The Company ceased operations of its Search segment after the expiration of the Services Agreement during the second quarter of 2026 and completed the sale of Care.com on March 16, 2026 and the Distribution of Angi on March 31, 2025. As a result of these events, Search, Care.com and Angi are presented as discontinued operations within the Company’s consolidated financial statements for all periods prior to these transactions. See “Note 1—The Company and Summary of Significant Accounting Policies” for additional information.


	June 30, 2026		December 31, 2025
	Search		Care.com		Search		Total
			(In thousands)
Current assets
Cash and cash equivalents	$	—	$	18,900	$	—	$	18,900
Accounts receivable, net	—		32,197		6,809		39,006
Other current assets	1,743		33,536		4,274		37,810
Total current assets of discontinued operations	$	1,743	$	84,633	$	11,083	$	95,716

Non-current assets
Capitalized software, leasehold improvements and equipment, net	$	—	$	2,999	$	—	$	2,999
Goodwill	—		283,445		—		283,445
Intangible assets, net	—		71,479		—		71,479
Deferred income taxes	—		64,309		—		64,309
Other non-current assets	—		4,727		2,436		7,163
Total non-current assets of discontinued operations	$	—	$	426,959	$	2,436	$	429,395

Current liabilities
Accounts payable, trade	$	219	$	635	$	7,025	$	7,660
Deferred revenue	—		31,289		—		31,289
Accrued expenses and other current liabilities	3,786		44,723		12,442		57,165
Total current liabilities of discontinued operations	$	4,005	$	76,647	$	19,467	$	96,114

Non-current liabilities
Deferred income taxes	$	—	$	4,167	$	—	$	4,167
Other non-current liabilities	—		4,490		—		4,490
Total non-current liabilities of discontinued operations	$	—	$	8,657	$	—	$	8,657

The components of earnings from discontinued operations in the statement of operations consists of the following:


	Three Months Ended June 30, 2026
	Search
	(In thousands)
Revenue	$	357
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	387
Selling and marketing expense	37
General and administrative expense	598
Product development expense	113



Total operating costs and expenses	1,135
Operating loss from discontinued operations	(778)

Other expense, net	(2)
Loss from discontinued operations before income taxes	(780)
Income tax provision	(3,459)
Loss from discontinued operations, net of income taxes	$	(4,239)


	Six months ended June 30, 2026
	Care.com		Search		Angi		Total
	(In thousands)
Revenue	$	73,559	$	17,453	$	—	$	91,012
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	15,818		8,219		—		24,037
Selling and marketing expense	20,301		10,834		—		31,135
General and administrative expense(a)	14,217		2,251		(1,460)		15,008
Product development expense	10,389		5,177		—		15,566
Depreciation	250		—		—		250
Amortization of intangibles	596		—		—		596

Total operating costs and expenses	61,571		26,481		(1,460)		86,592
Operating income (loss) from discontinued operations	11,988		(9,028)		1,460		4,420

Other (expense) income, net	(324)		8		—		(316)
Earnings (loss) from discontinued operations before income taxes	11,664		(9,020)		1,460		4,104
Income tax (provision) benefit	(5,555)		2,011		(344)		(3,888)
Earnings (loss) from discontinued operations, net of income taxes	$	6,109	$	(7,009)	$	1,116	$	216

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	Three months ended June 30, 2025
	Care.com		Search		Total
	(In thousands)
Revenue	$	81,992	$	61,690	$	143,682
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	19,332		21,853		41,185
Selling and marketing expense	25,534		30,677		56,211
General and administrative expense	19,011		1,833		20,844
Product development expense	13,454		2,216		15,670
Depreciation	712		—		712
Amortization of intangibles	990		—		990

Total operating costs and expenses	79,033		56,579		135,612
Operating income from discontinued operations	2,959		5,111		8,070

Other income (expense), net	33		(3)		30
Earnings from discontinued operations before income taxes	2,992		5,108		8,100
Income tax benefit (provision)	19,668		(8,349)		11,319
Earnings (loss) from discontinued operations, net of income taxes	$	22,660	$	(3,241)	$	19,419


	Six months ended June 30, 2025
	Care.com		Search		Angi		Intersegment Eliminations		Total
	(In thousands)
Revenue	$	170,813	$	132,019	$	245,913	$	(19)	$	548,726
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	37,300		53,038		13,015		—		103,353
Selling and marketing expense	49,079		62,322		118,541		—		229,942
General and administrative expense(b)	38,357		3,889		56,983		(19)		99,210
Product development expense	27,925		4,639		27,087		—		59,651
Depreciation	1,417		—		9,948		—		11,365
Amortization of intangibles	2,105		—		—		—		2,105

Total operating costs and expenses	156,183		123,888		225,574		(19)		505,626
Operating income from discontinued operations	14,630		8,131		20,339		—		43,100
Interest expense	—		—		(5,044)		—		(5,044)
Other income (expense), net	89		(3)		4,828		—		4,914
Earnings from discontinued operations before income taxes	14,719		8,128		20,123		—		42,970
Income tax benefit (provision)	36,421		(20,634)		(4,829)		—		10,958
Earnings (loss) from discontinued operations, net of income taxes	$	51,140	$	(12,506)	$	15,294	$	—	$	53,928

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