REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Reportable Segment Information

The following table sets forth revenue, significant segment expenses regularly provided to the CODM and Adjusted EBITDA by reportable segment for the periods presented:


	Three Months Ended March 31,
	2026						2025
(in millions)	Americas		EMEA		APAC		Americas		EMEA		APAC
Revenues	$	432.2	$	487.3	$	153.2	$	380.6	$	430.5	$	154.8
Less:
Data acquisition costs	110.4		83.6		27.6		86.1		77.1		27.0
Other segment costs(1)	199.3		248.5		90.8		186.3		228.2		96.2
Segment Adjusted EBITDA	$	122.5	$	155.2	$	34.8	$	108.2	$	125.2	$	31.6

(1) Other segment costs primarily include personnel-related costs, cloud costs, software and hardware maintenance costs and occupancy costs.

The following table reconciles Adjusted EBITDA by segment to loss before income taxes, for the periods presented:


	Three Months Ended March 31,
(in millions)	2026		2025
Adjusted EBITDA by segment
Americas	$	122.5	$	108.2
EMEA	155.2		125.2
APAC	34.8		31.6
Total segment Adjusted EBITDA	312.5		265.0
Adjustments to reconcile to loss before income taxes:
Corporate expenses not allocated to segments	(87.7)		(76.3)
Depreciation and amortization	(153.7)		(148.5)
Interest expense, net	(58.5)		(83.5)
2026 Program costs and other non-cash compensation expense(1)	(65.5)		—
Transformation program costs(2)	(8.5)		(5.6)
GfK integration costs(3)	(1.7)		(14.7)
Acquisitions and transaction related costs(4)	(3.8)		(5.4)
Foreign currency exchange gain, net	5.6		32.0
Nonoperating items, net(5)	(1.2)		(62.7)
Share-based compensation expense	(1.9)		(1.3)
Impairment of long-lived assets	—		(0.7)
Net income attributable to noncontrolling interests	1.4		1.9
Other operating items, net(6)	(0.1)		5.2
Loss before income taxes	$	(63.1)	$	(94.6)

(1) Includes (i) 2026 Program restructuring expenses for employee separation costs as further discussed in Note 11. “Restructuring Activities”, as well as additional costs to streamline the organization through accelerated technology investment incurred to improve efficiency, customer satisfaction, product innovation and productivity and (ii) non-cash share-based compensation expense of $9.5 million arising from award modifications resulting from Ms. Tracey Massey’s resignation from her position as Chief Operating Officer.

(2) Transformation program costs include costs associated with accelerated technology investment and consultancy and advisory fees incurred to evaluate and improve organizational efficiencies and operations as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.

(3) GfK integration costs include costs for consulting fees and integration associated with the GfK Combination as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.

(4) Acquisitions and transaction related costs represent costs incurred in connection with planned and completed acquisitions, including due diligence, transaction, integration and legal related costs. These costs also include preparation and readiness costs for capital market transactions.

(5) Consists of adjustments related to: (i) net periodic pension costs other than service cost, (ii) factoring fees, (iii) write-off of unamortized debt discount and debt issuance costs, (iv) deconsolidation of subsidiaries, (v) settlement of tax indemnification, (vi) other nonoperating expenses and (vii) remeasurement of warrant to fair value. See Note 14. “Nonoperating expense, net” for further information on these adjustments.

(6) Consists primarily of adjustments related to gain/loss on sale of long-lived assets and gain/loss on settlement of asset retirement obligations.

Schedule of Long-Lived Tangible Assets by Geographic Region

The Company conducts business in the following countries that hold 10% or more of total tangible long-lived assets:


	March 31, 2026		December 31, 2025
Germany	26	%	25	%
United States	25	%	27	%