Mobility Global — Second Quarter 2026 Earnings Summary

Financial Performance

• Total revenue for the quarter ended June 30, 2026, was $468 million, an increase of 7% year-over-year (vs. $439 million in Q2 2025).
• Subscription revenue grew 7% to $383 million, while non-subscription revenue increased 5% to $85 million.
• Net income was $53 million, representing an 11% margin, down from $65 million (15% margin) in the prior year period.
• Adjusted EBITDA was $202 million, a 7% increase year-over-year, with a margin of 43% (unchanged from 43% in Q2 2025).
• Net cash provided by operating activities was $135 million, a 19% decrease from $166 million in Q2 2025.
• Free cash flow was $129 million, a 21% decrease from $163 million in the prior year period.
• Cash and cash equivalents increased to $186 million as of June 30, 2026, from $38 million at December 31, 2025.
• Long-term debt was recorded at $1,981 million as of June 30, 2026, compared to zero in the prior period.
• Unearned revenue (deferred revenue) increased to $102 million from $78 million at the end of 2025.

Guidance and Future Outlook

• Full-year 2026 revenue guidance is set at $1,870 million to $1,885 million, reflecting a 6.9% to 7.7% growth rate.
• Full-year 2026 Adjusted EBITDA guidance is $745 million to $760 million, with an expected margin of approximately 40%.
• The guidance incorporates carve-out financial results for the first half of 2026 and consolidated results for the second half.
• Management reiterated medium-term financial targets and expressed confidence in strengthening go-to-market execution and accelerating product adoption into 2027.

Business Segments and Product Lines

• CARFAX segment revenue was $312 million, up 8% year-over-year.
• B2B segment revenue was $156 million, up 4% year-over-year.
• Launched "CARFAX Homegrown," a product identifying vehicles sold new and serviced throughout their life at a dealership.
• Launched "CARFAX Showroom," a premium listings product designed to surface dealer inventory at relevant search moments.
• Expanded operations into Germany with the launch of CARFAX Germany.
• Advanced B2B capabilities through FAST, PIQ, and Data Studio, and introduced new solutions within automotiveMastermind for OEMs and dealers.
• Corporate segment operating profit was $(22) million for the quarter, driven by transaction costs and integration expenses.

Market and Competitive Landscape

• Entered Europe's largest automotive market with the launch of CARFAX Germany.
• Management stated the company is moving with speed and focus to create "One Mobility Global" by integrating businesses, data assets, and technology.
• The company is deploying AI to fundamentally transform workflows and strengthen its market position.

Risks and Challenges

• The press release notes that actual results may differ materially from forward-looking statements due to inherent risks and uncertainties, including regulatory actions, changes in business strategies, and the development of services and products.
• The company cannot provide a reconciliation of forward-looking non-GAAP financial measures to GAAP measures because certain items impacting Net income are outside the Company's control or cannot be estimated without unreasonable effort.
• Significant transaction costs related to the spin-off and separation were incurred, impacting operating profit and net income margins in the reported period.

Management Commentary and Tone

• Bill Eager, CEO, stated the company delivered results reflecting continued progress during the final stages of the spin-off and successfully launched as an independent public company on July 1, 2026.
• Management expressed confidence in the Company's cash generation and balance sheet, citing the initiation of a quarterly dividend.
• The tone is focused on creating "One Mobility Global," accelerating innovation, and building momentum into 2027.

Other Key Points

• Mobility Global successfully launched as an independent public company on July 1, 2026.
• The Board of Directors declared a quarterly common stock dividend of $0.06 per share, payable September 10, 2026, to shareholders of record as of August 27, 2026.
• Financial results for the second quarter and prior periods are presented on a carve-out basis; consolidated reporting begins in the third quarter of 2026.
• Proceeds from the issuance of Senior Notes totaled $1,986 million during the six months ended June 30, 2026.
• Goodwill remained stable at $8,845 million, while other intangible assets decreased to $3,640 million from $3,789 million at the end of 2025.