licensing operations; and (ii) Print, which includes its magazine subscription and newsstand operations. Angi On January 13, 2025, IAC announced that its Board of Directors approved a plan to spin off its full stake in Angi to IAC shareholders. The Company intends to effect the spin-off through a dividend to the holders of its common stock and Class B common stock of all of the common stock of Angi owned by the Company (the “Distribution”). Prior to the effective time of the Distribution, the Company intends to voluntarily convert all of the shares of Class B common stock of Angi that it owns to shares of Class A common stock of Angi. The completion of the Distribution remains subject to customary conditions and to the final approval of the Company's Board of Directors and may not be completed, on the anticipated terms or at all. The Company expects to complete the Distribution as soon as March 31, 2025. Angi is a publicly traded company that connects quality home professionals with consumers across more than 500 different categories, from repairing and remodeling homes to cleaning and landscaping. Approximately 168,000 transacting professionals actively sought consumer matches, completed jobs or advertised work through Angi platforms during the three months ended December 31, 2024. Additionally, consumers turned to at least one Angi business to find a professional for approximately 17 million projects during the twelve months ended December 31, 2024. At December 31, 2024, IAC’s economic interest and voting interest in Angi were 85.3% and 98.3%, respectively. On November 1, 2023, Angi 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 did 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. Following the sale of Roofing, Angi has three operating segments: (i) Ads and Leads, (ii) Services and (iii) International (includes Europe and Canada), and operates under multiple brands including Angi, HomeAdvisor and Handy. Ads and Leads provides professionals the capability to engage with potential customers, including quoting and invoicing services, and provides consumers with tools and resources to help them find local, pre-screened and customer-rated professionals nationwide for home repair, maintenance and improvement projects. Services consumers can request household services directly through the Angi platform, and such requests are fulfilled by independently established home services providers engaged in a trade, occupation and/or business that customarily provides such services. Matching service, booking of pre-priced services and related tools and directories are provided to consumers free of charge upon registration. Care.com Care.com, a leading online destination for families to connect with caregivers for their children, aging parents, pets and homes and for caregivers to connect with families seeking care services. Care.com's brands include Care For Business, Care.com offerings to enterprises and HomePay. Search The Search segment consists of Ask Media Group and the Desktop business. Ask Media Group is a collection of websites providing general search services and information. The Desktop business includes our business-to-business partnership operations and the remaining installed base of our legacy direct-to-consumer downloadable desktop applications. Ask Media Group’s websites include, among others: Ask.com, a search site with a variety of fresh and contemporary content (celebrities, culture, entertainment, travel and general knowledge); Reference.com, a search and general knowledge content site that provides content across select vertical categories (history, business and finance and geography, among other verticals); Consumersearch.com, a search and content website that provides content designed to simplify the product research process; and Shopping.net, a vertical shopping search site, each of which contains a mix of search services and/or content targeted to various user or segment demographics. Emerging & Other Emerging & Other primarily includes: •Vivian Health, a platform to efficiently connect healthcare professionals with job opportunities; •The Daily Beast, a website dedicated to news, commentary, culture and entertainment that publishes original reporting and opinion from its roster of full-time journalists and contributors; •IAC Films, a provider of producer services for feature films, primarily for initial sale and distribution through theatrical releases and video-on-demand services in the United States (“U.S.”) and internationally; •Mosaic Group, a former developer and provider of global subscription mobile applications, for periods prior to the sale of its assets on February 15, 2024, which was accounted for as a sale of a business, for approximately $160 million; •Roofing, a provider of roof replacement and repair services, for periods prior to its sale on November 1, 2023; and •Bluecrew, a technology driven staffing platform, for periods prior to its sale on November 9, 2022. Discontinued Operation Following the spin-off of IAC's full stake in Vimeo, Inc. (“Vimeo”) to IAC shareholders on May 25, 2021, Vimeo became an independent, separately traded public company and was presented as a discontinued operation within the Company's financial statements. During the fourth quarter of 2022, the Company allocated to Vimeo certain federal and state net operating losses based on the filing of its 2021 tax returns. The Company recorded a $2.7 million tax benefit through discontinued operations and deferred taxes to reflect this allocation.

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value of Marketable Securities (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Available for sale marketable debt securities	$ 0	$ 148,998,000
Total marketable securities	$ 0	$ 148,998,000

PENSION AND POST-RETIREMENT BENEFIT PLANS

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

PENSION AND POST-RETIREMENT BENEFIT PLANS

Pension and Post-Retirement Plans

In connection with the 2021 acquisition of Meredith, the Company assumed the obligations under Meredith’s various pension plans. The plans include U.S. noncontributory pension plans that cover substantially all employees who were employed by Meredith prior to January 1, 2018. There are two international pension plans in the U.K., including the IPC Plan. The international plans have no active participants. The two U.S. and two U.K. plans consist of a qualified (funded) plan and a nonqualified (unfunded) plan in each country. These plans provide participants with retirement benefits in accordance with benefit provision formulas. The unfunded pension plans provide retirement benefits to certain highly compensated employees. The Company also assumed Meredith's defined healthcare and life insurance plans that provide benefits to eligible employees upon their retirement.

U.S. Pension Plans and Post-Retirement Plan

On December 28, 2024, Dotdash Meredith amended the domestic unfunded pension plan to freeze active participation as of December 31, 2024. All plan participants will continue as participants in this plan with respect to their accrued benefits until their accrued benefits are distributed to them or their beneficiaries. The plan was closed to new participants as of December 31, 2022, and participant's covered compensation was frozen effective December 31, 2024. Participants continue to receive interest accumulation pursuant to the terms of the plan. Because the plan is unfunded, Dotdash Meredith will make benefit payments to the participants once they reach their benefit eligibility date.

Dotdash Meredith 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. In connection with the termination of this plan, the liabilities were settled through a combination of (i) lump sum payments to eligible participants who elected to receive them and (ii) the purchase of annuity contracts for participants who either did not elect lump sums or were already receiving benefits. During 2024, the domestic funded pension plan’s remaining assets of $16.0 million were transferred to a suspense account in the trust for the IAC Inc. Retirement Savings Plan (the “IAC Plan”), a qualified retirement plan (“QRP”). In accordance with Internal Revenue Service (“IRS”) requirements, assets in the suspense account are to be allocated to active Dotdash Meredith participants in the IAC Plan no less than ratably over a period not to exceed seven years, which may be accelerated. During the third quarter of 2024, Dotdash Meredith made its first asset allocation under the IRS requirements, in the amount of $2.3 million, and expects to allocate the remaining funds in 2025. The assets transferred to the QRP are restricted in nature and considered to be a Level 2 investment in the fair value hierarchy. The remaining assets in the QRP are reflected as a retirement investment fund in “Other current assets” in the balance sheet as of December 31, 2024.

In addition, Dotdash Meredith provides health care benefits for certain employees in the U.S. upon their retirement. This plan is the only plan with active participants that are accruing benefits based upon service and the expected cost of which is accrued over the period that the employees render services; this plan is funded as claims are paid.

U.K. Pension Plans

The IPC plan and the unfunded international plan relate to certain Meredith operations that were sold prior to the Company’s 2021 acquisition of Meredith; Meredith retained the pension obligations related to these operations. On July 28, 2022, following approval by the trustees of the IPC Plan, the IPC Plan entered into an annuity contract with a private limited life insurance company covering all IPC Plan participants who were not covered by an annuity contract entered into in May 2020. The annuity contracts are designed to provide payments equal to all future designated contractual benefit payments. The value of the annuity contracts and the liabilities with respect to participants are expected to match. Dotdash Meredith remains responsible for paying pension benefits to the IPC Plan participants. While Dotdash Meredith currently does not expect to be required to make additional contributions to the IPC Plan, this may change based upon future events or as additional information becomes available.

Obligations and Funded Status

Change in Net Assets/Liabilities

The following tables present changes in, and components of, Dotdash Meredith's net assets/liabilities for pension and other post-retirement benefits:


	Year Ended December 31, 2024						Year Ended December 31, 2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Change in benefit obligation
Benefit obligation, beginning of year	$	56,722	$	488,269	$	4,248	$	72,988	$	467,829	$	4,473


Service cost	202		—		1		211		—		4
Interest cost	1,816		19,288		206		3,140		19,610		231


Net actuarial gain	(7,357)		(62,955)		(370)		(49)		(6,420)		(496)
Benefits paid (including lump sums)	(496)		(18,822)		(43)		(19,568)		(17,796)		36
Settlements	(46,856)		—		—		—		—		—

Curtailment gain	(399)		—		—		—		—		—


Foreign currency exchange rate impact	—		(5,154)		—		—		25,046		—
Benefit obligation, end of year	$	3,632	$	420,626	$	4,042	$	56,722	$	488,269	$	4,248
Change in plan assets
Fair value of plan assets, beginning of year	$	62,008	$	488,701	$	—	$	78,199	$	467,891	$	—


Actual return on plan assets	823		(45,117)		—		2,765		13,728		—
Employer contributions	489		172		—		612		163		—

Benefits paid (including lump sums)	(496)		(18,822)		—		(19,568)		(17,796)		—
Settlements	(46,856)		—		—		—		—		—

Transfer to QRP	(15,968)		—		—		—		—		—
Foreign currency exchange rate impact	—		(4,971)		—		—		24,715		—
Fair value of plan assets, end of year	$	—	$	419,963	$	—	$	62,008	$	488,701	$	—
(Under) over funded status, end of year	$	(3,632)	$	(663)	$	(4,042)	$	5,286	$	432	$	(4,248)

Benefits paid directly from Dotdash Meredith assets for the unfunded domestic and international plans and the post-retirement plan are included both in employer contributions and benefits paid.

Domestic Plans

The over funded status as of December 31, 2023 was the result of the decision to freeze and terminate the funded plan, which shifted the investment strategy of the plan until the eventual distribution to the plan participants in 2024 discussed above.

International Plans

The international pension plans primarily consist of the IPC Plan. All IPC Plan participants are covered by the annuity contracts referenced above, which are held with a private limited life insurance company. As described above, the full benefits under the plan have been annuitized, which resulted in the limited change in the (under) over funded status of the international plans during the years ended December 31, 2024 and 2023.

Balance Sheet Classification

The following amounts are recognized in the December 31, 2024 and 2023 balance sheet, respectively:


	December 31,
	2024						2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Other current assets
Prepaid benefit cost	$	—	$	3,275	$	—	$	—	$	4,850	$	—
Other non-current assets
Prepaid benefit cost	—		—		—		10,225		—		—
Accrued expenses and other current liabilities
Accrued benefit liability	(1,619)		(186)		(432)		(1,430)		(4,418)		(433)
Other long-term liabilities
Accrued benefit liability	(2,013)		(3,752)		(3,610)		(3,509)		—		(3,815)
Net amount recognized	$	(3,632)	$	(663)	$	(4,042)	$	5,286	$	432	$	(4,248)

The accumulated benefit obligation for the domestic defined benefit pension plans was $3.6 million and $56.1 million at December 31, 2024 and 2023, respectively. The accumulated benefit obligation for the international defined benefit pension plans was $420.6 million and $488.3 million at December 31, 2024 and 2023, respectively.

Accumulated and Projected Benefit Obligations

The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:


	December 31,
	2024				2023
	Domestic		International		Domestic		International
	(In thousands)
Projected benefit obligation	$	3,632	$	3,938	$	4,939	$	4,419
Accumulated benefit obligation	$	3,632	$	3,938	$	4,290	$	4,419
Fair value of plan assets	$	—	$	—	$	—	$	—

Costs

The components of net periodic benefit (credit) cost recognized in the statement of operations were as follows:


	Year Ended December 31, 2024						Year Ended December 31, 2023						Year Ended December 31, 2022
	Pension				Post-Retirement		Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	202	$	—	$	1	$	211	$	—	$	4	$	3,562	$	—	$	7
Interest cost	1,816		19,288		206		3,140		19,610		231		4,372		15,014		262
Expected return on plan assets	(1,293)		(19,289)		—		(1,881)		(19,586)		—		(2,748)		(16,857)		—

Actuarial (gain) loss recognition	(6,887)		1,272		(370)		(932)		(225)		(496)		8,154		208,957		(3,717)
Settlement	—		—		—		—		—		—		(918)		—		(3,037)

Curtailment gain	(399)		—		—		—		—		—		(3,060)		—		—
Net periodic benefit (credit) cost	$	(6,561)	$	1,271	$	(163)	$	538	$	(201)	$	(261)	$	9,362	$	207,114	$	(6,485)

The domestic pension plans actuarial gain for the year ended December 31, 2024 primarily relates to the final annuity contract pricing and lump sum payments for the funded plan, partially offset by investment performance and plan expenses. The curtailment gain was triggered by the freeze of the unfunded plan discussed above. For the domestic pension and post-retirement plans, the curtailment and settlement gains during the year ended December 31, 2022 were triggered by the freeze and termination events described above, as well as the discontinuation of a life insurance plan.

The international pension plans actuarial loss for the year ended December 31, 2022 is the result of higher interest rates with the decline in the value of plan assets exceeding the benefit of the reduction in the plan obligation.

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

Assumptions

Benefit obligations were determined using the following weighted average assumptions:


	Year Ended December 31, 2024						Year Ended December 31, 2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic

Discount rate	5.27	%	4.99	%	5.55	%	5.19	%	4.06	%	5.11	%
Rate of compensation increase	2.96	%	N/A		3.50	%	2.90	%	N/A		3.50	%
Cash balance interest credit rate	2.39	%	N/A		N/A		2.39	%	N/A		N/A

Net periodic benefit (credit) cost were determined using the following weighted average assumptions:


	Year Ended December 31, 2024						Year Ended December 31, 2023						Year Ended December 31, 2022
	Pension				Post-Retirement		Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic		Domestic		International		Domestic

Discount rate	5.36	%	4.06	%	5.11	%	5.48	%	4.13	%	5.46	%	3.28	%	1.67	%	2.61	%
Expected return on plan assets	5.22	%	4.06	%	N/A		4.48	%	4.12	%	N/A		2.80	%	1.90	%	N/A
Rate of compensation increase	2.90	%	N/A		3.50	%	2.99	%	N/A		3.50	%	2.95	%	N/A		3.50	%
Cash balance interest credit rate	2.39	%	N/A		N/A		2.39	%	N/A		N/A		3.65	%	N/A		N/A

The assumed healthcare trend rates used to measure the expected cost of benefits for the post-retirement plan were as follows:


	December 31,
	2024		2023		2022

Initial level	6.50	%	6.00	%	6.25	%
Ultimate level	5.00	%	5.00	%	5.00	%
Years to ultimate level	6		4		5

Since Dotdash Meredith utilizes the mark-to-market approach to account for pension and post-retirement benefits, the expected long-term rate of return on assets has no effect on the overall amount of net periodic benefit (credit) cost recorded for the year. The expectation for the U.K. annuity contracts represents the implied yields for those contracts.

The market-related value of plan assets is multiplied by the expected long-term rate of return on assets to compute the expected return on plan assets, a component of net periodic benefit (credit) cost. The market-related value of plan assets is fair value.

Plan Assets

Due to the decision to freeze and terminate the domestic funded pension plan in 2022, the plan fiduciaries shifted the investment strategy to seek to preserve capital to protect the strong funded status, manage liquidity to align with potential benefit commencements and optimize yield to take advantage of the rising interest rate environment. The plan initially adopted a fixed income ladder investment strategy through which most of the plan assets were invested in U.S. Treasury securities of various maturities and a money market fund that invests mostly in U.S. Treasury securities. During 2023, principally all of the plan assets were reinvested in the money market fund as the U.S. Treasury securities matured in an effort to increase liquidity. These cash and cash equivalents that represent the investment balance in the U.S. represented Level 1 fair value measurements during 2023 and up until they were fully paid out during 2024. Refer to “Note 2—Summary of Significant Accounting Policies” for a discussion of the three levels in the hierarchy of fair values.

The investments of the IPC Plan as of December 31, 2024 and 2023 primarily include insurance annuity contracts and cash and cash equivalents. Refer to further discussion of the insurance annuity contracts above.

Fair value measurements for the international pension plan assets were as follows:


	December 31, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Cash and cash equivalents	$	6,384	$	—	$	—	$	6,384



Fixed income	—		—		332		332

Insurance annuity contracts	—		—		413,247		413,247
Total assets at fair value	$	6,384	$	—	$	413,579	$	419,963


	December 31, 2023
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Cash and cash equivalents	$	8,199	$	—	$	—	$	8,199


Fixed income	—		—		399		399

Insurance annuity contracts	—		—		480,103		480,103
Total assets at fair value	$	8,199	$	—	$	480,502	$	488,701

The annuity contracts held by the IPC Plan are valued using significant unobservable inputs.

The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Year Ended December 31,
	2024		2023
	(In thousands)
Balance at January 1	$	480,502	$	460,278


Settlements	(18,899)		(17,378)
Change in fair value	(44,238)		12,915
Foreign currency translation	(3,786)		24,253
Other	—		434
Balance at December 31	$	413,579	$	480,502

There were no transfers in or out of Level 3 investments for the years ended December 31, 2024 and 2023.

Cash Flows

While Dotdash Meredith currently does not expect to be required to make any additional contributions to the IPC Plan, Dotdash Meredith has deposited amounts into an escrow account for the benefit of the IPC Plan that total £5.7 million at December 31, 2024.

The following benefit payments, which will primarily be made from funded plans internationally, are expected to be paid:


	Pension Benefits				Post-Retirement Benefits
	Domestic		International		Domestic
Year Ending December 31,	(In thousands)
2025	$	1,662	$	16,067	$	444
2026	303		16,886		415
2027	269		17,798		395
2028	439		18,669		378
2029	238		19,568		365
2030-2034	922		112,082		1,544
Net amount recognized, end of year	$	3,833	$	201,070	$	3,541

Defined Contribution Plans

IAC Inc. Retirement Savings Plan

IAC employees in the U.S. can elect to participate in a retirement savings program, the IAC Plan, that qualifies under Section 401(k) of the Internal Revenue Code. Under the IAC Plan, participating employees may contribute up to 50% of their eligible compensation, but not more than statutory limits. The Company matches 100% of the first 10% of an employee's pre-tax or Roth contribution, subject to IRS limits on the Company's matching contribution maximum, that a participant contributes to the IAC Plan, with certain exceptions at Dotdash Meredith and Angi. Dotdash Meredith matches 100% of the first 5% of pre-tax or Roth contributions for employees who were previously under the Meredith Savings and Investment Plan (the “Meredith Plan”), described below, and any U.S. Dotdash Meredith employees hired after January 1, 2023. Angi matches fifty cents for each dollar a participant contributes in the IAC Plan, with a maximum contribution of 3% of a participant's eligible compensation. The IAC Plan generally limits Company matching contributions to a maximum of $10,000 per participant on an annual basis. Matching contributions to the IAC Plan for the years ended December 31, 2024, 2023 and 2022 were $36.6 million, $36.1 million and $25.6 million, respectively. Matching contributions are invested in the same manner as each participant's voluntary contributions in the investment options provided under the IAC Plan. An investment option in the IAC Plan is IAC common stock, but neither participant nor matching contributions are required to be invested in IAC common stock. The increase in matching contributions in 2023 is the result of the Meredith Plan merger with additional employees covered by the IAC Plan. The IAC Plan also provides for a discretionary matching contribution and/or a discretionary profit-sharing contribution, each of which is made on an annual basis and is subject to a last day of the plan year allocation requirement (with exceptions for retirement, death, or disability). There was no such discretionary matching contribution or discretionary profit-sharing contribution for the years ended December 31, 2024, 2023 and 2022.

IAC also has or participates in various benefit plans, principally defined contribution plans, for its international employees. IAC's contributions to these plans for the years ended December 31, 2024, 2023 and 2022 were $1.5 million, $1.4 million and $1.1 million, respectively.

Meredith Savings and Investment Plan

In connection with the 2021 acquisition of Meredith, the Company assumed the Meredith Plan, its U.S. defined contribution savings plan, which allowed eligible employees to contribute a percentage of their salary, commissions and bonuses in accordance with plan limitations and provisions of Section 401(k) of the Internal Revenue Code. Dotdash Meredith made matching contributions to the Meredith plan subject to the plan limits. Effective January 1, 2023, Dotdash Meredith, as permitted by the relevant IAC Plan documents, merged the Meredith Plan into the IAC Plan.

Under the Meredith Plan, prior to the merge of plans effective January 1, 2023, Dotdash Meredith matched 100% of the first 4% and 50% of the next 1% of employee contributions for employees eligible for Dotdash Meredith’s pension benefits and 100% of the first 5% for employees ineligible for the Company’s pension benefits. Matching contributions to the Meredith Plan for the year ended December 31, 2022 was $10.4 million.

- 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

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net (loss) earnings	$ (533,330)	$ 258,317	$ (1,192,455)
Other comprehensive (loss) income, net of income taxes:
Change in foreign currency translation adjustment	(2,860)	3,428	(18,829)
Change in net unrealized gains and losses on interest rate swaps	2,003	(696)	0
Change in unrealized gains and losses on available-for-sale marketable debt securities	(20)	(33)	53
Total other comprehensive (loss) income, net of income taxes	(877)	2,699	(18,776)
Comprehensive (loss) income, net of income taxes	(534,207)	261,016	(1,211,231)
Components of comprehensive (income) loss attributable to noncontrolling interests:
Net (earnings) loss attributable to noncontrolling interests	(6,567)	7,625	22,285
Change in foreign currency translation adjustment attributable to noncontrolling interests	412	(513)	1,235
Comprehensive (income) loss attributable to noncontrolling interests	(6,155)	7,112	23,520
Comprehensive (loss) income attributable to IAC shareholders	$ (540,362)	$ 268,128	$ (1,187,711)

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 1,980,000
Less: current portion of Dotdash Meredith long-term debt	35,000	$ 30,000
Less: original issue discount	3,512
Less: unamortized debt issuance costs	9,641
Long-term debt, net	1,931,847	1,993,154
Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	1,480,000	1,540,000
Less: current portion of Dotdash Meredith long-term debt	35,000	30,000
Less: original issue discount	3,512	4,470
Less: unamortized debt issuance costs	6,481	8,423
Long-term debt, net	1,435,007	1,497,107
Angi
Debt Instrument [Line Items]
Less: unamortized debt issuance costs	3,160	3,953
Long-term debt, net	496,840	$ 496,047
Term Loan \| Dotdash Meredith Term Loan A Facility
Debt Instrument [Line Items]
Long-term debt	$ 297,500
Interest rate on debt instrument (as a percent)	6.94%	7.69%
Term Loan \| Dotdash Meredith Term Loan A Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 297,500	$ 315,000
Term Loan \| Dotdash Meredith Term Loan B-1 Facility
Debt Instrument [Line Items]
Long-term debt	$ 1,180,000
Interest rate on debt instrument (as a percent)	8.05%
Term Loan \| Dotdash Meredith Term Loan B-1 Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 1,182,500	$ 0
Term Loan \| Dotdash Meredith Term Loan B Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)		9.44%
Term Loan \| Dotdash Meredith Term Loan B Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	0	$ 1,225,000
Senior Notes \| ANGI 3.875% Senior Notes \| Angi
Debt Instrument [Line Items]
Long-term debt	$ 500,000	$ 500,000
Interest rate on debt instrument (as a percent)	3.875%

FINANCIAL STATEMENT DETAILS - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 51,802	$ 91,118
Other	115,373	166,381
Other current assets	$ 167,175	$ 257,499

CONTINGENCIES	12 Months Ended
CONTINGENCIES	Dec. 31, 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 12—Income Taxes” for information related to unrecognized tax benefits.

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue	$ 3,807,233	$ 4,365,235	$ 5,235,280
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	1,059,990	1,343,254	1,933,705
Selling and marketing expense	1,338,732	1,576,229	1,914,878
General and administrative expense	817,658	891,958	991,983
Product development expense	323,687	334,491	318,028
Depreciation	126,890	175,096	130,986
Amortization of intangibles	144,506	295,970	307,718
Goodwill impairment	0	9,000	112,753
Total operating costs and expenses	3,811,463	4,625,998	5,710,051
Operating loss	(4,230)	(260,763)	(474,771)
Interest expense	(155,888)	(157,632)	(110,165)
Unrealized (loss) gain on investment in MGM Resorts International	(649,178)	721,668	(723,515)
Other income (expense), net	116,897	63,862	(217,785)
(Loss) earnings from continuing operations before income taxes	(692,399)	367,135	(1,526,236)
Income tax benefit (provision)	159,069	(108,818)	331,087
Net (loss) earnings from continuing operations	(533,330)	258,317	(1,195,149)
Earnings from discontinued operations, net of taxes	0	0	2,694
Net (loss) earnings	(533,330)	258,317	(1,192,455)
Net (earnings) loss attributable to noncontrolling interests	(6,567)	7,625	22,285
Net (loss) earnings attributable to IAC shareholders	$ (539,897)	$ 265,942	$ (1,170,170)
Per share information from continuing operations:
Basic (loss) earnings per share (USD per share)	$ (6.49)	$ 3.07	$ (13.58)
Diluted (loss) earnings per share (USD per share)	(6.49)	2.97	(13.58)
Per share information attributable to IAC common stock and Class B common stock shareholders:
Basic (loss) earning per share (USD per share)	(6.49)	3.07	(13.55)
Diluted (loss) earning per share (USD per share)	$ (6.49)	$ 2.97	$ (13.55)
Stock-based compensation expense by function:
Stock-based compensation expense	$ 112,523	$ 117,181	$ 123,476
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	2,219	1,613	47
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	7,241	8,808	8,293
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	93,524	93,506	99,993
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 9,539	$ 13,254	$ 15,143

RELATED PARTY TRANSACTIONS - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($) plane	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2024
Related Party Transaction [Line Items]
Other non-current assets			$ 388,945	$ 473,267
Mr. Diller \| IAC and Vimeo
Related Party Transaction [Line Items]
Voting interests			0.10
Angi
Related Party Transaction [Line Items]
Services agreement renewal term			1 year
Expedia
Related Party Transaction [Line Items]
Lessor, Operating Lease, Term of Contract						5 years
CEO Compensation and Certain Expenses
Related Party Transaction [Line Items]
Related party transaction amount	$ 2,100		$ 2,400	9,400
Lease Agreement \| Vimeo
Related Party Transaction [Line Items]
Lease expense			3,500	3,500	$ 4,600
Other non-current assets			$ 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%
Number of aircraft operated \| plane			2
Proportion of total sales price proceeds received in related party transaction (as a percent)		50.00%
Proportion of ownership interest held each by entity and by related party in another entity employing flight crew (as a percent)			50.00%
Percentage of ownership interest in aircraft by subsidiary			100.00%
Corporate Aircraft Purchase Agreement \| Expedia \| IAC and Expedia
Related Party Transaction [Line Items]
Proceeds from transaction with related party		$ 19,000

SHAREHOLDERS' EQUITY	12 Months Ended
SHAREHOLDERS' EQUITY	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS' EQUITY Description of Common Stock and Class B Convertible Common Stock Except as described herein, shares of IAC common stock and IAC Class B common stock are identical. The holders of shares of IAC common stock and IAC Class B common stock vote together as a single class with respect to matters that may be submitted to a vote or for the consent of IAC's shareholders generally, including the election of directors. In connection with any such vote, each holder of IAC common stock is entitled to one vote for each share of IAC common stock held and each holder of IAC Class B common stock is entitled to ten votes for each share of IAC Class B common stock held. Notwithstanding the foregoing, the holders of shares of IAC common stock, acting as a single class, are entitled to elect 25% of the total number of IAC's directors, and, in the event that 25% of the total number of directors shall result in a fraction of a director, then the holders of shares of IAC common stock, acting as a single class, are entitled to elect the next higher whole number of IAC's directors. In addition, Delaware law requires that certain matters be approved by the holders of shares of IAC common stock or holders of IAC Class B common stock voting as a separate class. Shares of IAC Class B common stock are convertible into shares of IAC common stock at the option of the holder thereof, at any time, on a share-for-share basis. Such conversion ratio will in all events be equitably preserved in the event of any recapitalization of IAC by means of a stock dividend on, or a stock split or combination of, outstanding shares of IAC common stock or IAC Class B common stock, or in the event of any merger, consolidation or other reorganization of IAC with another corporation. Upon the conversion of shares of IAC Class B common stock into shares of IAC common stock, those shares of IAC Class B common stock will be retired and will not be subject to reissue. Shares of IAC common stock are not convertible into shares of IAC Class B common stock. The holders of shares of IAC common stock and the holders of shares of IAC Class B common stock are entitled to receive, share for share, such dividends as may be declared by IAC's Board of Directors out of funds legally available therefor. In the event of a liquidation, dissolution, distribution of assets or winding-up of IAC, the holders of shares of IAC common stock and the holders of shares of IAC Class B common stock are entitled to receive, share for share, all the assets of IAC available for distribution to its stockholders, after the rights of the holders of any IAC preferred stock have been satisfied. Common Stock Repurchases On June 30, 2020, the Board of Directors of the Company authorized repurchases up to 8.0 million shares of common stock. The Company did not repurchase any of its common stock during the year ended December 31, 2024. During the years ended December 31, 2023 and 2022, IAC repurchased 3.2 million and 1.1 million shares of its common stock, on a trade date basis, at an average price of $51.00 and $77.44 per share, or $165.6 million and $85.3 million in aggregate, respectively. At December 31, 2024, the Company has 3.7 million shares remaining in its share repurchase authorization.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

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

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Advertising Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Advertising expense	$ 650.5	$ 858.1	$ 1,000.0

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Current Available-for-Sale Marketable Securities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Schedule of Available-for-sale Marketable Securities
Amortized Cost	$ 148,971
Gross Unrealized Gains	27
Fair Value	148,998
Treasury bills
Schedule of Available-for-sale Marketable Securities
Amortized Cost	148,971
Gross Unrealized Gains	27
Fair Value	$ 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

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes

U.S. and foreign (loss) earnings before income taxes and noncontrolling interests are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
U.S.	$	(719,791)	$	353,188	$	(1,320,332)
Foreign	27,392		13,947		(205,904)
Total	$	(692,399)	$	367,135	$	(1,526,236)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax provision (benefit) are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Current income tax provision:
Federal	$	1,888	$	1,474	$	777
State	7,498		8,998		4,712
Foreign	12,582		9,554		1,182
Current income tax provision	21,968		20,026		6,671

Deferred income tax (benefit) provision:
Federal	(128,443)		79,941		(252,022)
State	(21,255)		9,153		(44,335)
Foreign	(31,339)		(302)		(41,401)
Deferred income tax (benefit) provision	(181,037)		88,792		(337,758)
Income tax (benefit) provision	$	(159,069)	$	108,818	$	(331,087)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the income tax provision (benefit) to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Income tax (benefit) provision at the federal statutory rate of 21%	$	(145,404)	$	77,098	$	(320,510)
State income taxes, net of effect of federal tax benefit	(14,341)		12,542		(26,708)
Change in judgement on beginning of the year valuation allowance	(34,769)		(240)		3,523
Non-deductible portion of goodwill in the sale of Mosaic	23,839		—		—
Non-deductible executive compensation	10,941		10,383		12,359
Research credit	(10,897)		(11,973)		(19,041)
Change in valuation allowance on capital losses	(8,720)		774		10,010

Non-deductible goodwill impairment	—		1,659		15,764


Deferred tax adjustment for enacted changes in tax laws and rates	389		407		(7,152)



Other, net	19,893		18,168		668
Income tax (benefit) provision	$	(159,069)	$	108,818	$	(331,087)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of cumulative temporary differences that give rise to significant deferred tax assets and deferred tax liabilities are presented below. The valuation allowance relates to deferred tax assets for which it is more likely than not that the tax benefit will not be realized.


	December 31,
	2024		2023
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	375,385	$	435,318
Capitalized research & development expenditures	120,456		91,550
Long-term lease liabilities	97,932		112,178
Tax credit carryforwards	74,512		72,369
Accrued expenses	56,800		53,551
Other	85,761		101,356
Total deferred tax assets	810,846		866,322
Less: valuation allowance	(94,429)		(132,058)
Total deferred tax assets, net of valuation allowance	716,417		734,264

Deferred tax liabilities:
Investment in MGM Resorts International	(230,499)		(383,170)
Investment in subsidiaries	(223,780)		(226,898)
Intangible assets, net of accumulated amortization	(157,666)		(174,933)
Right-of-use assets	(61,673)		(71,531)

Other	(26,736)		(40,668)
Total deferred tax liabilities	(700,354)		(897,200)
Net deferred tax assets (liabilities)	$	16,063	$	(162,936)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits, including penalties but excluding interest, is as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Balance at January 1	$	19,002	$	16,013	$	17,449
Additions for tax positions related to the current year	4,312		5,187		5,557
Settlements	—		(2,505)		(7,100)
Additions for tax positions of prior years	—		1,008		1,715
Reductions for tax positions of prior years	(252)		(701)		(1,608)
Expiration of statutes	(33)		—		—
Balance at December 31	$	23,029	$	19,002	$	16,013

STOCK-BASED COMPENSATION - Stock Options Outstanding and Exercisable (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Options Outstanding
Options outstanding (shares) \| shares	2,449
Weighted- Average Remaining Contractual Life in Years	10 months 24 days
Weighted-average exercise price (USD per share)	$ 14.25
Options Exercisable
Options exercisable (shares) \| shares	2,449
Weighted- Average Remaining Contractual Life in Years	10 months 24 days
Weighted-average exercise price (USD per share)	$ 14.25
Less than $10.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Exercise price range, upper limit (USD per share)	$ 10.00
Options Outstanding
Options outstanding (shares) \| shares	426
Weighted- Average Remaining Contractual Life in Years	1 year 2 months 12 days
Weighted-average exercise price (USD per share)	$ 8.61
Options Exercisable
Options exercisable (shares) \| shares	426
Weighted- Average Remaining Contractual Life in Years	1 year 2 months 12 days
Weighted-average exercise price (USD per share)	$ 8.61
$10.01 to $15.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Exercise price range, lower limit (USD per share)	10.01
Exercise price range, upper limit (USD per share)	$ 15.00
Options Outstanding
Options outstanding (shares) \| shares	552
Weighted- Average Remaining Contractual Life in Years	3 months 18 days
Weighted-average exercise price (USD per share)	$ 13.71
Options Exercisable
Options exercisable (shares) \| shares	552
Weighted- Average Remaining Contractual Life in Years	3 months 18 days
Weighted-average exercise price (USD per share)	$ 13.71
$15.01 to $20.00
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range
Exercise price range, lower limit (USD per share)	15.01
Exercise price range, upper limit (USD per share)	$ 20.00
Options Outstanding
Options outstanding (shares) \| shares	1,471
Weighted- Average Remaining Contractual Life in Years	1 year
Weighted-average exercise price (USD per share)	$ 16.09
Options Exercisable
Options exercisable (shares) \| shares	1,471
Weighted- Average Remaining Contractual Life in Years	1 year
Weighted-average exercise price (USD per share)	$ 16.09

STOCK-BASED COMPENSATION - Narrative (Details) $ / shares in Units, $ in Thousands				3 Months Ended	4 Months Ended	12 Months Ended
	Feb. 07, 2025 USD ($) shares	Jan. 13, 2025 USD ($) shares	Nov. 05, 2020 shares	Mar. 31, 2025 USD ($)	May 31, 2025 USD ($)	Dec. 31, 2024 USD ($) plan $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award
Number of active stock-based compensation plans \| plan						1
Shares available for grant (in shares) \| shares						29,900,000
Stock-based compensation expense						$ 112,523	$ 117,181	$ 123,476
Intrinsic value of stock options exercised						5,100	11,300	3,400
Options outstanding, aggregate intrinsic value						70,756
Proceeds from the exercise of IAC stock options						0	130	0
Unrecognized compensation cost, net of estimated forfeitures						$ 206,800
Weighted-average period over which cost is expected to be recognized (in years)						3 years 7 months 6 days
Tax benefit recognized related to stock-based compensation						$ 13,600	17,200	20,000
Tax benefit recognized related to the exercise of stock options						2,000	4,000	1,700
Angi Inc.
Share-based Compensation Arrangement by Share-based Payment Award
Taxes withholding obligations paid						7,578	$ 5,994	$ 8,827
Unrecognized compensation cost, net of estimated forfeitures						$ 36,500
Angi Inc. \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Withholding rate (as a percent)	50.00%
Cash withholding obligation equivalent (in shares) \| shares	12,500,000
Cash required to settle vested and unvested interests at fair value	$ 19,200
Aggregate intrinsic value of equity awards	$ 41,300
Chief Executive Officer \| Subsequent Event \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award
Stock based compensation expense					$ 14,500
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Equity instruments other than options, outstanding (in shares) \| shares						1,708,000	1,822,000
Weighted average grant date fair value of restricted common stock granted (USD per share) \| $ / shares						$ 51.29	$ 53.41	$ 114.27
Fair value of RSUs that vested during the period						$ 26,800	$ 8,300	$ 12,700
Restricted Stock Units (RSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)						4 years
Restricted Stock Units (RSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Vesting period (in years)						5 years
Restricted Stock Units (RSUs) \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares required to settle vested and unvested interests at fair value (in shares) \| shares	900,000
Cash withholding obligation	$ 34,000
Withholding rate (as a percent)	50.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Equity instruments other than options, outstanding (in shares) \| shares						0	0
Market-Based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award
Equity instruments other than options, outstanding (in shares) \| shares						0	0
Stock Options \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares required to settle vested and unvested interests at fair value (in shares) \| shares	2,400,000
Cash withholding obligation	$ 33,400
Withholding rate (as a percent)	50.00%
Options outstanding, aggregate intrinsic value	$ 66,700
Cash withholding obligation equivalent (in shares) \| shares	800,000
Proceeds from the exercise of IAC stock options	$ 34,800
Stock Appreciation Rights (SARs) \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Number of shares required to settle vested and unvested interests at fair value (in shares) \| shares	600,000
Withholding rate (as a percent)	50.00%
Cash required to settle vested and unvested interests at fair value	$ 25,800
Subsidiary Denominated Equity Awards \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Cash withholding obligation equivalent (in shares) \| shares	100,000
Subsidiary Denominated Equity Awards \| Angi Inc. \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Cash withholding obligation equivalent (in shares) \| shares	1,600,000
Cash required to settle vested and unvested interests at fair value	$ 2,800
Aggregate intrinsic value	5,600
Aggregate intrinsic value, vested	4,400
Aggregate intrinsic value, nonvested	$ 1,200
Old IAC Plan
Share-based Compensation Arrangement by Share-based Payment Award
Stated term (in years)						10 years
RSA Agreement
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized compensation cost, net of estimated forfeitures						$ 81,000
RSA Agreement \| Chief Executive Officer \| Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award
Shares transferred (in shares) \| shares		5,000,000
Taxes withholding obligations paid		$ 9,300
RSA Agreement \| Restricted Stock Awards \| Subsequent Event \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award
Stock based compensation expense				$ (60,000)
Stock-based compensation expense				100
RSA Agreement \| Restricted Stock Awards \| Angi Inc. \| Subsequent Event \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award
Stock based compensation expense				(10,200)
RSA Agreement \| Restricted Stock Awards \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award
Term of employment agreement and restricted stock agreement (in years)			10 years
Shares authorized for issuance (in shares) \| shares			3,000,000.0
RSA Agreement \| Restricted Stock Awards \| Chief Executive Officer \| Subsequent Event \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense				$ 14,900
Excluding RSA Agreement \| Equity Awards Excluding Restricted Stock Awards Agreement
Share-based Compensation Arrangement by Share-based Payment Award
Unrecognized compensation cost, net of estimated forfeitures						$ 125,800
Weighted-average period over which cost is expected to be recognized (in years)						2 years 1 month 6 days

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Long-term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Equity securities without readily determinable fair values	$ 438,534	$ 404,848
Other	0	6,368
Total long-term investments	$ 438,534	$ 411,216

(LOSS) EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings 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:


	Year Ended December 31,
	2024		2023		2022
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net (loss) earnings from continuing operations	$	(533,330)	$	258,317	$	(1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)		7,625		22,285
Net earnings attributed to unvested participating security	—		(9,216)		—
Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)		256,726		(1,172,864)

Earnings from discontinued operations, net of taxes	—		—		2,694
Net earnings attributable to noncontrolling interests of discontinued operations	—		—		—
Net earnings attributed to unvested participating security	—		—		—
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	—		—		2,694

Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(539,897)	$	256,726	$	(1,170,170)

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,130		83,569		86,350

(Loss) Earnings per share:
(Loss) earnings per share from continuing operations attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	3.07	$	(13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders	—		—		0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	3.07	$	(13.55)


	Year Ended December 31,
	2024		2023		2022
	(In thousands, except per share data)
Diluted EPS:
Numerator:
Net (loss) earnings from continuing operations	$	(533,330)	$	258,317	$	(1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)		7,625		22,285
Net earnings attributed to unvested participating security	—		(8,918)		—

Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)		257,024		(1,172,864)

Earnings from discontinued operations, net of taxes	—		—		2,694
Net earnings attributable to noncontrolling interests of discontinued operations	—		—		—
Net earnings attributed to unvested participating security	—		—		—
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	—		—		2,694

Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(539,897)	$	257,024	$	(1,170,170)


Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,130		83,569		86,350
Dilutive securities(b)(c)(d)	—		2,895		—
Denominator for earnings per share—weighted average shares(b)(c)(d)	83,130		86,464		86,350

(Loss) earnings per share:
(Loss) earnings per share from continuing operations attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	2.97	$	(13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders	—		—		0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	2.97	$	(13.55)

_____________________

(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. On January 13, 2025, the restricted stock award was forfeited by Mr. Levin pursuant to the Agreement between Mr. Levin and the Company. See “Note 10—Stock-Based Compensation” for additional information. For all periods presented in these financial statements, the Company calculated EPS using the two-class method since those restricted shares were unvested and had a non-forfeitable dividend right in the event the Company declared a cash dividend on its common shares and would have participated in all other distributions of the Company in the same manner as all other IAC common shares. 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 stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi's dilutive securities in IAC common shares. For the years ended December 31, 2024, 2023 and 2022 these Angi equity awards were anti-dilutive.

(c) For the years ended December 31, 2024 and 2022, the Company had losses from continuing operations and, as a result, approximately 8.5 million and 7.9 million potentially dilutive securities, respectively, were excluded from computing diluted EPS for each of these 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 years ended December 31, 2024 and 2022.

(d) 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, restricted stock units (“RSUs”) and market-based awards (“MSUs”). For the year ended December 31, 2023, 3.6 million of potentially dilutive securities were excluded from the calculation of diluted EPS because their inclusion would have been anti-dilutive.

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2024	Feb. 07, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3,558,323,640
Documents Incorporated by Reference	Portions of the registrant's proxy statement for its 2025 Annual Meeting of Stockholders are incorporated by reference into Part III herein.
Entity Central Index Key	0001800227
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		77,493,837
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,789,499

FINANCIAL STATEMENT DETAILS

12 Months Ended

Dec. 31, 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:


	December 31, 2024		December 31, 2023		December 31, 2022		December 31, 2021
	(In thousands)
Cash and cash equivalents	$	1,798,170	$	1,297,445	$	1,417,390	$	2,118,730
Restricted cash included in other current assets	8,974		8,539		1,165		1,941
Restricted cash included in other non-current assets	111		257		7,514		1,193

Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$	1,807,255	$	1,306,241	$	1,426,069	$	2,121,864

Restricted cash included in “Other current assets” in the balance sheet at December 31, 2024 and December 31, 2023 primarily consist of cash held in escrow related to the funded pension plan in the U.K. and cash held related to insurance programs at Care.com.

Restricted cash included in “Other current assets” in the balance sheet at December 31, 2022 primarily consists of 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.

Restricted cash included in “Other current assets” in the balance sheet at December 31, 2021 primarily consists of cash held in escrow related to the funded pension plan in the U.K. Restricted cash included in “Other non-current assets” in the balance sheet at December 31, 2021 consists of deposits related to leases and a check endorsement guarantee at Roofing within Emerging & Other.

Credit Losses

The following table presents the changes in the allowance for credit losses:


	Year Ended December 31,
	2024		2023
	(In thousands)
Balance at January 1	$	32,379	$	50,971
Current period provision for credit losses	61,949		87,729
Write-offs charged against the allowance	(73,825)		(104,764)

Recoveries collected	5,384		5,227
Sale of a business	—		(6,958)
Other	2,026		174
Balance at December 31	$	27,913	$	32,379

Other current assets


	December 31,
	2024		2023
	(In thousands)

Prepaid expenses	$	51,802	$	91,118
Other	115,373		166,381
Other current assets	$	167,175	$	257,499

Buildings, land, capitalized software, equipment and leasehold improvements, net


	December 31,
	2024		2023
	(In thousands)
Capitalized software	$	291,165	$	299,763
Buildings	165,700		160,567
Equipment (including furniture)	136,881		160,991
Leasehold improvements	92,324		108,273
Land	86,045		86,032
Projects in progress	40,187		13,911
Total gross carrying amount	812,302		829,537
Accumulated depreciation and amortization	(419,541)		(374,256)
Buildings, land, capitalized software, equipment and leasehold improvements, net	$	392,761	$	455,281

Accrued expenses and other current liabilities


	December 31,
	2024		2023
	(In thousands)
Accrued employee compensation and benefits	$	199,398	$	180,384
Customer deposit liability	118,464		118,522
Accrued advertising expense	62,705		56,055
Other	300,066		316,566
Accrued expenses and other current liabilities	$	680,633	$	671,527

Other income (expense), net


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Interest income	$	86,495	$	71,114	$	24,916
Unrealized increase (decrease) in the estimated fair value of a warrant	20,393		2,832		(62,495)
Net realized gain (loss) on sales of businesses and investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values(a)(b)(c)	10,373		(19,201)		59,299
Net periodic pension benefit credit (costs), other than the service cost component(d)	5,656		139		(206,422)
Unrealized gain (loss) related to marketable equity securities	121		(145)		(20,342)
Dotdash Meredith Credit Agreement amendment fees(e)	(3,453)		—		—
Foreign exchange (losses) gains, net	(2,588)		1,528		(8,503)



Other	(100)		7,595		(4,238)
Other income (expense), net	$	116,897	$	63,862	$	(217,785)

_____________________

(e) Relates to third-party fees in connection with the Amended Dotdash Meredith Credit Agreement entered into on November 26, 2024. See “Note 6—Long-term debt” for additional information.

Supplemental Disclosure of Cash Flow Information:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Cash (paid) received during the year for:
Interest, net(f)	$	(150,610)	$	(156,172)	$	(98,150)
Income tax payments	$	(30,635)	$	(18,782)	$	(16,407)
Income tax refunds	$	5,887	$	1,667	$	3,004

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

12 Months Ended

Dec. 31, 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.


	Year Ended December 31, 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	(3,875)		6,785		(20)		2,890
Amounts reclassified to earnings	1,427		(4,782)		—		(3,355)
Net current period other comprehensive (loss) income	(2,448)		2,003		(20)		(465)
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	11		—		—		11
Balance at December 31	$	(12,703)	$	1,307	$	—	$	(11,396)


	Year Ended December 31, 2023
	Foreign Currency Translation Adjustment		Unrealized Losses 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	2,915		2,958		(33)		5,840
Amounts reclassified to earnings	—		(3,654)		—		(3,654)
Net current period other comprehensive income (loss)	2,915		(696)		(33)		2,186
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	5		—		—		5
Balance at December 31	$	(10,266)	$	(696)	$	20	$	(10,942)


	Year Ended December 31, 2022
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at January 1	$	4,397	$	—	$	4,397
Other comprehensive (loss) income before reclassifications	(17,636)		53		(17,583)
Amounts reclassified to earnings	42		—		42
Net current period other comprehensive (loss) income	(17,594)		53		(17,541)
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	11		—		11
Balance at December 31	$	(13,186)	$	53	$	(13,133)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Interest Rate Swaps (Details) $ in Millions	Mar. 31, 2023 USD ($)
Dotdash Meredith Term Loan B-1 Facility \| Interest rate swaps \| Dotdash Meredith
Derivative [Line Items]
Notional amount	$ 350

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 15, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Amortization of capitalized contract costs		$ 62,400	$ 97,400	$ 95,500
Revenue		$ 3,807,233	4,365,235	5,235,280
Period of payment due from customers for accounts receivable		30 days
Current deferred revenue		$ 98,568	143,449	157,100
Non-current deferred revenue		100	100	200
Deferred revenue recognized during period		$ 112,700	$ 152,700
Change In Accounting Principle, Recording Revenue On Net Basis
Capitalized Contract Cost [Line Items]
Revenue				$ (242,600)
Angi
Capitalized Contract Cost [Line Items]
Period of membership subscription		1 year
Discontinued Operations, Disposed of by Sale \| Mosaic Group
Capitalized Contract Cost [Line Items]
Deferred revenue related to business sold	$ 24,500
Discontinued Operations, Disposed of by Sale \| Mosaic Group \| App Store Fees
Capitalized Contract Cost [Line Items]
Capitalized contract cost amortization	$ 7,000

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

Schedule II

IAC INC. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS


Description	Balance at Beginning of Period		Charges to Earnings			Charges to Other Accounts			Deductions			Balance at End of Period
	(In thousands)
2024
Allowance for credit losses	$	32,379	$	61,949	(a)	$	2,026		$	(68,441)	(b)	$	27,913

Deferred tax valuation allowance	$	132,058	$	(36,199)	(c)	$	(1,430)	(d)	$	—		$	94,429
Other reserves	$	1,391										$	1,344
2023
Allowance for credit losses	$	50,971	$	87,729	(a)	$	174		$	(106,495)	(b)	$	32,379

Deferred tax valuation allowance	$	124,012	$	4,373	(e)	$	3,673	(d)	$	—		$	132,058
Other reserves	$	1,880										$	1,391
2022
Allowance for credit losses	$	36,637	$	116,553	(a)	$	109		$	(102,328)	(b)	$	50,971
Deferred tax valuation allowance	$	112,640	$	(4,497)	(f)	$	15,869	(g)	$	—		$	124,012
Other reserves	$	2,530										$	1,880

_________________________________________________________

(a) Additions to the allowance for credit losses are charged to expense.

(b) Amount is primarily write-offs of fully reserved accounts receivable, net of recoveries.

(c) Amount is primarily due to a change in judgement on the realizability of foreign net operating losses ("NOLs") following the purchase of the remaining noncontrolling interest of a foreign subsidiary and the realization of previously unbenefited capital losses, partially offset by state NOLs.

(d) Amount primarily relates to currency translation adjustments on foreign NOLs.

(e) Amount primarily relates to a net increase in unbenefited capital losses and foreign NOLs, partially offset by expiring foreign tax credits.

(f) Amount primarily relates to a decrease in federal NOLs, partially offset by a net increase in unbenefited capital losses.

(g) Amount primarily relates to a change in judgement on the realizability of foreign NOLs related to Meredith, acquired by Dotdash on December 1, 2021, partially offset by currency translation adjustments on foreign NOLs.

PENSION AND POST-RETIREMENT BENEFIT PLANS - Pension Plans with Projected Benefit Obligations and Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
United States
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 3,632	$ 4,939
Accumulated benefit obligation	3,632	4,290
Fair value of plan assets	0	0
International
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	3,938	4,419
Accumulated benefit obligation	3,938	4,419
Fair value of plan assets	$ 0	$ 0

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue and Long-lived Assets by Geography
Revenue	$ 3,807,233	$ 4,365,235	$ 5,235,280
Long-lived assets (excluding goodwill and intangible assets)	647,938	754,878
United States
Revenue and Long-lived Assets by Geography
Revenue	3,374,726	3,798,229	4,720,504
Long-lived assets (excluding goodwill and intangible assets)	639,898	743,914
All other countries
Revenue and Long-lived Assets by Geography
Revenue	432,507	567,006	$ 514,776
Long-lived assets (excluding goodwill and intangible assets)	$ 8,040	$ 10,964

- 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

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Marketable Securities

At December 31, 2023, the fair value of marketable securities are as follows:


	December 31, 2023
	(In thousands)

Available for sale marketable debt securities	$	148,998
Total marketable securities	$	148,998

Schedule of Current Available-for-sale Marketable Securities

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


	December 31, 2023
		Amortized Cost		Gross Unrealized Gains		Fair Value
		(In thousands)
Treasury bills		$	148,971	$	27	$	148,998
Total available-for-sale marketable debt securities		$	148,971	$	27	$	148,998

Schedule of Investment in MGM Resorts International

Investment in MGM Resorts International


	December 31,
	2024		2023
	(In thousands)
Investment in MGM	$	2,242,672	$	2,891,850

Schedule of Long-term Investments

Long-term investments consist of:


	December 31,
	2024		2023
	(In thousands)
Equity securities without readily determinable fair values	$	438,534	$	404,848
Other	—		6,368
Total long-term investments	$	438,534	$	411,216

Schedule of Realized and Unrealized Gains and Losses


	Year Ended December 31,
	2024		2023
	(In thousands)
Upward adjustments (gross unrealized pre-tax gains)	$	1,901	$	2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	(34,218)		(22,463)
Total	$	(32,317)	$	(20,236)

Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the years ended December 31, 2024, 2023 and 2022 are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Realized pre-tax gains, net, for equity securities sold	$	8,943	$	89	$	12,434
Unrealized pre-tax losses, net, on equity securities held	(32,317)		(20,236)		(89,137)
Total pre-tax losses, net recognized	$	(23,374)	$	(20,147)	$	(76,703)

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:


	December 31, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Assets:
Cash equivalents:
Money market funds	$	1,476,919	$	—	$	—	$	1,476,919

Time deposits	—		18,098		—		18,098



Other current assets:
Retirement investment fund(a)	—		13,763		—		13,763
Investment in MGM	2,242,672		—		—		2,242,672
Other non-current assets:


Interest rate swaps(b)	—		1,715		—		1,715
Total	$	3,719,591	$	33,576	$	—	$	3,753,167

_____________________

(a) See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.


	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 bills	—		87,251		—		87,251
Time deposits	—		19,497		—		19,497
Marketable securities:

Treasury bills	—		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(b)	$	—	$	(907)	$	—	$	(907)

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

The following table presents the changes in the warrant, which was measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Year Ended December 31,
	2024		2023

	(In thousands)
Balance at January 1	$	49,631		$	46,799

Total net gains:
Fair value adjustments included in earnings	20,393			2,832
Settlements	(70,024)			—
Balance at December 31	$	—		$	49,631

- 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

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Charges Incurred			$ 80,200
Transaction-related costs			7,100
Dotdash Meredith
Restructuring Cost and Reserve [Line Items]
Charges Incurred	$ 130	$ 3,674
Payments made for change in control			$ 87,400

- 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 + Details

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 3,807,233	$ 4,365,235	$ 5,235,280
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	1,777,229	1,694,893	1,934,699
Operating Segments \| Digital
Segment Reporting Information [Line Items]
Revenue	1,004,417	892,426	931,482
Operating Segments \| Print
Segment Reporting Information [Line Items]
Revenue	794,045	823,456	1,026,128
Operating Segments \| Angi
Segment Reporting Information [Line Items]
Revenue	1,185,112	1,358,748	1,764,355
Operating Segments \| Domestic
Segment Reporting Information [Line Items]
Revenue	1,056,122	1,242,941	1,663,317
Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	962,601	1,124,908	1,282,061
Operating Segments \| Services
Segment Reporting Information [Line Items]
Revenue	93,521	118,033	381,256
Operating Segments \| International
Segment Reporting Information [Line Items]
Revenue	128,990	115,807	101,038
Operating Segments \| Care.com
Segment Reporting Information [Line Items]
Revenue	369,620	375,039	362,570
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	387,699	629,038	731,431
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	89,028	320,018	460,895
Intersegment eliminations
Segment Reporting Information [Line Items]
Revenue	(1,455)	(12,501)	(18,670)
Intersegment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	$ (21,233)	$ (20,989)	$ (22,911)

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Common Stock, $0.0001 par value
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	0.0001
Common Stock \| Common Stock, $0.0001 par value
Common stock, par value (USD per share)	0.0001	0.0001	$ 0.0001
Common Stock \| Class B Common Stock, $0.0001 par value
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001	$ 0.0001

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss carryforwards	$ 375,385	$ 435,318
Capitalized research & development expenditures	120,456	91,550
Long-term lease liabilities	97,932	112,178
Tax credit carryforwards	74,512	72,369
Accrued expenses	56,800	53,551
Other	85,761	101,356
Total deferred tax assets	810,846	866,322
Less: valuation allowance	(94,429)	(132,058)
Total deferred tax assets, net of valuation allowance	716,417	734,264
Deferred tax liabilities:
Investment in MGM Resorts International	(230,499)	(383,170)
Investment in subsidiaries	(223,780)	(226,898)
Intangible assets, net of accumulated amortization	(157,666)	(174,933)
Right-of-use assets	(61,673)	(71,531)
Other	(26,736)	(40,668)
Total deferred tax liabilities	(700,354)	(897,200)
Net deferred tax assets (liabilities)	$ 16,063
Net deferred tax assets (liabilities)		$ (162,936)

LONG-TERM DEBT - Aggregate Contractual Maturities of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 35,000
2026	274,325
2027	11,825
2028	1,658,850
Total	1,980,000
Current portion of long-term debt	35,000	$ 30,000
Less: original issue discount	3,512
Less: unamortized debt issuance costs	9,641
Long-term debt, net	$ 1,931,847	$ 1,993,154

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Basis of Presentation

The Company prepares its consolidated financial statements (referred to herein as “financial statements”) in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial statements include all 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 entities comprising the Company have been eliminated.

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 affect the amounts and disclosures reported in the financial statements and accompanying notes. 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; the fair value of acquisition-related contingent consideration arrangements; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and post-retirement 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.

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 9—Segment Information.”

Transaction Price

The objective of determining the transaction price is to estimate the amount of consideration the Company is due in exchange for its services or goods, including amounts that are variable. Contracts may include sales incentives, such as volume discounts or rebates, which are accounted for as variable consideration when estimating the transaction price. The Company also maintains a liability for potential future refunds and customer credits, which is recorded as a reduction of revenue. All estimates of variable consideration are based upon historical experience and customer trends. The Company determines the total transaction price, including an estimate of any variable consideration, at contract inception and reassesses this estimate each reporting period.

The Company excludes from the measurement of transaction price all taxes assessed by governmental authorities that are both (i) imposed on and concurrent with a specific revenue-producing transaction and (ii) collected from customers. Accordingly, such tax amounts are not included as a component of revenue or cost of revenue.

Arrangements with Multiple Performance Obligations

The Company’s contracts with customers may include multiple performance obligations. For such arrangements, the Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company determines standalone selling prices based on the prices charged to customers, which are directly observable or an estimate if not directly observable.

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 as noted below.

Costs to Obtain a Contract with a Customer

The Company uses a portfolio approach to assess the accounting treatment of the incremental costs to obtain a contract with a customer. The Company recognizes an asset if we expect to recover those costs. To the extent that these costs are capitalized, the resultant asset is amortized on a systematic basis consistent with the pattern of the transfer of the services to which the asset relates. The Company has determined that certain costs, primarily commissions paid to employees pursuant to certain sales incentive programs and mobile app store fees, meet the requirements to be capitalized as a cost of obtaining a contract.

Commissions Paid to Employees Pursuant to Sales Incentive Programs

The Company has determined that commissions paid to employees pursuant to certain sales incentive programs meet the requirements to be capitalized as the incremental costs to obtain a contract with a customer. When customer renewals are expected and the renewal commission is not commensurate with the initial commission, the average customer life includes renewal periods. Capitalized commissions paid to employees pursuant to these sales incentive programs are amortized over the estimated customer relationship period and are included in “Selling and marketing expense” in the statement of operations. The Company calculates the anticipated customer relationship period as the average customer life, which is based on historical data.

For sales incentive programs where the anticipated customer relationship period is one year or less, the Company has elected the practical expedient to expense the commissions as incurred. Beginning October 1, 2022, commissions earned on certain transactions within the Angi Ads and Leads segment were expensed as incurred after determining the related customer relationship was less than one year.

App Store Fees

The Company pays fees to the Apple App Store and the Google Play Store for the distribution of our paid mobile apps. The Company capitalizes and amortizes mobile app store fees related to subscriptions over the term of the applicable subscription. The amortization of mobile app store fees is included in “Cost of revenue” in the statement of operations.

Summary of Costs to Obtain a Contract with a Customer

The following table presents the capitalized costs to obtain a contract with a customer at December 31, 2024 and 2023:


	December 31,
	2024				2023
	Sales Commissions		App Store Fees		Total		Sales Commissions		App Store Fees		Total
	(In thousands)
Current	$	26,302	$	865	$	27,167	$	36,589	$	7,835	$	44,424
Non-current	3,606		—		3,606		6,058		—		6,058
Total	$	29,908	$	865	$	30,773	$	42,647	$	7,835	$	50,482

During the years ended December 31, 2024, 2023 and 2022, the Company recognized expense of $62.4 million, $97.4 million and $95.5 million, respectively, related to the amortization of capitalized costs to obtain a contract with a customer. The change in capitalized app store fees from December 31, 2023 to December 31, 2024 reflects the reduction of $7.0 million due to the sale of assets of Mosaic Group on February 15, 2024.

The current and non-current capitalized costs to obtain a contract with a customer are included in “Other current assets” and “Other non-current assets,” respectively, in the balance sheet.

Commissions Paid to Third-Party Agents for the Sales of Magazine Subscriptions

Dotdash Meredith uses third-party agents to obtain certain magazine subscribers. The agents are paid a commission, which can be as much as the subscription price charged to the subscriber. Dotdash Meredith subscriptions do not have substantive termination penalties; therefore, the contract term is determined on an issue-by-issue basis. Accordingly, these commissions do not qualify for capitalization because there is no contract with a customer until a copy is prepared for shipment, at which point these costs are expensed. In the event a subscriber cancels its subscription, Dotdash Meredith recognizes a liability to the extent the commission is refundable to the third-party agent. Dotdash Meredith expenses additional amounts paid to agents (such as per subscriber bounties) to acquire subscribers as incurred. Expenses related to third-party agent sales of magazine subscriptions are included in “Selling and marketing expense” in the statement of operations.

Dotdash Meredith

Dotdash Meredith revenue consists of digital and print revenue. Digital revenue consists principally of advertising, performance marketing and licensing and other revenue. Print revenue consists principally of subscription, advertising, project and other, newsstand and performance marketing revenue.

Digital

Advertising

Advertising revenue is generated primarily through digital advertisements sold by Dotdash Meredith's sales team directly to advertisers or through advertising agencies and programmatic advertising networks. Performance obligations consist of delivering advertisements with a promised number of actions related to the advertisements, such as impressions or clicks, displaying advertisements for an agreed upon amount of time or providing available advertising space. The price is determined by an agreed-upon pricing model such as CPM (cost-per-1,000 impressions), CPC (cost-per-click) or flat fees.

The Company recognizes revenue over time as performance obligations are satisfied. Revenue is recognized using an output method based on actions delivered or time elapsed depending on the nature of the performance obligation. The Company considers the right to receive consideration from a customer to correspond directly with the value to the customer of our performance completed to date. The customer is invoiced in the month following the month that the advertisements are delivered.

Performance Marketing

Performance marketing revenue includes commissions generated through affiliate commerce, affinity marketing channels and performance marketing. Affiliate commerce commission revenue is generated when Dotdash Meredith's branded content refers consumers to commerce partner websites resulting in a purchase or transaction. Performance marketing commissions are generated on a cost-per-click or cost-per-action basis. Performance marketing and affiliate commerce partners are invoiced monthly.

Affinity marketing programs are arrangements where Dotdash Meredith acts as an agent for both Dotdash Meredith and third-party publishers to market and place magazine subscriptions online. Dotdash Meredith net settles with the third-party publishers monthly.

Licensing and Other

Licensing and other revenue include symbolic licenses, which include direct-to-retail product partnerships based on Dotdash Meredith's brands, and functional licenses, which consist of content use and distribution relationships, including utilization in large-language models and other artificial intelligence-related activities. Revenues from symbolic licenses are in the form of a royalty based on the sale or usage of the branded product, which is recognized over time when the sale or use occurs. Generally, revenues are accrued based on estimated sales and adjusted as actual sales are reported by partners. These adjustments are typically recorded within three months of the initial estimates and have not been material. Minimum guarantees, if applicable, are generally recognized as revenue over the term of the applicable contract. Revenue from functional licenses is recognized as Dotdash Meredith's content is delivered or access to the content is granted.

Subscription

Subscription revenue relates to the sale of Dotdash Meredith magazine subscriptions, including digital editions. Subscriptions do not have substantive termination penalties; therefore, the contract term is determined on an issue-by-issue basis. Most of Dotdash Meredith’s subscription sales are prepaid at the time of order and may be canceled at any time for a refund of the pro rata portion of the initial subscription. Accordingly, the amounts received from prepaid subscriptions are recorded as a customer deposit liability rather than as deferred revenue. Each issue is a distinct performance obligation and revenue is recognized when the publication is sent to the customer.

Advertising

Advertising revenue primarily relates to the sale of advertising in magazines directly to advertisers or through advertising agencies. Revenue is recognized on the magazine issue’s on-sale date, which is the date the magazine is published. The customer is invoiced, net of agency commissions, once the advertisements are published under normal industry trade terms.

Project and Other

Project and other revenue include other revenue streams that are primarily project based and may relate to any one or combination of the following activities: audience targeted advertising, custom publishing, content strategy and development, email marketing, social media, database marketing and search engine optimization. Depending on the contractual arrangement, revenue is recognized either as the purchased advertising is run on third-party platforms, or over the contractual period when the products do not have an alternate use to the Company or its other clients. Payment terms vary based on the nature of the contract.

Newsstand

Newsstand revenue is related to single copy magazines or bundles of single copy magazines sold to wholesalers for resale on newsstands. Publications sold to magazine wholesalers are sold with the right to receive credit from Dotdash Meredith for magazines returned to the wholesaler by retailers. Revenue is recognized on the issue's on-sale date as the date aligns most closely with the date that control is transferred to the customer. Wholesalers are invoiced a percentage of estimated final sales the month after the issue’s initial on-sale date. The previously estimated revenue is adjusted based upon the final sales, which occur when the final amounts are settled under normal industry terms.

Performance Marketing

Performance marketing revenue principally consists of affinity marketing revenue through which Dotdash Meredith places magazine subscriptions for third-party publishers. Commissions are earned when a subscriber name has been provided to the publisher and any free trial period is completed. Dotdash Meredith net settles with these third parties monthly.

Angi

Ads and Leads

Ads and Leads revenue includes consumer connection revenue which comprises fees paid by professionals for consumer matches (regardless of whether the professional ultimately provides the requested service), revenue from professionals under contract for advertising, membership subscription revenue from professionals and consumers and revenue from other services. Consumer connection revenue varies based upon several factors, including the service requested, product experience offered, and geographic location of service. Consumer connection revenue is generally billed one week following a consumer match, with payment due upon receipt of invoice. Angi maintains a liability for potential credits issued to professionals. Angi professionals generally pay for advertisements in advance on a monthly or annual basis at the option of the professional, with the average advertising contract term being approximately one year. Angi website, mobile and call center advertising revenue is recognized ratably over the contract term. Revenue from the sale of advertising in the Angie’s List Magazine is recognized in the period in which the publication is distributed. Professional membership subscription revenue is initially deferred upon receipt of payment and is recognized using the straight-line method over the applicable subscription period, which is typically one year. Angi prepaid consumer membership subscription fees are recognized as revenue using the straight-line method over the term of the applicable subscription period, which is typically one year.

Services

Services revenue primarily reflects domestic revenue from pre-priced offerings by which the consumer requests services through an Angi platform and Angi engages a professional to perform the service. Consumers are billed when a job is started through the Services platform. Billing practices are governed by the contract terms of each project as negotiated with the consumer. Billings do not necessarily correlate with revenue recognized over time as this is based on the timing of when the consumer receives the promised services.

From January 1, 2020 through December 31, 2022, Services recorded revenue on a gross basis. Effective January 1, 2023, Angi modified the Services terms and conditions so that the professional, rather than Angi, has the contractual relationship with the consumer to deliver the service and Angi's performance obligation to the consumer is to connect them with the professional. This change in contractual terms requires revenue to be reported as the net amount of what is received from the consumer after deducting the amounts owed to the professional providing the service effective for all arrangements entered into after December 31, 2022. There is no impact to operating loss or Adjusted EBITDA from this change in revenue recognition. For the year ended December 31, 2022, if Services revenue were recorded on a net basis, revenue would have been reduced by $242.6 million.

International

International revenue primarily comprises consumer connection revenue for matches between consumers and professionals and membership subscription revenue from professionals.

Care.com

Care.com consists of consumer and enterprise revenue. Consumer revenue is primarily generated through subscription fees from families and caregivers, both domestically and internationally, for Care.com's suite of products and services. Consumer also includes revenue generated through Care.com's comprehensive household payroll and tax support services (HomePay), as well as through contracts with businesses that advertise through Care.com's platform. Subscription fees for consumer services are deferred and recognized over the applicable subscription period, which ranges from one month up to one year. Enterprise revenue is primarily generated through annual contracts with businesses (employers or re-sellers) that provide access to Care.com’s suite of products and services as an employee benefit. Fees from enterprise contracts include subscription revenue, which is deferred and recognized over the applicable subscription period, and backup care (including child, senior and pet) for employees, which is recognized upon delivery of service.

Ask Media Group revenue consists primarily of advertising revenue generated principally through the display of paid listings in response to search queries, as well as from display advertisements appearing alongside content on its various websites and, to a lesser extent, affiliate commerce commission revenue. Paid listings are advertisements displayed on search results pages that generally contain a link to advertiser websites. The majority of the paid listings displayed by Ask Media Group is supplied to us by Google Inc. (“Google”) pursuant to our services agreement with Google, dated as of October 26, 2015 and as subsequently amended (the “Services Agreement”), described below under “Services Agreement with Google.” Pursuant to this agreement, Ask Media Group businesses transmit search queries to Google, which in turn transmits a set of relevant and responsive paid listings back to these businesses for display in search results. This ad-serving process occurs independently of, but concurrently with, the generation of algorithmic search results for the same search queries. Google paid listings are displayed separately from algorithmic search results and are identified as sponsored listings on search results pages. Paid listings are priced on a price-per-click basis and when a user submits a search query through an Ask Media Group business and then clicks on a Google paid listing displayed in response to the query, Google bills the advertiser that purchased the paid listing and shares a portion of the fee charged to the advertiser with the Ask Media Group business. The Company recognizes paid listing revenue from Google when it delivers the user’s click. In cases where the user’s click is generated due to the efforts of a third-party distributor, we recognize the amount due from Google as revenue and record a revenue share or other payment obligation to the third-party distributor as traffic acquisition costs.

Desktop revenue principally consists of advertising revenue generated principally through the display of paid listings in response to search queries. The majority of the paid listings displayed are supplied to us by Google in the manner, and pursuant to the services agreement with Google, described above.

Emerging & Other

Vivian Health revenue consists of subscription and usage revenue, which is generated through recruiting agencies and other employers that seek access to qualified healthcare professionals. Subscription revenue is recognized at the earlier of the full delivery of the promised services or over the length of the subscription period. There is usage revenue when the usage is in excess of the allotted amount included in the subscription; the usage revenue is recognized in the period in which services were delivered.

Revenue of IAC Films is generated primarily through media production and distribution and recognized when control is transferred to the customer to broadcast or exhibit.

The Daily Beast revenue consists of advertising revenue, which is generated primarily through display advertisements (sold directly and through programmatic advertising networks), and to a lesser extent, subscription revenue and affiliate commerce commission revenue. Fees related to display advertisements are recognized when an advertisement is displayed.

Mosaic Group revenue for periods prior to its sale on February 14, 2024 primarily consisted of fees paid by subscribers for downloadable mobile applications distributed through the Apple App Store and Google Play Store and fees received directly from consumers, as well as display advertisements. Fees related to subscription downloadable mobile applications were initially deferred and generally recognized either over the term of the subscription period, which was up to one year or at the time of the sale when the software license was delivered. Fees related to display advertisements were recognized when an advertisement was displayed.

Roofing revenue for periods prior to its sale on November 1, 2023 primarily consisted of revenue from the roof replacement business offering by which the consumer purchased services directly from the Roofing business and Roofing then engaged a professional to perform the service. Consumers typically paid when a job was completed and revenue was recognized based on the Company's progress in satisfying the roofing service.

Bluecrew revenue for periods prior to its sale on November 9, 2022 consisted of service revenue, which was generated through staffing workers and recognized as control of the promised services was transferred to our customers.

Accounts Receivable, Net of the Allowance for Credit Losses

Accounts receivable include amounts billed and currently due from customers. The allowance for credit losses is based upon a number of factors, including the length of time accounts receivable are past due, the Company’s previous loss history, the specific customer’s ability to pay its obligation and any other forward-looking data regarding customers' ability to pay that is available. Customer payments that are not collected in advance of the transfer of promised services or goods are generally due no later than 30 days from the invoice date, with the exception of invoices at Dotdash Meredith, which vary by revenue stream as described above.

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 $98.6 million and $0.1 million, respectively, at December 31, 2024, and $143.4 million and $0.1 million, respectively, at December 31, 2023. During the year ended December 31, 2024, the Company recognized $112.7 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 December 31, 2024 also reflects a further reduction of $24.5 million related to the sale of assets of Mosaic Group on February, 15, 2024. During the year ended December 31, 2023, the Company recognized $152.7 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.

Cash and Cash Equivalents

Cash and cash equivalents include cash and short-term investments, with maturities of less than 91 days from the date of purchase. Domestically, cash equivalents primarily consist of AAA rated government money market funds and treasury bills. Internationally, cash equivalents primarily consist of AAA rated government money market funds and time deposits.

Accounting for Investments in Marketable Debt Securities

At times, the Company invests in marketable debt securities with active secondary or resale markets to ensure portfolio liquidity to fund current operations or satisfy other cash requirements as needed. Marketable debt securities are adjusted to fair value each quarter, and the unrealized gains and losses, net of tax, are included in accumulated other comprehensive (loss) income as a separate component of shareholders’ equity. The specific-identification method is used to determine the cost of debt securities sold and the amount of unrealized gains and losses reclassified out of accumulated other comprehensive (loss) income into earnings. The Company also invests in non-marketable debt securities as part of its investment strategy. We review our debt securities for impairment each reporting period. The Company recognizes an unrealized loss on debt securities in net earnings when the impairment is determined to be other-than-temporary. Factors we consider in making such a determination include the duration, severity and reason for the decline in value and the potential recovery and our intent to sell the debt security. We also consider whether we will be required to sell the security before recovery of its amortized cost basis and whether the amortized cost basis cannot be recovered because of credit losses. If an impairment is considered to be other-than-temporary, the debt security will be written down to its fair value and the loss will be recognized within “Other (expense) income, net” in the statement of operations.

Certain Risks and Concentrations

Services Agreement with Google

On January 20, 2025, the Company entered into a further amendment to its Services Agreement (the “Amendment”), with the amended terms to be effective on April 1, 2025. Following the execution of the Amendment, the expiration date of the Services Agreement was extended from March 31, 2025 to March 31, 2026, with an automatic renewal for an additional one-year period absent a notice of non-renewal from either party on or before December 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 negatively impacted revenue and been costly to address (and could in the future), which have had and could have an adverse effect on our business, financial condition and results of operations. Further, changes to certain of the economic terms of the Services Agreement will become effective April 1, 2025 and the Company expects this could negatively impact Search revenue.

Equity Price Risk

At December 31, 2024, the Company owns 64.7 million common shares of MGM, which represents 22.0% of MGM's common shares outstanding. In the fourth quarter of 2023, MGM's ongoing share repurchase program passively increased the Company's ownership interest in MGM and 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 resulted in no change to the accounting for its investment in MGM. For the years ended December 31, 2024, 2023 and 2022, the Company recorded unrealized pre-tax (losses) gains from its investment in MGM in its statement of operations of $(649.2) million, $721.7 million and $(723.5) million, respectively.

The cumulative unrealized net pre-tax gain at December 31, 2024 is $978.8 million. At December 31, 2024 and 2023, the carrying value of the Company's investment in MGM, which includes the cumulative unrealized pre-tax gains, was $2.2 billion and $2.9 billion, or approximately 23% and 28% of the Company’s consolidated total assets, respectively. 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 February 7, 2025, the fair value of the Company's investment in MGM was $2.2 billion. The Company’s results of operations and financial condition have in the past been and may in the future be materially impacted by increases or decreases in the price of MGM common shares, which are traded on the New York Stock Exchange.

Interest Rate Risk

At December 31, 2024, the principal amount of the Company's outstanding debt totals $1.98 billion, of which $1.48 billion at Dotdash Meredith bears interest at a variable rate. Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million in March 2023. See “Interest Rate Swaps” below and Note 6—Long-term Debt for additional information. At December 31, 2024, the outstanding balance of $1.18 billion related to Dotdash Meredith Term Loan B-1 due December 1, 2028 (“Dotdash Meredith Term Loan B-1”) bore interest at an adjusted term secured overnight financing rate (“Adjusted SOFR”), subject to a minimum of 0.50%, plus 3.50%, or 8.05%, and the outstanding balance of $297.5 million related to Dotdash Meredith Term Loan A due December 1, 2026 (“Dotdash Meredith Term Loan A”) bore interest at Adjusted Term SOFR plus 2.25%, or 6.94%. If Adjusted Term SOFR were to increase or decrease by 100 basis points, the annual interest expense on Dotdash Meredith Term Loan A and Dotdash Meredith Term Loan B-1, net of the impact related to the $350 million in notional amount of interest rate swaps, would increase or decrease by $11.3 million.

Credit Risk

The Company has counterparty credit risk exposure to the private limited life insurance company, which issued the annuity contracts held by the IPC Pension Scheme (“IPC Plan”), which is the funded plan in the United Kingdom (“U.K.”), as well as certain financial institutions that are counterparties to the interest rate swaps. In addition, cash and cash equivalents are maintained with financial institutions and are in excess of any applicable third-party insurance limits, such as the Federal Deposit Insurance Corporation and the Securities Investor Protection Corporation.

Other Risks

The Company is subject to certain risks and concentrations including dependence on third-party technology providers and exposure to risks associated with online commerce security.

Buildings, Capitalized Software, Land, Equipment and Leasehold Improvements

Buildings, Land, Capitalized Software, Equipment and Leasehold Improvements

Buildings, land, capitalized software, equipment and leasehold improvements are recorded at cost or at fair value to the extent acquired in a business combination. Repairs and maintenance costs are expensed as incurred. Amortization of leasehold improvements, which is included in “Depreciation” in the statement of operations, and depreciation are computed using the straight-line method over the estimated useful lives of the assets, or, in the case of leasehold improvements, the lease term, if shorter.


Asset Category			Estimated Useful Lives
Buildings			5 to 39 Years
Capitalized software			2 to 3 Years
Equipment (including furniture)			3 to 12 Years
Leasehold improvements			1 to 11 Years

The Company capitalizes certain internal use software costs including external direct costs utilized in developing or obtaining the software and compensation for personnel directly associated with the development of the software. Capitalization of such costs begins when the preliminary project stage is complete and ceases when the project is substantially complete and ready for its intended purpose.

Business Combinations

The purchase price of an acquisition is attributed to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, including identifiable intangible assets that either arise from a contractual or legal right or are separable from goodwill. The Company usually obtains the assistance of outside valuation experts in the allocation of purchase price to the identifiable intangible assets acquired. While outside valuation experts may be used, management has the ultimate responsibility for the valuation methods, models and inputs used and the resulting purchase price allocation. The excess purchase price over the value of net tangible and identifiable intangible assets acquired is recorded as goodwill and is assigned to the reporting unit(s) that is expected to benefit from the business combination as of the acquisition date. There have been no acquisitions made since the 2021 acquisition of Meredith Holdings Corporation (“Meredith”), for which the allocation of purchase price to the assets acquired and liabilities assumed, the determination of the reporting units and the allocation of goodwill to the reporting units were finalized during the fourth quarter of 2022.

Goodwill and Indefinite-Lived Intangible Assets

Dotdash Meredith's operating segments and reporting units are Digital and Print. Angi's Ads and Leads, Services and International are separate operating segments and reporting units. Care.com and Search are separate operating segments and reporting units. Within Emerging & Other, Mosaic Group (prior to the sale of its assets on February 15, 2024), Roofing (prior to its sale on November 1, 2023), Vivian Health, The Daily Beast, IAC Films, Newco (IAC's former incubator company) and Bluecrew (prior to its sale on November 9, 2022), are separate operating segments and reporting units. Goodwill is tested for impairment at the reporting unit level. See “Note 9—Segment Information” for additional information regarding the Company's method of determining operating and reportable segments.

The Company assesses goodwill and indefinite-lived intangible assets, which are certain trade names and trademarks, for impairment annually at October 1 or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit or the fair value of an indefinite-lived intangible asset below its carrying value.

When the Company elects to perform a qualitative assessment and concludes it is not more likely than not that the fair value of the reporting unit is less than its carrying value, no further assessment of that reporting unit's goodwill is necessary; otherwise, a quantitative assessment is performed and the fair value of the reporting unit is determined. If the carrying value of the reporting unit exceeds its estimated fair value, a goodwill impairment equal to the excess is recorded.

For the Company's annual goodwill test as of October 1, 2024, qualitative assessments of the goodwill of the Dotdash Meredith Digital, Angi International and Vivian Health reporting units were performed because the Company concluded it was more likely than not that the fair value of these reporting units was in excess of their respective carrying values. The primary factors that the Company considered in its qualitative assessment for each of these reporting units are described below:

•The Company considered the strong forecasted operating performance, in addition to actual operating results in the current year, of the Dotdash Meredith Digital reporting unit and, based on the Company's latest valuation prepared as of October 1, 2023, the excess of its estimated fair value of the reporting unit compared to its carrying value. The Company also considered the valuations of Dotdash Meredith as of December 31, 2023 and June 30, 2024 that were prepared in connection with the issuance and/or settlement of equity awards that are denominated in its equity. These valuations were prepared time proximate to, however, not as of, October 1, 2024.

•The Company prepared a valuation of the Angi International and Vivian Health reporting units primarily in connection with the issuance and/or settlement of equity awards that are denominated in the equity of these businesses as of June 30, 2024. These valuations were prepared time proximate to, however, not as of, October 1, 2024. The fair value of these businesses were in excess of their October 1, 2024 carrying values.

For the Company's annual goodwill test at October 1, 2024, the Company quantitatively tested the Angi Ads and Leads, Angi Services, and Care.com reporting units. The Company's quantitative tests resulted in no impairments. The Company's remaining reporting units, Dotdash Meredith Print, Search, The Daily Beast and IAC Films, have no goodwill as of October 1, 2024.

Given the decline in Angi's and the Company's stock prices after October 1, 2024, the Company subsequently quantitatively tested all reporting units with goodwill as of December 31, 2024 and no impairments were noted.

During the third quarter of 2023 and second quarter of 2022, the Company reassessed the fair value of the Mosaic Group reporting unit (included within Emerging & Other) and recorded goodwill impairments of $9.0 million and $86.7 million, respectively, as a result of the projected reduction in future revenue and profits from the business and lower trading multiples of a selected peer group of companies.

In the fourth quarter of 2022, prior to its sale in 2023, a quantitative assessment was performed on the Roofing reporting unit; this test resulted in a full impairment of $26.0 million due to Roofing exiting certain markets and a projected reduction in future profits from the business, which reduced its fair value.

There is no goodwill for which the most recent estimate of the excess of fair value over carrying value is less than 20%.

The fair value of the Company's reporting units is determined using both an income approach based on discounted cash flows (“DCF”) and a market approach when it tests goodwill for impairment, either on an interim basis or annual basis as of October 1 each year. The Company uses the same approach in determining the fair value of its businesses in connection with its non-public subsidiary denominated stock-based compensation plans, which can be a significant factor in the decision to apply the qualitative assessment rather than a quantitative test. Determining fair value using a DCF analysis requires the exercise of significant judgment with respect to several items, including the amount and timing of expected future cash flows and appropriate discount rates. The expected cash flows used in the DCF analyses are based on the Company's most recent forecast and budget and, for years beyond the budget, the Company's estimates, which are based, in part, on forecasted growth rates. The discount rates used in the DCF analyses are intended to reflect the risks inherent in the expected future cash flows of the respective reporting units. Assumptions used in the DCF analyses, including the discount rate, are assessed based on each reporting unit's current results and forecasted future performance, as well as macroeconomic and industry specific factors. The discount rates used in the quantitative tests as of December 31, 2024 for determining the fair values of the Dotdash Meredith Digital, Angi Ads and Leads, Angi Services, Angi International, Care.com and Vivian Health reporting units were 14.5%, 13%, 14%, 15%, 14.5% and 23%, respectively. The discount rates used in the quantitative tests as of October 1, 2024 for determining the fair values of the Angi Ads and Leads, Angi Services and Care.com reporting units were 12.5%, 13.5% and 14%, respectively. The discount rates used in the quantitative tests as of October 1, 2023 for determining the fair value of the Company's Dotdash Meredith Digital, Care.com and Mosaic Group reporting unit were 15.5%, 16% and 16%, respectively. Determining fair value using a market approach considers multiples of financial metrics based on both acquisitions and trading multiples of a selected peer group of companies. From the comparable companies, a representative market multiple is determined, which is applied to financial metrics to estimate the fair value of a reporting unit. To determine a peer group of companies for our respective reporting units, we considered companies relevant in terms of consumer use, monetization model, margin and growth characteristics, and brand strength operating in their respective sectors.

While the Company has the option to qualitatively assess whether it is more likely than not that the fair values of its indefinite-lived intangible assets are less than their carrying values, the Company's policy is to determine the fair value of each of its indefinite-lived intangible assets annually as of October 1, in part, because the level of effort required to perform the quantitative and qualitative assessments is essentially equivalent. The Company determines the fair value of indefinite-lived intangible assets using an avoided royalty DCF valuation analysis. Significant judgments inherent in this analysis include the selection of appropriate royalty and discount rates and estimating the amount and timing of expected future cash flows. The discount rates used in the DCF analyses are intended to reflect the risks inherent in the expected future cash flows generated by the respective intangible assets. The royalty rates used in the DCF analyses are based upon an estimate of the royalty rates that a market participant would pay to license the Company's trade names and trademarks. The future cash flows are based on the Company's most recent forecast and budget and, for years beyond the budget, the Company's estimates, which are based, in part, on forecasted growth rates. Assumptions used in the avoided royalty DCF analyses, including the discount rate and royalty rate, are assessed annually based on the actual and projected cash flows related to the asset, as well as macroeconomic and industry specific factors. The discount rates used in the Company's annual indefinite-lived impairment assessment ranged from 12.5% to 14.5% in 2024 and 15% to 17% in 2023, and the royalty rates used ranged from 2% to 8% in both 2024 and 2023.The October 1, 2023 annual quantitative assessment of indefinite-lived intangible assets identified an impairment of $79.9 million related to certain other indefinite-lived trade name intangible assets in the Dotdash Meredith Digital segment. The discount rate used to value these trade names was 15.5% and the royalty rate was 6%.

In the fourth quarter of 2024, the Company identified an impairment charge of $2.6 million related to a certain indefinite-lived trade name at Angi Services. The discount rate used to value this trade name was 14.0% and the royalty rate was 2.5%.

During the first quarter of 2024, the Company determined that a projected reduction in future revenue related to certain indefinite-lived trade name intangible assets with a carrying value of $20.7 million in the Dotdash Meredith Digital segment resulted in a change in classification to definite-lived intangible assets to be amortized over their respective useful lives. There was no impairment recorded in connection with the change in classification.

During the third quarter of 2023, the Company determined that a projected reduction in future revenue related to a certain indefinite-lived trade name intangible asset in the Dotdash Meredith Digital segment was an indicator of possible impairment. Following the identification of the indicator, the Company updated its calculation of the fair value of the indefinite-lived intangible asset and recorded an impairment of $7.6 million. The discount rate used to value the trade name was 16% and the royalty rate was 8%. A quantitative assessment of this indefinite-lived trade name intangible asset was prepared as of October 1, 2023; this test resulted in no additional impairment as its carrying value approximates its fair value.

If the carrying value of an indefinite-lived intangible asset exceeds its estimated fair value, an impairment equal to the excess is recorded. There is one indefinite-lived intangible asset at Angi Services with a value of approximately $16.2 million for which the most recent estimate of the excess of fair value over carrying value is less than 20%.

The impairment of indefinite-lived intangible assets are included in “Amortization of intangibles” in the statement of operations.

Long-Lived Assets

Long-lived assets, other than goodwill and indefinite-lived intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. If the carrying value is deemed not to be recoverable, an impairment loss is recorded equal to the amount by which the carrying value of the long-lived asset exceeds its fair value.

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

During the third quarter of 2022, Dotdash Meredith recorded impairment charges of $21.3 million related to the consolidation of certain leased spaces following the Meredith acquisition consisting of impairments of $14.3 million and $7.0 million of an ROU asset and related leasehold improvements, furniture and equipment, respectively. See “Note 17—Dotdash Meredith Restructuring Charges, Transaction-Related Expenses and Change-in-Control Payments” for additional information.

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 DCF 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.

Accounting for Investments in Equity Securities

The Company's equity securities, other than those of its consolidated subsidiaries and those accounted for under the equity method, are accounted for at fair value or under the measurement alternative in accordance with ASC Subtopic 321, Investments - Equity Securities, with any changes to fair value recognized in “Other income (expense), net” in the statement of operations each reporting period. Under the measurement alternative, equity investments without readily determinable fair values are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar securities of the same issuer; fair value is generally determined based on a market approach as of the transaction date. A security will be considered identical or similar if it has identical or similar rights to the equity securities held by the Company. The Company reviews its investments in equity securities without readily determinable fair values for impairment each reporting period when there are qualitative factors or events that indicate possible impairment. Factors the Company considers in making this determination include negative changes in industry and market conditions, financial performance, business prospects, and other relevant events and factors. When indicators of impairment exist, the Company prepares quantitative assessments of the fair value of its investments in equity securities, which require judgment and the use of estimates. When the Company's assessment indicates that the fair value of the investment is below its carrying value, the Company writes down the investment to its fair value and records the corresponding charge in “Other income (expense), net” in the statement of operations.

As described above under “Equity Price Risk”, in the fourth quarter of 2023, MGM's ongoing share repurchase program passively increased the Company's ownership interest in MGM and the Company determined that the equity method of accounting applied and the Company elected to account for its investment in MGM pursuant to the fair value option.

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. See “Note 3—Financial Instruments and Fair Value Measurements” for a discussion of fair value measurements made using Level 3 inputs.

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 are identified or an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs. Refer to “Goodwill and Indefinite-Lived Intangible Assets” and “Long-Lived Assets” above for a description of impairment charges.

Advertising Costs

Advertising costs are expensed in the period incurred (when the advertisement first runs for production costs that are initially capitalized) and primarily represent online marketing, including fees paid to search engines, social media sites and other online marketing platforms, app platform and partners who direct traffic to the brands at Angi, offline marketing, which is primarily television, streaming and radio advertising within our Angi and Care.com segments and direct-mail costs for magazine subscription acquisition efforts at Dotdash Meredith.

Legal Costs

Legal costs, other than certain costs incurred to obtain financing, which are generally capitalized, are expensed as incurred.

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 Dotdash Meredith Term Loan B due December 1, 2028 (“Dotdash Meredith Term Loan B”) and, following the effectiveness of Amendment No. 1 to the Dotdash Meredith Credit Agreement on November 26, 2024 (the “Amended Dotdash Meredith Credit Agreement”), Dotdash Meredith Term Loan B-1, from a variable rate to a fixed rate to manage interest rate risk exposure for the period commencing April 3, 2023 and ending April 1, 2027. 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-1 and Dotdash Meredith Term Loan B.

Original Issue Discount, Debt Issuance Costs and Deferred Financing Costs

Costs incurred to obtain financing are deferred and amortized to “Interest expense” in the statement of operations over the related financing period using the effective interest method. The Company records debt issuance costs as a direct reduction of the carrying value of the related debt. Financing costs related to the undrawn revolving credit facility are included in “Other non-current assets” in the balance sheet.

Income Taxes

The Company accounts for income taxes under the liability method, and deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying values of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. A valuation allowance is provided if it is determined that it is more likely than not that the deferred tax asset will not be realized. The Company records interest, net of any applicable related income tax benefit, for uncertain tax positions as a component of income tax expense. The Company elects to recognize the tax on Global Intangible Low-Taxed Income as a period expense in the period the tax is incurred.

The Company evaluates and accounts for uncertain tax positions using a two-step approach. Recognition (step one) occurs when the Company concludes that a tax position, based solely on its technical merits, is more likely than not to be sustainable upon examination. Measurement (step two) determines the amount of benefit that is greater than 50% likely to be realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. De-recognition of a tax position that was previously recognized would occur when the Company subsequently determines that a tax position no longer meets the more-likely-than-not threshold of being sustained.

Pensions and Post-Retirement Benefits

In connection with the acquisition of Meredith in December 2021, the Company assumed certain pension plan obligations. The two largest of these pension plans were funded plans in the U.K. and the U.S.

The IPC Plan relates to a business that was sold by Meredith Corporation prior to December 2021. The IPC Plan has entered into two annuity contracts designed to provide payments equal to all future designated contractual benefit payments to covered participants. The value of these annuity contracts and the liabilities with respect to participants are expected to match. There are no active participants in the IPC Plan or the unfunded pension plan in the U.K. so there are no service costs. While the Company does not expect to have to make any contributions to the IPC Plan, that could change based upon future events.

The domestic funded plan and unfunded plan were frozen with respect to new participants January 1, 2018. The domestic funded pension plan was terminated as of December 31, 2022, and therefore, has no service costs after that date. No future contributions will be required to the domestic funded plan due to its termination.

The domestic unfunded plan was frozen as of December 31, 2024, and therefore, will have no service costs in the future. Pension benefits for the domestic plan are based on formulas that reflect pay credits allocated to participants’ accounts based on years of benefit service and annual pensionable earnings.

The unfunded plan in the U.S. and the unfunded plan in the U.K. are funded as payments are made to the plan participants, which can include the purchase of annuity contracts. In addition, the Company provides health care benefits for certain employees in the U.S. upon their retirement. This plan is the only plan with active participants that are accruing benefits based upon service and the expected cost of which is accrued over the period that the employees render service; this plan is funded as claims are paid.

The Company utilizes a mark-to-market approach to account for pension and post-retirement benefits. Under this approach, the Company recognizes changes in the fair value of plan assets and actuarial gains or losses in the fourth quarter of each fiscal year or whenever a plan is required to be remeasured. Events requiring a plan remeasurement are recognized in the quarter in which the remeasurement event occurs. The remaining components of pension and other post-retirement plan net periodic benefit (credit) cost are recorded on a quarterly basis.

The discount rate for the IPC Plan is an effective insurance settlement rate, using the estimated discount rates inherent in the annuity contracts at each measurement date. The discount rates utilized for the domestic plans and the unfunded U.K. plan were based on the investment yields of high-quality corporate bonds available in the marketplace with maturities equal to projected cash flows of future benefit payments as of the measurement date.

Earnings Per Share

Basic net earnings (loss) per share (“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. Diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vested resulting in the issuance of common stock that could share in the earnings of the Company. 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 EPS.

Foreign Currency Translation and Transaction Gains and Losses

The financial position and operating results of foreign entities whose primary economic environment is based on their local currency are consolidated using the local currency as the functional currency. These local currency assets and liabilities are translated at the rates of exchange as of the balance sheet date, and local currency revenue and expenses of these operations are translated at average rates of exchange during the period. Translation gains and losses are included in “Accumulated other comprehensive (loss) income” as a component of shareholders' equity. Transaction gains and losses resulting from assets and liabilities denominated in a currency other than the functional currency are included in the statement of operations as a component of “Other income (expense), net.” See “Note 14—Financial Statement Details” for additional information regarding foreign currency exchange gains and losses.

Translation gains and losses relating to foreign entities that are liquidated or substantially liquidated are reclassified out of accumulated other comprehensive (loss) income into earnings.

Stock-Based Compensation

Stock-based compensation is measured at the grant date based on the fair value of the award and is generally expensed over the requisite service period.

Redeemable Noncontrolling Interests

Noncontrolling interests in the subsidiaries of the Company are ordinarily reported on the balance sheet within shareholders' equity, separately from the Company's equity. However, securities that are redeemable at the option of the holder and not solely within the control of the issuer must be classified outside of shareholders' equity. Accordingly, all noncontrolling interests that are redeemable at the option of the holder are presented outside of shareholders' equity in the balance sheet.

In connection with the acquisition of certain subsidiaries, management of these businesses has retained an ownership interest. The Company is party to fair value put and call arrangements with respect to these interests. These put and call arrangements allow management of these businesses to require the Company to purchase their interests or allow the Company to acquire such interests at fair value, respectively. The put arrangements do not meet the definition of a derivative instrument as the put agreements do not provide for net settlement. These put and call arrangements become exercisable by the Company and the counterparty at various dates in the future. There were no arrangements exercised during the years ended December 31, 2024, 2023 and 2022. These put arrangements are exercisable by the counterparty outside the control of the Company. Accordingly, to the extent that the redemption amount of these interests exceeds the value determined by normal noncontrolling interest accounting, the value of such interests is adjusted to the redemption amount with a corresponding adjustment to additional paid-in capital. During the years ended December 31, 2024, 2023 and 2022, the Company recorded adjustments of $(7.0) million, $7.6 million and $24.2 million, respectively, to (decrease) increase these interests to their redemption amounts. Adjustments to these interests require high levels of judgment and are based on various valuation techniques, including market comparables and discounted cash flow projections.

Recent Accounting Pronouncements

Recent Accounting Pronouncements Adopted by the Company

Accounting Standards Update (“ASU”) No. 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. The Company adopted ASU No. 2023-07 effective for the fiscal year beginning January 1, 2024 and applied the new guidance retrospectively to all prior periods presented in the financial statements. See “Note 9—Segment Information” for additional information on the impact to the Company.

Recent Accounting Pronouncements Not Yet Adopted by the Company

ASU No. 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 reporting period for the fiscal year ending December 31, 2025. Early adoption is permitted and ASU No. 2023-09 may be applied either prospectively or retrospectively. The Company is currently assessing ASU No. 2023-09, its impact on its income tax disclosures and the method of adoption. ASU No. 2023-09 does not affect the Company's results of operations, financial condition or cash flows. The Company does not plan to adopt ASU No. 2023-09 early.

ASU No. 2024-03—Income Statement-Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)—Disaggregation of Income Statement Expenses

In November 2024, the FASB issued ASU No. 2024-03, which is intended to provide users of financial statements with more decision-useful information about expenses of a public business entity, primarily through enhanced disclosures of certain components of expenses commonly presented within captions on the statement of operations, such as purchases of inventory, employee compensation, depreciation and amortization, as well as a qualitative description of the amounts remaining in relevant expense captions that are not separately disaggregated quantitatively. ASU No. 2024-03 also requires disclosure of the total amount of selling expenses and, in annual reporting periods, the definition of selling expenses. ASU No. 2024-03 is effective for fiscal years beginning after December 15, 2026 and for interim periods beginning after December 15, 2027. Early adoption is permitted and ASU No. 2024-03 may be applied either prospectively or retrospectively. The Company is currently assessing ASU No. 2024-03, its impact on its disclosures and the timing and method of adoption. ASU No. 2024-03 does not affect 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.

ACCUMULATED OTHER COMPREHENSIVE LOSS

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE LOSS

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


	Year Ended December 31, 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	(3,875)		6,785		(20)		2,890
Amounts reclassified to earnings	1,427		(4,782)		—		(3,355)
Net current period other comprehensive (loss) income	(2,448)		2,003		(20)		(465)
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	11		—		—		11
Balance at December 31	$	(12,703)	$	1,307	$	—	$	(11,396)


	Year Ended December 31, 2023
	Foreign Currency Translation Adjustment		Unrealized Losses 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	2,915		2,958		(33)		5,840
Amounts reclassified to earnings	—		(3,654)		—		(3,654)
Net current period other comprehensive income (loss)	2,915		(696)		(33)		2,186
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	5		—		—		5
Balance at December 31	$	(10,266)	$	(696)	$	20	$	(10,942)


	Year Ended December 31, 2022
	Foreign Currency Translation Adjustment		Unrealized Gains On Available-For-Sale Marketable Debt Securities		Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at January 1	$	4,397	$	—	$	4,397
Other comprehensive (loss) income before reclassifications	(17,636)		53		(17,583)
Amounts reclassified to earnings	42		—		42
Net current period other comprehensive (loss) income	(17,594)		53		(17,541)
Accumulated other comprehensive loss allocated to noncontrolling interests during the period	11		—		11
Balance at December 31	$	(13,186)	$	53	$	(13,133)

The amounts reclassified out of foreign currency translation adjustment into earnings for the years ended December 31, 2024 and 2022 relate to the substantial liquidation of certain international subsidiaries.

At December 31, 2024 and 2023, there was a deferred income tax provision of $0.4 million and a deferred income tax benefit of $0.2 million, respectively, related to unrealized gains and losses, respectively, on interest rate swaps. At December 31, 2023, and 2022, there was a deferred income tax provision of less than $0.1 million related to net unrealized gains on available-for-sale marketable debt securities.

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

The overall concept that the Company employs in determining its operating segments is to present the financial information in a manner consistent with the chief operating decision maker's (“CODM”) view of the businesses. The Office of the Chairman, which is comprised of certain executives and members of the board of directors, is the CODM of the Company. We consider how the businesses are organized as to segment management and the focus of the businesses with regards to the types of services or products offered or the target market. Operating segments are combined for reporting purposes in the case of Emerging & Other because they do not meet the quantitative thresholds that require presentation as separate reportable segments.

Disaggregated Revenue

The following table presents revenue by reportable segment:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Revenue
Dotdash Meredith
Digital	$	1,004,417	$	892,426	$	931,482
Print	794,045		823,456		1,026,128
Intersegment eliminations(a)	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith	1,777,229		1,694,893		1,934,699
Angi
Domestic:
Ads and Leads	962,601		1,124,908		1,282,061
Services	93,521		118,033		381,256
Total Domestic	1,056,122		1,242,941		1,663,317
International	128,990		115,807		101,038
Total Angi	1,185,112		1,358,748		1,764,355
Care.com	369,620		375,039		362,570
Search	387,699		629,038		731,431
Emerging & Other	89,028		320,018		460,895
Intersegment eliminations(b)	(1,455)		(12,501)		(18,670)
Total	$	3,807,233	$	4,365,235	$	5,235,280

_____________________

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

(b) Intersegment eliminations primarily relate to advertising sold by Dotdash Meredith to other IAC owned businesses and Ads and Leads revenue earned from sales to Roofing prior to its sale.

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


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Dotdash Meredith
Digital:
Advertising revenue	$	643,725	$	560,786	$	621,714
Performance marketing revenue	243,895		231,087		198,441
Licensing and other revenue	116,797		100,553		111,327
Total Digital revenue	1,004,417		892,426		931,482
Print:
Subscription revenue	327,079		329,357		422,700
Advertising revenue	174,889		203,210		260,282
Project and other revenue	155,090		128,354		154,807
Newsstand revenue	102,096		117,316		132,855
Performance marketing revenue	34,891		45,219		55,484
Total Print revenue	794,045		823,456		1,026,128
Intersegment eliminations(a)	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith revenue	$	1,777,229	$	1,694,893	$	1,934,699

Angi
Domestic:
Ads and Leads:
Consumer connection revenue	$	606,560	$	781,089	$	954,735
Advertising revenue	312,281		290,799		265,466
Membership subscription revenue	43,076		52,305		60,411
Other revenue	684		715		1,449
Total Ads and Leads revenue	962,601		1,124,908		1,282,061
Services revenue	93,521		118,033		381,256
Total Domestic revenue	1,056,122		1,242,941		1,663,317
International:
Consumer connection revenue	106,324		92,635		71,851
Membership subscription revenue	21,709		22,548		28,192
Advertising and other revenue	957		624		995
Total International revenue	128,990		115,807		101,038
Total Angi revenue	$	1,185,112	$	1,358,748	$	1,764,355

Care.com
Consumer revenue	$	191,274	$	210,455	$	217,691
Enterprise revenue	178,346		164,584		144,879
Total Care.com revenue	$	369,620	$	375,039	$	362,570

Search
Advertising revenue:
Google advertising revenue	$	376,970	$	582,481	$	525,987
Non-Google advertising revenue	9,280		44,068		200,435
Total advertising revenue	386,250		626,549		726,422
Other revenue	1,449		2,489		5,009
Total Search revenue	$	387,699	$	629,038	$	731,431

Emerging & Other
Subscription revenue	$	52,207	$	180,940	$	196,965
Marketplace revenue	11,509		14,172		70,180


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Media production and distribution revenue	7,819		15,847		31,555
Roofing revenue	—		90,557		137,509
Advertising revenue:
Non-Google advertising revenue	7,367		12,568		16,057
Google advertising revenue	955		946		2,192
Total advertising revenue	8,322		13,514		18,249
Service and other revenue	9,171		4,988		6,437
Total Emerging & Other revenue	$	89,028	$	320,018	$	460,895

Segment Expenses

The following table presents the significant expenses included in the Company's segment reporting performance measure, Segment Adjusted EBITDA, that are regularly provided to the CODM by the Company's reportable segments:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Segment Expenses:
Dotdash Meredith
Digital:
Cost of revenue	$	272,225	$	240,985	$	309,100
Selling and marketing expense	221,862		192,204		196,696
General and administrative expense	97,932		102,751		127,671
Product development expense	123,005		113,517		111,319
Total Digital expenses	715,024		649,457		744,786
Print:
Cost of revenue	389,089		415,354		527,858
Selling and marketing expense	290,709		280,302		402,564
General and administrative expense	49,898		52,335		54,082
Product development expense	10,556		11,239		10,489
Total Print expenses	740,252		759,230		994,993
Other:
Other(c)	47,766		84,438		65,682
Intersegment eliminations	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith expenses(d)	$	1,481,809	$	1,472,136	$	1,782,550

Angi
Domestic(e):
Consumer marketing expense(f)	$	309,139	$	435,620	$	520,744
Professional acquisition expense(g)	233,645		274,209		296,374
Fixed expense(h)	206,687		212,837		226,030
Variable expense(i)	124,150		155,776		218,644
Cost of revenue(j)	53,139		59,095		334,565
Total Domestic expenses	926,760		1,137,537		1,596,357
International:
Fixed expense(h)	51,393		48,422		46,064
Other segment items(k)	61,644		54,311		55,455




Total International expenses	113,037		102,733		101,519
Total Angi expenses	$	1,039,797	$	1,240,270	$	1,697,876

Care.com
Cost of revenue	$	79,167	$	91,494	$	88,806
Selling and marketing expense	99,612		108,320		108,840
General and administrative expense	91,146		60,826		57,788
Product development expense	54,514		58,194		60,237
Total Care.com expenses	$	324,439	$	318,834	$	315,671

Search
Traffic acquisition costs and online marketing(l)	$	328,573	$	536,099	$	596,080
Other segment items(m)	41,616		48,656		51,865
Total Search expenses	$	370,189	$	584,755	$	647,945

_____________________

(d) Includes certain lease impairment and restructuring charges for the years ended December 31, 2023 and 2022. See “Segment Reporting Performance Measure and Reconciliations” below for additional information.

(e) Angi Domestic expenses are provided in total to the CODM rather than at the segment level.

(f) Consumer marketing expense includes (i) advertising expenditures to promote the brand to consumers with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to the brands within the Angi segment, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising, (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for consumer marketing personnel and (iii) outsourced personnel costs.

(g) Professional acquisition expense includes (i) advertising expenditures to promote the brand to professionals with (a) online marketing, including fees paid to search engines and other online marketing platforms, partners who direct traffic to the brands within the Angi segment, and app platforms, and (b) offline marketing, which is primarily television, streaming and radio advertising and (ii) compensation expense, excluding stock-based compensation, and other employee-related costs for professional acquisition sales and marketing personnel.

(h) Fixed expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in (a) the design, development, testing, and enhancement of product offerings and related technology and (b) executive management, finance, legal, tax, marketing and human resources functions, (ii) software license and maintenance costs, (iii) rent expense and facilities costs (including impairments of ROU assets), (iv) fees for professional services and (iv) outsourced personnel costs for personnel engaged in product development.

(i) Variable expense includes (i) compensation expense, excluding stock-based compensation, and other employee-related costs for personnel engaged in customer service functions, (ii) provision for credit losses, (iii) outsourced personnel costs for personnel engaged in assisting in customer service functions and (iv) service guarantee expense.

(j) Cost of revenue consists primarily of (i) credit card processing fees, (ii) hosting fees and (iii) payments made to independent third-party professionals who perform work.

(k) Angi International other segment items include cost of revenue, consumer marketing expense, professional marketing expense, provision for credit losses and other operating expenses.

(l) Traffic acquisition costs include (i) payments made to partners who direct traffic to our Ask Media Group websites and who distribute our business-to-business customized browser-based applications and (ii) the amortization of fees paid to Apple and Google related to the distribution of apps and the facilitation of in-app purchases and online marketing includes fees paid to search engines and other online marketing platforms.

(m) Search other segment items include compensation expense, excluding stock-based compensation, and other operating expenses.

Segment Reporting Performance Measure and Reconciliations

Adjusted EBITDA is the Company's primary financial and GAAP segment measure. Adjusted EBITDA is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of, if applicable, (i) amortization of intangible assets and impairments of goodwill and intangible assets and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements. Adjusted EBITDA is the segment reporting performance measure used by the CODM as one of the metrics by which we evaluate the performance of our businesses and our internal budgets are based and may impact management compensation. The following table presents a summary of Segment Adjusted EBITDA:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Segment Adjusted EBITDA:
Dotdash Meredith
Digital	$	289,393	$	242,969	$	186,696
Print	53,793		64,226		31,135
Other(c)	(47,766)		(84,438)		(65,682)
Total Dotdash Meredith(n)(o)	295,420		222,757		152,149
Angi
Domestic:
Ads and Leads	180,334		147,357		168,952
Services	4,469		8,123		(52,126)
Other(c)	(55,441)		(50,076)		(49,866)
Total Domestic	129,362		105,404		66,960
International	15,953		13,074		(481)
Total Angi	145,315		118,478		66,479
Care.com	45,181		56,205		46,899
Search	17,510		44,283		83,486
Emerging & Other	(35,995)		(14,366)		(69,942)
Total Segment Adjusted EBITDA	$	467,431	$	427,357	$	279,071

_____________________

(n) The year ended December 31, 2023 includes impairment charges of $44.7 million related to unoccupied leased office space at Dotdash Meredith Other. See “Note 2—Summary of Significant Accounting Policies” for additional information.

(o) The year ended December 31, 2022 includes $32.2 million, $33.4 million and $7.6 million of restructuring charges and $1.1 million, $1.4 million and $4.7 million of transaction-related expenses in connection with the 2021 acquisition of Meredith at Dotdash Meredith Digital, Print and Other, respectively. See “Note 17—Dotdash Meredith Restructuring Charges, Transaction-Related Expenses and Change-in-Control Payments” for additional information.

The following table reconciles total Segment Adjusted EBITDA to (loss) earnings from continuing operations before income taxes:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Total Segment Adjusted EBITDA	$	467,431	$	427,357	$	279,071
Corporate Adjusted EBITDA loss	(87,742)		(90,873)		(79,521)
Stock-based compensation expense	(112,523)		(117,181)		(123,476)
Depreciation	(126,890)		(175,096)		(130,986)
Amortization of intangibles	(144,506)		(295,970)		(307,718)
Acquisition-related contingent consideration fair value adjustments	—		—		612
Goodwill impairment	—		(9,000)		(112,753)
Interest expense	(155,888)		(157,632)		(110,165)
Unrealized (loss) gain on investment in MGM Resorts International	(649,178)		721,668		(723,515)
Other income (expense), net	116,897		63,862		(217,785)
(Loss) earnings from continuing operations before income taxes	$	(692,399)	$	367,135	$	(1,526,236)

Capital Expenditures

The following table presents capital expenditures as viewed by the CODM:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Capital expenditures:
Dotdash Meredith	$	14,293	$	10,370	$	12,885
Angi	50,492		47,780		115,479
Care.com	510		2,039		9,911
Search	—		—		17
Emerging & Other	—		7		1,071
Corporate	211		81,168		390
Total	$	65,506	$	141,364	$	139,753

Asset information is not provided to the Company’s CODM as that information is not used in the allocation of resources or in assessing the performance of the Company’s segments.

Geographic Information

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


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Revenue:
United States	$	3,374,726	$	3,798,229	$	4,720,504
All other countries	432,507		567,006		514,776
Total	$	3,807,233	$	4,365,235	$	5,235,280


	December 31,
	2024		2023
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	639,898	$	743,914
All other countries	8,040		10,964
Total	$	647,938	$	754,878

- 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

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Accumulated impairment loss			$ 1,275,385	$ 1,275,385
Goodwill			2,877,078	3,024,266	$ 3,030,168
Goodwill impairment			0	9,000	112,753
Emerging & Other
Goodwill [Line Items]
Accumulated impairment loss			95,748	95,748
Goodwill			4,764	149,345	158,345
Goodwill impairment				9,000
Mosaic Group
Goodwill [Line Items]
Goodwill impairment	$ 9,000	$ 86,700
Dotdash Meredith
Goodwill [Line Items]
Accumulated impairment loss			198,329	198,329
Goodwill			$ 1,497,642	1,497,642	$ 1,497,642
Goodwill impairment				$ 0

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/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

+ Details

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Warrant
Balance at beginning of period	$ 49,631	$ 46,799
Fair value adjustments included in earnings	20,393	2,832
Settlements	(70,024)	0
Balance at end of period	$ 0	$ 49,631

FINANCIAL STATEMENT DETAILS - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total gross carrying amount	$ 812,302	$ 829,537
Accumulated depreciation and amortization	(419,541)	(374,256)
Buildings, land, capitalized software, equipment and leasehold improvements, net	392,761	455,281
Capitalized software
Property, Plant and Equipment [Line Items]
Total gross carrying amount	291,165	299,763
Buildings
Property, Plant and Equipment [Line Items]
Total gross carrying amount	165,700	160,567
Equipment (including furniture)
Property, Plant and Equipment [Line Items]
Total gross carrying amount	136,881	160,991
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total gross carrying amount	92,324	108,273
Land
Property, Plant and Equipment [Line Items]
Total gross carrying amount	86,045	86,032
Projects in progress
Property, Plant and Equipment [Line Items]
Total gross carrying amount	$ 40,187	$ 13,911

GOODWILL AND INTANGIBLE ASSETS - Goodwill by Reporting Unit (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Goodwill
Balance at beginning of period	$ 3,024,266,000	$ 3,030,168,000
Deductions	(144,581,000)
Impairment	0	(9,000,000)	$ (112,753,000)
Foreign Exchange Translation	(2,607,000)	3,098,000
Balance at end of period	2,877,078,000	3,024,266,000	3,030,168,000
Accumulated Impairment Loss	(1,275,385,000)	(1,275,385,000)
Dotdash Meredith
Goodwill
Balance at beginning of period	1,497,642,000	1,497,642,000
Deductions	0
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	1,497,642,000	1,497,642,000	1,497,642,000
Accumulated Impairment Loss	(198,329,000)	(198,329,000)
Digital
Goodwill
Balance at beginning of period	1,497,642,000	1,497,642,000
Deductions	0
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	1,497,642,000	1,497,642,000	1,497,642,000
Accumulated Impairment Loss	(198,329,000)	(198,329,000)
Angi
Goodwill
Balance at beginning of period	886,383,000	883,285,000
Deductions	0
Impairment		0
Foreign Exchange Translation	(2,607,000)	3,098,000
Balance at end of period	883,776,000	886,383,000	883,285,000
Accumulated Impairment Loss	0	0
Ads and Leads
Goodwill
Balance at beginning of period	761,571,000	761,571,000
Deductions	0
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	761,571,000	761,571,000	761,571,000
Accumulated Impairment Loss	0	0
Services
Goodwill
Balance at beginning of period	51,095,000	51,095,000
Deductions	0
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	51,095,000	51,095,000	51,095,000
Accumulated Impairment Loss	0	0
International
Goodwill
Balance at beginning of period	73,717,000	70,619,000
Deductions	0
Impairment		0
Foreign Exchange Translation	(2,607,000)	3,098,000
Balance at end of period	71,110,000	73,717,000	70,619,000
Accumulated Impairment Loss	0	0
Care.com
Goodwill
Balance at beginning of period	490,896,000	490,896,000
Deductions
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	490,896,000	490,896,000	490,896,000
Accumulated Impairment Loss	0	0
Search
Goodwill
Balance at beginning of period	0	0
Deductions	0
Impairment		0
Foreign Exchange Translation	0	0
Balance at end of period	0	0	0
Accumulated Impairment Loss	(981,308,000)	(981,308,000)
Emerging & Other
Goodwill
Balance at beginning of period	149,345,000	158,345,000
Deductions	(144,581,000)
Impairment		(9,000,000)
Foreign Exchange Translation	0	0
Balance at end of period	4,764,000	149,345,000	$ 158,345,000
Accumulated Impairment Loss	$ (95,748,000)	$ (95,748,000)

SUBSEQUENT EVENT (Details) - Subsequent Event - Chief Executive Officer - USD ($) $ in Thousands		4 Months Ended
	Jan. 13, 2025	May 31, 2025
Subsequent Event [Line Items]
Separation benefits payable	$ 18,000
Maximum contractual term	6 years
Estimated discount	$ 3,500
Forecast
Subsequent Event [Line Items]
Stock based compensation expense		$ 14,500

PENSION AND POST-RETIREMENT BENEFIT PLANS - Level 3 Reconciliation of Plan Assets (Details) - Level 3 - Fair Value, Recurring - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets, beginning of year	$ 480,502	$ 460,278
Settlements	(18,899)	(17,378)
Change in fair value	(44,238)	12,915
Foreign currency translation	(3,786)	24,253
Other	0	434
Fair value of plan assets, end of year	$ 413,579	$ 480,502

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

INCOME TAXES

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

U.S. and foreign (loss) earnings before income taxes and noncontrolling interests are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
U.S.	$	(719,791)	$	353,188	$	(1,320,332)
Foreign	27,392		13,947		(205,904)
Total	$	(692,399)	$	367,135	$	(1,526,236)

The components of the income tax provision (benefit) are as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Current income tax provision:
Federal	$	1,888	$	1,474	$	777
State	7,498		8,998		4,712
Foreign	12,582		9,554		1,182
Current income tax provision	21,968		20,026		6,671

Deferred income tax (benefit) provision:
Federal	(128,443)		79,941		(252,022)
State	(21,255)		9,153		(44,335)
Foreign	(31,339)		(302)		(41,401)
Deferred income tax (benefit) provision	(181,037)		88,792		(337,758)
Income tax (benefit) provision	$	(159,069)	$	108,818	$	(331,087)

A reconciliation of the income tax provision (benefit) to the amounts computed by applying the statutory federal income tax rate to earnings before income taxes is shown as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Income tax (benefit) provision at the federal statutory rate of 21%	$	(145,404)	$	77,098	$	(320,510)
State income taxes, net of effect of federal tax benefit	(14,341)		12,542		(26,708)
Change in judgement on beginning of the year valuation allowance	(34,769)		(240)		3,523
Non-deductible portion of goodwill in the sale of Mosaic	23,839		—		—
Non-deductible executive compensation	10,941		10,383		12,359
Research credit	(10,897)		(11,973)		(19,041)
Change in valuation allowance on capital losses	(8,720)		774		10,010

Non-deductible goodwill impairment	—		1,659		15,764


Deferred tax adjustment for enacted changes in tax laws and rates	389		407		(7,152)



Other, net	19,893		18,168		668
Income tax (benefit) provision	$	(159,069)	$	108,818	$	(331,087)


	December 31,
	2024		2023
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	375,385	$	435,318
Capitalized research & development expenditures	120,456		91,550
Long-term lease liabilities	97,932		112,178
Tax credit carryforwards	74,512		72,369
Accrued expenses	56,800		53,551
Other	85,761		101,356
Total deferred tax assets	810,846		866,322
Less: valuation allowance	(94,429)		(132,058)
Total deferred tax assets, net of valuation allowance	716,417		734,264

Deferred tax liabilities:
Investment in MGM Resorts International	(230,499)		(383,170)
Investment in subsidiaries	(223,780)		(226,898)
Intangible assets, net of accumulated amortization	(157,666)		(174,933)
Right-of-use assets	(61,673)		(71,531)

Other	(26,736)		(40,668)
Total deferred tax liabilities	(700,354)		(897,200)
Net deferred tax assets (liabilities)	$	16,063	$	(162,936)

At December 31, 2024, the Company had both U.S. federal and state net operating losses (“NOLs”) of $1.1 billion, available to offset future income. Federal NOLs of $1.1 billion can be carried forward indefinitely. State NOLs of $0.1 billion can be carried forward indefinitely and $1.0 billion, if not utilized, will expire at various times between 2025 and 2044. Federal and state NOLs of $1.0 billion and $0.8 billion, respectively, can be used against future taxable income without restriction and the remaining NOLs are subject to limitations under Section 382 of the Internal Revenue Code, separate return limitations, and applicable law. At December 31, 2024, the Company had foreign NOLs of $397.1 million available to offset future income. Of these foreign NOLs, $386.0 million can be carried forward indefinitely and $11.1 million, if not utilized, will expire at various times between 2025 and 2044. During 2024, the Company recognized tax benefits related to NOLs of $36.4 million.

At December 31, 2024, the Company had tax credit carryforwards of $97.9 million. Of this amount, $90.1 million relates to credits for research activities, $5.9 million relates to credits for foreign taxes, and $1.9 million relates to various other credits. Of these credit carryforwards, $14.4 million can be carried forward indefinitely and $83.5 million, if not utilized, will expire between 2025 and 2044.

During 2024, the Company's valuation allowance decreased by $37.6 million primarily due to the valuation allowance release for foreign net operating losses (as discussed below), and the realization of previously unbenefited capital losses, partially offset by state NOLs. At December 31, 2024, the Company had a valuation allowance of $94.4 million related to the portion of tax loss carryforwards, tax credits and other items for which it is more likely than not that the tax benefit will not be realized.

Following the purchase of the remaining noncontrolling interests of a foreign subsidiary, we reorganized the related business operations, which resulted in the release of a valuation allowance for foreign net operating losses in the amount of $31.1 million as a discrete item in the third quarter, because we are now forecasting the utilization of these net operating losses within the foreseeable future.

A reconciliation of the beginning and ending amount of unrecognized tax benefits, including penalties but excluding interest, is as follows:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Balance at January 1	$	19,002	$	16,013	$	17,449
Additions for tax positions related to the current year	4,312		5,187		5,557
Settlements	—		(2,505)		(7,100)
Additions for tax positions of prior years	—		1,008		1,715
Reductions for tax positions of prior years	(252)		(701)		(1,608)
Expiration of statutes	(33)		—		—
Balance at December 31	$	23,029	$	19,002	$	16,013

The Company is routinely under audit by federal, state, local and foreign authorities in the area of income tax. 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 Services (“IRS”). Returns filed in various other jurisdictions are open to examination for tax years beginning with 2015. 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 December 31, 2024 and 2023, accruals for interest and penalties are not material.

At December 31, 2024 and 2023, unrecognized tax benefits, including interest and penalties, were $23.8 million and $19.6 million, respectively. Unrecognized tax benefits, including interest and penalties, at December 31, 2024 increased by $4.2 million due primarily to research credits. If unrecognized tax benefits at December 31, 2024 are subsequently recognized, $22.6 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 $0.5 million by December 31, 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

LEASES

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

LEASES

The Company primarily leases office space used in connection with its operations under various operating leases, the majority of which contain escalation clauses.

ROU assets represent the Company’s right to use the underlying assets for the lease term and lease liabilities represent the present value of the Company’s obligation to make payments arising from these leases. ROU assets and related lease liabilities are based on the present value of fixed lease payments over the lease term using the Company's and certain of its subsidiaries' respective incremental borrowing rates on the lease commencement date, the date of acquisition for any leases acquired in connection with a business combination or January 1, 2019, the date ASC Topic 842, Leases (“ASC 842”) was adopted, for leases that commenced prior to that date. The Company combines the lease and non-lease components of lease payments in determining ROU assets and related lease liabilities. If the lease includes one or more options to extend the term of the lease, the renewal option is considered in the lease term if it is reasonably certain the Company will exercise the option(s). Lease expense is recognized on a straight-line basis over the term of the lease. As permitted by ASC 842, leases with an initial term of twelve months or less (“short-term leases”) are not recorded on the balance sheet.

Variable lease payments consist primarily of common area maintenance, utilities and taxes, which are not included in the recognition of ROU assets and related lease liabilities. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.

The following table presents the balances of ROU assets and lease liabilities within the balance sheet:


		December 31,
Leases	Balance Sheet Classification	2024		2023
		(In thousands)
Assets:
ROU assets	Other non-current assets	$	255,177	$	299,597

Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	$	62,055	$	68,126
Long-term lease liabilities	Other long-term liabilities	344,654		401,118
Total lease liabilities		$	406,709	$	469,244

The following table presents the net lease expense within the statement of operations:


		Year Ended December 31,
Lease Expense	Statement of Operations Classification	2024		2023		2022
		(In thousands)
Fixed lease expense	Cost of revenue	$	1,149	$	708	$	1,283
Fixed lease expense	Selling and marketing expense	666		2,362		6,229
Fixed lease expense	General and administrative expense	56,404		110,177		61,886
Fixed lease expense	Product development expense	1,043		658		999
Total fixed lease expense(a)		59,262		113,905		70,397

Variable lease expense	Selling and marketing expense	—		79		199
Variable lease expense	General and administrative expense	18,728		19,610		16,406
Variable lease expense	Product development expense	—		157		89
Total variable lease expense		18,728		19,846		16,694
Net lease expense		$	77,990	$	133,751	$	87,091

_____________________

(a) Includes (i) lease impairment charges of $7.2 million, $48.9 million and $2.3 million, (ii) short-term lease expense of $1.0 million, $1.6 million and $4.0 million, (iii) sublease income of $16.0 million, $15.2 million and $17.1 million and (iv) gains (losses) on termination of leases of $2.2 million, $(0.2) million and $3.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. Impairment charges related to ROU assets are included in “General and administrative expense” in the statement of operations. Impairment charges during the year ended December 31, 2023 include $44.7 million related to certain unoccupied leased office space at Dotdash Meredith due to the continued decline in the commercial real estate market. During the year ended December 31, 2022, the Company also recorded $14.3 million of impairment charges related to the consolidation of certain leased spaces following the Meredith acquisition, which is included in “General and administration expense” in the statement of operations as a restructuring charge. See “Note 2—Summary of Significant Accounting Policies” and “Note 1 7 —Dotdash Meredith Restructuring Charges, Transaction-Related Expenses and Change-in-Control Payments” for additional information on impairment and restructuring charges, respectively.

Maturities of lease liabilities at December 31, 2024(b) are summarized below:


Year Ending December 31,	(In thousands)
2025	$	80,861
2026	76,224
2027	65,141
2028	61,116
2029	56,844
Thereafter	142,594
Total	482,780
Less: Interest	76,071
Present value of lease liabilities	$	406,709

_____________________

(b) Lease payments exclude $7.7 million of legally binding minimum lease payments for leases signed but not yet commenced.

The following are the weighted average assumptions used for lease term and discount rate:


	December 31,
	2024		2023
Remaining lease term	6.8 years		7.5 years
Discount rate	5.16	%	5.07	%

The following is the supplemental cash flow information:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
ROU assets obtained in exchange for lease liabilities	$	10,580	$	7,545	$	9,608
Derecognition of ROU assets due to termination or modification	$	(462)	$	(34,809)	$	(4,612)
Cash paid for amounts included in the measurement of lease liabilities	$	92,304	$	100,328	$	93,864

In addition, purchase accounting adjustments related to the 2021 acquisition of Meredith were completed during the year ended December 31, 2022 and ROU assets were adjusted downward by $4.3 million and lease liabilities were adjusted upward by $7.1 million.

LONG-TERM DEBT - Narrative (Details) - USD ($)					1 Months Ended		3 Months Ended	11 Months Ended	12 Months Ended
LONG-TERM DEBT - Narrative (Details) - USD ($)	Mar. 31, 2026	Nov. 26, 2024	Nov. 25, 2024	Dec. 01, 2021	Jan. 31, 2024	Mar. 31, 2023	Dec. 31, 2024	Dec. 01, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Principal repayments of debt										$ 67,964,000	$ 30,000,000	$ 30,000,000
Dotdash Meredith
Debt Instrument [Line Items]
Capital contributions										125,000,000	510,000,000
Capital contributions outstanding							$ 0			0
Capital distributions					$ 105,000,000					230,000,000	$ 405,000,000
Interest rate swaps
Debt Instrument [Line Items]
Interest rate swaps expected to be reclassified into interest expense within next twelve months							$ 1,100,000			$ 1,100,000
Dotdash Meredith Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Consolidated net leverage ratio (no greater than)										5.5	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
Adjustment to interest rate										0.10%
Basis spread on variable rate (as a percent)										2.25%
Interest rate on debt instrument (as a percent)							6.94%			6.94%	7.69%
Dotdash Meredith Term Loan A Facility \| Term Loan \| Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal								$ 13,100,000	$ 8,800,000
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%
Weighted average interest rate						3.82%
Dotdash Meredith Term Loan B Facility \| Interest rate swaps \| Dotdash Meredith \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)						4.00%
Dotdash Meredith Term Loan B Facility \| Interest rate swaps \| Dotdash Meredith \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Adjustment to interest rate						0.10%
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
Basis spread on variable rate (as a percent)										4.00%	4.00%
Interest rate on debt instrument (as a percent)											9.44%
Principal repayments of debt			$ 30,000,000
Loss on the extinguishment of debt							$ 300,000
Debt issuance costs							100,000			$ 100,000
Third party fees							3,500,000			$ 3,500,000
Quarterly repayments of principal			$ 3,100,000
Dotdash Meredith Term Loan B Facility \| Term Loan \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)											0.50%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Variable Rate Component One
Debt Instrument [Line Items]
Adjustment to interest rate										0.10%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Variable Rate Component Two
Debt Instrument [Line Items]
Adjustment to interest rate										0.15%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Variable Rate Component Three
Debt Instrument [Line Items]
Adjustment to interest rate										0.25%
Dotdash Meredith Revolving Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Term of debt instrument (years)				5 years
Maximum borrowing capacity				$ 150,000,000
Outstanding borrowings under the credit facility							$ 0			$ 0	$ 0
Commitment fee (in basis points)										0.40%	0.40%
Dotdash Meredith Term Loans \| Term Loan
Debt Instrument [Line Items]
Face amount of debt instrument		$ 1,180,000,000
Dotdash Meredith Term Loan B-1 Facility \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Notional amount						$ 350,000,000
Dotdash Meredith Term Loan B-1 Facility \| Variable Rate Component One \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Weighted average interest rate		3.82%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)										3.50%
Interest rate on debt instrument (as a percent)							8.05%			8.05%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal	$ 3,000,000
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)										0.50%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component One \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)		7.32%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component One \| Interest rate swaps \| Dotdash Meredith \| Base Rate
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)		3.50%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component One \| Interest rate swaps \| Dotdash Meredith \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.50%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component Two \| Interest rate swaps \| Dotdash Meredith \| Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.50%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component Two \| Minimum \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)		7.32%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Variable Rate Component Two \| Maximum \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)		7.42%
ANGI 3.875% Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Secured leverage ratio, maximum							3.75			3.75

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses
Movement in Valuation Allowances and Reserves
Balance at beginning of period	$ 32,379	$ 50,971	$ 36,637
Charges to Earnings	61,949	87,729	116,553
Charges to Other Accounts	2,026	174	109
Deductions	(68,441)	(106,495)	(102,328)
Balance at end of period	27,913	32,379	50,971
Deferred tax valuation allowance
Movement in Valuation Allowances and Reserves
Balance at beginning of period	132,058	124,012	112,640
Charges to Earnings	(36,199)	4,373	(4,497)
Charges to Other Accounts	(1,430)	3,673	15,869
Deductions	0	0	0
Balance at end of period	94,429	132,058	124,012
Other reserves
Movement in Valuation Allowances and Reserves
Balance at beginning of period	1,391	1,880	2,530
Balance at end of period	$ 1,344	$ 1,391	$ 1,880

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents and Investments in Debt Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Maturity period at purchase (less than)	91 days
Available for sale marketable debt securities	$ 0	$ 148,998

LEASES - Weighted-Average Remaining Term and Discount Rate (Details)	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Remaining lease term (in years)	6 years 9 months 18 days	7 years 6 months
Discount rate (as a percent)	5.16%	5.07%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Interest Rate Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Derivative [Line Items]
Long-term debt, gross	$ 1,980,000
Dotdash Meredith Term Loan B-1 Facility \| Term Loan
Derivative [Line Items]
Long-term debt, gross	$ 1,180,000
Basis spread on variable rate (as a percent)	3.50%
Interest rate on debt instrument (as a percent)	8.05%
Dotdash Meredith Term Loan B-1 Facility \| Term Loan \| Minimum
Derivative [Line Items]
Basis spread on variable rate (as a percent)	0.50%
Dotdash Meredith Term Loan A Facility \| Term Loan
Derivative [Line Items]
Long-term debt, gross	$ 297,500
Basis spread on variable rate (as a percent)	2.25%
Interest rate on debt instrument (as a percent)	6.94%	7.69%
Dotdash Meredith
Derivative [Line Items]
Long-term debt, gross	$ 1,480,000	$ 1,540,000
Dotdash Meredith \| Interest rate swaps \| Term Loan
Derivative [Line Items]
Impact of 100 basis point increase or decrease of basis spread on variable rate	11,300
Dotdash Meredith \| Dotdash Meredith Term Loan B-1 Facility \| Term Loan
Derivative [Line Items]
Long-term debt, gross	1,182,500	0
Dotdash Meredith \| Dotdash Meredith Term Loan B-1 Facility \| Interest rate swaps
Derivative [Line Items]
Notional amount			$ 350,000
Dotdash Meredith \| Dotdash Meredith Term Loan A Facility \| Term Loan
Derivative [Line Items]
Long-term debt, gross	$ 297,500	$ 315,000

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets, net are as follows:


	December 31,
	2024		2023
	(In thousands)
Goodwill	$	2,877,078	$	3,024,266
Intangible assets with indefinite lives	513,113		544,228
Intangible assets with definite lives, net of accumulated amortization	209,022		330,477
Total goodwill and intangible assets, net	$	3,599,213	$	3,898,971

The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill and accumulated impairment losses, for the year ended December 31, 2024:


	Balance at December 31, 2023		Deductions		Foreign Exchange Translation		Balance at December 31, 2024		Accumulated Impairment Losses at December 31, 2024
	(In thousands)
Dotdash Meredith
Digital	$	1,497,642	$	—	$	—	$	1,497,642	$	(198,329)
Total Dotdash Meredith	1,497,642		—		—		1,497,642		(198,329)

Angi
Ads and Leads	761,571		—		—		761,571		—
Services	51,095		—		—		51,095		—
International	73,717		—		(2,607)		71,110		—
Total Angi	886,383		—		(2,607)		883,776		—

Care.com	490,896				—		490,896		—
Search	—		—		—		—		(981,308)
Emerging & Other	149,345		(144,581)		—		4,764		(95,748)
Total	$	3,024,266	$	(144,581)	$	(2,607)	$	2,877,078	$	(1,275,385)

Deductions at Emerging & Other are due to the sale of assets of Mosaic Group on February 15, 2024. The accumulated impairment losses at December 31, 2024 and 2023 within Emerging & Other are attributable to Mosaic Group. See “Note 2—Summary of Significant Accounting Policies” for further discussion of the Company’s assessments of impairment of goodwill. Prior to the acquisition of Meredith in 2021, Dotdash’s previous goodwill balance of $198.3 million was fully impaired, resulting in its balance reflected in accumulated impairment losses at both December 31, 2024 and 2023. As a result of impairments previously recorded, the Search reportable segment has no goodwill.


	Balance at December 31, 2022		Impairment		Foreign Exchange Translation		Balance at December 31, 2023		Accumulated Impairment Losses at December 31, 2023
	(In thousands)
Dotdash Meredith
Digital	$	1,497,642	$	—	$	—	$	1,497,642	$	(198,329)
Total Dotdash Meredith	1,497,642		—		—		1,497,642		(198,329)

Angi

Ads and Leads	761,571		—		—		761,571		—
Services	51,095		—		—		51,095		—
International	70,619		—		3,098		73,717		—
Total Angi	883,285		—		3,098		886,383		—

Care.com	490,896		—		—		490,896		—
Search	—		—		—		—		(981,308)
Emerging & Other	158,345		(9,000)		—		149,345		(95,748)
Total	$	3,030,168	$	(9,000)	$	3,098	$	3,024,266	$	(1,275,385)

During the third quarter of 2023, the Company reassessed the fair value of the Mosaic Group reporting unit (included within Emerging & Other prior to the sale of its assets on February 15, 2024) and recorded a goodwill impairment of $9.0 million. See “Note 2—Summary of Significant Accounting Policies” for further discussion of the Company’s assessments of impairment of goodwill.

At December 31, 2024 and 2023, intangible assets with definite lives are as follows:


	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life
	(In thousands)						(Years)
Advertiser relationships	$	297,000	$	(211,694)	$	85,306	5.0
Technology	174,052		(174,052)		—		3.7
Licensee relationships	171,000		(123,115)		47,885		4.9
Trade names	139,419		(78,940)		60,479		8.3
Content	104,939		(104,939)		—		2.9
Customer lists and user base	68,084		(52,732)		15,352		6.4
Professional relationships	6,298		(6,298)		—		2.7

Total	$	960,792	$	(751,770)	$	209,022	5.1


	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life
	(In thousands)						(Years)
Advertiser relationships	$	297,000	$	(154,819)	$	142,181	5.0
Technology	198,344		(196,816)		1,528		3.5
Licensee relationships	171,000		(85,496)		85,504		4.9
Trade names	120,759		(55,541)		65,218		9.2
Content	104,939		(88,845)		16,094		2.9
Customer lists and user base	68,661		(48,721)		19,940		6.4
Professional relationships	6,419		(6,407)		12		2.7

Total	$	967,122	$	(636,645)	$	330,477	5.1

At December 31, 2024, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:


Year Ending December 31,	(In thousands)
2025	$	92,710
2026	73,030
2027	15,142
2028	5,519
2029	5,359
Thereafter	17,262
Total	$	209,022

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Investments in MGM Resorts International (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Investment in MGM Resorts International	$ 2,242,672	$ 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

PENSION AND POST-RETIREMENT BENEFIT PLANS - Weighted Average Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost
Cash balance interest credit rate	2.39%	2.39%	3.65%
United States \| Pension
Weighted Average Assumptions Used in Calculating Benefit Obligation
Discount rate	5.27%	5.19%
Rate of compensation increase	2.96%	2.90%
Cash balance interest credit rate	2.39%	2.39%
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost
Discount rate	5.36%	5.48%	3.28%
Expected return on plan assets	5.22%	4.48%	2.80%
Rate of compensation increase	2.90%	2.99%	2.95%
United States \| Post-Retirement
Weighted Average Assumptions Used in Calculating Benefit Obligation
Discount rate	5.55%	5.11%
Rate of compensation increase	3.50%	3.50%
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost
Discount rate	5.11%	5.46%	2.61%
Rate of compensation increase	3.50%	3.50%	3.50%
Assumed healthcare cost trend rate
Initial level	6.50%	6.00%	6.25%
Ultimate level	5.00%	5.00%	5.00%
Years to ultimate level	6 years	4 years	5 years
International \| Pension
Weighted Average Assumptions Used in Calculating Benefit Obligation
Discount rate	4.99%	4.06%
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost
Discount rate	4.06%	4.13%	1.67%
Expected return on plan assets	4.06%	4.12%	1.90%

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS IAC and Angi Allocation of CEO Compensation and Certain Expenses Joseph Levin, CEO of IAC and Chairman of Angi, was CEO of Angi from October 10, 2022 through April 8, 2024. As a result, IAC allocated $2.4 million, $9.4 million and $2.1 million for the years ended December 31, 2024 and 2023 and for the period from October 10, 2022 to December 31, 2022, respectively, in costs to Angi (including salary, benefits, stock-based compensation and costs related to the CEO’s office). These costs were allocated from IAC based upon time spent on Angi by Mr. Levin. Management considers the allocation method to be reasonable. The allocated costs also include costs directly attributable to Angi that were initially paid for by IAC and billed by IAC to Angi. On April 8, 2024, Jeffrey W. Kip, President of Angi, was appointed to succeed Joseph Levin as CEO of Angi. Mr. Levin remains Chairman of the Angi board of directors. Further on January 13, 2025 and in connection with the Distribution, Mr. Levin will step down from his role as CEO of IAC and become an advisor to the Company on the earlier of the completion of the spin-off of Angi or May 31, 2025. Concurrent with IAC's announcement, Angi announced its appointment of Mr. Levin as Executive Chairman of Angi, effective upon his departure from IAC. See “Note 10—Stock-Based Compensation” and “Note 18—Subsequent Event” for a discussion of the impact the Agreement has on the Company. The Combination and Related Agreements The Company and Angi, in connection with 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. Following the Distribution, Angi will continue to be an independent, publicly traded company and IAC will no longer own any shares of Angi capital stock. The agreements between IAC and Angi that were put in place in connection with the Combination will survive the Distribution in accordance with their terms, with certain exceptions. The services agreement currently governs services that IAC has agreed to provide to Angi through September 29, 2025, with automatic renewal for successive one year terms, subject to IAC’s continued ownership of a majority of the total combined voting power of Angi’s voting stock and any subsequent extension(s) or truncation(s) agreed to by Angi and IAC. The scope, nature and extent of services may be changed from time to time as Angi and IAC may agree. In connection with the Distribution, Angi and IAC anticipate that they will update the schedule of services provided under the services agreement to reflect the provision of certain services requested by Angi for an agreed period of time following the Distribution, on terms consistent with the services agreement, including Angi’s continued participation in IAC’s U.S. health and welfare plans, 401(k) plan and flexible benefits plan until January 1, 2026. Pursuant to the employee matters agreement, in the event of a distribution of Angi capital stock to IAC stockholders in a transaction intended to qualify as tax-free for U.S. federal income tax purposes, the Compensation and Human Capital Committee of the IAC Board of Directors has the exclusive authority to determine the treatment of outstanding IAC equity awards. Such authority includes (but is not limited to) the ability to convert all or part of IAC equity awards outstanding immediately prior to any such distribution into equity awards denominated in shares of Angi Class A common stock, which Angi would be obligated to assume and which would be dilutive to Angi stockholders. Following the Distribution, solely for purposes of determining the expiration of options with respect to shares of common stock of one company held by employees of the other company, IAC and Angi employees will be deemed employed by both companies for so long as they continue to be employed by whichever of the companies employs them immediately following the Distribution. IAC expects to terminate the employee matters agreement upon the completion of the Distribution, with Angi’s continued participation in IAC’s U.S. health and welfare plans, 401(k) plan and flexible benefits plan to be covered under the services agreement as described above. In connection with the Distribution, IAC and Angi anticipate that they will terminate the sub-lease arrangements and investor rights agreement. IAC and 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 $3.5 million for both the years ended December 31, 2024 and 2023, and $4.6 million for the year ended December 31, 2022. At December 31, 2024 and 2023, the Company had non-current rent receivable amounts of $0.4 million and $0.3 million, 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 December 31, 2024, the Company and Expedia Group each have a 50% ownership interest in two aircraft that may be used by both companies. In the fourth quarter of 2022, the Company and Expedia Group sold a corporate aircraft that was jointly owned for total proceeds of $19.0 million (sales price net of related costs), with each company receiving 50% of the proceeds. 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 are related parties because Mr. Diller serves as Chairman and Senior Executive of both IAC and Expedia Group. For each of the years in the three-year period ended December 31, 2024, the 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 the years ended December 31, 2024, 2023 and 2022, 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, commencing October 2024, for Expedia Group to occupy office space in the Company's New York City headquarters building. The total payments pursuant to this lease agreement are not material.

- 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

(LOSS) EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Nov. 05, 2020
Numerator: Basic
Net (loss) earnings from continuing operations	$ (533,330)	$ 258,317	$ (1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)	7,625	22,285
Net earnings attributed to unvested participating security	0	(9,216)	0
Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)	256,726	(1,172,864)
Earnings from discontinued operations, net of taxes	0	0	2,694
Net earnings attributable to noncontrolling interests of discontinued operations	0	0	0
Net earnings attributed to unvested participating security	0	0	0
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	0	0	2,694
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$ (539,897)	$ 256,726	$ (1,170,170)
Denominator: Basic
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)	83,130,000	83,569,000	86,350,000
(Loss) Earnings per share: Basic
(Loss) earnings per share from continuing operations attributable to IAC common stock and Class B common stock shareholders (USD per share)	$ (6.49)	$ 3.07	$ (13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders (USD per share)	0	0	0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)	$ (6.49)	$ 3.07	$ (13.55)
Numerator: Diluted
Net (loss) earnings from continuing operations	$ (533,330)	$ 258,317	$ (1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)	7,625	22,285
Net earnings attributed to unvested participating security	0	(8,918)	0
Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)	257,024	(1,172,864)
Earnings from discontinued operations, net of taxes	0	0	2,694
Net earnings attributable to noncontrolling interests of discontinued operations	0	0	0
Net earnings attributed to unvested participating security	0	0	0
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	0	0	2,694
Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$ (539,897)	$ 257,024	$ (1,170,170)
Denominator: Diluted
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)	83,130,000	83,569,000	86,350,000
Dilutive securities (in shares)	0	2,895,000	0
Denominator for earnings per share - weighted average shares (in shares)	83,130,000	86,464,000	86,350,000
(Loss) earnings per share: Diluted
(Loss) earnings per share from continuing operations attributable to IAC Common Stock and Class B common stock shareholders (USD per share)	$ (6.49)	$ 2.97	$ (13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders (USD per share)	0	0	0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)	$ (6.49)	$ 2.97	$ (13.55)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (less than or equal to) (shares)	8,500,000	3,600,000	7,900,000
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

LEASES - Other Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
ROU assets obtained in exchange for lease liabilities	$ 10,580	$ 7,545	$ 9,608
Derecognition of ROU assets due to termination or modification	(462)	(34,809)	(4,612)
Cash paid for amounts included in the measurement of lease liabilities	$ 92,304	$ 100,328	$ 93,864

SEGMENT INFORMATION - Capital Expenditures by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Capital expenditures	$ 65,506	$ 141,364	$ 139,753
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Capital expenditures	14,293	10,370	12,885
Operating Segments \| Angi
Segment Reporting Information [Line Items]
Capital expenditures	50,492	47,780	115,479
Operating Segments \| Care.com
Segment Reporting Information [Line Items]
Capital expenditures	510	2,039	9,911
Operating Segments \| Search
Segment Reporting Information [Line Items]
Capital expenditures	0	0	17
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Capital expenditures	0	7	1,071
Corporate
Segment Reporting Information [Line Items]
Capital expenditures	$ 211	$ 81,168	$ 390

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Adjustments to the Carrying Value of Equity Securities Without Readily Determinable Fair Values
Upward adjustments (gross unrealized pre-tax gains)	$ 1,901	$ 2,227
Downward adjustments including impairments (gross unrealized pre-tax losses)	(34,218)	(22,463)
Total	(32,317)	(20,236)
Equity Securities without Readily Determinable Fair Values, Realized and Unrealized Gains (Losses)
Realized pre-tax gains, net, for equity securities sold	8,943	89	$ 12,434
Unrealized pre-tax losses, net, on equity securities held	(32,317)	(20,236)	(89,137)
Total pre-tax losses, net recognized	$ (23,374)	$ (20,147)	$ (76,703)

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS

Restructuring Charges

During 2022, Dotdash Meredith management committed to several actions to improve efficiencies and better align its cost structure following the acquisition of Meredith on December 1, 2021, which included: (i) the discontinuation of certain print publications and the shutdown of PeopleTV, for which the related expense was primarily reflected in the first quarter of 2022, (ii) a voluntary retirement program, for which the related expense was primarily reflected in the first half of 2022, (iii) the consolidation of certain leased office space, for which the related expense was reflected in the third quarter of 2022 and (iv) a reduction in force plan, which was announced in the first quarter of 2022. These actions resulted in $80.2 million of restructuring charges incurred for the year ended December 31, 2022. During 2024 and 2023, Dotdash Meredith recorded adjustments related to certain of these restructurings and no liability remains as of December 31, 2024.


			Year Ended December 31, 2024
	Accrued December 31, 2023		Charges Incurred		Reversal of Initial Cost		Payments		Accrued December 31, 2024		Cumulative Charges Incurred
	(In thousands)
Digital	$	473	$	—	$	(223)	$	(250)	$	—	$	38,546
Print	1,119		94		(108)		(1,105)		—		33,398
Other(a)	298		36		—		(334)		—		7,568
Total	$	1,890	$	130	$	(331)	$	(1,689)	$	—	$	79,512

_____________________

(a) Other comprises unallocated corporate expenses, which are corporate overhead expenses not attributable to the Digital or Print segments.


			Year Ended December 31, 2023
	Accrued December 31, 2022		Charges Incurred		Reversal of Initial Cost		Payments		Accrued December 31, 2023
			(In thousands)
Digital	$	10,950	$	1,371	$	(1,827)	$	(10,021)	$	473
Print	12,055		1,625		(1,645)		(10,916)		1,119
Other(a)	4,389		678		(727)		(4,042)		298
Total	$	27,394	$	3,674	$	(4,199)	$	(24,979)	$	1,890

The costs are allocated as follows in the statement of operations:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Cost of revenue	$	(205)	$	744	$	24,527
Selling and marketing expense	(116)		(1,300)		17,174
General and administrative expense(b)	126		(282)		28,096
Product development expense	(6)		313		3,435
Depreciation(c)	—		—		7,006
Total	$	(201)	$	(525)	$	80,238

_____________________

Transaction-Related Expenses

For the year ended December 31, 2022, Dotdash Meredith incurred $7.1 million of transaction-related expenses related to the 2021 acquisition of Meredith, other than costs related to change-in-control payments.

Change-in-Control Payments

During 2022, Dotdash Meredith made the final $87.4 million in change-in-control payments, which were triggered by the acquisition and the terms of certain former executives’ contracts. These payments included amounts accrued in December 2021, as well as amounts previously accrued that became payable following the change-in-control.

PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Retirement Benefits [Abstract]

Schedule of Changes in Projected Benefit Obligations and Change in Plan Assets

The following tables present changes in, and components of, Dotdash Meredith's net assets/liabilities for pension and other post-retirement benefits:


	Year Ended December 31, 2024						Year Ended December 31, 2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Change in benefit obligation
Benefit obligation, beginning of year	$	56,722	$	488,269	$	4,248	$	72,988	$	467,829	$	4,473


Service cost	202		—		1		211		—		4
Interest cost	1,816		19,288		206		3,140		19,610		231


Net actuarial gain	(7,357)		(62,955)		(370)		(49)		(6,420)		(496)
Benefits paid (including lump sums)	(496)		(18,822)		(43)		(19,568)		(17,796)		36
Settlements	(46,856)		—		—		—		—		—

Curtailment gain	(399)		—		—		—		—		—


Foreign currency exchange rate impact	—		(5,154)		—		—		25,046		—
Benefit obligation, end of year	$	3,632	$	420,626	$	4,042	$	56,722	$	488,269	$	4,248
Change in plan assets
Fair value of plan assets, beginning of year	$	62,008	$	488,701	$	—	$	78,199	$	467,891	$	—


Actual return on plan assets	823		(45,117)		—		2,765		13,728		—
Employer contributions	489		172		—		612		163		—

Benefits paid (including lump sums)	(496)		(18,822)		—		(19,568)		(17,796)		—
Settlements	(46,856)		—		—		—		—		—

Transfer to QRP	(15,968)		—		—		—		—		—
Foreign currency exchange rate impact	—		(4,971)		—		—		24,715		—
Fair value of plan assets, end of year	$	—	$	419,963	$	—	$	62,008	$	488,701	$	—
(Under) over funded status, end of year	$	(3,632)	$	(663)	$	(4,042)	$	5,286	$	432	$	(4,248)

Schedule of Amounts Recognized in Balance Sheet

The following amounts are recognized in the December 31, 2024 and 2023 balance sheet, respectively:


	December 31,
	2024						2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Other current assets
Prepaid benefit cost	$	—	$	3,275	$	—	$	—	$	4,850	$	—
Other non-current assets
Prepaid benefit cost	—		—		—		10,225		—		—
Accrued expenses and other current liabilities
Accrued benefit liability	(1,619)		(186)		(432)		(1,430)		(4,418)		(433)
Other long-term liabilities
Accrued benefit liability	(2,013)		(3,752)		(3,610)		(3,509)		—		(3,815)
Net amount recognized	$	(3,632)	$	(663)	$	(4,042)	$	5,286	$	432	$	(4,248)

Schedule of Plan with Projected Benefit Obligation and Accumulated Benefit Obligations in Excess of Plan Assets

The following table provides information about pension plans with projected benefit obligations and accumulated benefit obligations in excess of plan assets:


	December 31,
	2024				2023
	Domestic		International		Domestic		International
	(In thousands)
Projected benefit obligation	$	3,632	$	3,938	$	4,939	$	4,419
Accumulated benefit obligation	$	3,632	$	3,938	$	4,290	$	4,419
Fair value of plan assets	$	—	$	—	$	—	$	—

Schedule of Net Benefit Costs

The components of net periodic benefit (credit) cost recognized in the statement of operations were as follows:


	Year Ended December 31, 2024						Year Ended December 31, 2023						Year Ended December 31, 2022
	Pension				Post-Retirement		Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic		Domestic		International		Domestic
	(In thousands)
Service cost	$	202	$	—	$	1	$	211	$	—	$	4	$	3,562	$	—	$	7
Interest cost	1,816		19,288		206		3,140		19,610		231		4,372		15,014		262
Expected return on plan assets	(1,293)		(19,289)		—		(1,881)		(19,586)		—		(2,748)		(16,857)		—

Actuarial (gain) loss recognition	(6,887)		1,272		(370)		(932)		(225)		(496)		8,154		208,957		(3,717)
Settlement	—		—		—		—		—		—		(918)		—		(3,037)

Curtailment gain	(399)		—		—		—		—		—		(3,060)		—		—
Net periodic benefit (credit) cost	$	(6,561)	$	1,271	$	(163)	$	538	$	(201)	$	(261)	$	9,362	$	207,114	$	(6,485)

Schedule of Assumptions

Benefit obligations were determined using the following weighted average assumptions:


	Year Ended December 31, 2024						Year Ended December 31, 2023
	Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic

Discount rate	5.27	%	4.99	%	5.55	%	5.19	%	4.06	%	5.11	%
Rate of compensation increase	2.96	%	N/A		3.50	%	2.90	%	N/A		3.50	%
Cash balance interest credit rate	2.39	%	N/A		N/A		2.39	%	N/A		N/A

Net periodic benefit (credit) cost were determined using the following weighted average assumptions:


	Year Ended December 31, 2024						Year Ended December 31, 2023						Year Ended December 31, 2022
	Pension				Post-Retirement		Pension				Post-Retirement		Pension				Post-Retirement
	Domestic		International		Domestic		Domestic		International		Domestic		Domestic		International		Domestic

Discount rate	5.36	%	4.06	%	5.11	%	5.48	%	4.13	%	5.46	%	3.28	%	1.67	%	2.61	%
Expected return on plan assets	5.22	%	4.06	%	N/A		4.48	%	4.12	%	N/A		2.80	%	1.90	%	N/A
Rate of compensation increase	2.90	%	N/A		3.50	%	2.99	%	N/A		3.50	%	2.95	%	N/A		3.50	%
Cash balance interest credit rate	2.39	%	N/A		N/A		2.39	%	N/A		N/A		3.65	%	N/A		N/A

The assumed healthcare trend rates used to measure the expected cost of benefits for the post-retirement plan were as follows:


	December 31,
	2024		2023		2022

Initial level	6.50	%	6.00	%	6.25	%
Ultimate level	5.00	%	5.00	%	5.00	%
Years to ultimate level	6		4		5

Schedule of Fair Value Measurements

Fair value measurements for the international pension plan assets were as follows:


	December 31, 2024
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Cash and cash equivalents	$	6,384	$	—	$	—	$	6,384



Fixed income	—		—		332		332

Insurance annuity contracts	—		—		413,247		413,247
Total assets at fair value	$	6,384	$	—	$	413,579	$	419,963


	December 31, 2023
	Level 1		Level 2		Level 3		Total Fair Value Measurements
	(In thousands)
Cash and cash equivalents	$	8,199	$	—	$	—	$	8,199


Fixed income	—		—		399		399

Insurance annuity contracts	—		—		480,103		480,103
Total assets at fair value	$	8,199	$	—	$	480,502	$	488,701

Schedule of Changes in Fair Value of Plan Assets

The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):


	Year Ended December 31,
	2024		2023
	(In thousands)
Balance at January 1	$	480,502	$	460,278


Settlements	(18,899)		(17,378)
Change in fair value	(44,238)		12,915
Foreign currency translation	(3,786)		24,253
Other	—		434
Balance at December 31	$	413,579	$	480,502

Schedule of Expected Benefit Payments

The following benefit payments, which will primarily be made from funded plans internationally, are expected to be paid:


	Pension Benefits				Post-Retirement Benefits
	Domestic		International		Domestic
Year Ending December 31,	(In thousands)
2025	$	1,662	$	16,067	$	444
2026	303		16,886		415
2027	269		17,798		395
2028	439		18,669		378
2029	238		19,568		365
2030-2034	922		112,082		1,544
Net amount recognized, end of year	$	3,833	$	201,070	$	3,541

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Unvested RSUs Activity

Unvested RSUs outstanding at December 31, 2024 and changes during the period ended December 31, 2024 are as follows:


	RSUs
	Number of Shares	Weighted Average Grant Date Fair Value
	(Shares in thousands)
Unvested at January 1	1,822	$	82.28
Granted	351	51.29
Vested	(360)	74.45
Forfeited	(105)	74.27





Unvested at December 31	1,708	$	78.06

Schedule of Stock Options Outstanding

Stock options outstanding at December 31, 2024 and changes during the period ended December 31, 2024 are as follows:


	December 31, 2024
	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years	Aggregate Intrinsic Value
	(Shares and intrinsic value in thousands)
Options Outstanding at January 1	2,570	$	14.23
Granted	—	—
Exercised	(121)	13.74
Forfeited	—	—
Expired	—	—






Options Outstanding at December 31	2,449	$	14.25	0.9	$	70,756
Options exercisable	2,449	$	14.25	0.9	$	70,756

Schedule of Information for Stock Options Outstanding and Exercisable

The following table summarizes the information about stock options outstanding and exercisable at December 31, 2024:


	Options Outstanding				Options Exercisable
Range of Exercise Prices	Outstanding at December 31, 2024	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price		Exercisable at December 31, 2024	Weighted- Average Remaining Contractual Life in Years	Weighted- Average Exercise Price
	(Shares in thousands)
Less than $10.00	426	1.2	$	8.61	426	1.2	$	8.61
$10.01 to $15.00	552	0.3	13.71		552	0.3	13.71
$15.01 to $20.00	1,471	1.0	16.09		1,471	1.0	16.09






	2,449	0.9	$	14.25	2,449	0.9	$	14.25

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2024
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	New York, New York
Auditor Firm ID	42

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Goodwill and Indefinite-Lived Intangible Assets (Details) - USD ($)		3 Months Ended				12 Months Ended
	Oct. 01, 2023	Dec. 31, 2024	Sep. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Oct. 01, 2024	Mar. 31, 2024
Goodwill [Line Items]
Goodwill impairment						$ 0	$ 9,000,000	$ 112,753,000
Carrying amount of goodwill for which excess of fair value over carrying value is less than 20%		$ 0				0
Impairment charges on indefinite-lived intangible assets	$ 79,900,000		$ 7,600,000
Intangible assets with indefinite lives		513,113,000				513,113,000	$ 544,228,000
Carrying amount of indefinite-lived intangible assets for which excess of fair value over carrying value is less than 20%		$ 16,200,000				$ 16,200,000
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]						Amortization of intangibles
Discount Rate \| Indefinite-lived Intangible Assets \| Minimum
Goodwill [Line Items]
Indefinite-lived impairment measurement input (as a percent)		12.50%				12.50%	15.00%
Discount Rate \| Indefinite-lived Intangible Assets \| Maximum
Goodwill [Line Items]
Indefinite-lived impairment measurement input (as a percent)		14.50%				14.50%	17.00%
Discount Rate \| Trade names
Goodwill [Line Items]
Indefinite-lived impairment measurement input (as a percent)	15.50%	14.00%	16.00%			14.00%
Royalty Rate \| Indefinite-lived Intangible Assets \| Minimum
Goodwill [Line Items]
Measurement input (as a percent)		0.02				0.02	0.02
Royalty Rate \| Indefinite-lived Intangible Assets \| Maximum
Goodwill [Line Items]
Measurement input (as a percent)		0.08				0.08	0.08
Royalty Rate \| Trade names
Goodwill [Line Items]
Indefinite-lived impairment measurement input (as a percent)	6.00%	2.50%	8.00%			2.50%
Mosaic Group
Goodwill [Line Items]
Goodwill impairment			$ 9,000,000		$ 86,700,000
Mosaic Group \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)	16.00%
Roofing
Goodwill [Line Items]
Goodwill impairment				$ 26,000,000.0
Digital
Goodwill [Line Items]
Goodwill impairment							$ 0
Digital \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)	15.50%	14.50%				14.50%
Ads and Leads
Goodwill [Line Items]
Goodwill impairment							0
Ads and Leads \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)		13.00%				13.00%			12.50%
Services
Goodwill [Line Items]
Goodwill impairment							0
Services \| Trade names
Goodwill [Line Items]
Impairment charges on indefinite-lived intangible assets		$ 2,600,000
Services \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)		14.00%				14.00%			13.50%
International
Goodwill [Line Items]
Goodwill impairment							0
International \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)		15.00%				15.00%
Care.com
Goodwill [Line Items]
Goodwill impairment							0
Care.com \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)	16.00%	14.50%				14.50%			14.00%
Vivian Health \| Discount Rate
Goodwill [Line Items]
Goodwill measurement input (as a percent)		23.00%				23.00%
Dotdash Meredith
Goodwill [Line Items]
Goodwill impairment							$ 0
Intangible assets with indefinite lives										$ 20,700,000

SEGMENT INFORMATION - Summary of Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Non-cash lease expense (including right-of-use asset impairments)			$ 7,200	$ 48,900	$ 2,300
Charges Incurred					80,200
Transaction-related costs					7,100
Meredith Corporation
Segment Reporting Information [Line Items]
Non-cash lease expense (including right-of-use asset impairments)	$ 44,700	$ 14,300		44,700	14,300
Dotdash Meredith
Segment Reporting Information [Line Items]
Charges Incurred			130	3,674
Operating Segments
Segment Reporting Information [Line Items]
Adjusted EBITDA			467,431	427,357	279,071
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Adjusted EBITDA			295,420	222,757	152,149
Non-cash lease expense (including right-of-use asset impairments)				44,700
Transaction-related costs					1,400
Operating Segments \| Dotdash Meredith \| Meredith Corporation
Segment Reporting Information [Line Items]
Charges Incurred					32,200
Transaction-related costs					1,100
Operating Segments \| Digital
Segment Reporting Information [Line Items]
Adjusted EBITDA			289,393	242,969	186,696
Charges Incurred			0	1,371
Operating Segments \| Print
Segment Reporting Information [Line Items]
Adjusted EBITDA			53,793	64,226	31,135
Charges Incurred			94	1,625	33,400
Operating Segments \| Angi
Segment Reporting Information [Line Items]
Adjusted EBITDA			145,315	118,478	66,479
Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Adjusted EBITDA			180,334	147,357	168,952
Operating Segments \| Services
Segment Reporting Information [Line Items]
Adjusted EBITDA			4,469	8,123	(52,126)
Operating Segments \| International
Segment Reporting Information [Line Items]
Adjusted EBITDA			15,953	13,074	(481)
Operating Segments \| Care.com
Segment Reporting Information [Line Items]
Adjusted EBITDA			45,181	56,205	46,899
Operating Segments \| Search
Segment Reporting Information [Line Items]
Adjusted EBITDA			17,510	44,283	83,486
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Adjusted EBITDA			(35,995)	(14,366)	(69,942)
Operating Segments \| Domestic
Segment Reporting Information [Line Items]
Adjusted EBITDA			129,362	105,404	66,960
Other
Segment Reporting Information [Line Items]
Adjusted EBITDA			(87,742)	(90,873)	(79,521)
Other \| Dotdash Meredith
Segment Reporting Information [Line Items]
Adjusted EBITDA			(47,766)	(84,438)	(65,682)
Charges Incurred			36	678	7,600
Transaction-related costs					4,700
Other \| Domestic
Segment Reporting Information [Line Items]
Adjusted EBITDA			$ (55,441)	$ (50,076)	$ (49,866)

PENSION AND POST-RETIREMENT BENEFIT PLANS - Net Periodic Benefit (Credit) Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Actuarial (gain) loss recognition	$ (6,000)	$ (1,700)	$ 213,400
United States \| Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	202	211	3,562
Interest cost	1,816	3,140	4,372
Expected return on plan assets	(1,293)	(1,881)	(2,748)
Actuarial (gain) loss recognition	(6,887)	(932)	8,154
Settlement	0	0	(918)
Curtailment gain	(399)	0	(3,060)
Net periodic benefit (credit) cost	(6,561)	538	9,362
United States \| Post-Retirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	1	4	7
Interest cost	206	231	262
Expected return on plan assets	0	0	0
Actuarial (gain) loss recognition	(370)	(496)	(3,717)
Settlement	0	0	(3,037)
Curtailment gain	0	0	0
Net periodic benefit (credit) cost	(163)	(261)	(6,485)
International \| Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0
Interest cost	19,288	19,610	15,014
Expected return on plan assets	(19,289)	(19,586)	(16,857)
Actuarial (gain) loss recognition	1,272	(225)	208,957
Settlement	0	0	0
Curtailment gain	0	0	0
Net periodic benefit (credit) cost	$ 1,271	$ (201)	$ 207,114

INCOME TAXES - Income before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S.	$ (719,791)	$ 353,188	$ (1,320,332)
Foreign	27,392	13,947	(205,904)
(Loss) earnings from continuing operations before income taxes	$ (692,399)	$ 367,135	$ (1,526,236)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-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 2: 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 3: http://www.xbrl.org/2009/role/commonPracticeRef
-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 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-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 6: http://www.xbrl.org/2009/role/commonPracticeRef
-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 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-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 10: 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 11: 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(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 12: 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(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets with Definite Lives (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Intangible assets with definite lives
Gross Carrying Amount	$ 960,792	$ 967,122
Accumulated Amortization	(751,770)	(636,645)
Total	$ 209,022	$ 330,477
Weighted-Average Useful Life	5 years 1 month 6 days	5 years 1 month 6 days
Advertiser relationships
Intangible assets with definite lives
Gross Carrying Amount	$ 297,000	$ 297,000
Accumulated Amortization	(211,694)	(154,819)
Total	$ 85,306	$ 142,181
Weighted-Average Useful Life	5 years	5 years
Technology
Intangible assets with definite lives
Gross Carrying Amount	$ 174,052	$ 198,344
Accumulated Amortization	(174,052)	(196,816)
Total	$ 0	$ 1,528
Weighted-Average Useful Life	3 years 8 months 12 days	3 years 6 months
Licensee relationships
Intangible assets with definite lives
Gross Carrying Amount	$ 171,000	$ 171,000
Accumulated Amortization	(123,115)	(85,496)
Total	$ 47,885	$ 85,504
Weighted-Average Useful Life	4 years 10 months 24 days	4 years 10 months 24 days
Trade names
Intangible assets with definite lives
Gross Carrying Amount	$ 139,419	$ 120,759
Accumulated Amortization	(78,940)	(55,541)
Total	$ 60,479	$ 65,218
Weighted-Average Useful Life	8 years 3 months 18 days	9 years 2 months 12 days
Content
Intangible assets with definite lives
Gross Carrying Amount	$ 104,939	$ 104,939
Accumulated Amortization	(104,939)	(88,845)
Total	$ 0	$ 16,094
Weighted-Average Useful Life	2 years 10 months 24 days	2 years 10 months 24 days
Customer lists and user base
Intangible assets with definite lives
Gross Carrying Amount	$ 68,084	$ 68,661
Accumulated Amortization	(52,732)	(48,721)
Total	$ 15,352	$ 19,940
Weighted-Average Useful Life	6 years 4 months 24 days	6 years 4 months 24 days
Professional relationships
Intangible assets with definite lives
Gross Carrying Amount	$ 6,298	$ 6,419
Accumulated Amortization	(6,298)	(6,407)
Total	$ 0	$ 12
Weighted-Average Useful Life	2 years 8 months 12 days	2 years 8 months 12 days

SUBSEQUENT EVENT	12 Months Ended
SUBSEQUENT EVENT	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENT	SUBSEQUENT EVENT As described in the IAC Restricted Common Stock section of Note 10—Stock-Based Compensation, on January 13, 2025, the Company and Mr. Levin entered the Agreement pursuant to which the Employment Agreement and the Amended and Restated RSA Agreement were terminated, except as provided in Section 6 of the RSA Agreement. See "Note 10—Stock-Based Compensation" for a discussion of the impact the Agreement has on stock-based compensation expense. Pursuant to the Agreement, Mr. Levin will continue to serve as IAC’s CEO until the earlier of the completion of the spin-off of Angi or May 31, 2025. Mr. Levin received additional separation benefits pursuant to the Agreement totaling $18.0 million payable over six years for advisory services. The Company will record an estimated $14.5 million of expense, which reflects a discount of $3.5 million given the amount is payable over six years. The cash payable to Mr. Levin, will be expensed over the period from January 13, 2025 to the date of the completion of the Distribution or May 31, 2025, whichever is earlier.

LONG-TERM DEBT

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

LONG-TERM DEBT

Long-term debt consists of:


	December 31,
	2024		2023
	(In thousands)
Dotdash Meredith Debt
Dotdash Meredith Term Loan A due December 1, 2026	$	297,500	$	315,000
Dotdash Meredith Term Loan B-1 due December 1, 2028	1,182,500		—
Dotdash Meredith Term Loan B due December 1, 2028	—		1,225,000
Total Dotdash Meredith long-term debt	1,480,000		1,540,000
Less: current portion of Dotdash Meredith long-term debt	35,000		30,000
Less: original issue discount	3,512		4,470
Less: unamortized debt issuance costs	6,481		8,423
Total Dotdash Meredith long-term debt, net	1,435,007		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	3,160		3,953
Total ANGI Group long-term debt, net	496,840		496,047

Total long-term debt, net	$	1,931,847	$	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 provided 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 (iii) a five-year $150 million revolving credit facility (“Dotdash Meredith Revolving Facility”). On November 26, 2024, Dotdash Meredith entered into the Amended Dotdash Meredith Credit Agreement, which governs both the existing Dotdash Meredith Term Loan A and the Dotdash Meredith Revolving Facility, and replaced $1.18 billion of then outstanding Dotdash Meredith Term Loan B principal with an equal amount of Dotdash Meredith Term Loan B-1 (together with Dotdash Meredith Term Loan A, these loans are collectively referred to as “Dotdash Meredith Term Loans”).

Dotdash Meredith Term Loan A bears interest at an Adjusted Term SOFR, as defined in the Amended Dotdash Meredith Credit Agreement, plus an applicable margin depending on Dotdash Meredith's most recently reported consolidated net leverage ratio, as defined in the Amended Dotdash Meredith Credit Agreement. The adjustment to the secured overnight financing rate is fixed at 0.10% for Dotdash Meredith Term Loan A. At December 31, 2024 and 2023, Dotdash Meredith Term Loan A bore interest at Adjusted Term SOFR plus 2.25%, or 6.94% and 7.69%, respectively. Prior to the effectiveness of the Amended Dotdash Meredith Credit Agreement, Dotdash Meredith Term Loan B bore an interest rate of Adjusted Term SOFR plus 4.00%, plus a varying adjustment of 0.10%, 0.15% or 0.25% based upon the duration of the borrowing period. The Amended Dotdash Meredith Credit Agreement reset the interest rate on Dotdash Meredith Term Loan B-1 to Adjusted Term SOFR plus 3.50% and removed the varying adjustment. At December 31, 2024, Dotdash Meredith Term Loan B-1 bore interest at Adjusted Term SOFR, subject to a minimum of 0.50%, plus 3.50%, or 8.05%. At December 31, 2023, Dotdash Meredith Term Loan B bore interest at Adjusted Term SOFR, subject to a minimum of 0.50%, plus 4.00%, or 9.44%. Interest payments are due at least quarterly through the respective maturity dates of the Dotdash Meredith Term Loans.

Immediately prior to the effectiveness of the Amended Dotdash Meredith Credit Agreement, the Company prepaid $30 million in aggregate principal of Dotdash Meredith Term Loan B. This prepayment and the reset of the interest rate of Dotdash Meredith Term Loan B-1 were evaluated on a creditor-by-creditor basis to determine whether the transaction should be accounted for as a modification or extinguishment of debt. As a result of this evaluation, a portion of the transaction was determined to be an extinguishment of debt and, therefore, the Company recorded a debt extinguishment loss of $0.3 million in the fourth quarter of 2024 to write off a pro-rata amount of unamortized issuance costs and original issue discount, and less than $0.1 million was capitalized as debt issuance costs. The extinguishment loss is recorded in “Interest expense” in the statement of operations. Third-party fees in connection with the Amended Dotdash Meredith Credit Agreement of $3.5 million are recorded in “Other income (expense), net” in the statement of operations.

The interest rate swaps entered into in March 2023, with a maturity date of April 1, 2027, synthetically converted $350 million of Dotdash Meredith Term Loan B and, following the effectiveness of the Amended Dotdash Meredith Credit Agreement, Dotdash Meredith Term Loan B-1, from a variable rate to a fixed rate. Following the effectiveness of the Amended Dotdash Meredith Credit Agreement, should Adjusted Term SOFR continue to equal or exceed 0.50%, then the fixed rate for Dotdash Meredith Term Loan B-1 will be approximately 7.32% ((i) the weighted average fixed interest rate of approximately 3.82% on the interest rate swaps and (ii) the base rate of 3.50%). In the event Adjusted Term SOFR becomes less than 0.50%, then the interest rate swaps would be fixed in a range from approximately 7.32% to 7.42% as determined by the governing agreements. Prior to the effectiveness of the Amended Dotdash Meredith Credit Agreement, the fixed rate for Dotdash Meredith Term Loan B was approximately 7.92% ((i) the weighted average fixed interest rate of approximately 3.82% on the interest rate swaps, (ii) the base rate of 4.00% and (iii) the adjustment to the secured overnight financing rate of 0.10%).

The interest rate swaps are expected to be highly effective. See “Note 8—Accumulated Other Comprehensive (Loss) Income” for the net unrealized gains and losses before reclassifications in “Accumulated other comprehensive loss” and realized gains reclassified into “Interest expense” for the years ended December 31, 2024 and 2023. At December 31, 2024, approximately $1.1 million is expected to be reclassified into interest expense within the next twelve months as net realized gains.

Dotdash Meredith Term Loan A requires quarterly principal payments of approximately $8.8 million through December 31, 2025 and approximately $13.1 million thereafter through maturity. Prior to the effectiveness of the Amended Dotdash Meredith Credit Agreement, Dotdash Meredith Term Loan B required quarterly payments of $3.1 million. Following the effectiveness of the Amended Dotdash Meredith Credit Agreement, Dotdash Meredith Term Loan B-1 now requires quarterly payments of $3.0 million commencing March 31, 2026 through maturity. Dotdash Meredith Term Loan B and Dotdash Meredith Term Loan B-1 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 certain thresholds as defined in the Dotdash Meredith Credit Agreement and Amended Dotdash Meredith Credit Agreement, respectively. No such payment is currently expected related to the period ended December 31, 2024 and 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 both December 31, 2024 and 2023. The annual commitment fee on undrawn funds is based on the most recently reported Dotdash Meredith's consolidated net leverage ratio, as defined in the governing agreements, was 40 basis points at both December 31, 2024 and 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, subject to certain exemptions and increases for qualifying material acquisitions, Dotdash Meredith will not permit the consolidated net leverage ratio as of the last day of such quarter to exceed 5.5 to 1.0, all as defined in the governing agreements. This ratio was not exceeded for both test periods ended December 31, 2024 and 2023. The Amended Dotdash Meredith Credit Agreement also contains covenants, which are consistent with the Dotdash Meredith Credit Agreement, 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 governing agreements. Dotdash Meredith did not exceed this ratio for the test period ended December 31, 2024, but this ratio was exceeded for the test period ended December 31, 2023.

The Dotdash Meredith Credit Agreement and the Amended Dotdash Meredith Credit Agreement permit 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 governing agreements. 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, however, absent these contributions, Dotdash Meredith's consolidated net leverage ratio would not have exceeded 5.5 to 1.0 for the years ended December 31, 2024 or 2023. During the year ended December 31, 2024, the Company contributed $125 million to Dotdash Meredith, following which Dotdash Meredith distributed $230 million back to the Company, including $105 million in January 2024 related to the Company's contribution in December 2023. The contributions ceased in September 2024, which Dotdash Meredith distributed back to the Company in October 2024 and, therefore, there are no contributions or distributions outstanding as of December 31, 2024. During the year ended December 31, 2023, the Company contributed $510 million to Dotdash Meredith, following which Dotdash Meredith distributed $405 million back to the Company.

The obligations under the Amended 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, issued the ANGI Group Senior Notes on August 20, 2020. These notes may be redeemed at the redemption prices set forth below, plus accrued and unpaid interest thereon, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:


Year	Percentage
2024	100.969	%
2025 and thereafter	100.000	%

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 December 31, 2024 and 2023, there were no limitations pursuant thereto.

Long-term Debt Maturities:

Long-term debt maturities at December 31, 2024 are summarized in the table below:


Year Ending December 31,	(In thousands)
2025	$	35,000
2026	274,325
2027	11,825
2028	1,658,850


Total	1,980,000
Less: current portion of long-term debt	35,000
Less: unamortized original issue discount	3,512
Less: unamortized debt issuance costs	9,641
Total long-term debt, net	$	1,931,847

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 3,807,233	$ 4,365,235	$ 5,235,280
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	1,777,229	1,694,893	1,934,699
Operating Segments \| Digital
Segment Reporting Information [Line Items]
Revenue	1,004,417	892,426	931,482
Operating Segments \| Digital \| Advertising revenue
Segment Reporting Information [Line Items]
Revenue	643,725	560,786	621,714
Operating Segments \| Digital \| Performance marketing revenue
Segment Reporting Information [Line Items]
Revenue	243,895	231,087	198,441
Operating Segments \| Digital \| Licensing and other revenue
Segment Reporting Information [Line Items]
Revenue	116,797	100,553	111,327
Operating Segments \| Print
Segment Reporting Information [Line Items]
Revenue	794,045	823,456	1,026,128
Operating Segments \| Print \| Performance marketing revenue
Segment Reporting Information [Line Items]
Revenue	34,891	45,219	55,484
Operating Segments \| Print \| Subscription revenue
Segment Reporting Information [Line Items]
Revenue	327,079	329,357	422,700
Operating Segments \| Print \| Advertising revenue
Segment Reporting Information [Line Items]
Revenue	174,889	203,210	260,282
Operating Segments \| Print \| Project and other revenue
Segment Reporting Information [Line Items]
Revenue	155,090	128,354	154,807
Operating Segments \| Print \| Newsstand revenue
Segment Reporting Information [Line Items]
Revenue	102,096	117,316	132,855
Operating Segments \| Angi
Segment Reporting Information [Line Items]
Revenue	1,185,112	1,358,748	1,764,355
Operating Segments \| Domestic
Segment Reporting Information [Line Items]
Revenue	1,056,122	1,242,941	1,663,317
Operating Segments \| Ads and Leads
Segment Reporting Information [Line Items]
Revenue	962,601	1,124,908	1,282,061
Operating Segments \| Ads and Leads \| Total Ads and Leads revenue
Segment Reporting Information [Line Items]
Revenue	962,601	1,124,908	1,282,061
Operating Segments \| Ads and Leads \| Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue	606,560	781,089	954,735
Operating Segments \| Ads and Leads \| Advertising revenue
Segment Reporting Information [Line Items]
Revenue	312,281	290,799	265,466
Operating Segments \| Ads and Leads \| Membership subscription revenue
Segment Reporting Information [Line Items]
Revenue	43,076	52,305	60,411
Operating Segments \| Ads and Leads \| Other revenue
Segment Reporting Information [Line Items]
Revenue	684	715	1,449
Operating Segments \| Services
Segment Reporting Information [Line Items]
Revenue	93,521	118,033	381,256
Operating Segments \| International
Segment Reporting Information [Line Items]
Revenue	128,990	115,807	101,038
Operating Segments \| International \| Consumer connection revenue
Segment Reporting Information [Line Items]
Revenue	106,324	92,635	71,851
Operating Segments \| International \| Membership subscription revenue
Segment Reporting Information [Line Items]
Revenue	21,709	22,548	28,192
Operating Segments \| International \| Advertising and other revenue
Segment Reporting Information [Line Items]
Revenue	957	624	995
Operating Segments \| Care.com
Segment Reporting Information [Line Items]
Revenue	369,620	375,039	362,570
Operating Segments \| Care.com \| Consumer revenue
Segment Reporting Information [Line Items]
Revenue	191,274	210,455	217,691
Operating Segments \| Care.com \| Enterprise revenue
Segment Reporting Information [Line Items]
Revenue	178,346	164,584	144,879
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	387,699	629,038	731,431
Operating Segments \| Search \| Advertising revenue
Segment Reporting Information [Line Items]
Revenue	386,250	626,549	726,422
Operating Segments \| Search \| Google advertising revenue
Segment Reporting Information [Line Items]
Revenue	376,970	582,481	525,987
Operating Segments \| Search \| Non-Google advertising revenue
Segment Reporting Information [Line Items]
Revenue	9,280	44,068	200,435
Operating Segments \| Search \| Other revenue
Segment Reporting Information [Line Items]
Revenue	1,449	2,489	5,009
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	89,028	320,018	460,895
Operating Segments \| Emerging & Other \| Advertising revenue
Segment Reporting Information [Line Items]
Revenue	8,322	13,514	18,249
Operating Segments \| Emerging & Other \| Google advertising revenue
Segment Reporting Information [Line Items]
Revenue	955	946	2,192
Operating Segments \| Emerging & Other \| Non-Google advertising revenue
Segment Reporting Information [Line Items]
Revenue	7,367	12,568	16,057
Operating Segments \| Emerging & Other \| Subscription revenue
Segment Reporting Information [Line Items]
Revenue	52,207	180,940	196,965
Operating Segments \| Emerging & Other \| Marketplace revenue
Segment Reporting Information [Line Items]
Revenue	11,509	14,172	70,180
Operating Segments \| Emerging & Other \| Media production and distribution revenue
Segment Reporting Information [Line Items]
Revenue	7,819	15,847	31,555
Operating Segments \| Emerging & Other \| Roofing revenue
Segment Reporting Information [Line Items]
Revenue	0	90,557	137,509
Operating Segments \| Emerging & Other \| Service and other
Segment Reporting Information [Line Items]
Revenue	9,171	4,988	6,437
Intersegment eliminations
Segment Reporting Information [Line Items]
Revenue	(1,455)	(12,501)	(18,670)
Intersegment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	$ (21,233)	$ (20,989)	$ (22,911)

LONG-TERM DEBT - Debt Instrument Redemption (Details) - Senior Notes - ANGI 3.875% Senior Notes	Aug. 20, 2020
2024
Debt Instrument [Line Items]
Redemption rate (as a percent)	100.969%
2025 and thereafter
Debt Instrument [Line Items]
Redemption rate (as a percent)	100.00%

- 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/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-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 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 5: 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 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 7: 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 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 26: 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 27: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482900/835-30-50-1

+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Accounting Estimates

General Revenue Recognition

The Company's disaggregated revenue disclosures are presented in “Note 9—Segment Information.”

Transaction Price

Arrangements with Multiple Performance Obligations

Practical Expedients and Exemptions

The Company also applies the practical expedient to expense sales commissions as incurred where the anticipated customer relationship period is one year or less as noted below.

Costs to Obtain a Contract with a Customer

Commissions Paid to Employees Pursuant to Sales Incentive Programs

App Store Fees

Summary of Costs to Obtain a Contract with a Customer

The following table presents the capitalized costs to obtain a contract with a customer at December 31, 2024 and 2023:


	December 31,
	2024				2023
	Sales Commissions		App Store Fees		Total		Sales Commissions		App Store Fees		Total
	(In thousands)
Current	$	26,302	$	865	$	27,167	$	36,589	$	7,835	$	44,424
Non-current	3,606		—		3,606		6,058		—		6,058
Total	$	29,908	$	865	$	30,773	$	42,647	$	7,835	$	50,482

The current and non-current capitalized costs to obtain a contract with a customer are included in “Other current assets” and “Other non-current assets,” respectively, in the balance sheet.

Commissions Paid to Third-Party Agents for the Sales of Magazine Subscriptions

Dotdash Meredith

Digital

Advertising

Performance Marketing

Licensing and Other

Subscription

Advertising

Project and Other

Newsstand

Performance Marketing

Angi

Ads and Leads

Services

International

International revenue primarily comprises consumer connection revenue for matches between consumers and professionals and membership subscription revenue from professionals.

Care.com

Emerging & Other

Revenue of IAC Films is generated primarily through media production and distribution and recognized when control is transferred to the customer to broadcast or exhibit.

Accounts Receivable, Net of the Allowance for Credit Losses

Deferred Revenue

Cash and Cash Equivalents

Accounting for Investments in Marketable Debt Securities

Certain Risks and Concentrations

Services Agreement with Google

For the years ended December 31, 2024, 2023 and 2022, total revenue earned from Google was $503.5 million, $715.0 million and $701.5 million, respectively, representing 13%, 16% and 13%, respectively, of the Company's revenue. The related accounts receivable totaled $43.7 million and $52.2 million at December 31, 2024 and 2023, respectively. The revenue attributable to the Services Agreement is earned at Search and, for the years ended December 31, 2024, 2023 and 2022, was $375.4 million, $574.3 million and $514.8 million, respectively, representing 10%, 13% and 10%, respectively, of the Company's total revenue.

Equity Price Risk

Interest Rate Risk

Credit Risk

Other Risks

The Company is subject to certain risks and concentrations including dependence on third-party technology providers and exposure to risks associated with online commerce security.

Buildings, Land, Capitalized Software, Equipment and Leasehold Improvements


Asset Category			Estimated Useful Lives
Buildings			5 to 39 Years
Capitalized software			2 to 3 Years
Equipment (including furniture)			3 to 12 Years
Leasehold improvements			1 to 11 Years

Business Combinations

Goodwill and Indefinite-Lived Intangible Assets

There is no goodwill for which the most recent estimate of the excess of fair value over carrying value is less than 20%.

The impairment of indefinite-lived intangible assets are included in “Amortization of intangibles” in the statement of operations.

Long-Lived Assets

Accounting for Investments in Equity Securities

Fair Value Measurements

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

Assets measured at fair value on a nonrecurring basis

Advertising Costs

Legal Costs

Legal costs, other than certain costs incurred to obtain financing, which are generally capitalized, are expensed as incurred.

Interest Rate Swaps

Original Issue Discount, Debt Issuance Costs and Deferred Financing Costs

Income Taxes

Pensions and Post-Retirement Benefits

See “Note 11—Pension and Post-Retirement Benefit Plans” for additional information.

Earnings Per Share

Foreign Currency Translation and Transaction Gains and Losses

Translation gains and losses relating to foreign entities that are liquidated or substantially liquidated are reclassified out of accumulated other comprehensive (loss) income into earnings. During the years ended December 31, 2024 and 2022, losses of $1.4 million and less than $0.1 million, respectively, were reclassified into earnings and included in “Other income (expense), net” in the statement of operations. During the year ended December 31, 2023, no gains or losses were reclassified into earnings.

Stock-Based Compensation

Stock-based compensation is measured at the grant date based on the fair value of the award and is generally expensed over the requisite service period. See “Note 10—Stock-Based Compensation” for a discussion of the Company's stock-based compensation plans.

Redeemable Noncontrolling Interests

Recent Accounting Pronouncements

Recent Accounting Pronouncements Adopted by the Company

Accounting Standards Update (“ASU”) No. 2023-07—Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures

Recent Accounting Pronouncements Not Yet Adopted by the Company

ASU No. 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures

ASU No. 2024-03—Income Statement-Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)—Disaggregation of Income Statement Expenses

Reclassifications

Certain prior year amounts have been reclassified to conform to the current year presentation.

FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 1,798,170	$ 1,297,445	$ 1,417,390	$ 2,118,730
Restricted cash included in other current assets	8,974	8,539	1,165	1,941
Restricted cash included in other non-current assets	111	257	7,514	1,193
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$ 1,807,255	$ 1,306,241	$ 1,426,069	$ 2,121,864

(LOSS) EARNINGS PER SHARE

12 Months Ended

Dec. 31, 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 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 CEO on November 5, 2020 is a participating security. On January 13, 2025, the restricted stock award was forfeited by Mr. Levin pursuant to the Agreement between Mr. Levin and the Company. For all periods presented in these financial statements, the Company calculated basic EPS using the two-class method since those restricted shares were unvested and had a non-forfeitable dividend right in the event the Company declared a cash dividend on its common shares and would have participated 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 stock-based 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:


	Year Ended December 31,
	2024		2023		2022
	(In thousands, except per share data)
Basic EPS:
Numerator:
Net (loss) earnings from continuing operations	$	(533,330)	$	258,317	$	(1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)		7,625		22,285
Net earnings attributed to unvested participating security	—		(9,216)		—
Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)		256,726		(1,172,864)

Earnings from discontinued operations, net of taxes	—		—		2,694
Net earnings attributable to noncontrolling interests of discontinued operations	—		—		—
Net earnings attributed to unvested participating security	—		—		—
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	—		—		2,694

Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(539,897)	$	256,726	$	(1,170,170)

Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,130		83,569		86,350

(Loss) Earnings per share:
(Loss) earnings per share from continuing operations attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	3.07	$	(13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders	—		—		0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	3.07	$	(13.55)


	Year Ended December 31,
	2024		2023		2022
	(In thousands, except per share data)
Diluted EPS:
Numerator:
Net (loss) earnings from continuing operations	$	(533,330)	$	258,317	$	(1,195,149)
Net (earnings) loss attributable to noncontrolling interests of continuing operations	(6,567)		7,625		22,285
Net earnings attributed to unvested participating security	—		(8,918)		—

Net (loss) earnings from continuing operations attributable to IAC common stock and Class B common stock shareholders	(539,897)		257,024		(1,172,864)

Earnings from discontinued operations, net of taxes	—		—		2,694
Net earnings attributable to noncontrolling interests of discontinued operations	—		—		—
Net earnings attributed to unvested participating security	—		—		—
Net earnings from discontinued operations attributable to IAC common stock and Class B common stock shareholders	—		—		2,694

Net (loss) earnings attributable to IAC common stock and Class B common stock shareholders	$	(539,897)	$	257,024	$	(1,170,170)


Denominator:
Weighted average basic IAC common stock and Class B common stock shares outstanding(a)	83,130		83,569		86,350
Dilutive securities(b)(c)(d)	—		2,895		—
Denominator for earnings per share—weighted average shares(b)(c)(d)	83,130		86,464		86,350

(Loss) earnings per share:
(Loss) earnings per share from continuing operations attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	2.97	$	(13.58)
Earnings per share from discontinued operations, net of tax, attributable to IAC common stock and Class B common stock shareholders	—		—		0.03
(Loss) earnings per share attributable to IAC common stock and Class B common stock shareholders	$	(6.49)	$	2.97	$	(13.55)

_____________________

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Capitalized Costs to Obtain a Contract with a Customer

The following table presents the capitalized costs to obtain a contract with a customer at December 31, 2024 and 2023:


	December 31,
	2024				2023
	Sales Commissions		App Store Fees		Total		Sales Commissions		App Store Fees		Total
	(In thousands)
Current	$	26,302	$	865	$	27,167	$	36,589	$	7,835	$	44,424
Non-current	3,606		—		3,606		6,058		—		6,058
Total	$	29,908	$	865	$	30,773	$	42,647	$	7,835	$	50,482

Schedule of Estimated Useful Lives of Property and Equipment


Asset Category			Estimated Useful Lives
Buildings			5 to 39 Years
Capitalized software			2 to 3 Years
Equipment (including furniture)			3 to 12 Years
Leasehold improvements			1 to 11 Years


	December 31,
	2024		2023
	(In thousands)
Capitalized software	$	291,165	$	299,763
Buildings	165,700		160,567
Equipment (including furniture)	136,881		160,991
Leasehold improvements	92,324		108,273
Land	86,045		86,032
Projects in progress	40,187		13,911
Total gross carrying amount	812,302		829,537
Accumulated depreciation and amortization	(419,541)		(374,256)
Buildings, land, capitalized software, equipment and leasehold improvements, net	$	392,761	$	455,281

PENSION AND POST-RETIREMENT BENEFIT PLANS - Narrative (Details) £ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 GBP (£)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Defined Benefit Plan and Defined Contribution Plan Disclosures
Discretionary matching contribution		$ 0		$ 0	$ 0
IPC Plan
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contributions \| £			£ 5.7
IAC Retirement Savings Plan
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employee contribution limit per calendar year (up to) (as a percent of pre-tax earnings)		50.00%	50.00%
Employer contribution per dollar employee contributes up to contribution limit		100.00%	100.00%
Employer contribution limit per calendar year (as a percent of compensation)		10.00%	10.00%
IAC Retirement Savings Plan \| Angi Inc.
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution per dollar employee contributes up to contribution limit		50.00%	50.00%
Employer contribution limit per calendar year (as a percent of compensation)		3.00%	3.00%
Meredith Savings and investment Plan
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution per dollar employee contributes up to contribution limit		100.00%	100.00%
Employer contribution limit per calendar year (as a percent of compensation)		5.00%	5.00%
Defined contribution plan contributions					$ 10,400,000
Meredith Savings and investment Plan \| Eligible Employees \| First Contribution
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution per dollar employee contributes up to contribution limit					100.00%
Employer contribution limit per calendar year (as a percent of compensation)					4.00%
Meredith Savings and investment Plan \| Eligible Employees \| Second Contribution
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution per dollar employee contributes up to contribution limit					50.00%
Employer contribution limit per calendar year (as a percent of compensation)					1.00%
Meredith Savings and investment Plan \| Ineligible Employees
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution per dollar employee contributes up to contribution limit					100.00%
Employer contribution limit per calendar year (as a percent of compensation)					5.00%
Pension
Defined Benefit Plan and Defined Contribution Plan Disclosures
Remaining assets transferred from retirement assets plan		$ 16,000,000.0
Asset allocation amount	$ 2,300,000
United States
Defined Benefit Plan and Defined Contribution Plan Disclosures
Defined benefit plan, accumulated benefit obligation		3,600,000		56,100,000
United States \| IAC Retirement Savings Plan
Defined Benefit Plan and Defined Contribution Plan Disclosures
Employer contribution limit per calendar year, amount		10,000
Defined contribution plan contributions		36,600,000		36,100,000	$ 25,600,000
United States \| Pension
Defined Benefit Plan and Defined Contribution Plan Disclosures
Remaining assets transferred from retirement assets plan		15,968,000		0
Employer contributions		489,000		612,000
United States \| Post-Retirement
Defined Benefit Plan and Defined Contribution Plan Disclosures
Remaining assets transferred from retirement assets plan		0		0
Employer contributions		0		0
International
Defined Benefit Plan and Defined Contribution Plan Disclosures
Defined benefit plan, accumulated benefit obligation		420,600,000		488,300,000
International \| IAC Retirement Savings Plan
Defined Benefit Plan and Defined Contribution Plan Disclosures
Defined contribution plan contributions		1,500,000		1,400,000	$ 1,100,000
International \| Pension
Defined Benefit Plan and Defined Contribution Plan Disclosures
Remaining assets transferred from retirement assets plan		0		0
Employer contributions		$ 172,000		$ 163,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Redeemable Noncontrolling Interests
Noncontrolling Interest [Line Items]
Change in redemption value	$ (7.0)	$ 7.6	$ 24.2

DOTDASH MEREDITH RESTRUCTURING CHARGES, TRANSACTION-RELATED EXPENSES AND CHANGE-IN-CONTROL PAYMENTS - Allocation of Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Sep. 30, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring costs			$ (201)	$ (525)	$ 80,238
ROU assets, impairment charges			7,200	48,900	2,300
Impairment of leasehold improvements					7,000
Meredith Corporation
Restructuring Cost and Reserve [Line Items]
ROU assets, impairment charges	$ 44,700	$ 14,300		44,700	$ 14,300
Impairment of leasehold improvements	$ 25,300	$ 7,000
Cost of revenue
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]					Cost of revenue (exclusive of depreciation shown separately below)
Restructuring costs			(205)	744	$ 24,527
Selling and marketing expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]					Selling and marketing expense
Restructuring costs			(116)	(1,300)	$ 17,174
General and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]					General and administrative expense
Restructuring costs			126	(282)	$ 28,096
Product development expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]					Product development expense
Restructuring costs			(6)	313	$ 3,435
Depreciation
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]					Depreciation
Restructuring costs			$ 0	$ 0	$ 7,006

FINANCIAL STATEMENT DETAILS - Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Interest income	$ 86,495	$ 71,114	$ 24,916
Unrealized increase (decrease) in the estimated fair value of a warrant	20,393	2,832	(62,495)
Net realized gain (loss) on sales of businesses and investments and (downward) upward adjustments to the carrying value of equity securities without readily determinable fair values	10,373	(19,201)	59,299
Net periodic pension benefit credit (costs), other than the service cost component	5,656	139	(206,422)
Unrealized gain (loss) related to marketable equity securities	121	(145)	(20,342)
Dotdash Meredith Credit Agreement amendment fees	(3,453)	0	0
Foreign exchange (losses) gains, net	(2,588)	1,528	(8,503)
Other	(100)	7,595	(4,238)
Other income (expense), net	116,897	63,862	(217,785)
Upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values	(32,300)	(20,200)	(89,100)
Gain on sale of assets	29,200
Actuarial gain (loss) recognition	$ 6,000	$ 1,700	(213,400)
BlueCrew
Defined Benefit Plan Disclosure [Line Items]
Gain on sale of business			$ 132,200

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Certain Risks and Concentrations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Revenue	$ 3,807,233	$ 4,365,235	$ 5,235,280
Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Revenue	375,400	574,300	514,800
Google Inc. \| Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Revenue	$ 503,500	$ 715,000	$ 701,500
Concentration risk (as a percent)	13.00%	16.00%	13.00%
Google Inc. \| Accounts Receivable \| Customer Concentration Risk
Concentration Risk [Line Items]
Accounts receivable	$ 43,700	$ 52,200
Services Agreement \| Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk (as a percent)	10.00%	13.00%	10.00%

- Definition

+ References

+ Details

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current income tax provision:
Federal	$ 1,888	$ 1,474	$ 777
State	7,498	8,998	4,712
Foreign	12,582	9,554	1,182
Current income tax provision	21,968	20,026	6,671
Deferred income tax (benefit) provision:
Federal	(128,443)	79,941	(252,022)
State	(21,255)	9,153	(44,335)
Foreign	(31,339)	(302)	(41,401)
Deferred income tax (benefit) provision	(181,037)	88,792	(337,758)
Income tax (benefit) provision	$ (159,069)	$ 108,818	$ (331,087)

PENSION AND POST-RETIREMENT BENEFIT PLANS - Fair Value of Plan Assets (Details) - International - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	$ 419,963	$ 488,701
Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	6,384	8,199
Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	413,579	480,502
Cash and cash equivalents
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	6,384	8,199
Cash and cash equivalents \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	6,384	8,199
Cash and cash equivalents \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Cash and cash equivalents \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Fixed income
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	332	399
Fixed income \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Fixed income \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Fixed income \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	332	399
Insurance annuity contracts
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	413,247	480,103
Insurance annuity contracts \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Insurance annuity contracts \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	0	0
Insurance annuity contracts \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Total assets at fair value	$ 413,247	$ 480,103

- Definition

+ References + Details

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits
Balance at beginning of the period	$ 19,002	$ 16,013	$ 17,449
Additions for tax positions related to the current year	4,312	5,187	5,557
Settlements	0	(2,505)	(7,100)
Additions for tax positions of prior years	0	1,008	1,715
Reductions for tax positions of prior years	(252)	(701)	(1,608)
Expiration of statutes	(33)	0	0
Balance at end of the period	$ 23,029	$ 19,002	$ 16,013

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

LEASES - Operating Lease Liabilities Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
2025	$ 80,861
2026	76,224
2027	65,141
2028	61,116
2029	56,844
Thereafter	142,594
Total	482,780
Less: Interest	76,071
Present value of lease liabilities	406,709	$ 469,244
Minimum lease payments, leases not yet commenced	$ 7,700

STOCK-BASED COMPENSATION - Changes in Outstanding Stock Options (Details) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares
Shares
Balance at beginning of period (in shares) \| shares	2,570
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(121)
Forfeited (in shares) \| shares	0
Expired (in shares) \| shares	0
Balance at end of period (in shares) \| shares	2,449
Weighted Average Exercise Price
Balance at beginning of period (USD per share) \| $ / shares	$ 14.23
Granted (USD per share) \| $ / shares	0
Exercised (USD per share) \| $ / shares	(13.74)
Forfeited (USD per share) \| $ / shares	0
Expired (USD per share) \| $ / shares	0
Balance at end of period (USD per share) \| $ / shares	$ 14.25
Options Additional Disclosures
Remaining term at end of period	10 months 24 days
Options outstanding, aggregate intrinsic value \| $	$ 70,756
Options exercisable (in shares) \| shares	2,449
Options exercisable (USD per share) \| $ / shares	$ 14.25
Term of options exercisable	10 months 24 days
Options exercisable, aggregate intrinsic value \| $	$ 70,756

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities attributable to continuing operations:
Net (loss) earnings	$ (533,330)	$ 258,317	$ (1,192,455)
Less: Earnings from discontinued operations, net of tax	0	0	2,694
Net (loss) earnings from continuing operations	(533,330)	258,317	(1,195,149)
Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities attributable to continuing operations:
Unrealized loss (gain) on investment in MGM Resorts International	(649,178)	721,668	(723,515)
Amortization of intangibles	144,506	295,970	307,718
Depreciation	126,890	175,096	130,986
Stock-based compensation expense	112,523	117,181	123,476
Provision for credit losses	61,949	87,729	116,553
Non-cash lease expense (including right-of-use asset impairments)	54,050	101,695	70,922
Deferred income taxes	(181,037)	88,792	(337,758)
Unrealized (increase) decrease in the estimated fair value of a warrant	(20,393)	(2,832)	62,495
(Gains) losses on sales of businesses and investments in equity securities (including downward and upward adjustments), net	(10,493)	19,346	(38,956)
Pension and post-retirement benefit (credit) cost	(5,453)	76	209,991
Goodwill impairment	0	9,000	112,753
Other adjustments, net	(1,521)	(12,315)	17,963
Changes in assets and liabilities, net of effects of dispositions:
Accounts receivable	(51,783)	(37,296)	(66,706)
Other assets	103,861	11,281	8,920
Operating lease liabilities	(69,783)	(74,256)	(63,843)
Accounts payable and other liabilities	(9,333)	(120,259)	(247,912)
Income taxes payable and receivable	(2,780)	2,884	(6,739)
Deferred revenue	(12,533)	(9,213)	(11,020)
Net cash provided by (used in) operating activities attributable to continuing operations	354,518	189,528	(82,791)
Cash flows from investing activities attributable to continuing operations:
Capital expenditures	(65,506)	(141,364)	(139,753)
Net proceeds from sales of fixed assets	12,832	29,805	9,780
Proceeds from maturities of marketable debt securities	375,000	550,000	0
Purchases of marketable debt securities	(221,788)	(455,413)	(233,928)
Net proceeds from the sales of businesses and investments	177,163	11,861	90,767
Purchase of retirement investment fund	(15,968)	0	0
Proceeds from the sale of retirement investment fund	2,326	0	0
Net collections of notes receivable	11,834	11,297	19,497
Purchases of investments	(53)	(103,555)	(3,036)
Purchases of investment in MGM Resorts International	0	0	(244,256)
Other, net	985	9,902	6,121
Net cash provided by (used in) investing activities attributable to continuing operations	276,825	(87,467)	(494,808)
Cash flows from financing activities attributable to continuing operations:
Principal payments on Dotdash Meredith Term Loans	(67,964)	(30,000)	(30,000)
Proceeds from the issuance of Dotdash Meredith Term Loan B-1	7,964	0	0
Proceeds from the exercise of IAC stock options	0	130	0
Purchase of noncontrolling interests	(16,019)		(1,179)
Proceeds from the issuance of Vivian Health preferred shares, net of fees	0	0	34,700
Other, net	(1,921)	(8)	4,190
Net cash used in financing activities attributable to continuing operations	(129,099)	(223,013)	(112,651)
Total cash provided by (used in) continuing operations	502,244	(120,952)	(690,250)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(1,230)	1,124	(5,545)
Net increase (decrease) in cash and cash equivalents and restricted cash	501,014	(119,828)	(695,795)
Cash and cash equivalents and restricted cash at beginning of period	1,306,241	1,426,069	2,121,864
Cash and cash equivalents and restricted cash at end of period	1,807,255	1,306,241	1,426,069
IAC
Cash flows from financing activities attributable to continuing operations:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(14,976)	(10,587)	(18,068)
Purchases of treasury stock	0	(165,622)	(85,323)
Angi Inc.
Cash flows from financing activities attributable to continuing operations:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(7,578)	(5,994)	(8,827)
Purchases of treasury stock	$ (28,605)	$ (10,932)	$ (8,144)

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$ 6,755,003	$ 6,572,534	$ 7,748,960
Total other comprehensive (loss) income, net of income taxes	(877)	2,699	(18,776)
Balance at end of period	6,278,973	6,755,003	6,572,534
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(10,266)	(13,186)	4,397
Balance at end of period	(12,703)	(10,266)	(13,186)
Foreign Currency Translation Adjustment including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	(3,875)	2,915	(17,636)
Amounts reclassified to earnings	1,427	0	42
Total other comprehensive (loss) income, net of income taxes	(2,448)	2,915	(17,594)
Foreign Currency Translation Adjustment attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive (loss) income, net of income taxes	11	5	11
Unrealized (Losses) Gains On Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(696)	0
Balance at end of period	1,307	(696)	0
Tax provision (benefit) on accumulated other comprehensive loss	400	(200)
Unrealized (Losses) Gains On Interest Rate Swaps including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	6,785	2,958
Amounts reclassified to earnings	(4,782)	(3,654)
Total other comprehensive (loss) income, net of income taxes	2,003	(696)
Unrealized (Losses) Gains On Interest Rate Swaps attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive (loss) income, net of income taxes	0	0
Unrealized Gains (Losses) On Available-For-Sale Marketable Debt Securities
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	20	53	0
Balance at end of period	0	20	53
Tax provision (benefit) on accumulated other comprehensive loss		100	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	(20)	(33)	53
Amounts reclassified to earnings	0	0	0
Total other comprehensive (loss) income, net of income taxes	(20)	(33)	53
Unrealized Gains (Losses) on Available-for-Sale Debt Securities attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive (loss) income, net of income taxes	0	0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(10,942)	(13,133)	4,397
Balance at end of period	(11,396)	(10,942)	(13,133)
Accumulated Other Comprehensive Income (Loss) including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	2,890	5,840	(17,583)
Amounts reclassified to earnings	(3,355)	(3,654)	42
Total other comprehensive (loss) income, net of income taxes	(465)	2,186	(17,541)
Accumulated Other Comprehensive Income (Loss) attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive (loss) income, net of income taxes	$ 11	$ 5	$ 11

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Dec. 31, 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; 84,831 and 84,465 shares issued and 80,481 and 80,115 shares outstanding at December 31, 2024 and 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)	84,831,000	84,465,000
Common stock outstanding (in shares)	80,481,000	80,115,000
Class B Common Stock, $0.0001 par value
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

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents revenue by reportable segment:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Revenue
Dotdash Meredith
Digital	$	1,004,417	$	892,426	$	931,482
Print	794,045		823,456		1,026,128
Intersegment eliminations(a)	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith	1,777,229		1,694,893		1,934,699
Angi
Domestic:
Ads and Leads	962,601		1,124,908		1,282,061
Services	93,521		118,033		381,256
Total Domestic	1,056,122		1,242,941		1,663,317
International	128,990		115,807		101,038
Total Angi	1,185,112		1,358,748		1,764,355
Care.com	369,620		375,039		362,570
Search	387,699		629,038		731,431
Emerging & Other	89,028		320,018		460,895
Intersegment eliminations(b)	(1,455)		(12,501)		(18,670)
Total	$	3,807,233	$	4,365,235	$	5,235,280

_____________________

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

(b) Intersegment eliminations primarily relate to advertising sold by Dotdash Meredith to other IAC owned businesses and Ads and Leads revenue earned from sales to Roofing prior to its sale.

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


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Dotdash Meredith
Digital:
Advertising revenue	$	643,725	$	560,786	$	621,714
Performance marketing revenue	243,895		231,087		198,441
Licensing and other revenue	116,797		100,553		111,327
Total Digital revenue	1,004,417		892,426		931,482
Print:
Subscription revenue	327,079		329,357		422,700
Advertising revenue	174,889		203,210		260,282
Project and other revenue	155,090		128,354		154,807
Newsstand revenue	102,096		117,316		132,855
Performance marketing revenue	34,891		45,219		55,484
Total Print revenue	794,045		823,456		1,026,128
Intersegment eliminations(a)	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith revenue	$	1,777,229	$	1,694,893	$	1,934,699

Angi
Domestic:
Ads and Leads:
Consumer connection revenue	$	606,560	$	781,089	$	954,735
Advertising revenue	312,281		290,799		265,466
Membership subscription revenue	43,076		52,305		60,411
Other revenue	684		715		1,449
Total Ads and Leads revenue	962,601		1,124,908		1,282,061
Services revenue	93,521		118,033		381,256
Total Domestic revenue	1,056,122		1,242,941		1,663,317
International:
Consumer connection revenue	106,324		92,635		71,851
Membership subscription revenue	21,709		22,548		28,192
Advertising and other revenue	957		624		995
Total International revenue	128,990		115,807		101,038
Total Angi revenue	$	1,185,112	$	1,358,748	$	1,764,355

Care.com
Consumer revenue	$	191,274	$	210,455	$	217,691
Enterprise revenue	178,346		164,584		144,879
Total Care.com revenue	$	369,620	$	375,039	$	362,570

Search
Advertising revenue:
Google advertising revenue	$	376,970	$	582,481	$	525,987
Non-Google advertising revenue	9,280		44,068		200,435
Total advertising revenue	386,250		626,549		726,422
Other revenue	1,449		2,489		5,009
Total Search revenue	$	387,699	$	629,038	$	731,431

Emerging & Other
Subscription revenue	$	52,207	$	180,940	$	196,965
Marketplace revenue	11,509		14,172		70,180


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Media production and distribution revenue	7,819		15,847		31,555
Roofing revenue	—		90,557		137,509
Advertising revenue:
Non-Google advertising revenue	7,367		12,568		16,057
Google advertising revenue	955		946		2,192
Total advertising revenue	8,322		13,514		18,249
Service and other revenue	9,171		4,988		6,437
Total Emerging & Other revenue	$	89,028	$	320,018	$	460,895


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Segment Expenses:
Dotdash Meredith
Digital:
Cost of revenue	$	272,225	$	240,985	$	309,100
Selling and marketing expense	221,862		192,204		196,696
General and administrative expense	97,932		102,751		127,671
Product development expense	123,005		113,517		111,319
Total Digital expenses	715,024		649,457		744,786
Print:
Cost of revenue	389,089		415,354		527,858
Selling and marketing expense	290,709		280,302		402,564
General and administrative expense	49,898		52,335		54,082
Product development expense	10,556		11,239		10,489
Total Print expenses	740,252		759,230		994,993
Other:
Other(c)	47,766		84,438		65,682
Intersegment eliminations	(21,233)		(20,989)		(22,911)
Total Dotdash Meredith expenses(d)	$	1,481,809	$	1,472,136	$	1,782,550

Angi
Domestic(e):
Consumer marketing expense(f)	$	309,139	$	435,620	$	520,744
Professional acquisition expense(g)	233,645		274,209		296,374
Fixed expense(h)	206,687		212,837		226,030
Variable expense(i)	124,150		155,776		218,644
Cost of revenue(j)	53,139		59,095		334,565
Total Domestic expenses	926,760		1,137,537		1,596,357
International:
Fixed expense(h)	51,393		48,422		46,064
Other segment items(k)	61,644		54,311		55,455




Total International expenses	113,037		102,733		101,519
Total Angi expenses	$	1,039,797	$	1,240,270	$	1,697,876

Care.com
Cost of revenue	$	79,167	$	91,494	$	88,806
Selling and marketing expense	99,612		108,320		108,840
General and administrative expense	91,146		60,826		57,788
Product development expense	54,514		58,194		60,237
Total Care.com expenses	$	324,439	$	318,834	$	315,671

Search
Traffic acquisition costs and online marketing(l)	$	328,573	$	536,099	$	596,080
Other segment items(m)	41,616		48,656		51,865
Total Search expenses	$	370,189	$	584,755	$	647,945

_____________________

(e) Angi Domestic expenses are provided in total to the CODM rather than at the segment level.

(j) Cost of revenue consists primarily of (i) credit card processing fees, (ii) hosting fees and (iii) payments made to independent third-party professionals who perform work.

(k) Angi International other segment items include cost of revenue, consumer marketing expense, professional marketing expense, provision for credit losses and other operating expenses.

(m) Search other segment items include compensation expense, excluding stock-based compensation, and other operating expenses.

Schedule of Adjusted EBITDA

The following table presents a summary of Segment Adjusted EBITDA:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Segment Adjusted EBITDA:
Dotdash Meredith
Digital	$	289,393	$	242,969	$	186,696
Print	53,793		64,226		31,135
Other(c)	(47,766)		(84,438)		(65,682)
Total Dotdash Meredith(n)(o)	295,420		222,757		152,149
Angi
Domestic:
Ads and Leads	180,334		147,357		168,952
Services	4,469		8,123		(52,126)
Other(c)	(55,441)		(50,076)		(49,866)
Total Domestic	129,362		105,404		66,960
International	15,953		13,074		(481)
Total Angi	145,315		118,478		66,479
Care.com	45,181		56,205		46,899
Search	17,510		44,283		83,486
Emerging & Other	(35,995)		(14,366)		(69,942)
Total Segment Adjusted EBITDA	$	467,431	$	427,357	$	279,071

_____________________

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

The following table reconciles total Segment Adjusted EBITDA to (loss) earnings from continuing operations before income taxes:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Total Segment Adjusted EBITDA	$	467,431	$	427,357	$	279,071
Corporate Adjusted EBITDA loss	(87,742)		(90,873)		(79,521)
Stock-based compensation expense	(112,523)		(117,181)		(123,476)
Depreciation	(126,890)		(175,096)		(130,986)
Amortization of intangibles	(144,506)		(295,970)		(307,718)
Acquisition-related contingent consideration fair value adjustments	—		—		612
Goodwill impairment	—		(9,000)		(112,753)
Interest expense	(155,888)		(157,632)		(110,165)
Unrealized (loss) gain on investment in MGM Resorts International	(649,178)		721,668		(723,515)
Other income (expense), net	116,897		63,862		(217,785)
(Loss) earnings from continuing operations before income taxes	$	(692,399)	$	367,135	$	(1,526,236)

Schedule of Revenue and Long-lived Assets by Geographical Area

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


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Revenue:
United States	$	3,374,726	$	3,798,229	$	4,720,504
All other countries	432,507		567,006		514,776
Total	$	3,807,233	$	4,365,235	$	5,235,280


	December 31,
	2024		2023
	(In thousands)
Long-lived assets (excluding goodwill and intangible assets):
United States	$	639,898	$	743,914
All other countries	8,040		10,964
Total	$	647,938	$	754,878

Schedule of Capital Expenditures by Segment

The following table presents capital expenditures as viewed by the CODM:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
Capital expenditures:
Dotdash Meredith	$	14,293	$	10,370	$	12,885
Angi	50,492		47,780		115,479
Care.com	510		2,039		9,911
Search	—		—		17
Emerging & Other	—		7		1,071
Corporate	211		81,168		390
Total	$	65,506	$	141,364	$	139,753

LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt consists of:


	December 31,
	2024		2023
	(In thousands)
Dotdash Meredith Debt
Dotdash Meredith Term Loan A due December 1, 2026	$	297,500	$	315,000
Dotdash Meredith Term Loan B-1 due December 1, 2028	1,182,500		—
Dotdash Meredith Term Loan B due December 1, 2028	—		1,225,000
Total Dotdash Meredith long-term debt	1,480,000		1,540,000
Less: current portion of Dotdash Meredith long-term debt	35,000		30,000
Less: original issue discount	3,512		4,470
Less: unamortized debt issuance costs	6,481		8,423
Total Dotdash Meredith long-term debt, net	1,435,007		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	3,160		3,953
Total ANGI Group long-term debt, net	496,840		496,047

Total long-term debt, net	$	1,931,847	$	1,993,154

Schedule of Debt Instrument Redemption

These notes may be redeemed at the redemption prices set forth below, plus accrued and unpaid interest thereon, if any, to the applicable redemption date, if redeemed during the twelve-month period beginning on August 15 of the years indicated below:


Year	Percentage
2024	100.969	%
2025 and thereafter	100.000	%

Schedule of Aggregate Contractual Maturities of Long-term Debt

Long-term debt maturities at December 31, 2024 are summarized in the table below:


Year Ending December 31,	(In thousands)
2025	$	35,000
2026	274,325
2027	11,825
2028	1,658,850


Total	1,980,000
Less: current portion of long-term debt	35,000
Less: unamortized original issue discount	3,512
Less: unamortized debt issuance costs	9,641
Total long-term debt, net	$	1,931,847

- 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

PENSION AND POST-RETIREMENT BENEFIT PLANS - Amount Recognized in the Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
United States \| Pension
Defined Benefit Plan Disclosure [Line Items]
Other current assets	$ 0	$ 0
Other non-current assets	0	10,225
Accrued expenses and other current liabilities	(1,619)	(1,430)
Other long-term liabilities	(2,013)	(3,509)
Net amount recognized	(3,632)	5,286
United States \| Post-Retirement
Defined Benefit Plan Disclosure [Line Items]
Other current assets	0	0
Other non-current assets	0	0
Accrued expenses and other current liabilities	(432)	(433)
Other long-term liabilities	(3,610)	(3,815)
Net amount recognized	(4,042)	(4,248)
International \| Pension
Defined Benefit Plan Disclosure [Line Items]
Other current assets	3,275	4,850
Other non-current assets	0	0
Accrued expenses and other current liabilities	(186)	(4,418)
Other long-term liabilities	(3,752)	0
Net amount recognized	$ (663)	$ 432

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Capitalized Contract Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Capitalized Contract Cost [Line Items]
Current	$ 27,167	$ 44,424
Non-current	3,606	6,058
Total	30,773	50,482
Sales Commissions
Capitalized Contract Cost [Line Items]
Current	26,302	36,589
Non-current	3,606	6,058
Total	29,908	42,647
App Store Fees
Capitalized Contract Cost [Line Items]
Current	865	7,835
Non-current	0	0
Total	$ 865	$ 7,835

SEGMENT INFORMATION - Segment Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Cost of revenue	$ 1,059,990	$ 1,343,254	$ 1,933,705
Selling and marketing expense	1,338,732	1,576,229	1,914,878
General and administrative expense	817,658	891,958	991,983
Product development expense	323,687	334,491	318,028
Total operating costs and expenses	3,811,463	4,625,998	5,710,051
Dotdash Meredith
Segment Reporting Information [Line Items]
Total operating costs and expenses	1,481,809	1,472,136	1,782,550
Operating Segments \| Digital
Segment Reporting Information [Line Items]
Cost of revenue	272,225	240,985	309,100
Selling and marketing expense	221,862	192,204	196,696
General and administrative expense	97,932	102,751	127,671
Product development expense	123,005	113,517	111,319
Total operating costs and expenses	715,024	649,457	744,786
Operating Segments \| Print
Segment Reporting Information [Line Items]
Cost of revenue	389,089	415,354	527,858
Selling and marketing expense	290,709	280,302	402,564
General and administrative expense	49,898	52,335	54,082
Product development expense	10,556	11,239	10,489
Total operating costs and expenses	740,252	759,230	994,993
Operating Segments \| Angi
Segment Reporting Information [Line Items]
Total operating costs and expenses	1,039,797	1,240,270	1,697,876
Operating Segments \| Domestic
Segment Reporting Information [Line Items]
Cost of revenue	53,139	59,095	334,565
Consumer marketing expense	309,139	435,620	520,744
Professional acquisition expense	233,645	274,209	296,374
Fixed expense	206,687	212,837	226,030
Variable expense	124,150	155,776	218,644
Total operating costs and expenses	926,760	1,137,537	1,596,357
Operating Segments \| International
Segment Reporting Information [Line Items]
Fixed expense	51,393	48,422	46,064
Other segment items	61,644	54,311	55,455
Total operating costs and expenses	113,037	102,733	101,519
Operating Segments \| Care.com
Segment Reporting Information [Line Items]
Cost of revenue	79,167	91,494	88,806
Selling and marketing expense	99,612	108,320	108,840
General and administrative expense	91,146	60,826	57,788
Product development expense	54,514	58,194	60,237
Total operating costs and expenses	324,439	318,834	315,671
Operating Segments \| Search
Segment Reporting Information [Line Items]
Traffic acquisition costs and online marketing	328,573	536,099	596,080
Other segment items	41,616	48,656	51,865
Total operating costs and expenses	370,189	584,755	647,945
Other \| Dotdash Meredith
Segment Reporting Information [Line Items]
Total operating costs and expenses	47,766	84,438	65,682
Intersegment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Total operating costs and expenses	$ (21,233)	$ (20,989)	$ (22,911)

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets, Net

Goodwill and intangible assets, net are as follows:


	December 31,
	2024		2023
	(In thousands)
Goodwill	$	2,877,078	$	3,024,266
Intangible assets with indefinite lives	513,113		544,228
Intangible assets with definite lives, net of accumulated amortization	209,022		330,477
Total goodwill and intangible assets, net	$	3,599,213	$	3,898,971

Schedule of Goodwill by Reporting Unit


	Balance at December 31, 2023		Deductions		Foreign Exchange Translation		Balance at December 31, 2024		Accumulated Impairment Losses at December 31, 2024
	(In thousands)
Dotdash Meredith
Digital	$	1,497,642	$	—	$	—	$	1,497,642	$	(198,329)
Total Dotdash Meredith	1,497,642		—		—		1,497,642		(198,329)

Angi
Ads and Leads	761,571		—		—		761,571		—
Services	51,095		—		—		51,095		—
International	73,717		—		(2,607)		71,110		—
Total Angi	886,383		—		(2,607)		883,776		—

Care.com	490,896				—		490,896		—
Search	—		—		—		—		(981,308)
Emerging & Other	149,345		(144,581)		—		4,764		(95,748)
Total	$	3,024,266	$	(144,581)	$	(2,607)	$	2,877,078	$	(1,275,385)


	Balance at December 31, 2022		Impairment		Foreign Exchange Translation		Balance at December 31, 2023		Accumulated Impairment Losses at December 31, 2023
	(In thousands)
Dotdash Meredith
Digital	$	1,497,642	$	—	$	—	$	1,497,642	$	(198,329)
Total Dotdash Meredith	1,497,642		—		—		1,497,642		(198,329)

Angi

Ads and Leads	761,571		—		—		761,571		—
Services	51,095		—		—		51,095		—
International	70,619		—		3,098		73,717		—
Total Angi	883,285		—		3,098		886,383		—

Care.com	490,896		—		—		490,896		—
Search	—		—		—		—		(981,308)
Emerging & Other	158,345		(9,000)		—		149,345		(95,748)
Total	$	3,030,168	$	(9,000)	$	3,098	$	3,024,266	$	(1,275,385)

Schedule of Intangible Assets with Definite Lives

At December 31, 2024 and 2023, intangible assets with definite lives are as follows:


	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life
	(In thousands)						(Years)
Advertiser relationships	$	297,000	$	(211,694)	$	85,306	5.0
Technology	174,052		(174,052)		—		3.7
Licensee relationships	171,000		(123,115)		47,885		4.9
Trade names	139,419		(78,940)		60,479		8.3
Content	104,939		(104,939)		—		2.9
Customer lists and user base	68,084		(52,732)		15,352		6.4
Professional relationships	6,298		(6,298)		—		2.7

Total	$	960,792	$	(751,770)	$	209,022	5.1


	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life
	(In thousands)						(Years)
Advertiser relationships	$	297,000	$	(154,819)	$	142,181	5.0
Technology	198,344		(196,816)		1,528		3.5
Licensee relationships	171,000		(85,496)		85,504		4.9
Trade names	120,759		(55,541)		65,218		9.2
Content	104,939		(88,845)		16,094		2.9
Customer lists and user base	68,661		(48,721)		19,940		6.4
Professional relationships	6,419		(6,407)		12		2.7

Total	$	967,122	$	(636,645)	$	330,477	5.1

Schedule of Expected Amortization of Intangible Assets

At December 31, 2024, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:


Year Ending December 31,	(In thousands)
2025	$	92,710
2026	73,030
2027	15,142
2028	5,519
2029	5,359
Thereafter	17,262
Total	$	209,022

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

LEASES - Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets:
ROU Assets	$ 255,177	$ 299,597
Liabilities:
Current lease liabilities	62,055	68,126
Long-term lease liabilities	344,654	401,118
Total lease liabilities	$ 406,709	$ 469,244
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other non-current assets	Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Other Significant Reconciling Item
Stock-based compensation expense	$ (112,523)	$ (117,181)	$ (123,476)
Depreciation	(126,890)	(175,096)	(130,986)
Amortization of intangibles	(144,506)	(295,970)	(307,718)
Acquisition-related contingent consideration fair value adjustments	0	0	612
Goodwill impairment	0	(9,000)	(112,753)
Interest expense	(155,888)	(157,632)	(110,165)
Unrealized (loss) gain on investment in MGM Resorts International	(649,178)	721,668	(723,515)
Other income (expense), net	116,897	63,862	(217,785)
(Loss) earnings from continuing operations before income taxes	(692,399)	367,135	(1,526,236)
Operating Segments
Segment Reporting, Other Significant Reconciling Item
Adjusted EBITDA	467,431	427,357	279,071
Corporate
Segment Reporting, Other Significant Reconciling Item
Adjusted EBITDA	$ (87,742)	$ (90,873)	$ (79,521)

LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Supplemental Balance Sheet Information of Leases

The following table presents the balances of ROU assets and lease liabilities within the balance sheet:


		December 31,
Leases	Balance Sheet Classification	2024		2023
		(In thousands)
Assets:
ROU assets	Other non-current assets	$	255,177	$	299,597

Liabilities:
Current lease liabilities	Accrued expenses and other current liabilities	$	62,055	$	68,126
Long-term lease liabilities	Other long-term liabilities	344,654		401,118
Total lease liabilities		$	406,709	$	469,244

Schedule of Lease Cost and Other Information

The following table presents the net lease expense within the statement of operations:


		Year Ended December 31,
Lease Expense	Statement of Operations Classification	2024		2023		2022
		(In thousands)
Fixed lease expense	Cost of revenue	$	1,149	$	708	$	1,283
Fixed lease expense	Selling and marketing expense	666		2,362		6,229
Fixed lease expense	General and administrative expense	56,404		110,177		61,886
Fixed lease expense	Product development expense	1,043		658		999
Total fixed lease expense(a)		59,262		113,905		70,397

Variable lease expense	Selling and marketing expense	—		79		199
Variable lease expense	General and administrative expense	18,728		19,610		16,406
Variable lease expense	Product development expense	—		157		89
Total variable lease expense		18,728		19,846		16,694
Net lease expense		$	77,990	$	133,751	$	87,091

_____________________

The following is the supplemental cash flow information:


	Year Ended December 31,
	2024		2023		2022
	(In thousands)
ROU assets obtained in exchange for lease liabilities	$	10,580	$	7,545	$	9,608
Derecognition of ROU assets due to termination or modification	$	(462)	$	(34,809)	$	(4,612)
Cash paid for amounts included in the measurement of lease liabilities	$	92,304	$	100,328	$	93,864

Schedule of Maturities of Operating Lease Liabilities

Maturities of lease liabilities at December 31, 2024(b) are summarized below:


Year Ending December 31,	(In thousands)
2025	$	80,861
2026	76,224
2027	65,141
2028	61,116
2029	56,844
Thereafter	142,594
Total	482,780
Less: Interest	76,071
Present value of lease liabilities	$	406,709

_____________________

(b) Lease payments exclude $7.7 million of legally binding minimum lease payments for leases signed but not yet commenced.

Schedule of Weighted-Average Lease Term and Discount Rate of Leases

The following are the weighted average assumptions used for lease term and discount rate:


	December 31,
	2024		2023
Remaining lease term	6.8 years		7.5 years
Discount rate	5.16	%	5.07	%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Equity Price Risk (Details) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Feb. 07, 2025
Price Risk Derivatives [Line Items]
Unrealized (loss) gain on investment in MGM Resorts International	$ (649,178)	$ 721,668	$ (723,515)
Investment in MGM Resorts International	$ 2,242,672	2,891,850
MGM
Price Risk Derivatives [Line Items]
Investment common shares owned (in shares)	64.7
Ownership percentage	22.00%
Unrealized (loss) gain on investment in MGM Resorts International	$ (649,200)	721,700	$ (723,500)
Cumulative unrealized net pre-tax gain	978,800
Investment in MGM Resorts International	$ 2,200,000	$ 2,900,000
Equity method investments, percentage of assets	23.00%	28.00%
Unrealized gain (loss), impact in $2.00 change in share price	$ 129,400
MGM \| Subsequent Event
Price Risk Derivatives [Line Items]
Investment in MGM Resorts International				$ 2,200,000