Mobility Global — Third Quarter 2026 Earnings Summary

Financial Performance:

• Total revenue for the three months ended September 30, 2026, was $478 million, a 7.4% increase year-over-year (up 7.6% on an organic constant currency basis).
• Total revenue for the nine months ended September 30, 2026, was $1,401 million, a 7% increase year-over-year.
• Subscription revenue increased 7% to $389 million in Q3 2026 and 8% to $1,144 million for the first nine months.
• Non-subscription revenue increased 7% to $89 million in Q3 2026 and 7% to $257 million for the first nine months.
• Net income for Q3 2026 was $42 million, a 41% decrease from $71 million in Q3 2025, representing a 9% margin.
• Net income for the nine months ended September 30, 2026, was $150 million, a 23% decrease from $194 million in the prior year period.
• Adjusted EBITDA for Q3 2026 was $195 million, a 2% increase from $191 million in Q3 2025, representing a 41% margin.
• Adjusted EBITDA for the nine months ended September 30, 2026, was $581 million, a 6% increase from $548 million in the prior year period.
• Operating profit for Q3 2026 was $92 million, a 12% decrease from $104 million in Q3 2025.
• Diluted EPS (GAAP) was $0.14 in Q3 2026 compared to $0.24 in Q3 2025.
• Adjusted diluted EPS was $0.40 in Q3 2026 compared to $0.44 in Q3 2025.
• Net cash provided by operating activities was $205 million in Q3 2026, a 42% increase from $144 million in Q3 2025.
• Free cash flow was $186 million in Q3 2026, a 37% increase from $136 million in Q3 2025.
• Long-term debt stood at $1,981 million as of September 30, 2026, compared to $0 at December 31, 2025.
• Cash and cash equivalents increased to $351 million as of September 30, 2026, from $38 million at December 31, 2025.
• Unearned revenue (deferred revenue) was $87 million as of September 30, 2026, compared to $78 million at December 31, 2025.

Guidance and Future Outlook:

• Full-year 2026 revenue guidance remains $1,870 million to $1,885 million.
• Full-year 2026 adjusted EBITDA guidance midpoint was raised to $750 million to $760 million (prior guidance was $745 million to $760 million).
• Full-year 2026 adjusted EBITDA margin guidance remains approximately 40%.
• Full-year 2026 revenue growth guidance remains 6.9% to 7.7% year-over-year.
• The guidance reflects carve-out financial results for the first six months and consolidated results for the second six months.

Business Segments and Product Lines:

• CARFAX segment revenue was $313 million in Q3 2026, an 8% increase year-over-year.
• B2B segment revenue was $164 million in Q3 2026, a 6% increase year-over-year.
• CARFAX segment revenue for the nine months ended September 30, 2026, was $923 million, an 8% increase year-over-year.
• B2B segment revenue for the nine months ended September 30, 2026, was $477 million, a 6% increase year-over-year.
• Added a large global OEM to B2B Sales Solutions.
• Expanded CARFAX data estate to more than 100,000 service shops (up ~8,000), 60 million Car Care consumers (up ~7 million), and more than 40 billion vehicle history records (up ~2 billion).
• Expanded CARFAX Homegrown across all dealer and consumer assets, including CARFAX Listings, Car Care, and dealer tools.
• CARFAX Adjusted EBITDA was $153 million in Q3 2026 (49% margin) compared to $146 million in Q3 2025 (50% margin).
• B2B Adjusted EBITDA was $45 million in Q3 2026 (27% margin) compared to $52 million in Q3 2025 (34% margin).

Market and Competitive Landscape:

• Mobility Global is described as the world's standard for automotive information, providing data and analytics across the full vehicle lifecycle.
• The company operates as "One Mobility Global" to integrate CARFAX and B2B businesses.
• The company applies AI to its proprietary data, trusted brands, and customer relationships to drive growth.
• The company serves major automotive manufacturers, suppliers, dealer groups, media, financial institutions, and consumers.

Risks and Challenges:

• The press release notes that forward-looking statements are subject to inherent risks and uncertainties, including factors that could cause actual results to differ materially.
• Specific risks include separation-related activities and costs, effective tax rates, and the inability to estimate certain items impacting Net income for forward-looking non-GAAP measures.
• The company references the "Risk Factors" section in its Form 10 filing with the SEC for further details on factors that could materially affect results.

Management Commentary and Tone:

• Bill Eager, CEO, stated the first full quarter as a standalone public company was solid, with growth stepping up from the first half across both segments.
• Management expressed confidence in bringing CARFAX and B2B businesses together as One Mobility Global.
• Management highlighted strong cash generation enabling investment in priorities and capital returns.
• Management emphasized a focus on disciplined execution to finish the year strong and build momentum into 2027.

Other Key Points:

• The Board authorized an $800 million share repurchase program, with buybacks expected to begin before year-end 2026.
• The company targets $350 million to $450 million of share repurchases through year-end 2027.
• The Board declared a quarterly cash dividend of $0.06 per share, payable on December 14, 2026, to shareholders of record as of November 30, 2026.
• The annualized dividend rate is $0.24 per share.
• Financial results for Q3 2026 are reported on a consolidated basis, whereas prior periods are presented on a carve-out basis.
• The company incurred standalone public company costs for the first time in Q3 2026, included in the Adjusted EBITDA calculation.
• Transaction costs related to the stand-up of the Spin Business were $16 million in Q3 2026 and $73 million for the nine months ended September 30, 2026.
• The company issued Senior Notes with proceeds of $1,986 million during the nine months ended September 30, 2026.