IAC InterActive (IAC) 10-Q7 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	May 03, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-39356
Entity Registrant Name	IAC Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-3727412
Entity Address, Address Line One	555 West 18th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10011
City Area Code	212
Local Phone Number	314-7300
Title of 12(b) Security	Common stock, par value $0.0001
Trading Symbol	IAC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001800227
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		80,304,683
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,789,499

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 1,506,988	$ 1,297,445
Marketable securities	136,459	148,998
Accounts receivable, net	463,785	536,650
Other current assets	203,924	257,499
Total current assets	2,311,156	2,240,592
Capitalized software, buildings, land, equipment and leasehold improvements, net	424,534	455,281
Goodwill	2,878,872	3,024,266
Intangible assets, net of accumulated amortization	830,263	874,705
Investment in MGM Resorts International	3,055,601	2,891,850
Long-term investments	402,085	411,216
Other non-current assets	457,099	473,267
TOTAL ASSETS	10,359,610	10,371,177
LIABILITIES:
Current portion of long-term debt	34,375	30,000
Accounts payable, trade	83,842	105,514
Deferred revenue	128,246	143,449
Accrued expenses and other current liabilities	608,998	671,527
Total current liabilities	855,461	950,490
Long-term debt, net	1,982,128	1,993,154
Deferred income taxes	210,727	164,612
Other long-term liabilities	461,830	474,540
Redeemable noncontrolling interests	32,622	33,378
Commitments and contingencies
SHAREHOLDERS' EQUITY:
Additional paid-in-capital	6,346,106	6,340,312
Retained earnings	45,954	923
Accumulated other comprehensive loss	(6,893)	(10,942)
Treasury stock, 4,350 shares at March 31, 2024 and December 31, 2023	(252,441)	(252,441)
Total IAC shareholders' equity	6,132,735	6,077,861
Noncontrolling interests	684,107	677,142
Total shareholders' equity	6,816,842	6,755,003
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 10,359,610	$ 10,371,177
Treasury stock (in shares)	4,350	4,350
Common Stock, $0.0001 par value; authorized 1,600,000 shares; 84,638 and 84,465 shares issued and 80,288 and 80,115 shares outstanding at March 31, 2024 and December 31, 2023, respectively
SHAREHOLDERS' EQUITY:
Common stock, value	$ 8	$ 8
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at March 31, 2024 and December 31, 2023
SHAREHOLDERS' EQUITY:
Common stock, value	$ 1	$ 1

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - $ / shares	Mar. 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; 84,638 and 84,465 shares issued and 80,288 and 80,115 shares outstanding at March 31, 2024 and December 31, 2023, respectively
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	1,600,000,000	1,600,000,000
Common stock issued (in shares)	84,638,000	84,465,000
Common stock outstanding (in shares)	80,288,000	80,115,000
Class B common stock, $0.0001 par value; authorized 400,000 shares; 5,789 shares issued and outstanding at March 31, 2024 and December 31, 2023
Common stock, par value (USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	400,000,000	400,000,000
Common stock issued (in shares)	5,789,000	5,789,000
Common stock outstanding (in shares)	5,789,000	5,789,000

CONSOLIDATED STATEMENT OF OPERA

CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue	$ 929,680	$ 1,084,271
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	271,964	342,929
Selling and marketing expense	343,925	403,297
General and administrative expense	212,669	273,076
Product development expense	86,999	84,787
Depreciation	36,573	61,172
Amortization of intangibles	36,728	54,606
Total operating costs and expenses	988,858	1,219,867
Operating loss	(59,178)	(135,596)
Interest expense	(39,718)	(38,172)
Unrealized gain on investment in MGM Resorts International	163,751	704,840
Other income, net	34,805	23,749
Earnings before income taxes	99,660	554,821
Income tax provision	(54,688)	(139,502)
Net earnings	44,972	415,319
Net loss attributable to noncontrolling interests	59	2,456
Net earnings attributable to IAC shareholders	$ 45,031	$ 417,775
Per share information attributable to IAC common stock and Class B common stock shareholders:
Basic earnings per share (USD per share)	$ 0.52	$ 4.72
Diluted earnings per share (USD per share)	$ 0.51	$ 4.57
Stock-based compensation expense by function:
Stock-based compensation expense	$ 28,907	$ 28,941
Cost of revenue
Stock-based compensation expense by function:
Stock-based compensation expense	493	19
Selling and marketing expense
Stock-based compensation expense by function:
Stock-based compensation expense	1,641	1,743
General and administrative expense
Stock-based compensation expense by function:
Stock-based compensation expense	24,954	22,844
Product development expense
Stock-based compensation expense by function:
Stock-based compensation expense	$ 1,819	$ 4,335

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net earnings	$ 44,972	$ 415,319
Other comprehensive income (loss), net of income taxes:
Change in foreign currency translation adjustment	218	919
Change in net unrealized gains (losses) on interest rate swaps	3,697	(2,287)
Change in unrealized gains and losses on available-for-sale marketable debt securities	(22)	(26)
Total other comprehensive income (loss), net of income taxes	3,893	(1,394)
Comprehensive income, net of income taxes	48,865	413,925
Components of comprehensive loss (income) attributable to noncontrolling interests:
Net loss attributable to noncontrolling interests	59	2,456
Change in foreign currency translation adjustment attributable to noncontrolling interests	154	(116)
Comprehensive loss attributable to noncontrolling interests	213	2,340
Comprehensive income attributable to IAC shareholders	$ 49,078	$ 416,265

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	IAC	Angi Inc.	Redeemable Noncontrolling Interests	Total IAC Shareholders' Equity	Total IAC Shareholders' Equity IAC	Total IAC Shareholders' Equity Angi Inc.	Common Stock Common Stock, $0.0001 par value	Common Stock Common Stock, $0.0001 par value IAC	Common Stock Class B common stock, $0.0001 par value	Additional Paid-in-Capital	Additional Paid-in-Capital IAC	Additional Paid-in-Capital Angi Inc.	Retained Earnings (Accumulated Deficit)	Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income Angi Inc.	Treasury Stock	Noncontrolling Interests	Noncontrolling Interests Angi Inc.
Balance at beginning of period at Dec. 31, 2022				$ 27,235
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(254)
Adjustment of noncontrolling interests to redemption amount				208
Balance at end of period at Mar. 31, 2023				27,189
Balance at beginning of period at Dec. 31, 2022	$ 6,572,534				$ 5,931,614			$ 8		$ 1	$ 6,295,080			$ (265,019)	$ (13,133)		$ (85,323)	$ 640,920
Balance at beginning of period (in shares) at Dec. 31, 2022								84,184		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	415,573				417,775									417,775				(2,202)
Other comprehensive income (loss), net of income taxes	(1,394)				(1,510)										(1,510)			116
Stock-based compensation expense	29,933				16,063						16,063							13,870
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		$ (1,850)	$ (2,410)			$ (1,850)	$ (4,697)					$ (1,850)	$ (4,699)			$ 2			$ 2,287
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									73
Purchase of treasury stock	(91,729)				(91,729)												(91,729)
Adjustment of noncontrolling interests to redemption amount	(208)				(208)						(208)
Adjustment to the liquidation value of Vivian Health preferred shares	0				1,812						1,812							(1,812)
Other	31				31						31
Balance at end of period at Mar. 31, 2023	6,920,480				6,267,301			$ 8		$ 1	6,306,229			152,756	(14,641)		(177,052)	653,179
Balance at end of period (in shares) at Mar. 31, 2023								84,257		5,789
Balance at beginning of period at Dec. 31, 2023	33,378			33,378
Increase (Decrease) in Redeemable Noncontrolling Interests
Net (loss) earnings				(9)
Adjustment of noncontrolling interests to redemption amount				(505)
Other				(242)
Balance at end of period at Mar. 31, 2024	32,622			$ 32,622
Balance at beginning of period at Dec. 31, 2023	6,755,003				6,077,861			$ 8		$ 1	6,340,312			923	(10,942)		(252,441)	677,142
Balance at beginning of period (in shares) at Dec. 31, 2023								84,465		5,789
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) earnings	44,981				45,031									45,031				(50)
Other comprehensive income (loss), net of income taxes	3,893				4,047										4,047			(154)
Stock-based compensation expense	30,529				19,510						19,510							11,019
Issuance of common stock pursuant to stock-based awards, net of withholding taxes		$ (8,123)	$ (3,264)			$ (8,123)	$ (1,856)					$ (8,123)	$ (1,858)			$ 2			$ (1,408)
Issuance of common stock pursuant to stock-based awards, net of withholding taxes (in shares)									173
Purchase of treasury stock	(6,700)				(6,700)						(6,700)
Adjustment of noncontrolling interests to redemption amount	505				505						505
Adjustment to the liquidation value of Vivian Health preferred shares	0				2,442						2,442							(2,442)
Other	18				18						18
Balance at end of period at Mar. 31, 2024	$ 6,816,842				$ 6,132,735			$ 8		$ 1	$ 6,346,106			$ 45,954	$ (6,893)		$ (252,441)	$ 684,107
Balance at end of period (in shares) at Mar. 31, 2024								84,638		5,789

CONSOLIDATED STATEMENT OF SHA_2

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

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net earnings	$ 44,972	$ 415,319
Adjustments to reconcile net earnings to net cash provided by operating activities:
Unrealized gain on investment in MGM Resorts International	(163,751)	(704,840)
(Gains) losses on sales of businesses and investments in equity securities (including downward adjustments), net	(25,941)	2,451
Deferred income taxes	44,975	127,154
Amortization of intangibles	36,728	54,606
Depreciation	36,573	61,172
Stock-based compensation expense	28,907	28,941
Provision for credit losses	16,139	24,826
Non-cash lease expense (including right-of-use asset impairments)	14,794	58,656
Unrealized decrease (increase) in the estimated fair value of a warrant	10,231	(5,940)
Other adjustments, net	(6)	(4,076)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:
Accounts receivable	56,084	43,023
Other assets	44,493	26,978
Operating lease liabilities	(17,338)	(19,723)
Accounts payable and other liabilities	(89,548)	(107,356)
Income taxes payable and receivable	8,800	8,610
Deferred revenue	17,942	15,366
Net cash provided by operating activities	64,054	25,167
Cash flows from investing activities:
Capital expenditures	(15,712)	(21,863)
Net proceeds from the sales of businesses and investments	159,678	1,179
Net proceeds from sales of assets	12,660	29,388
Proceeds from maturities of marketable debt securities	137,500	137,500
Purchases of marketable debt securities	(123,104)	(98,520)
Other, net	1,199	4,290
Net cash provided by investing activities	172,221	51,974
Cash flows from financing activities:
Principal payments on Dotdash Meredith Term Loans	(7,500)	(7,500)
Other, net	(152)	(140)
Net cash used in financing activities	(25,974)	(95,975)
Total cash provided (used)	210,301	(18,834)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(741)	322
Net increase (decrease) in cash and cash equivalents and restricted cash	209,560	(18,512)
Cash and cash equivalents and restricted cash at beginning of period	1,306,241	1,426,069
Cash and cash equivalents and restricted cash at end of period	1,515,801	1,407,557
IAC
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(8,248)	(2,236)
Purchases of treasury stock	0	(84,720)
Angi Inc.
Cash flows from financing activities:
Withholding taxes paid on behalf of employees on net settled stock-based awards	(3,214)	(1,379)
Purchases of treasury stock	$ (6,860)	$ 0

THE COMPANY AND SUMMARY OF SIGN

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations IAC today is comprised of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, as well as others ranging from early stage to established businesses. As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise). Total Home Roofing, LLC Sale On November 1, 2023, Angi Inc. completed the sale of 100% of its wholly-owned subsidiary, Total Home Roofing, LLC ("Roofing"), and has reflected it as a discontinued operation in its standalone financial statements. Roofing does not meet the threshold to be reflected as a discontinued operation at the IAC level. During the fourth quarter of 2023, IAC moved Roofing to Emerging & Other and prior period financial information has been recast to conform to this presentation. Following IAC's move of Roofing to Emerging & Other, Angi Inc. has three operating segments: (i) Ads and Leads, (ii) Services and (iii) International (includes Europe and Canada). Basis of Presentation The Company prepares its consolidated financial statements (referred to herein as "financial statements") in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). The financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability of right-of-use assets ("ROU assets"); the useful lives and recoverability of capitalized software, buildings, equipment and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant. Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from a variable rate to a fixed rate to manage interest rate risk exposure, beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, Derivatives and Hedging . As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See " Note 3—Long-term Debt " for additional information. General Revenue Recognition The Company accounts for a contract with a customer when it has approval and commitment from all authorized parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in " Note 5—Segment Information ." Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term or expected completion of its performance obligation is one year or less. The current and non-current deferred revenue balances were $128.2 million and $0.2 million, respectively, at March 31, 2024, and $143.4 million and $0.1 million, respectively, at December 31, 2023. During the three months ended March 31, 2024, the Company recognized $79.2 million of revenue that was included in the deferred revenue balance at December 31, 2023. The deferred revenue balance at March 31, 2024 also reflects the reduction of $33.2 million related to the sale of Mosaic Group in the first quarter of 2024. During the three months ended March 31, 2023, the Company recognized $95.6 million of revenue that was included in the deferred revenue balance at December 31, 2022. The current and non-current deferred revenue balances were $157.1 million and $0.2 million, respectively, at December 31, 2022. Non-current deferred revenue is included in "Other long-term liabilities" in the balance sheet. Practical Expedients and Exemptions For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, allocated entirely to unsatisfied performance obligations, or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which it has the right to invoice for services performed. The Company also applies the practical expedient to expense sales commissions as incurred where the anticipated customer relationship period is one year or less. Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A meaningful portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google. For the three months ended March 31, 2024 and 2023, total revenue earned from Google was $131.4 million and $172.9 million , respectively, representing 14% and 16%, respectively, of the Company's revenue. The total revenue earned from the Services Agreement for the three months ended March 31, 2024 and 2023 was $102.9 million and $138.8 million, respectively, representing 11% and 13%, respectively, of the Company's total revenue. The related accounts receivable totaled $45.7 million and $52.2 million at March 31, 2024 and December 31, 2023, respectively. The revenue attributable to the Services Agreement is earned by Ask Media Group and the Desktop business, which comprise the Search segment. For the three months ended March 31, 2024 and 2023, revenue earned from the Services Agreement was $85.4 million and $120.3 million, respectively, within Ask Media Group and $17.4 million and $18.5 million, respectively, within the Desktop business . The Services Agreement requires that the Company comply with certain guidelines promulgated by Google. Google may generally unilaterally update its policies and guidelines without advance notice. These updates may be specific to the Services Agreement or could be more general and thereby impact the Company as well as other companies. These policy and guideline updates have in the past and could in the future require modifications to, or prohibit and/or render obsolete certain of our products, services and/or business practices, which have been and could be costly to address or negatively impact revenue and have had and in the future could have an adverse effect on our financial condition and results of operations. Recent Accounting Pronouncements Recent Accounting Pronouncements Adopted by the Company There were no recently issued accounting pronouncements adopted by the Company during the three months ended March 31, 2024. Recent Accounting Pronouncements Not Yet Adopted by the Company Accounting Standards Update ("ASU") 2023-07—Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU No. 2023-07 , which is intended to provide users of financial statements with more decision-useful information about reportable segments of a public business entity, primarily through enhanced disclosures of significant segment expenses. This ASU requires annual and interim disclosures of significant expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss and an amount and description of its composition of other segment items. The provisions of this ASU also require entities to include all annual disclosures required by Topic 280 in the interim periods and permits entities to include multiple measures of a segment's profit or loss if such measures are used by the CODM to assess segment performance and determine allocation of resources, provided that at least one of those measures is determined in a way that is consistent with the measurement principles under GAAP. The amendments in ASU 2023-07 apply retrospectively and are effective for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. The Company does not plan to early adopt and is currently assessing the impact of adopting the updated guidance on the financial statements. ASU 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09 , which establishes required categories and a quantitative threshold to the annual tabular rate reconciliation disclosure and disaggregated jurisdictional disclosures of income taxes paid. The guidance's annual requirements are effective for the Company beginning with the December 31, 2025 reporting period. Early adoption is permitted and prospective disclosure should be applied, however, retrospective disclosure is permitted. The Company is currently assessing the pronouncement and its impact on its income tax disclosures, but it does not impact the Company's results of operations, financial condition or cash flows. Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

FINANCIAL INSTRUMENTS AND FAIR

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	3 Months Ended
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS	FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS Marketable Securities At March 31, 2024 and December 31, 2023, the fair value of marketable securities are as follows: March 31, 2024 December 31, 2023 (In thousands) Available-for-sale marketable debt securities $ 136,459 $ 148,998 Total marketable securities $ 136,459 $ 148,998 Marketable securities are carried at fair value. The Company has no investments in marketable equity securities, following the change in classification of its investment in MGM Resorts International ("MGM") to an equity method investment in the fourth quarter of 2023, described below. At March 31, 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 for these investments of $1.2 million during the three months ended March 31, 2023 . The unrealized pre-tax losses related to these investments are included in "Other income, net" in the statement of operations. At March 31, 2024 and December 31, 2023, current available-for-sale marketable debt securities are as follows: March 31, 2024 December 31, 2023 Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 136,460 $ 1 $ (2) $ 136,459 $ 148,971 $ 27 $ — $ 148,998 Total available-for-sale marketable debt securities $ 136,460 $ 1 $ (2) $ 136,459 $ 148,971 $ 27 $ — $ 148,998 The contractual maturities of debt securities classified as current available-for-sale at March 31, 2024 and December 31, 2023 were within one year. There were no investments in available-for-sale marketable debt securities that had been in a continuous unrealized loss position for longer than twelve months at March 31, 2024 and December 31, 2023. Investment in MGM Resorts International March 31, 2024 December 31, 2023 (In thousands) Investment in MGM $ 3,055,601 $ 2,891,850 At March 31, 2024, the Company owns 64.7 million common shares of MGM which represents 20.6% of MGM's common shares outstanding . During the fourth quarter of 2023, due to MGM's ongoing share repurchase program, which increased the Company's ownership interest passively, the Company determined that the equity method of accounting applied and elected to account for its investment in MGM pursuant to the fair value option. Prior to the fourth quarter of 2023, the Company's investment in MGM was accounted for as an equity security with a readily determinable fair value, with changes in fair value recognized through income each period. Since the Company has always marked its investment in MGM to fair value through income each period the election of the fair value option results in no change from its historical accounting for this investment. The fair value of the investment in MGM is remeasured each reporting period based upon MGM's closing stock price on the New York Stock Exchange on the last trading day in the reporting period and any unrealized pre-tax gains or losses are included in the statement of operations. For the three months ended March 31, 2024 and 2023, the Company recognized an unrealized pre-tax gain of $163.8 million and $704.8 million, respectively, on its investment in MGM. The cumulative unrealized net pre-tax gain through March 31, 2024 is $1.8 billion . A $2.00 increase or decrease in the share price of MGM would result in an unrealized gain or loss, respectively, of $129.4 million. At May 3, 2024, the fair value of the Company's investment in MGM was $2.66 billion . The following table presents MGM's summarized financial information for the three months ended March 31, 2024. As noted above, the Company has elected to account for its investment in MGM pursuant to the fair value option. By electing the fair value option, the Company’s investment in MGM is remeasured each reporting period with any changes recognized through income based on MGM’s closing stock price. As a result, the value of our investment and the financial impacts in any given period are not necessarily correlated with the income statement information presented below. Three Months Ended March 31, 2024 (In thousands) Revenues $ 4,383,470 Expenses $ 3,899,968 Net income $ 299,726 Net income attributable to MGM $ 217,476 Long-term Investments Long-term investments consist of: March 31, 2024 December 31, 2023 (In thousands) Equity securities without readily determinable fair values $ 396,981 $ 404,848 Other 5,104 6,368 Total long-term investments $ 402,085 $ 411,216 Equity Securities without Readily Determinable Fair Values The following table presents a summary of unrealized pre-tax gains and losses recorded in "Other income, net" in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at March 31, 2024 and 2023. Three Months Ended March 31, 2024 2023 (In thousands) Downward adjustments including impairments (gross unrealized pre-tax losses) $ (7,867) $ (822) Total $ (7,867) $ (822) The cumulative upward and downward adjustments (including impairments) to the carrying value of equity securities without readily determinable fair values held at March 31, 2024 were $37.8 million and $133.8 million, respectively. Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended March 31, 2024 2023 (In thousands) Realized pre-tax gains, net, for equity securities sold $ 4,434 $ 7 Unrealized pre-tax losses, net, on equity securities held (7,867) (822) Total pre-tax losses, net recognized $ (3,433) $ (815) All pre-tax gains and losses on equity securities without readily determinable fair values, realized and unrealized, are recognized in "Other income, net" in the statement of operations. Fair Value Measurements The Company categorizes its financial instruments measured at fair value into a fair value hierarchy that prioritizes the inputs used in pricing the asset or liability. The three levels of the fair value hierarchy are: • Level 1: Observable inputs obtained from independent sources, such as quoted market prices for identical assets and liabilities in active markets. • Level 2: Other inputs, which are observable directly or indirectly, such as quoted market prices for similar assets or liabilities in active markets, quoted market prices for identical or similar assets or liabilities in markets that are not active and inputs that are derived principally from or corroborated by observable market data. The fair values of the Company's Level 2 financial assets are primarily obtained from observable market prices for identical underlying securities that may not be actively traded. Certain of these securities may have different market prices from multiple market data sources, in which case an average market price is used. • Level 3: Unobservable inputs for which there is little or no market data and require the Company to develop its own assumptions, based on the best information available in the circumstances, about the assumptions market participants would use in pricing the assets or liabilities. The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: March 31, 2024 Level 1 Level 2 Level 3 Total Fair Value (In thousands) Assets: Cash equivalents: Money market funds $ 901,889 $ — $ — $ 901,889 Treasury discount notes — 273,747 — 273,747 Time deposits — 19,288 — 19,288 Marketable securities: Treasury discount notes — 136,459 — 136,459 Investment in MGM 3,055,601 — — 3,055,601 Other non-current assets: Warrant — — 39,400 39,400 Interest rate swaps (a) — 3,914 — 3,914 Total $ 3,957,490 $ 433,408 $ 39,400 $ 4,430,298 _____________________ (a) Interest rate swaps relate to the $350 million notional amount entered into to hedge Dotdash Meredith's Term Loan B. The related asset at March 31, 2024 and liability at December 31, 2023 are included in "Other non-current assets" and "Other long-term liabilities," respectively, in the balance sheet. See " Note 1—The Company and Summary of Significant Accounting Policies " and " Note 3—Long-term Debt " for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs. December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value (In thousands) Assets: Cash equivalents: Money market funds $ 910,849 $ — $ — $ 910,849 Treasury discount notes — 87,251 — 87,251 Time deposits — 19,497 — 19,497 Marketable securities: Treasury discount notes — 148,998 — 148,998 Investment in MGM 2,891,851 — — 2,891,851 Other non-current assets: Warrant — — 49,631 49,631 Total $ 3,802,700 $ 255,746 $ 49,631 $ 4,108,077 Liabilities: Other long-term liabilities Interest rate swaps (a) $ — $ (907) $ — $ (907) The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended March 31, 2024 2023 Warrant Warrant (In thousands) Balance at January 1 $ 49,631 $ 46,799 Total net (losses) gains: Fair value adjustments included in earnings (10,231) 5,940 Balance at March 31 $ 39,400 $ 52,739 Warrant The Company owns preferred shares of Turo Inc. ("Turo"), a peer-to-peer car sharing marketplace, which is accounted for as an equity security without a readily determinable fair value, as the preferred shares are not common stock equivalents. As part of the Company's original investment in Turo preferred shares, the Company received a warrant that is recorded at fair value each reporting period using an option pricing model with any change in fair value included in "Other income, net" in the statement of operations. The warrant is measured using significant unobservable inputs and is classified in the fair value hierarchy table as Level 3. The warrant is included in "Other non-current assets" in the balance sheet. Assets measured at fair value on a nonrecurring basis The Company's non-financial assets, such as goodwill, intangible assets, ROU assets, capitalized software, buildings, equipment and leasehold improvements, are adjusted to fair value only when an impairment is recognized. The Company's financial assets, comprising equity securities without readily determinable fair values, are adjusted to fair value when observable price changes for similar or identical securities are identified or an impairment is recognized. Such fair value measurements are based predominantly on Level 3 inputs. ROU Assets and Related Leasehold Improvements, Furniture and Equipment During the first quarter of 2023, Dotdash Meredith recorded impairment charges of $70.0 million related to certain unoccupied leased office space due to the continued decline in the commercial real estate market consisting of impairments of $44.7 million and $25.3 million of an ROU asset and related leasehold improvements, furniture and equipment, respectively. The impairment charges related to ROU assets are included in "General and administrative expense" and the impairment charges related to leasehold improvements, furniture and equipment are included in "Depreciation" in the statement of operations. The impairment charges represent the amount by which the carrying value of the asset group exceeded its estimated fair value, calculated using a discounted cash flow approach using sublease market assumptions of the expected cash flows and discount rate. The impairment charges were allocated between the ROU assets and related leasehold improvements, furniture and equipment of the asset group based on their relative carrying values. Financial instruments measured at fair value only for disclosure purposes The total fair value of the outstanding long-term debt, including the current portion, is estimated using observable market prices or indices for similar liabilities, which are Level 2 inputs, and was approximately $1.95 billion at both March 31, 2024 and December 31, 2023.

LONG-TERM DEBT

LONG-TERM DEBT	3 Months Ended
LONG-TERM DEBT	Mar. 31, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT Long-term debt consists of: March 31, 2024 December 31, 2023 (In thousands) Dotdash Meredith Debt Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026 $ 310,625 $ 315,000 Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028 1,221,875 1,225,000 Total Dotdash Meredith long-term debt 1,532,500 1,540,000 Less: current portion of Dotdash Meredith long-term debt 34,375 30,000 Less: original issue discount 4,259 4,470 Less: unamortized debt issuance costs 7,979 8,423 Total Dotdash Meredith long-term debt, net 1,485,887 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 3,759 3,953 Total ANGI Group long-term debt, net 496,241 496,047 Total long-term debt, net $ 1,982,128 $ 1,993,154 Dotdash Meredith Term Loans and Dotdash Meredith Revolving Facility On December 1, 2021, Dotdash Meredith entered into a credit agreement ("Dotdash Meredith Credit Agreement"), which provides for (i) the five-year $350 million Dotdash Meredith Term Loan A, (ii) the seven-year $1.25 billion Dotdash Meredith Term Loan B (and together with the Dotdash Meredith Term Loan A, the "Dotdash Meredith Term Loans") and (iii) a five-year $150 million revolving credit facility ("Dotdash Meredith Revolving Facility"). The Dotdash Meredith Term Loan A bears interest at an adjusted term secured overnight financing rate ("Adjusted Term SOFR") as defined in the Dotdash Meredith Credit Agreement plus an applicable margin depending on Dotdash Meredith's most recently reported consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement. The adjustment to the secured overnight financing rate is fixed at 0.10% for the Dotdash Meredith Term Loan A. The Dotdash Meredith Term Loan B has a varying adjustment of 0.10%, 0.15% or 0.25% based upon the duration of the borrowing period. At March 31, 2024 and December 31, 2023, the Dotdash Meredith Term Loan A bore interest at Adjusted Term SOFR plus 2.25%, or 7.68% and 7.69%, respectively, and the Dotdash Meredith Term Loan B bore interest at Adjusted Term SOFR, subject to a minimum of 0.50%, plus 4.00%, or 9.43% and 9.44%, respectively. Interest payments are due at least quarterly through the terms of the Dotdash Meredith Term Loans. In March 2023, Dotdash Meredith entered into interest rate swaps on the Dotdash Meredith Term Loan B for a total notional amount of $350 million with a maturity date of April 1, 2027. The interest rate swaps synthetically converted $350 million of the Dotdash Meredith Term Loan B for the duration of the interest rate swaps from a variable rate to a fixed rate of approximately 7.92% ((i) the weighted average fixed interest rate of approximately 3.82% on the interest rate swaps plus (ii) the adjustment to the secured overnight financing rate of 0.10% plus (iii) the base rate of 4.00%), beginning on April 3, 2023. The interest rate swaps are expected to be highly effective. See " Note 4—Accumulated Other Comprehensive Loss " for the net unrealized gains and losses before reclassifications in "Accumulated other comprehensive loss" and realized gains reclassified into "Interest expense" for the three months ended March 31, 2024 and 2023. At March 31, 2024, approximately $3.9 million is expected to be reclassified into interest expense within the next twelve months as realized gains. The related asset of $3.9 million and liability of $0.9 million are included in "Other non-current assets" and “Other long-term liabilities” in the balance sheet at March 31, 2024 and December 31, 2023, respectively. The Dotdash Meredith Term Loan A requires quarterly principal payments of approximately $4.4 million through December 31, 2024, $8.8 million through December 31, 2025 and approximately $13.1 million thereafter through maturity. The Dotdash Meredith Term Loan B requires quarterly payments of $3.1 million through maturity. The Dotdash Meredith Term Loan B may require additional annual principal payments as part of an excess cash flow sweep provision, the amount of which, in part, is governed by the applicable net leverage ratio and further subject to the excess cash flow exceeding $80 million as defined in the Dotdash Meredith Credit Agreement. No such payment was required related to the period ended December 31, 2023. There were no outstanding borrowings under the Dotdash Meredith Revolving Facility at March 31, 2024 and December 31, 2023. The annual commitment fee on undrawn funds is based on Dotdash Meredith's consolidated net leverage ratio, as defined in the Dotdash Meredith Credit Agreement, most recently reported and was 40 basis points at both March 31, 2024 and December 31, 2023. Any borrowings under the Dotdash Meredith Revolving Facility would bear interest, at Dotdash Meredith's option, at either a base rate or Adjusted Term SOFR, plus an applicable margin, which is based on Dotdash Meredith's consolidated net leverage ratio. As of the last day of any calendar quarter, if either (i) $1.00 or more of loans under the Dotdash Meredith Revolving Facility or Dotdash Meredith Term Loan A are outstanding, or (ii) the outstanding face amount of undrawn letters of credit, other than cash collateralized letters of credit at 102% of face value, exceeds $25 million, subject to certain increases for qualifying material acquisitions, then Dotdash Meredith will not permit the consolidated net leverage ratio, which permits netting of up to $250 million in cash and cash equivalents, as of the last day of such quarter to exceed 5.5 to 1.0. The Dotdash Meredith Credit Agreement also contains covenants that would limit Dotdash Meredith’s ability to pay dividends, incur incremental secured indebtedness, or make distributions or certain investments in the event a default has occurred or if Dotdash Meredith’s consolidated net leverage ratio exceeds 4.0 to 1.0, subject to certain available amounts as defined in the Dotdash Meredith Credit Agreement. This ratio was exceeded for both test periods ended March 31, 2024 and December 31, 2023. The Dotdash Meredith Credit Agreement also permits the Company to, among other things, contribute cash to Dotdash Meredith which will provide additional liquidity to ensure that Dotdash Meredith does not exceed certain consolidated net leverage ratios for any test period, as further defined in the Dotdash Meredith Credit Agreement. In connection with these capital contributions, Dotdash Meredith may make distributions to the Company in amounts not more than any such capital contributions, provided that no default has occurred and is continuing. Such capital contributions and subsequent distributions impact the consolidated net leverage ratios of Dotdash Meredith. In March 2024 and 2023, the Company contributed $55 million and $135 million, respectively, to Dotdash Meredith, which Dotdash Meredith subsequently distributed back to the Company in April 2024 and 2023, respectively. In addition, Dotdash Meredith distributed $105 million back to the Company in January 2024 related to the Company's contribution in December 2023. The obligations under the Dotdash Meredith Credit Agreement are guaranteed by certain of Dotdash Meredith's wholly-owned subsidiaries and are secured by substantially all of the assets of Dotdash Meredith and certain of its subsidiaries. ANGI Group Debt ANGI Group, LLC ("ANGI Group"), a direct wholly-owned subsidiary of Angi Inc., issued the ANGI Group Senior Notes on August 20, 2020. These notes may be redeemed at the redemption prices, plus accrued and unpaid interest thereon, if any, as set forth in the indenture governing the notes. The indenture governing the ANGI Group Senior Notes contains a covenant that would limit ANGI Group’s ability to incur liens for borrowed money in the event a default has occurred or ANGI Group’s secured leverage ratio exceeds 3.75 to 1.0 provided that ANGI Group is permitted to incur such liens under certain permitted credit facilities indebtedness notwithstanding the ratio, all as defined in the indenture. At March 31, 2024, there were no limitations pursuant thereto.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS	Mar. 31, 2024
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the components of accumulated other comprehensive loss, net of income tax. Three Months Ended March 31, 2024 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Interest Rate Swaps Unrealized Gains (Losses) On Available-For-Sale Accumulated Other Comprehensive (Loss) Income (In thousands) Balance at January 1 $ (10,266) $ (696) $ 20 $ (10,942) Other comprehensive (loss) income before reclassifications (1,064) 5,040 (22) 3,954 Amounts reclassified to earnings 1,436 (1,343) — 93 Net current period other comprehensive income (loss) 372 3,697 (22) 4,047 Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 Balance at March 31 $ (9,892) $ 3,001 $ (2) $ (6,893) Three Months Ended March 31, 2023 Foreign Currency Translation Adjustment Unrealized Losses On Interest Rate Swaps Unrealized Gains (Losses) On Available-For-Sale Accumulated Other Comprehensive Loss (In thousands) Balance at January 1 $ (13,186) $ — $ 53 $ (13,133) Other comprehensive income (loss) 803 (2,287) (26) (1,510) Net current period other comprehensive income (loss) 803 (2,287) (26) (1,510) Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 Balance at March 31 $ (12,381) $ (2,287) $ 27 $ (14,641) The amounts reclassified out of foreign currency translation adjustment into earnings for the three months ended March 31, 2024 relate to the substantial liquidation of an international subsidiary. At March 31, 2024 and 2023, there was $0.9 million of deferred income tax provision and $0.7 million of deferred income tax benefit, respectively, related to unrealized gains and losses on interest rate swaps. At March 31, 2024, there was no deferred income tax provision or benefit related to net unrealized gains and losses on available-for-sale marketable debt securities and less than $0.1 million of deferred income tax provision at March 31, 2023.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
SEGMENT INFORMATION	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION Our reportable segments currently consist of Dotdash Meredith (Print and Digital), Angi Inc. (Ads and Leads, Services and International) and Search. Our CODM regularly reviews certain financial information by operating segment to determine allocation of resources and assess its performance. Segment profitability is determined by and presented on an Adjusted EBITDA basis consistent with the CODM’s view of profitability of its businesses, which excludes certain expenses that are required in accordance with GAAP. While not considered a reportable segment, Emerging & Other comprises various operating segments that do not meet the quantitative thresholds that require presentation as separate reportable segments. The following table presents revenue by reportable segment: Three Months Ended March 31, 2024 2023 (In thousands) Revenue Dotdash Meredith Digital $ 209,324 $ 184,797 Print 185,900 207,016 Intersegment eliminations (a) (4,684) (4,231) Total Dotdash Meredith 390,540 387,582 Angi Inc. Domestic: Ads and Leads 249,585 293,506 Services 20,451 32,059 Total Domestic 270,036 325,565 International 35,354 29,932 Total Angi Inc. 305,390 355,497 Search 108,473 152,475 Emerging & Other 126,541 192,403 Intersegment eliminations (b) (1,264) (3,686) Total $ 929,680 $ 1,084,271 _____________________ (a) Intersegment eliminations primarily relates to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print. (b) Intersegment eliminations primarily relates to advertising sold by Dotdash Meredith to other IAC owned businesses and Ads and Leads revenue earned from sales to Roofing within Emerging & Other, prior to its sale on November 1, 2023. The following table presents the revenue of the Company's reportable segments disaggregated by type of service: Three Months Ended March 31, 2024 2023 (In thousands) Dotdash Meredith Digital: Advertising revenue $ 132,899 $ 111,817 Performance marketing revenue 51,544 50,055 Licensing and other revenue 24,881 22,925 Total Digital revenue 209,324 184,797 Print: Subscription revenue 77,991 85,637 Advertising revenue 42,473 47,850 Project and other revenue 28,554 28,109 Newsstand revenue 26,286 32,246 Performance marketing revenue 10,596 13,174 Total Print revenue 185,900 207,016 Three Months Ended March 31, 2024 2023 (In thousands) Intersegment eliminations (a) (4,684) (4,231) Total Dotdash Meredith revenue $ 390,540 $ 387,582 Angi Inc. Domestic: Ads and Leads: Consumer connection revenue $ 160,531 $ 212,935 Advertising revenue 77,137 67,181 Membership subscription revenue 11,778 13,199 Other revenue 139 191 Total Ads and Leads revenue 249,585 293,506 Services revenue 20,451 32,059 Total Domestic revenue 270,036 325,565 International: Consumer connection revenue 29,669 24,745 Service professional membership subscription revenue 5,382 5,058 Advertising and other revenue 303 129 Total International revenue 35,354 29,932 Total Angi Inc. revenue $ 305,390 $ 355,497 Search Advertising revenue: Google advertising revenue $ 103,519 $ 140,734 Non-Google advertising revenue 4,442 10,973 Total advertising revenue 107,961 151,707 Other revenue 512 768 Total Search revenue $ 108,473 $ 152,475 Emerging & Other Subscription revenue $ 64,187 $ 86,400 Marketplace revenue 57,592 58,419 Roofing revenue — 38,372 Media production and distribution revenue 1,539 3,615 Advertising revenue: Non-Google advertising revenue 2,717 2,899 Google advertising revenue 258 263 Total advertising revenue 2,975 3,162 Service and other revenue 248 2,435 Total Emerging & Other revenue $ 126,541 $ 192,403 Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended March 31, 2024 2023 (In thousands) Revenue: United States $ 806,159 $ 952,672 All other countries 123,521 131,599 Total $ 929,680 $ 1,084,271 March 31, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 706,900 $ 743,914 All other countries 9,367 10,964 Total $ 716,267 $ 754,878 The following tables present operating (loss) income and Adjusted EBITDA by reportable segment: Three Months Ended March 31, 2024 2023 (In thousands) Operating (loss) income Dotdash Meredith Digital $ (180) $ (17,887) Print (5,121) (5,756) Other (c)(d) (15,528) (87,591) Total Dotdash Meredith (20,829) (111,234) Angi Inc. Ads and Leads 19,821 13,480 Services (7,501) (12,452) Other (c) (15,117) (14,939) International 5,513 3,030 Total Angi Inc. 2,716 (10,881) Search 4,356 10,770 Emerging & Other (8,010) 11,856 Corporate (37,411) (36,107) Total $ (59,178) $ (135,596) _____________________ (c) Other comprises unallocated corporate expenses. (d) Dotdash Meredith Other operating loss for the three months ended March 31, 2023 includes impairment charges of $70.0 million related to unoccupied leased office space, of which $25.3 million is presented in "Depreciation" in the statement of operations and, therefore, is excluded from Adjusted EBITDA. Impairment charges related to unoccupied leased office space included in Adjusted EBITDA are $44.7 million for the three months ended March 31, 2023. See " Note 2—Financial Instruments and Fair Value Measurements " for additional information. Three Months Ended March 31, 2024 2023 (In thousands) Adjusted EBITDA (e) : Dotdash Meredith Digital $ 36,959 $ 24,403 Print 2,947 11,334 Other (c)(d) (9,664) (58,854) Total Dotdash Meredith 30,242 (23,117) Angi Inc. Ads and Leads 41,221 39,851 Services 10 (2,168) Other (c) (11,921) (12,354) International 6,652 4,354 Total Angi Inc. 35,962 29,683 Search 4,377 10,791 Emerging & Other (4,206) 15,599 Corporate (23,345) (23,833) Total $ 43,030 $ 9,123 _____________________ (e) The Company's primary financial and GAAP segment measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements, if applicable. We consider operating (loss) income to be the financial measure calculated and presented in accordance with GAAP that is most directly comparable to our segment reporting performance measure, Adjusted EBITDA. The following tables reconcile operating (loss) income for the Company's reportable segments and net earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended March 31, 2024 Operating Stock-based Depreciation Amortization Adjusted EBITDA (e) (In thousands) Dotdash Meredith Digital $ (180) $ 2,200 $ 4,857 $ 30,082 $ 36,959 Print (5,121) 446 2,537 5,085 2,947 Other (c) (15,528) 4,703 1,161 — (9,664) Total Dotdash Meredith (20,829) 7,349 8,555 35,167 30,242 Angi Inc. Ads and Leads 19,821 4,465 16,935 — 41,221 Services (7,501) 1,381 6,130 — 10 Other (c) (15,117) 3,196 — — (11,921) International 5,513 355 784 — 6,652 Total Angi Inc. 2,716 9,397 23,849 — 35,962 Search 4,356 — 21 — 4,377 Emerging & Other (8,010) 410 1,833 1,561 (4,206) Corporate (f) (37,411) 11,751 2,315 — (23,345) Total (59,178) $ 28,907 $ 36,573 $ 36,728 $ 43,030 Interest expense (39,718) Unrealized gain on investment in MGM Resorts International 163,751 Other income, net 34,805 Earnings before income taxes 99,660 Income tax provision (54,688) Net earnings 44,972 Net loss attributable to noncontrolling interests 59 Net earnings attributable to IAC shareholders $ 45,031 _____________________ (f) Includes stock-based compensation expense for stock-based awards granted to employees of Corporate, Search and all Emerging & Other businesses other than Vivian Health in the three months ended March 31, 2024 and 2023. The three months ended March 31, 2023 also excludes stock-based compensation granted to employees of Roofing within Emerging & Other, which was sold on November 1, 2023. Three Months Ended March 31, 2023 Operating Stock-based Depreciation Amortization Adjusted EBITDA (e) (In thousands) Dotdash Meredith Digital $ (17,887) $ 1,695 $ 5,244 $ 35,351 $ 24,403 Print (5,756) 146 2,635 14,309 11,334 Other (c)(d) (87,591) 3,250 25,487 — (58,854) Total Dotdash Meredith (111,234) 5,091 33,366 49,660 (23,117) Angi Inc. Ads and Leads 13,480 5,491 18,218 2,662 39,851 Services (12,452) 4,209 6,075 — (2,168) Other (c) (14,939) 2,585 — — (12,354) International 3,030 427 897 — 4,354 Total Angi Inc. (10,881) 12,712 25,190 2,662 29,683 Search 10,770 — 21 — 10,791 Emerging & Other 11,856 517 942 2,284 15,599 Corporate (f) (36,107) 10,621 1,653 — (23,833) Total (135,596) $ 28,941 $ 61,172 $ 54,606 $ 9,123 Interest expense (38,172) Unrealized gain on investment in MGM Resorts International 704,840 Other income, net 23,749 Earnings before income taxes 554,821 Income tax provision (139,502) Net earnings 415,319 Net loss attributable to noncontrolling interests 2,456 Net earnings attributable to IAC shareholders $ 417,775

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFIT PLANS	3 Months Ended
PENSION AND POSTRETIREMENT BENEFIT PLANS	Mar. 31, 2024
Retirement Benefits [Abstract]
PENSION AND POSTRETIREMENT BENEFIT PLANS	PENSION AND POSTRETIREMENT BENEFIT PLANS The following table presents the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans: Three Months Ended March 31, 2024 2023 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 51 $ — $ — $ 53 $ — $ 1 Interest cost 729 4,787 51 871 4,777 58 Expected return on plan assets (564) (4,787) — (501) (4,771) — Actuarial (gain) loss recognition (263) — — 240 — — Net periodic benefit (credit) cost $ (47) $ — $ 51 $ 663 $ 6 $ 59 The Company froze and terminated the domestic funded pension plan as of December 31, 2022. The last of the required customary regulatory approvals of the termination of this plan was received in February 2024. The Company expects to complete the termination and settlement of this plan in the second half of 2024. The following table summarizes the weighted average expected return on plan assets used to determine the net periodic benefit (credit) cost at March 31, 2024 following the remeasurements, and December 31, 2023, respectively: March 31, 2024 December 31, 2023 Pension Domestic Domestic Expected return on plan assets 5.21 % 4.48 %

INCOME TAXES

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES At the end of each interim period, the Company estimates the annual expected effective income tax rate and applies that rate to its ordinary year-to-date earnings or loss. The income tax provision or benefit related to significant, unusual, or extraordinary items, if applicable, that will be separately reported or reported net of their related tax effects are individually computed and recognized in the interim period in which they occur. In addition, the effect of changes in enacted tax laws or rates, tax status, judgment on the realizability of a beginning-of-the-year deferred tax asset in future years or unrecognized tax benefits is recognized in the interim period in which the change occurs. The computation of the annual expected effective income tax rate at each interim period requires certain estimates and assumptions including, but not limited to, the expected pre-tax income (or loss) for the year, projections of the proportion of income (and/or loss) earned and taxed in foreign jurisdictions, permanent and temporary differences and the likelihood of the realization of deferred tax assets generated in the current year. The accounting estimates used to compute the provision or benefit for income taxes may change as new events occur, more experience is acquired, additional information is obtained or the Company's tax environment changes. To the extent that the expected annual effective income tax rate changes during a quarter, the effect of the change on prior quarters is included in income tax provision or benefit in the quarter in which the change occurs. For the three months ended March 31, 2024, the Company recorded an income tax provision of $54.7 million, which represents an effective income tax rate of 55%, which is higher than the statutory rate of 21% due primarily to the nondeductible portion of goodwill in the sale of Mosaic Group, nondeductible compensation expense, and state taxes, partially offset by research credits and the realization of a capital loss. For the three months ended March 31, 2023, the Company recorded an income tax provision of $139.5 million, which represents an effective income tax rate of 25%, which is higher than the statutory rate of 21% due primarily to state taxes and nondeductible compensation expense, partially offset by research credits. The Company's income taxes are routinely under audit by federal, state, local and foreign authorities as a result of previously filed separate company and consolidated tax returns for periods prior to the June 30, 2020 separation of IAC from Match Group (the "Match Separation") and for its tax returns filed on a standalone basis following the Match Separation. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Company is not currently under audit by the Internal Revenue Service. Returns filed in various other jurisdictions are open to examination for tax years beginning with 2013. Income taxes payable include unrecognized tax benefits considered sufficient to pay assessments that may result from the examination of prior year tax returns. The Company considers many factors when evaluating and estimating its tax positions and tax benefits, which may not accurately anticipate actual outcomes and, therefore, may require periodic adjustment. Although management currently believes changes in unrecognized tax benefits from period to period and differences between amounts paid, if any, upon resolution of issues raised in audits and amounts previously provided will not have a material impact on the liquidity, results of operations, or financial condition of the Company, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future. The Company recognizes interest and, if applicable, penalties related to unrecognized tax benefits in the income tax provision. At March 31, 2024 and December 31, 2023, accruals for interest and penalties are not material. At March 31, 2024 and December 31, 2023, unrecognized tax benefits, including interest and penalties, were $20.8 million and $19.6 million, respectively. Unrecognized tax benefits, including interest and penalties, at March 31, 2024 increased by $1.2 million due primarily to research credits. If unrecognized tax benefits at March 31, 2024 are subsequently recognized, $19.7 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 $0.4 million by March 31, 2025 due to expected settlements and statute expirations, all of which would reduce the income tax provision.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
EARNINGS PER SHARE	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The Company treats its common stock and Class B common stock as one class of stock for net earnings per share ("EPS") purposes as both classes of stock participate in earnings, dividends and other distributions on the same basis. The restricted stock award granted to our Chief Executive Officer ("CEO") on November 5, 2020 is a participating security and the Company calculates basic EPS using the two-class method since those restricted shares are unvested and have a non-forfeitable dividend right in the event the Company declares a cash dividend on common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Diluted EPS is calculated, on the most dilutive basis, which excludes awards that would be anti-dilutive, including the restricted stock award granted to our CEO. Undistributed earnings allocated to the participating security is subtracted from earnings in determining earnings attributable to holders of IAC common stock and Class B common stock for basic EPS. Basic EPS is computed by dividing net earnings 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 attributable to holders of IAC common stock and Class B common stock is adjusted for the impact from our public subsidiary's dilutive securities, if applicable, and the reallocation of undistributed earnings allocated to the participating security by the weighted-average number of common stock and Class B common stock outstanding plus dilutive securities during the period. The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows: Three Months Ended March 31, 2024 2023 (In thousands, except per share data) Basic EPS: Numerator: Net earnings $ 44,972 $ 415,319 Net loss attributable to noncontrolling interests 59 2,456 Net earnings attributed to unvested participating security (1,571) (14,156) Net earnings attributable to IAC common stock and Class B common stock shareholders $ 43,460 $ 403,619 Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 82,972 85,534 Earnings per share: Earnings per share attributable to IAC common stock and Class B common stock shareholders $ 0.52 $ 4.72 Three Months Ended March 31, 2024 2023 (In thousands, except per share data) Diluted EPS: Numerator: Net earnings $ 44,972 $ 415,319 Net loss attributable to noncontrolling interests 59 2,456 Net earnings attributed to unvested participating security (1,521) (13,720) Impact from public subsidiaries' dilutive securities (b) — — Net earnings attributable to IAC common stock and Class B common stock shareholders $ 43,510 $ 404,055 Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 82,972 85,534 Dilutive securities (b)(c) 2,886 2,819 Denominator for earnings per share—weighted average shares (b)(c) 85,858 88,353 Earnings per share: Earnings per share attributable to IAC common stock and Class B common stock shareholders $ 0.51 $ 4.57 _____________________ (a) On November 5, 2020, IAC's CEO was granted a stock-based award in the form of 3.0 million shares of restricted common stock. The number of shares that ultimately vests is subject to the satisfaction of growth targets in IAC's stock price over the 10-year service condition of the award. These restricted shares have a non-forfeitable dividend right in the event the Company declares a cash dividend on its common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Accordingly, the two-class method of calculating EPS is used. While the restricted shares are presented as outstanding shares in the balance sheet, these shares are excluded from the weighted average shares outstanding in calculating basic EPS and the allocable portion of net earnings are also excluded. Fully diluted EPS reflects the impact on earnings and fully diluted shares in the manner that is most dilutive. (b) IAC has the option to settle certain Angi Inc. stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi Inc.'s dilutive securities in IAC common shares. For the three months ended March 31, 2024 and 2023, these Angi Inc. equity awards were anti-dilutive. (c) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted common stock, and restricted stock units ("RSUs"). For the three months ended March 31, 2024 and 2023, 3.4 million and 3.3 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted EPS because their inclusion would have been anti-dilutive.

FINANCIAL STATEMENT DETAILS

FINANCIAL STATEMENT DETAILS	3 Months Ended
FINANCIAL STATEMENT DETAILS	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
FINANCIAL STATEMENT DETAILS	FINANCIAL STATEMENT DETAILS Cash and Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows: March 31, 2024 December 31, 2023 March 31, 2023 December 31, 2022 (In thousands) Cash and cash equivalents $ 1,506,988 $ 1,297,445 $ 1,398,836 $ 1,417,390 Restricted cash included in other current assets 8,560 8,539 1,081 1,165 Restricted cash included in other non-current assets 253 257 7,640 7,514 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,515,801 $ 1,306,241 $ 1,407,557 $ 1,426,069 Restricted cash included in "Other current assets" in the balance sheet at March 31, 2024 and December 31, 2023 and primarily consists of cash held in escrow related to the funded pension plan in the United Kingdom. and cash held related to insurance programs at Care.com. Restricted cash included in "Other non-current assets" in the balance sheet at March 31, 2024 and December 31, 2023 consists of deposits related to leases. Restricted cash included in "Other current assets" in the balance sheet at March 31, 2023 and 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 March 31, 2023 and December 31, 2022 primarily consists of cash held in escrow related to the funded pension plan in the U.K as well as a check endorsement guarantee at Roofing within Emerging & Other and deposits related to leases. Credit Losses The following table presents the changes in the allowance for credit losses for the three months ended March 31, 2024 and 2023, respectively: 2024 2023 (In thousands) Balance at January 1 $ 32,379 $ 50,971 Current period provision for credit losses 16,139 24,826 Write-offs charged against the allowance (22,076) (29,308) Recoveries collected 1,435 1,489 Other 17 (466) Balance at March 31 $ 27,894 $ 47,512 Accumulated Amortization and Depreciation The following table provides the accumulated depreciation and amortization within the balance sheet: Asset Category March 31, 2024 December 31, 2023 (In thousands) Capitalized software, buildings, equipment and leasehold improvements $ 385,568 $ 374,256 Intangible assets $ 648,477 $ 636,645 Other income, net Three Months Ended March 31, 2024 2023 (In thousands) Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values (a) $ 25,941 $ (1,301) Interest income 21,597 16,930 Unrealized (decrease) increase in the estimated fair value of a warrant (10,232) 5,940 Foreign exchange (losses) gains, net (1,741) 509 Unrealized loss related to marketable equity securities — (1,150) Other (760) 2,821 Other income, net $ 34,805 $ 23,749 _____________________ (a) Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group (within Emerging & Other), which was accounted for as a sale of a business, in the three months ended March 31, 2024.

CONTINGENCIES

CONTINGENCIES	3 Months Ended
CONTINGENCIES	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the ordinary course of business, the Company is a party to various lawsuits. The Company establishes accruals for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where it believes an unfavorable outcome is not probable and, therefore, no accrual is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, 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 uncertain income tax positions and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the liquidity, results of operations, or financial condition of the Company. See " Note 7—Income Taxes " for information related to uncertain income tax positions.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS IAC and Angi Inc. Allocation of CEO Compensation and Certain Expenses Joseph Levin, CEO of IAC and Chairman of Angi Inc., was appointed CEO of Angi Inc. on October 10, 2022. As a result, for the three months ended March 31, 2024 and 2023, IAC allocated $2.2 million and $2.3 million, respectively, in costs to Angi Inc. (including salary, benefits, stock-based compensation and costs related to the CEO's office). These costs were allocated from IAC based upon time spent on Angi Inc. by Mr. Levin. Management considers the allocation method to be reasonable. The allocated costs also include costs directly attributable to Angi Inc. that were initially paid for by IAC and billed by IAC to Angi Inc. On April 8, 2024, Jeffrey W. Kip, President of Angi Inc., was appointed to succeed Joseph Levin as CEO of Angi Inc. Mr. Levin will remain Chairman of the Angi Inc. board of directors. The Combination and Related Agreements The Company and Angi Inc., in connection with the transaction resulting in the formation of Angi Inc. in 2017, which is referred to as the "Combination," entered into a contribution agreement; an investor rights agreement; a services agreement; a tax sharing agreement; and an employee matters agreement, which collectively govern the relationship between IAC and Angi Inc. IAC and Vimeo Inc. ("Vimeo") In connection with the spin-off of Vimeo from IAC, the parties entered in several agreements to govern their relationship following the completion of the transaction, certain of which remain in effect and are as follows: a separation agreement, a tax matters agreement and an employee matters agreement. Following the completion of the transaction, Vimeo and IAC entered into certain commercial agreements, including lease agreements. The Company and Vimeo are related parties because Mr. Diller is the beneficial owner of more than 10% of the voting interests in both IAC and Vimeo. The Company charged Vimeo rent pursuant to lease agreements of $0.9 million for both the three months ended March 31, 2024 and 2023. The Company had an outstanding receivable of $0.3 million at both March 31, 2024 and December 31, 2023 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 March 31, 2024, the Company and Expedia Group each had a 50% ownership interest in two aircraft that may be used by both companies. Members of the aircraft flight crews are employed by an entity in which the Company and Expedia Group each have a 50% ownership interest. The Company and Expedia Group have agreed to share costs relating to flight crew compensation and benefits pro-rata according to each company’s respective usage of the aircraft, for which they are separately billed by the entity described above. The Company and Expedia Group are related parties because Mr. Diller serves as Chairman and Senior Executive of both IAC and Expedia Group. For the three months ended March 31, 2024 and 2023, total payments made to this entity by the Company were not material.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income attributable to MGM	$ 45,031	$ 417,775

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 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

THE COMPANY AND SUMMARY OF SI_2

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations IAC today is comprised of category leading businesses, including Dotdash Meredith, Angi Inc. and Care.com, as well as others ranging from early stage to established businesses. As used herein, “IAC,” the “Company,” “we,” “our,” “us” and other similar terms refer to IAC Inc. and its subsidiaries (unless the context requires otherwise).
Basis of Presentation	Basis of Presentation The Company prepares its consolidated financial statements (referred to herein as "financial statements") in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). The financial statements include the accounts of the Company, all entities that are wholly-owned by the Company and all entities in which the Company has a controlling financial interest. All intercompany transactions and balances between and among the Company and its subsidiaries have been eliminated. The unaudited interim financial statements have been prepared in accordance with GAAP for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and notes required by GAAP for complete annual financial statements. In the opinion of management, the unaudited interim financial statements include all normal recurring adjustments considered necessary for a fair presentation. Interim results are not necessarily indicative of the results that may be expected for the full year. The unaudited interim financial statements should be read in conjunction with the annual audited financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.
Accounting Estimates	Accounting Estimates Management of the Company is required to make certain estimates, judgments and assumptions during the preparation of its financial statements in accordance with GAAP. These estimates, judgments and assumptions impact the reported amounts of assets, liabilities, revenue and expenses and the related disclosure of assets and liabilities. Actual results could differ from these estimates. On an ongoing basis, the Company evaluates its estimates, judgments and assumptions, including those related to: the fair values of cash equivalents and marketable debt and equity securities; the carrying value of accounts receivable, including the determination of the allowance for credit losses; the determination of the customer relationship period for certain costs to obtain a contract with a customer; the recoverability of right-of-use assets ("ROU assets"); the useful lives and recoverability of capitalized software, buildings, equipment and leasehold improvements and definite-lived intangible assets; the recoverability of goodwill and indefinite-lived intangible assets; the fair value of equity securities without readily determinable fair values; the fair value of interest rate swaps; contingencies; unrecognized tax benefits; the liability for potential refunds and customer credits; the valuation allowance for deferred income tax assets; pension and postretirement benefit expenses, including actuarial assumptions regarding discount rates, expected returns on plan assets, inflation and healthcare costs; and the fair value of and forfeiture rates for stock-based awards, among others. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and other factors that the Company considers relevant.
Interest Rate Swaps	Interest Rate Swaps In March 2023, Dotdash Meredith entered into interest rate swaps for a total notional amount of $350 million, which synthetically converted a portion of the Dotdash Meredith Term Loan B from a variable rate to a fixed rate to manage interest rate risk exposure, beginning on April 3, 2023. Dotdash Meredith designated the interest rate swaps as cash flow hedges and applies hedge accounting to these contracts in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 815, Derivatives and Hedging . As cash flow hedges, the interest rate swaps are recognized at fair value on the balance sheet as either assets or liabilities, with the changes in fair value recorded in "Accumulated other comprehensive loss" in the balance sheet and reclassified into “Interest expense” in the statement of operations in the periods in which the interest rate swaps affect earnings. Dotdash Meredith assessed hedge effectiveness at the time of entering into these agreements and determined these interest rate swaps are expected to be highly effective. Dotdash Meredith evaluates the hedge effectiveness of the interest rate swaps quarterly, or more frequently, if necessary, by verifying (i) that the critical terms of the interest rate swaps continue to match the critical terms of the hedged interest payments and (ii) that it is probable the counterparties will not default. If the two requirements are met, the interest rate swaps are determined to be effective and all changes in the fair value of the interest rate swaps are recorded in "Accumulated other comprehensive loss." The cash flows related to interest settlements of the hedged monthly interest payments are classified as operating activities in the statement of cash flows, consistent with the interest expense on the related Dotdash Meredith Term Loan B. See " Note 3—Long-term Debt " for additional information.
General Revenue Recognition	General Revenue Recognition The Company accounts for a contract with a customer when it has approval and commitment from all authorized parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Revenue is recognized when control of the promised services or goods is transferred to the Company's customers and in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or goods. The Company's disaggregated revenue disclosures are presented in " Note 5—Segment Information ." Deferred Revenue Deferred revenue consists of payments that are received or are contractually due in advance of the Company's performance obligation. The Company’s deferred revenue is reported on a contract-by-contract basis at the end of each reporting period. The Company classifies deferred revenue as current when the remaining term or expected completion of its performance obligation is one year or less. The current and non-current deferred revenue balances were $128.2 million and $0.2 million, respectively, at March 31, 2024, and $143.4 million and $0.1 million, respectively, at December 31, 2023. During the three months ended March 31, 2024, the Company recognized $79.2 million of revenue that was included in the deferred revenue balance at December 31, 2023. The deferred revenue balance at March 31, 2024 also reflects the reduction of $33.2 million related to the sale of Mosaic Group in the first quarter of 2024. During the three months ended March 31, 2023, the Company recognized $95.6 million of revenue that was included in the deferred revenue balance at December 31, 2022. The current and non-current deferred revenue balances were $157.1 million and $0.2 million, respectively, at December 31, 2022. Non-current deferred revenue is included in "Other long-term liabilities" in the balance sheet. Practical Expedients and Exemptions For contracts that have an original duration of one year or less, the Company uses the practical expedient available under ASC Topic 606, Revenue from Contracts with Customers ("ASC 606"), applicable to such contracts and does not consider the time value of money. In addition, as permitted under the practical expedient available under ASC 606, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is tied to sales-based or usage-based royalties, allocated entirely to unsatisfied performance obligations, or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which it has the right to invoice for services performed. The Company also applies the practical expedient to expense sales commissions as incurred where the anticipated customer relationship period is one year or less.
Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement")	Certain Risks and Concentrations—Services Agreement with Google (the "Services Agreement") The Company and Google are parties to an amended Services Agreement, which automatically renewed effective March 31, 2023 and now expires on March 31, 2025. The Company earns certain other advertising revenue from Google that is not attributable to the Services Agreement. A meaningful portion of the Company’s net cash from operating activities that it can freely access is attributable to revenue earned pursuant to the Services Agreement and other revenue earned from Google.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recent Accounting Pronouncements Adopted by the Company There were no recently issued accounting pronouncements adopted by the Company during the three months ended March 31, 2024. Recent Accounting Pronouncements Not Yet Adopted by the Company Accounting Standards Update ("ASU") 2023-07—Segment Reporting (Topic 280)—Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU No. 2023-07 , which is intended to provide users of financial statements with more decision-useful information about reportable segments of a public business entity, primarily through enhanced disclosures of significant segment expenses. This ASU requires annual and interim disclosures of significant expenses that are regularly provided to the chief operating decision maker ("CODM") and included within each reported measure of segment profit or loss and an amount and description of its composition of other segment items. The provisions of this ASU also require entities to include all annual disclosures required by Topic 280 in the interim periods and permits entities to include multiple measures of a segment's profit or loss if such measures are used by the CODM to assess segment performance and determine allocation of resources, provided that at least one of those measures is determined in a way that is consistent with the measurement principles under GAAP. The amendments in ASU 2023-07 apply retrospectively and are effective for fiscal years beginning after December 15, 2023 and interim periods after December 15, 2024. Early adoption is permitted. The Company does not plan to early adopt and is currently assessing the impact of adopting the updated guidance on the financial statements. ASU 2023-09—Income Taxes (Topic 740)—Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU No. 2023-09 , which establishes required categories and a quantitative threshold to the annual tabular rate reconciliation disclosure and disaggregated jurisdictional disclosures of income taxes paid. The guidance's annual requirements are effective for the Company beginning with the December 31, 2025 reporting period. Early adoption is permitted and prospective disclosure should be applied, however, retrospective disclosure is permitted. The Company is currently assessing the pronouncement and its impact on its income tax disclosures, but it does not impact the Company's results of operations, financial condition or cash flows.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current year presentation.

FINANCIAL INSTRUMENTS AND FAI_2

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Marketable Securities	At March 31, 2024 and December 31, 2023, the fair value of marketable securities are as follows: March 31, 2024 December 31, 2023 (In thousands) Available-for-sale marketable debt securities $ 136,459 $ 148,998 Total marketable securities $ 136,459 $ 148,998
Schedule of Current Available-for-sale Marketable Securities	At March 31, 2024 and December 31, 2023, current available-for-sale marketable debt securities are as follows: March 31, 2024 December 31, 2023 Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Treasury discount notes $ 136,460 $ 1 $ (2) $ 136,459 $ 148,971 $ 27 $ — $ 148,998 Total available-for-sale marketable debt securities $ 136,460 $ 1 $ (2) $ 136,459 $ 148,971 $ 27 $ — $ 148,998
Schedule of Investment in MGM Resorts International	Investment in MGM Resorts International March 31, 2024 December 31, 2023 (In thousands) Investment in MGM $ 3,055,601 $ 2,891,850 The following table presents MGM's summarized financial information for the three months ended March 31, 2024. As noted above, the Company has elected to account for its investment in MGM pursuant to the fair value option. By electing the fair value option, the Company’s investment in MGM is remeasured each reporting period with any changes recognized through income based on MGM’s closing stock price. As a result, the value of our investment and the financial impacts in any given period are not necessarily correlated with the income statement information presented below. Three Months Ended March 31, 2024 (In thousands) Revenues $ 4,383,470 Expenses $ 3,899,968 Net income $ 299,726 Net income attributable to MGM $ 217,476
Schedule of Long-term Investments	Long-term investments consist of: March 31, 2024 December 31, 2023 (In thousands) Equity securities without readily determinable fair values $ 396,981 $ 404,848 Other 5,104 6,368 Total long-term investments $ 402,085 $ 411,216
Schedule of Realized and Unrealized Gains and Losses	The following table presents a summary of unrealized pre-tax gains and losses recorded in "Other income, net" in the statement of operations as adjustments to the carrying value of equity securities without readily determinable fair values held at March 31, 2024 and 2023. Three Months Ended March 31, 2024 2023 (In thousands) Downward adjustments including impairments (gross unrealized pre-tax losses) $ (7,867) $ (822) Total $ (7,867) $ (822) Realized and unrealized pre-tax gains and losses for the Company's investments without readily determinable fair values for the three months ended March 31, 2024 and 2023 are as follows: Three Months Ended March 31, 2024 2023 (In thousands) Realized pre-tax gains, net, for equity securities sold $ 4,434 $ 7 Unrealized pre-tax losses, net, on equity securities held (7,867) (822) Total pre-tax losses, net recognized $ (3,433) $ (815)
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: March 31, 2024 Level 1 Level 2 Level 3 Total Fair Value (In thousands) Assets: Cash equivalents: Money market funds $ 901,889 $ — $ — $ 901,889 Treasury discount notes — 273,747 — 273,747 Time deposits — 19,288 — 19,288 Marketable securities: Treasury discount notes — 136,459 — 136,459 Investment in MGM 3,055,601 — — 3,055,601 Other non-current assets: Warrant — — 39,400 39,400 Interest rate swaps (a) — 3,914 — 3,914 Total $ 3,957,490 $ 433,408 $ 39,400 $ 4,430,298 _____________________ (a) Interest rate swaps relate to the $350 million notional amount entered into to hedge Dotdash Meredith's Term Loan B. The related asset at March 31, 2024 and liability at December 31, 2023 are included in "Other non-current assets" and "Other long-term liabilities," respectively, in the balance sheet. See " Note 1—The Company and Summary of Significant Accounting Policies " and " Note 3—Long-term Debt " for additional information. The fair value of interest rate swaps was determined using discounted cash flows derived from observable market prices, including swap curves, which are Level 2 inputs. December 31, 2023 Level 1 Level 2 Level 3 Total Fair Value (In thousands) Assets: Cash equivalents: Money market funds $ 910,849 $ — $ — $ 910,849 Treasury discount notes — 87,251 — 87,251 Time deposits — 19,497 — 19,497 Marketable securities: Treasury discount notes — 148,998 — 148,998 Investment in MGM 2,891,851 — — 2,891,851 Other non-current assets: Warrant — — 49,631 49,631 Total $ 3,802,700 $ 255,746 $ 49,631 $ 4,108,077 Liabilities: Other long-term liabilities Interest rate swaps (a) $ — $ (907) $ — $ (907)
Schedule of Changes in Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table presents the changes in the Company's financial instruments that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3): Three Months Ended March 31, 2024 2023 Warrant Warrant (In thousands) Balance at January 1 $ 49,631 $ 46,799 Total net (losses) gains: Fair value adjustments included in earnings (10,231) 5,940 Balance at March 31 $ 39,400 $ 52,739

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	3 Months Ended
LONG-TERM DEBT (Tables)	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consists of: March 31, 2024 December 31, 2023 (In thousands) Dotdash Meredith Debt Dotdash Meredith Term Loan A ("Dotdash Meredith Term Loan A") due December 1, 2026 $ 310,625 $ 315,000 Dotdash Meredith Term Loan B ("Dotdash Meredith Term Loan B") due December 1, 2028 1,221,875 1,225,000 Total Dotdash Meredith long-term debt 1,532,500 1,540,000 Less: current portion of Dotdash Meredith long-term debt 34,375 30,000 Less: original issue discount 4,259 4,470 Less: unamortized debt issuance costs 7,979 8,423 Total Dotdash Meredith long-term debt, net 1,485,887 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 3,759 3,953 Total ANGI Group long-term debt, net 496,241 496,047 Total long-term debt, net $ 1,982,128 $ 1,993,154

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	Mar. 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. Three Months Ended March 31, 2024 Foreign Currency Translation Adjustment Unrealized (Losses) Gains On Interest Rate Swaps Unrealized Gains (Losses) On Available-For-Sale Accumulated Other Comprehensive (Loss) Income (In thousands) Balance at January 1 $ (10,266) $ (696) $ 20 $ (10,942) Other comprehensive (loss) income before reclassifications (1,064) 5,040 (22) 3,954 Amounts reclassified to earnings 1,436 (1,343) — 93 Net current period other comprehensive income (loss) 372 3,697 (22) 4,047 Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 Balance at March 31 $ (9,892) $ 3,001 $ (2) $ (6,893) Three Months Ended March 31, 2023 Foreign Currency Translation Adjustment Unrealized Losses On Interest Rate Swaps Unrealized Gains (Losses) On Available-For-Sale Accumulated Other Comprehensive Loss (In thousands) Balance at January 1 $ (13,186) $ — $ 53 $ (13,133) Other comprehensive income (loss) 803 (2,287) (26) (1,510) Net current period other comprehensive income (loss) 803 (2,287) (26) (1,510) Accumulated other comprehensive loss allocated to noncontrolling interests during the period 2 — — 2 Balance at March 31 $ (12,381) $ (2,287) $ 27 $ (14,641)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
SEGMENT INFORMATION (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	The following table presents revenue by reportable segment: Three Months Ended March 31, 2024 2023 (In thousands) Revenue Dotdash Meredith Digital $ 209,324 $ 184,797 Print 185,900 207,016 Intersegment eliminations (a) (4,684) (4,231) Total Dotdash Meredith 390,540 387,582 Angi Inc. Domestic: Ads and Leads 249,585 293,506 Services 20,451 32,059 Total Domestic 270,036 325,565 International 35,354 29,932 Total Angi Inc. 305,390 355,497 Search 108,473 152,475 Emerging & Other 126,541 192,403 Intersegment eliminations (b) (1,264) (3,686) Total $ 929,680 $ 1,084,271 _____________________ (a) Intersegment eliminations primarily relates to Digital performance marketing commissions earned for the placement of magazine subscriptions for Print. (b) Intersegment eliminations primarily relates to advertising sold by Dotdash Meredith to other IAC owned businesses and Ads and Leads revenue earned from sales to Roofing within Emerging & Other, prior to its sale on November 1, 2023. The following tables present operating (loss) income and Adjusted EBITDA by reportable segment: Three Months Ended March 31, 2024 2023 (In thousands) Operating (loss) income Dotdash Meredith Digital $ (180) $ (17,887) Print (5,121) (5,756) Other (c)(d) (15,528) (87,591) Total Dotdash Meredith (20,829) (111,234) Angi Inc. Ads and Leads 19,821 13,480 Services (7,501) (12,452) Other (c) (15,117) (14,939) International 5,513 3,030 Total Angi Inc. 2,716 (10,881) Search 4,356 10,770 Emerging & Other (8,010) 11,856 Corporate (37,411) (36,107) Total $ (59,178) $ (135,596) _____________________ (c) Other comprises unallocated corporate expenses. (d) Dotdash Meredith Other operating loss for the three months ended March 31, 2023 includes impairment charges of $70.0 million related to unoccupied leased office space, of which $25.3 million is presented in "Depreciation" in the statement of operations and, therefore, is excluded from Adjusted EBITDA. Impairment charges related to unoccupied leased office space included in Adjusted EBITDA are $44.7 million for the three months ended March 31, 2023. See " Note 2—Financial Instruments and Fair Value Measurements " for additional information. Three Months Ended March 31, 2024 2023 (In thousands) Adjusted EBITDA (e) : Dotdash Meredith Digital $ 36,959 $ 24,403 Print 2,947 11,334 Other (c)(d) (9,664) (58,854) Total Dotdash Meredith 30,242 (23,117) Angi Inc. Ads and Leads 41,221 39,851 Services 10 (2,168) Other (c) (11,921) (12,354) International 6,652 4,354 Total Angi Inc. 35,962 29,683 Search 4,377 10,791 Emerging & Other (4,206) 15,599 Corporate (23,345) (23,833) Total $ 43,030 $ 9,123 _____________________ (e) The Company's primary financial and GAAP segment measure is Adjusted EBITDA, which is defined as operating income excluding: (1) stock-based compensation expense; (2) depreciation; and (3) acquisition-related items consisting of (i) amortization of intangible assets and impairments of goodwill and intangible assets, if applicable, and (ii) gains and losses recognized on changes in the fair value of contingent consideration arrangements, if applicable.
Schedule of Disaggregation of Segment Revenue	The following table presents the revenue of the Company's reportable segments disaggregated by type of service: Three Months Ended March 31, 2024 2023 (In thousands) Dotdash Meredith Digital: Advertising revenue $ 132,899 $ 111,817 Performance marketing revenue 51,544 50,055 Licensing and other revenue 24,881 22,925 Total Digital revenue 209,324 184,797 Print: Subscription revenue 77,991 85,637 Advertising revenue 42,473 47,850 Project and other revenue 28,554 28,109 Newsstand revenue 26,286 32,246 Performance marketing revenue 10,596 13,174 Total Print revenue 185,900 207,016 Three Months Ended March 31, 2024 2023 (In thousands) Intersegment eliminations (a) (4,684) (4,231) Total Dotdash Meredith revenue $ 390,540 $ 387,582 Angi Inc. Domestic: Ads and Leads: Consumer connection revenue $ 160,531 $ 212,935 Advertising revenue 77,137 67,181 Membership subscription revenue 11,778 13,199 Other revenue 139 191 Total Ads and Leads revenue 249,585 293,506 Services revenue 20,451 32,059 Total Domestic revenue 270,036 325,565 International: Consumer connection revenue 29,669 24,745 Service professional membership subscription revenue 5,382 5,058 Advertising and other revenue 303 129 Total International revenue 35,354 29,932 Total Angi Inc. revenue $ 305,390 $ 355,497 Search Advertising revenue: Google advertising revenue $ 103,519 $ 140,734 Non-Google advertising revenue 4,442 10,973 Total advertising revenue 107,961 151,707 Other revenue 512 768 Total Search revenue $ 108,473 $ 152,475 Emerging & Other Subscription revenue $ 64,187 $ 86,400 Marketplace revenue 57,592 58,419 Roofing revenue — 38,372 Media production and distribution revenue 1,539 3,615 Advertising revenue: Non-Google advertising revenue 2,717 2,899 Google advertising revenue 258 263 Total advertising revenue 2,975 3,162 Service and other revenue 248 2,435 Total Emerging & Other revenue $ 126,541 $ 192,403
Schedule of Revenue and Long-lived Assets, Excluding Goodwill and Intangible Assets, by Geography	Revenue by geography is based on where the customer is located. Geographic information about revenue and long-lived assets is presented below: Three Months Ended March 31, 2024 2023 (In thousands) Revenue: United States $ 806,159 $ 952,672 All other countries 123,521 131,599 Total $ 929,680 $ 1,084,271 March 31, December 31, (In thousands) Long-lived assets (excluding goodwill and intangible assets): United States $ 706,900 $ 743,914 All other countries 9,367 10,964 Total $ 716,267 $ 754,878
Schedule of Reconciliation of Adjusted EBITDA to Operating Income (Loss)	The following tables reconcile operating (loss) income for the Company's reportable segments and net earnings attributable to IAC shareholders to Adjusted EBITDA: Three Months Ended March 31, 2024 Operating Stock-based Depreciation Amortization Adjusted EBITDA (e) (In thousands) Dotdash Meredith Digital $ (180) $ 2,200 $ 4,857 $ 30,082 $ 36,959 Print (5,121) 446 2,537 5,085 2,947 Other (c) (15,528) 4,703 1,161 — (9,664) Total Dotdash Meredith (20,829) 7,349 8,555 35,167 30,242 Angi Inc. Ads and Leads 19,821 4,465 16,935 — 41,221 Services (7,501) 1,381 6,130 — 10 Other (c) (15,117) 3,196 — — (11,921) International 5,513 355 784 — 6,652 Total Angi Inc. 2,716 9,397 23,849 — 35,962 Search 4,356 — 21 — 4,377 Emerging & Other (8,010) 410 1,833 1,561 (4,206) Corporate (f) (37,411) 11,751 2,315 — (23,345) Total (59,178) $ 28,907 $ 36,573 $ 36,728 $ 43,030 Interest expense (39,718) Unrealized gain on investment in MGM Resorts International 163,751 Other income, net 34,805 Earnings before income taxes 99,660 Income tax provision (54,688) Net earnings 44,972 Net loss attributable to noncontrolling interests 59 Net earnings attributable to IAC shareholders $ 45,031 _____________________ (f) Includes stock-based compensation expense for stock-based awards granted to employees of Corporate, Search and all Emerging & Other businesses other than Vivian Health in the three months ended March 31, 2024 and 2023. The three months ended March 31, 2023 also excludes stock-based compensation granted to employees of Roofing within Emerging & Other, which was sold on November 1, 2023. Three Months Ended March 31, 2023 Operating Stock-based Depreciation Amortization Adjusted EBITDA (e) (In thousands) Dotdash Meredith Digital $ (17,887) $ 1,695 $ 5,244 $ 35,351 $ 24,403 Print (5,756) 146 2,635 14,309 11,334 Other (c)(d) (87,591) 3,250 25,487 — (58,854) Total Dotdash Meredith (111,234) 5,091 33,366 49,660 (23,117) Angi Inc. Ads and Leads 13,480 5,491 18,218 2,662 39,851 Services (12,452) 4,209 6,075 — (2,168) Other (c) (14,939) 2,585 — — (12,354) International 3,030 427 897 — 4,354 Total Angi Inc. (10,881) 12,712 25,190 2,662 29,683 Search 10,770 — 21 — 10,791 Emerging & Other 11,856 517 942 2,284 15,599 Corporate (f) (36,107) 10,621 1,653 — (23,833) Total (135,596) $ 28,941 $ 61,172 $ 54,606 $ 9,123 Interest expense (38,172) Unrealized gain on investment in MGM Resorts International 704,840 Other income, net 23,749 Earnings before income taxes 554,821 Income tax provision (139,502) Net earnings 415,319 Net loss attributable to noncontrolling interests 2,456 Net earnings attributable to IAC shareholders $ 417,775

PENSION AND POSTRETIREMENT BE_2

PENSION AND POSTRETIREMENT BENEFIT PLANS (Tables)	3 Months Ended
PENSION AND POSTRETIREMENT BENEFIT PLANS (Tables)	Mar. 31, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Costs	The following table presents the components of net periodic benefit (credit) cost for the Dotdash Meredith pension and postretirement benefit plans: Three Months Ended March 31, 2024 2023 Pension Postretirement Pension Postretirement Domestic International Domestic Domestic International Domestic (In thousands) Service cost $ 51 $ — $ — $ 53 $ — $ 1 Interest cost 729 4,787 51 871 4,777 58 Expected return on plan assets (564) (4,787) — (501) (4,771) — Actuarial (gain) loss recognition (263) — — 240 — — Net periodic benefit (credit) cost $ (47) $ — $ 51 $ 663 $ 6 $ 59
Summary of the Weighted Average Expected Return on Plan Assets	The following table summarizes the weighted average expected return on plan assets used to determine the net periodic benefit (credit) cost at March 31, 2024 following the remeasurements, and December 31, 2023, respectively: March 31, 2024 December 31, 2023 Pension Domestic Domestic Expected return on plan assets 5.21 % 4.48 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
EARNINGS PER SHARE (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share	The numerator and denominator of basic and diluted EPS computations for the Company’s common stock and Class B common stock are calculated as follows: Three Months Ended March 31, 2024 2023 (In thousands, except per share data) Basic EPS: Numerator: Net earnings $ 44,972 $ 415,319 Net loss attributable to noncontrolling interests 59 2,456 Net earnings attributed to unvested participating security (1,571) (14,156) Net earnings attributable to IAC common stock and Class B common stock shareholders $ 43,460 $ 403,619 Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 82,972 85,534 Earnings per share: Earnings per share attributable to IAC common stock and Class B common stock shareholders $ 0.52 $ 4.72 Three Months Ended March 31, 2024 2023 (In thousands, except per share data) Diluted EPS: Numerator: Net earnings $ 44,972 $ 415,319 Net loss attributable to noncontrolling interests 59 2,456 Net earnings attributed to unvested participating security (1,521) (13,720) Impact from public subsidiaries' dilutive securities (b) — — Net earnings attributable to IAC common stock and Class B common stock shareholders $ 43,510 $ 404,055 Denominator: Weighted average basic IAC common stock and Class B common stock shares outstanding (a) 82,972 85,534 Dilutive securities (b)(c) 2,886 2,819 Denominator for earnings per share—weighted average shares (b)(c) 85,858 88,353 Earnings per share: Earnings per share attributable to IAC common stock and Class B common stock shareholders $ 0.51 $ 4.57 _____________________ (a) On November 5, 2020, IAC's CEO was granted a stock-based award in the form of 3.0 million shares of restricted common stock. The number of shares that ultimately vests is subject to the satisfaction of growth targets in IAC's stock price over the 10-year service condition of the award. These restricted shares have a non-forfeitable dividend right in the event the Company declares a cash dividend on its common shares and participate in all other distributions of the Company in the same manner as all other IAC common shares. Accordingly, the two-class method of calculating EPS is used. While the restricted shares are presented as outstanding shares in the balance sheet, these shares are excluded from the weighted average shares outstanding in calculating basic EPS and the allocable portion of net earnings are also excluded. Fully diluted EPS reflects the impact on earnings and fully diluted shares in the manner that is most dilutive. (b) IAC has the option to settle certain Angi Inc. stock-based awards in its shares. The impact on net earnings relates to the settlement of Angi Inc.'s dilutive securities in IAC common shares. For the three months ended March 31, 2024 and 2023, these Angi Inc. equity awards were anti-dilutive. (c) If the effect is dilutive, weighted average common shares outstanding include the incremental shares that would be issued upon the assumed exercise of stock options and subsidiary denominated equity and vesting of restricted common stock, and restricted stock units ("RSUs"). For the three months ended March 31, 2024 and 2023, 3.4 million and 3.3 million, respectively, of potentially dilutive securities were excluded from the calculation of diluted EPS because their inclusion would have been anti-dilutive.

FINANCIAL STATEMENT DETAILS (Ta

FINANCIAL STATEMENT DETAILS (Tables)	3 Months Ended
FINANCIAL STATEMENT DETAILS (Tables)	Mar. 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: March 31, 2024 December 31, 2023 March 31, 2023 December 31, 2022 (In thousands) Cash and cash equivalents $ 1,506,988 $ 1,297,445 $ 1,398,836 $ 1,417,390 Restricted cash included in other current assets 8,560 8,539 1,081 1,165 Restricted cash included in other non-current assets 253 257 7,640 7,514 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,515,801 $ 1,306,241 $ 1,407,557 $ 1,426,069
Schedule of Restricted Cash	The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows: March 31, 2024 December 31, 2023 March 31, 2023 December 31, 2022 (In thousands) Cash and cash equivalents $ 1,506,988 $ 1,297,445 $ 1,398,836 $ 1,417,390 Restricted cash included in other current assets 8,560 8,539 1,081 1,165 Restricted cash included in other non-current assets 253 257 7,640 7,514 Total cash and cash equivalents and restricted cash as shown on the statement of cash flows $ 1,515,801 $ 1,306,241 $ 1,407,557 $ 1,426,069
Schedule of Credit Losses	The following table presents the changes in the allowance for credit losses for the three months ended March 31, 2024 and 2023, respectively: 2024 2023 (In thousands) Balance at January 1 $ 32,379 $ 50,971 Current period provision for credit losses 16,139 24,826 Write-offs charged against the allowance (22,076) (29,308) Recoveries collected 1,435 1,489 Other 17 (466) Balance at March 31 $ 27,894 $ 47,512
Schedule of Accumulated Amortization and Depreciation	The following table provides the accumulated depreciation and amortization within the balance sheet: Asset Category March 31, 2024 December 31, 2023 (In thousands) Capitalized software, buildings, equipment and leasehold improvements $ 385,568 $ 374,256 Intangible assets $ 648,477 $ 636,645
Schedule of Other (Expense) Income, Net	Three Months Ended March 31, 2024 2023 (In thousands) Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values (a) $ 25,941 $ (1,301) Interest income 21,597 16,930 Unrealized (decrease) increase in the estimated fair value of a warrant (10,232) 5,940 Foreign exchange (losses) gains, net (1,741) 509 Unrealized loss related to marketable equity securities — (1,150) Other (760) 2,821 Other income, net $ 34,805 $ 23,749 _____________________ (a) Includes a pre-tax gain of $29.2 million on the sale of assets of Mosaic Group (within Emerging & Other), which was accounted for as a sale of a business, in the three months ended March 31, 2024.

THE COMPANY AND SUMMARY OF SI_3

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Revenue and Other [Line Items]
Current deferred revenue	$ 128,246		$ 143,449	$ 157,100
Non-current deferred revenue	200		100	$ 200
Deferred revenue recognized during period	79,200	$ 95,600
Revenue	929,680	1,084,271
Discontinued Operations, Disposed of by Sale \| Mosaic Group
Revenue and Other [Line Items]
Deferred revenue related to disposal group	33,200
Customer concentration risk \| Revenue, Segment
Revenue and Other [Line Items]
Revenue	102,900	138,800
Customer concentration risk \| Revenue, Segment \| Google Inc.
Revenue and Other [Line Items]
Revenue	$ 131,400	$ 172,900
Concentration risk (as a percent)	14%	16%
Customer concentration risk \| Revenue, Segment \| Services Agreement
Revenue and Other [Line Items]
Concentration risk (as a percent)	11%	13%
Customer concentration risk \| Accounts Receivable \| Google Inc.
Revenue and Other [Line Items]
Accounts receivable	$ 45,700		$ 52,200
Angi Inc.
Revenue and Other [Line Items]
Number of operating segments \| segment	3
Dotdash Meredith \| Dotdash Meredith Term Loan B Facility \| Interest rate swaps
Revenue and Other [Line Items]
Notional amount		$ 350,000
Search \| Customer concentration risk \| Revenue, Segment \| Ask Media Group
Revenue and Other [Line Items]
Revenue	$ 85,400	120,300
Search \| Customer concentration risk \| Revenue, Segment \| Desktop
Revenue and Other [Line Items]
Revenue	$ 17,400	$ 18,500

FINANCIAL INSTRUMENTS AND FAI_3

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Fair Value of Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Available-for-sale marketable debt securities	$ 136,459	$ 148,998
Total marketable securities	$ 136,459	$ 148,998

FINANCIAL INSTRUMENTS AND FAI_4

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Narrative (Details) shares in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) investment shares	Mar. 31, 2023 USD ($) investment	May 03, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of investments in marketable equity securities \| investment	0	2
Unrealized gains (loss) on marketable equity security		$ (1,200,000)
Available-for-sale marketable debt securities in a continuous unrealized loss position for longer than twelve months	$ 0			$ 0
Unrealized gain (loss) on investment in MGM Resorts International	163,751,000	704,840,000
Investment in MGM Resorts International	3,055,601,000			2,891,850,000
Total upward adjustments to equity securities without readily determinable fair value	37,800,000
Total downward adjustments to equity securities without readily determinable fair value	133,800,000
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of long-term debt	$ 1,950,000,000			$ 1,950,000,000
Meredith Corporation
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charges		70,000,000
Operating lease impairment charges		44,700,000
Impairment of leasehold improvements		25,300,000
MGM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment common shares owned (in shares) \| shares	64.7
Ownership interest in equity method investment (as a percent)	20.60%
Unrealized gain (loss) on investment in MGM Resorts International	$ 163,800,000	$ 704,800,000
Cumulative unrealized pre-tax gain	1,800,000,000
Unrealized gain (loss), impact in $2.00 change in share price	$ 129,400,000
MGM \| Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in MGM Resorts International			$ 2,660,000,000

FINANCIAL INSTRUMENTS AND FAI_5

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Current Available-for-Sale Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Marketable Securities
Amortized cost	$ 136,460	$ 148,971
Gross Unrealized Gains	1	27
Gross Unrealized Losses	(2)	0
Fair Value	136,459	148,998
Treasury discount notes
Schedule of Available-for-sale Marketable Securities
Amortized cost	136,460	148,971
Gross Unrealized Gains	1	27
Gross Unrealized Losses	(2)	0
Fair Value	$ 136,459	$ 148,998

FINANCIAL INSTRUMENTS AND FAI_6

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Investments in MGM Resorts International (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Investment in MGM Resorts International	$ 3,055,601	$ 2,891,850

FINANCIAL INSTRUMENTS AND FAI_7

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Income Statement for MGM (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Equity Method Investments [Line Items]
Revenue	$ 929,680	$ 1,084,271
Expenses	988,858	1,219,867
Net income	44,972	415,319
Net income attributable to MGM	45,031	$ 417,775
MGM
Schedule of Equity Method Investments [Line Items]
Revenue	4,383,470
Expenses	3,899,968
Net income	299,726
Net income attributable to MGM	$ 217,476

FINANCIAL INSTRUMENTS AND FAI_8

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Long-term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Equity securities without readily determinable fair values	$ 396,981	$ 404,848
Other	5,104	6,368
Long-term investments	$ 402,085	$ 411,216

FINANCIAL INSTRUMENTS AND FAI_9

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Adjustments to the Carrying Value of Equity Securities Without Readily Determinable Fair Values
Downward adjustments including impairments (gross unrealized pre-tax losses)	$ (7,867)	$ (822)
Total	(7,867)	(822)
Equity Securities without Readily Determinable Fair Values, Realized and Unrealized Gains (Losses)
Realized pre-tax gains, net, for equity securities sold	4,434	7
Unrealized pre-tax losses, net, on equity securities held	(7,867)	(822)
Total pre-tax losses, net recognized	$ (3,433)	$ (815)

FINANCIAL INSTRUMENTS AND FA_10

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets:
Treasury discount notes	$ 136,459	$ 148,998
Investment in MGM	3,055,601	2,891,851
Other non-current assets	457,099	473,267
Total assets	4,430,298	4,108,077
Interest rate swaps
Assets:
Other non-current assets	3,914
Liabilities:
Other long-term liabilities		(907)
Interest rate swaps \| Dotdash Meredith Term Loan B Facility \| Dotdash Meredith
Liabilities:
Notional amount			$ 350,000
Level 1
Assets:
Treasury discount notes	0	0
Investment in MGM	3,055,601	2,891,851
Total assets	3,957,490	3,802,700
Level 1 \| Interest rate swaps
Assets:
Other non-current assets	0
Liabilities:
Other long-term liabilities		0
Level 2
Assets:
Treasury discount notes	136,459	148,998
Investment in MGM	0	0
Total assets	433,408	255,746
Level 2 \| Interest rate swaps
Assets:
Other non-current assets	3,914
Liabilities:
Other long-term liabilities		(907)
Level 3
Assets:
Treasury discount notes	0	0
Investment in MGM	0	0
Total assets	39,400	49,631
Level 3 \| Interest rate swaps
Assets:
Other non-current assets	0
Liabilities:
Other long-term liabilities		0
Money market funds
Assets:
Cash equivalents	901,889	910,849
Money market funds \| Level 1
Assets:
Cash equivalents	901,889	910,849
Money market funds \| Level 2
Assets:
Cash equivalents	0	0
Money market funds \| Level 3
Assets:
Cash equivalents	0	0
Treasury discount notes
Assets:
Cash equivalents	273,747	87,251
Treasury discount notes \| Level 1
Assets:
Cash equivalents	0	0
Treasury discount notes \| Level 2
Assets:
Cash equivalents	273,747	87,251
Treasury discount notes \| Level 3
Assets:
Cash equivalents	0	0
Time deposits
Assets:
Cash equivalents	19,288	19,497
Time deposits \| Level 1
Assets:
Cash equivalents	0	0
Time deposits \| Level 2
Assets:
Cash equivalents	19,288	19,497
Time deposits \| Level 3
Assets:
Cash equivalents	0	0
Warrant
Assets:
Other non-current assets	39,400	49,631
Warrant \| Level 1
Assets:
Other non-current assets	0	0
Warrant \| Level 2
Assets:
Other non-current assets	0	0
Warrant \| Level 3
Assets:
Other non-current assets	$ 39,400	$ 49,631

FINANCIAL INSTRUMENTS AND FA_11

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS - Changes in Level 3 Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - Warrant - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Warrant
Balance at beginning of period	$ 49,631	$ 46,799
Fair value adjustments included in earnings	(10,231)	5,940
Balance at end of period	$ 39,400	$ 52,739

LONG-TERM DEBT - Summary (Detai

LONG-TERM DEBT - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less: current portion of Dotdash Meredith long-term debt	$ 34,375	$ 30,000
Long-term debt, net	1,982,128	1,993,154
Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	1,532,500	1,540,000
Less: current portion of Dotdash Meredith long-term debt	34,375	30,000
Less: original issue discount	4,259	4,470
Less: unamortized debt issuance costs	7,979	8,423
Long-term debt, net	1,485,887	1,497,107
Angi Inc.
Debt Instrument [Line Items]
Less: unamortized debt issuance costs	3,759	3,953
Long-term debt, net	$ 496,241	$ 496,047
Term Loan \| Dotdash Meredith Term loan A Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	7.68%	7.69%
Term Loan \| Dotdash Meredith Term loan A Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 310,625	$ 315,000
Term Loan \| Dotdash Meredith Term Loan B Facility
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)	9.43%	9.44%
Term Loan \| Dotdash Meredith Term Loan B Facility \| Dotdash Meredith
Debt Instrument [Line Items]
Long-term debt	$ 1,221,875	$ 1,225,000
Senior Notes \| ANGI 3.875% Senior Notes \| Angi Inc.
Debt Instrument [Line Items]
Long-term debt	$ 500,000	$ 500,000
Interest rate on debt instrument (as a percent)	3.875%

LONG-TERM DEBT - Narrative (Det

LONG-TERM DEBT - Narrative (Details) - USD ($)		1 Months Ended			3 Months Ended		11 Months Ended	12 Months Ended	37 Months Ended	83 Months Ended
LONG-TERM DEBT - Narrative (Details) - USD ($)	Dec. 01, 2021	Mar. 31, 2024	Jan. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 01, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 01, 2028	Dec. 31, 2023
Dotdash Meredith
Debt Instrument [Line Items]
Capital contributions		$ 55,000,000		$ 135,000,000
Capital distributions			$ 105,000,000
Interest rate swaps
Debt Instrument [Line Items]
Interest rate swaps expected to be reclassified into interest expense with next twelve months		3,900,000			$ 3,900,000
Derivative asset, noncurrent		3,900,000			3,900,000
Derivative liability, noncurrent											$ 900,000
Dotdash Meredith Credit Agreement
Debt Instrument [Line Items]
Debt covenant, net leverage ratio amount, maximum					250,000,000
Dotdash Meredith Credit Agreement \| Term Loan
Debt Instrument [Line Items]
Debt covenant, excess cash flow sweet provision amount		$ 80,000,000			80,000,000
Debt covenant, minimum amount needed to be drawn					$ 1
Debt covenant, percentage of face					102%
Debt covenant, outstanding face amount of undrawn letters of credit, minimum					$ 25,000,000
Consolidated net leverage ratio (no greater than)					5.5
Debt covenant, net leverage ratio that would limit dividends					4
Dotdash Meredith Term loan A Facility \| Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)	5 years
Face amount of debt instrument	$ 350,000,000
Interest rate on debt instrument (as a percent)		7.68%			7.68%						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	$ 4,400,000
Dotdash Meredith Term loan A Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Adjustment to interest rate					0.10%
Basis spread on variable rate (as a percent)					2.25%
Dotdash Meredith Term Loan B Facility \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Interest rate on debt instrument (as a percent)				7.92%		7.92%
Notional amount				$ 350,000,000		$ 350,000,000
Weighted average fixed interest rate				3.82%		3.82%
Dotdash Meredith Term Loan B Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Adjustment to interest rate				0.10%
Dotdash Meredith Term Loan B Facility \| Base Rate \| Interest rate swaps \| Dotdash Meredith
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)				4%
Dotdash Meredith Term Loan B Facility \| Term Loan
Debt Instrument [Line Items]
Term of debt instrument (years)	7 years
Face amount of debt instrument	$ 1,250,000,000
Interest rate on debt instrument (as a percent)		9.43%			9.43%						9.44%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Forecast
Debt Instrument [Line Items]
Quarterly repayments of principal										$ 3,100,000
Dotdash Meredith Term Loan B Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Adjustment to interest rate					0.10%
Adjustment to interest rate two					0.15%
Adjustment to interest rate three					0.25%
Basis spread on variable rate (as a percent)					4%
Dotdash Meredith Term Loan B Facility \| Term Loan \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)					0.50%
Dotdash Meredith Revolving Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Term of debt instrument (years)	5 years
Maximum borrowing capacity	$ 150,000,000
Outstanding borrowings under the credit facility		$ 0			$ 0						$ 0
Commitment fee (in basis points)					0.40%	0.40%
ANGI 3.875% Senior Notes \| Senior Notes
Debt Instrument [Line Items]
Maximum leverage ratio		3.75			3.75

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	$ 6,755,003	$ 6,572,534
Total other comprehensive income (loss), net of income taxes	3,893	(1,394)
Balance at end of period	6,816,842	6,920,480
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(10,266)	(13,186)
Balance at end of period	(9,892)	(12,381)
Foreign Currency Translation Adjustment including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	(1,064)	803
Amounts reclassified to earnings	1,436
Total other comprehensive income (loss), net of income taxes	372	803
Foreign Currency Translation Adjustment attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	2	2
Unrealized (Losses) Gains On Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(696)	0
Balance at end of period	3,001	(2,287)
Tax provision (benefit) on accumulated other comprehensive loss	900	(700)
Unrealized Losses On Interest Rate Swaps including portion attributable to Noncontrolling interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	5,040	(2,287)
Amounts reclassified to earnings	(1,343)
Total other comprehensive income (loss), net of income taxes	3,697	(2,287)
Unrealized Losses On Interest Rate Swaps attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), 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
Balance at end of period	(2)	27
Tax provision (benefit) on accumulated other comprehensive loss	0	100
Unrealized Gains (Losses) on Available-For-Sale Debt Securities including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	(22)	(26)
Amounts reclassified to earnings	0
Total other comprehensive income (loss), net of income taxes	(22)	(26)
Unrealized Gains (Losses) on Available-For-Sale Debt Securities attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	0	0
Accumulated Other Comprehensive (Loss) Income
Accumulated Other Comprehensive Income (Loss)
Balance at beginning of period	(10,942)	(13,133)
Balance at end of period	(6,893)	(14,641)
Accumulated Other Comprehensive Loss including portion attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Other comprehensive (loss) income before reclassifications	3,954	(1,510)
Amounts reclassified to earnings	93
Total other comprehensive income (loss), net of income taxes	4,047	(1,510)
Accumulated Other Comprehensive Loss attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss)
Total other comprehensive income (loss), net of income taxes	$ 2	$ 2

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 929,680	$ 1,084,271
Angi Inc. \| United States
Segment Reporting Information [Line Items]
Revenue	270,036	325,565
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	390,540	387,582
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	209,324	184,797
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	185,900	207,016
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	305,390	355,497
Operating Segments \| Angi Inc. \| United States
Segment Reporting Information [Line Items]
Revenue	270,036	325,565
Operating Segments \| Angi Inc. \| Ads and Leads \| United States
Segment Reporting Information [Line Items]
Revenue	249,585	293,506
Operating Segments \| Angi Inc. \| Services \| United States
Segment Reporting Information [Line Items]
Revenue	20,451	32,059
Operating Segments \| Angi Inc. \| International
Segment Reporting Information [Line Items]
Revenue	35,354	29,932
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	108,473	152,475
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	126,541	192,403
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(1,264)	(3,686)
Inter-segment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	$ (4,684)	$ (4,231)

SEGMENT INFORMATION - Revenue D

SEGMENT INFORMATION - Revenue Disaggregated by Service (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 929,680	$ 1,084,271
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	390,540	387,582
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	209,324	184,797
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	185,900	207,016
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	305,390	355,497
Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	108,473	152,475
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	126,541	192,403
Inter-segment eliminations
Segment Reporting Information [Line Items]
Revenue	(1,264)	(3,686)
Inter-segment eliminations \| Dotdash Meredith
Segment Reporting Information [Line Items]
Revenue	(4,684)	(4,231)
United States \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	270,036	325,565
United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	270,036	325,565
United States \| Operating Segments \| Angi Inc. \| Services
Segment Reporting Information [Line Items]
Revenue	20,451	32,059
International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	35,354	29,932
Display advertising \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	132,899	111,817
Performance marketing \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	51,544	50,055
Performance marketing \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	10,596	13,174
Licensing and other \| Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Revenue	24,881	22,925
Subscription \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	77,991	85,637
Advertising \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	26,286	32,246
Advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	107,961	151,707
Advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	2,975	3,162
Google advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	103,519	140,734
Google advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	258	263
Non-Google advertising \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	4,442	10,973
Non-Google advertising \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	2,717	2,899
Project and Other Print \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	28,554	28,109
Newsstand \| Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Revenue	42,473	47,850
Ads and Leads \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	249,585	293,506
Consumer connection \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	160,531	212,935
Consumer connection \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	29,669	24,745
Advertising \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	77,137	67,181
Membership subscription \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	11,778	13,199
Other \| United States \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	139	191
Service professional membership subscription \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	5,382	5,058
Advertising and other \| International \| Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Revenue	303	129
Other \| Operating Segments \| Search
Segment Reporting Information [Line Items]
Revenue	512	768
Subscription \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	64,187	86,400
Marketplace \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	57,592	58,419
Roofing \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	0	38,372
Media production and distribution \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	1,539	3,615
Service and other \| Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Revenue	$ 248	$ 2,435

SEGMENT INFORMATION - Revenue a

SEGMENT INFORMATION - Revenue and Long-Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenue and Long-lived Assets by Geography
Revenue	$ 929,680	$ 1,084,271
Long-lived assets (excluding goodwill and intangible assets)	716,267		$ 754,878
United States
Revenue and Long-lived Assets by Geography
Revenue	806,159	952,672
Long-lived assets (excluding goodwill and intangible assets)	706,900		743,914
All other countries
Revenue and Long-lived Assets by Geography
Revenue	123,521	$ 131,599
Long-lived assets (excluding goodwill and intangible assets)	$ 9,367		$ 10,964

SEGMENT INFORMATION - Operating

SEGMENT INFORMATION - Operating (Loss) Income and Adjusted EBITDA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Operating (loss) income	$ (59,178)	$ (135,596)
Adjusted EBITDA	43,030	9,123
Meredith Corporation
Segment Reporting Information [Line Items]
Impairment charges		70,000
Operating lease impairment charges		44,700
Operating Segments \| Dotdash Meredith
Segment Reporting Information [Line Items]
Operating (loss) income	(20,829)	(111,234)
Adjusted EBITDA	30,242	(23,117)
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting Information [Line Items]
Operating (loss) income	(180)	(17,887)
Adjusted EBITDA	36,959	24,403
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting Information [Line Items]
Operating (loss) income	(5,121)	(5,756)
Adjusted EBITDA	2,947	11,334
Operating Segments \| Dotdash Meredith \| Other
Segment Reporting Information [Line Items]
Operating (loss) income	(15,528)	(87,591)
Adjusted EBITDA	(9,664)	(58,854)
Impairment charges		70,000
Operating lease impairment charges		44,700
Operating Segments \| Dotdash Meredith \| Other \| Depreciation, Nonproductive
Segment Reporting Information [Line Items]
Impairment charges		25,300
Operating Segments \| Angi Inc.
Segment Reporting Information [Line Items]
Operating (loss) income	2,716	(10,881)
Adjusted EBITDA	35,962	29,683
Operating Segments \| Angi Inc. \| Other
Segment Reporting Information [Line Items]
Operating (loss) income	(15,117)	(14,939)
Adjusted EBITDA	(11,921)	(12,354)
Operating Segments \| Search
Segment Reporting Information [Line Items]
Operating (loss) income	4,356	10,770
Adjusted EBITDA	4,377	10,791
Operating Segments \| Emerging & Other
Segment Reporting Information [Line Items]
Operating (loss) income	(8,010)	11,856
Adjusted EBITDA	(4,206)	15,599
Corporate
Segment Reporting Information [Line Items]
Operating (loss) income	(37,411)	(36,107)
Adjusted EBITDA	$ (23,345)	$ (23,833)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Adjusted EBITDA to Operating Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	$ (59,178)	$ (135,596)
Stock-based compensation expense	28,907	28,941
Depreciation	36,573	61,172
Amortization of intangibles	36,728	54,606
Adjusted EBITDA	43,030	9,123
Interest expense	(39,718)	(38,172)
Unrealized gain on investment in MGM Resorts International	163,751	704,840
Other income, net	34,805	23,749
Earnings before income taxes	99,660	554,821
Income tax provision	(54,688)	(139,502)
Net earnings	44,972	415,319
Net loss attributable to noncontrolling interests	59	2,456
Net earnings attributable to IAC shareholders	45,031	417,775
Operating Segments \| Dotdash Meredith
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(20,829)	(111,234)
Stock-based compensation expense	7,349	5,091
Depreciation	8,555	33,366
Amortization of intangibles	35,167	49,660
Adjusted EBITDA	30,242	(23,117)
Operating Segments \| Dotdash Meredith \| Digital
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(180)	(17,887)
Stock-based compensation expense	2,200	1,695
Depreciation	4,857	5,244
Amortization of intangibles	30,082	35,351
Adjusted EBITDA	36,959	24,403
Operating Segments \| Dotdash Meredith \| Print
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(5,121)	(5,756)
Stock-based compensation expense	446	146
Depreciation	2,537	2,635
Amortization of intangibles	5,085	14,309
Adjusted EBITDA	2,947	11,334
Operating Segments \| Dotdash Meredith \| Other
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(15,528)	(87,591)
Stock-based compensation expense	4,703	3,250
Depreciation	1,161	25,487
Amortization of intangibles	0	0
Adjusted EBITDA	(9,664)	(58,854)
Operating Segments \| Angi Inc.
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	2,716	(10,881)
Stock-based compensation expense	9,397	12,712
Depreciation	23,849	25,190
Amortization of intangibles	0	2,662
Adjusted EBITDA	35,962	29,683
Operating Segments \| Angi Inc. \| Other
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(15,117)	(14,939)
Stock-based compensation expense	3,196	2,585
Depreciation	0	0
Amortization of intangibles	0	0
Adjusted EBITDA	(11,921)	(12,354)
Operating Segments \| Angi Inc. \| Ads and Leads
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	19,821	13,480
Stock-based compensation expense	4,465	5,491
Depreciation	16,935	18,218
Amortization of intangibles	0	2,662
Adjusted EBITDA	41,221	39,851
Operating Segments \| Angi Inc. \| Services
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(7,501)	(12,452)
Stock-based compensation expense	1,381	4,209
Depreciation	6,130	6,075
Amortization of intangibles	0	0
Adjusted EBITDA	10	(2,168)
Operating Segments \| Angi Inc. \| International
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	5,513	3,030
Stock-based compensation expense	355	427
Depreciation	784	897
Amortization of intangibles	0	0
Adjusted EBITDA	6,652	4,354
Operating Segments \| Search
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	4,356	10,770
Stock-based compensation expense	0	0
Depreciation	21	21
Amortization of intangibles	0	0
Adjusted EBITDA	4,377	10,791
Operating Segments \| Emerging & Other
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(8,010)	11,856
Stock-based compensation expense	410	517
Depreciation	1,833	942
Amortization of intangibles	1,561	2,284
Adjusted EBITDA	(4,206)	15,599
Corporate
Segment Reporting, Other Significant Reconciling Item
Operating (Loss) Income	(37,411)	(36,107)
Stock-based compensation expense	11,751	10,621
Depreciation	2,315	1,653
Amortization of intangibles	0	0
Adjusted EBITDA	$ (23,345)	$ (23,833)

PENSION AND POSTRETIREMENT BE_3

PENSION AND POSTRETIREMENT BENEFIT PLANS - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pension \| United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 51	$ 53
Interest cost	729	871
Expected return on plan assets	(564)	(501)
Actuarial (gain) loss recognition	(263)	240
Net periodic benefit (credit) cost	(47)	663
Pension \| International
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0
Interest cost	4,787	4,777
Expected return on plan assets	(4,787)	(4,771)
Actuarial (gain) loss recognition	0	0
Net periodic benefit (credit) cost	0	6
Postretirement \| United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	1
Interest cost	51	58
Expected return on plan assets	0	0
Actuarial (gain) loss recognition	0	0
Net periodic benefit (credit) cost	$ 51	$ 59

PENSION AND POSTRETIREMENT BE_4

PENSION AND POSTRETIREMENT BENEFIT PLANS - Expected Return on Plan Assets (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Pension \| United States
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	5.21%	4.48%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income tax provision	$ 54,688	$ 139,502
Effective income tax rate (as a percent)	55%	25%
Unrecognized tax benefits, including interest and penalties	$ 20,800		$ 19,600
Increase (decrease) in unrecognized tax benefits, including interest and penalties during the period	1,200
Unrecognized tax benefits, if subsequently recognized would reduce income tax expense	19,700		$ 18,600
Decrease in unrecognized tax benefit, reasonably possible within twelve months	$ 400

EARNINGS PER SHARE - Summary (D

EARNINGS PER SHARE - Summary (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Nov. 05, 2020	Mar. 31, 2024	Mar. 31, 2023
Numerator: Basic
Net earnings		$ 44,972	$ 415,319
Net loss attributable to noncontrolling interests		59	2,456
Net earnings attributed to unvested participating security		(1,571)	(14,156)
Net earnings attributable to IAC common stock and Class B common stock shareholders		$ 43,460	$ 403,619
Denominator: Basic
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		82,972,000	85,534,000
Earnings per share:
Earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)		$ 0.52	$ 4.72
Numerator: Diluted
Net earnings		$ 44,972	$ 415,319
Net loss attributable to noncontrolling interests		59	2,456
Net earnings attributed to unvested participating security		(1,521)	(13,720)
Impact from public subsidiaries' dilutive securities		0	0
Net earnings attributable to IAC common stock and Class B common stock shareholders		$ 43,510	$ 404,055
Denominator: Diluted
Weighted average basic IAC Common Stock and Class B common stock shares outstanding (in shares)		82,972,000	85,534,000
Dilutive securities (in shares)		2,886,000	2,819,000
Denominator for earnings per share - weighted average shares (shares)		85,858,000	88,353,000
Earnings per share:
Earnings per share attributable to IAC common stock and Class B common stock shareholders (USD per share)		$ 0.51	$ 4.57
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from calculation of diluted earnings per share (shares)		3,400,000	3,300,000
Chief Executive Officer \| Restricted Stock Awards \| RSA Agreement
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares authorized for issuance (in shares)	3,000,000
Term of employment agreement and restricted stock agreement (in years)	10 years

FINANCIAL STATEMENT DETAILS - C

FINANCIAL STATEMENT DETAILS - Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 1,506,988	$ 1,297,445	$ 1,398,836	$ 1,417,390
Restricted cash included in other current assets	8,560	8,539	1,081	1,165
Restricted cash included in other non-current assets	253	257	7,640	7,514
Total cash and cash equivalents and restricted cash as shown on the statement of cash flows	$ 1,515,801	$ 1,306,241	$ 1,407,557	$ 1,426,069

FINANCIAL STATEMENT DETAILS - A

FINANCIAL STATEMENT DETAILS - Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at January 1	$ 32,379	$ 50,971
Current period provision for credit losses	16,139	24,826
Write-offs charged against the allowance	(22,076)	(29,308)
Recoveries collected	1,435	1,489
Other	17	(466)
Balance at March 31	$ 27,894	$ 47,512

FINANCIAL STATEMENT DETAILS -_2

FINANCIAL STATEMENT DETAILS - Accumulated Amortization and Depreciation (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Depreciation, Depletion and Amortization [Abstract]
Capitalized software, buildings, equipment and leasehold improvements	$ 385,568	$ 374,256
Intangible assets	$ 648,477	$ 636,645

FINANCIAL STATEMENT DETAILS - O

FINANCIAL STATEMENT DETAILS - Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net realized gain (loss) on sales of businesses, investments and upward (downward) adjustments to the carrying value of equity securities without readily determinable fair values	$ 25,941	$ (1,301)
Interest income	21,597	16,930
Unrealized (decrease) increase in the estimated fair value of a warrant	(10,232)	5,940
Foreign exchange (losses) gains, net	(1,741)	509
Unrealized loss related to marketable equity securities	0	(1,150)
Other	(760)	2,821
Other income, net	34,805	$ 23,749
Gain on sale of assets	$ 29,200

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) plane	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Other non-current assets	$ 457,099		$ 473,267
Mr. Diller \| IAC and Vimeo
Related Party Transaction [Line Items]
Voting interests	10%
CEO Compensation and Certain Expenses
Related Party Transaction [Line Items]
Related party transaction amount	$ 2,200	$ 2,300
Lease Agreement \| Vimeo
Related Party Transaction [Line Items]
Lease expense	900	$ 900
Other non-current assets	$ 300		$ 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%
Number of aircraft operated \| plane	2
Proportion of ownership interest held each by entity and by related party in another entity employing flight crew (as a percent)	50%
Percentage of ownership interest in aircraft by subsidiary	100%