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REPORTABLE SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

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 June 30,
			2025																		2024
(in millions)			Americas						EMEA						APAC						Americas						EMEA						APAC
Revenues			$	400.0					$	466.2					$	174.6					$	389.4					$	425.8					$	170.6
Less:
Data acquisition costs			86.0						77.9						30.6						86.9						78.3						27.8
Other segment costs(1)			198.5						254.7						112.2						190.1						241.8						107.9
Segment Adjusted EBITDA			$	115.5					$	133.6					$	31.8					$	112.4					$	105.7					$	34.9

			Six Months Ended June 30,
			2025																		2024
(in millions)			Americas						EMEA						APAC						Americas						EMEA						APAC
Revenues			$	778.3					$	885.1					$	343.3					$	753.7					$	855.9					$	338.1
Less:
Data acquisition costs			172.2						150.7						59.3						176.6						156.5						57.1
Other segment costs(1)			379.8						480.8						215.1						382.6						484.3						206.1
Segment Adjusted EBITDA			$	226.3					$	253.6					$	68.9					$	194.5					$	215.1					$	74.9

(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 income (loss) from continuing operations before income taxes, for the periods presented:

			Three Months Ended June 30,												Six Months Ended June 30,
(in millions)			2025						2024						2025						2024
Adjusted EBITDA by segment
Americas			$	115.5					$	112.4					$	226.3					$	194.5
EMEA			133.6						105.7						253.6						215.1
APAC			31.8						34.9						68.9						74.9
Total segment Adjusted EBITDA			280.9						253.0						548.8						484.5
Adjustments to reconcile to income (loss) from continuing operations before income taxes:
Corporate expenses not allocated to segments			(66.0)						(67.3)						(145.2)						(145.2)
Depreciation and amortization			(153.8)						(142.7)						(302.3)						(293.2)
Interest expense, net			(95.2)						(107.0)						(178.7)						(213.9)
Transformation program costs(1)			(12.5)						(15.7)						(18.1)						(27.6)
GfK integration costs(2)			(1.9)						(19.8)						(16.6)						(36.0)
Acquisitions and transaction related costs(3)			(2.9)						(3.1)						(8.3)						(5.7)
Foreign currency exchange gain (loss), net			57.4						(1.0)						89.4						(14.1)
Nonoperating items, net(4)			6.4						(27.7)						(10.2)						(31.0)
Share-based compensation expense			(1.5)						(0.7)						(2.8)						(1.9)
Impairment of long-lived assets			(0.4)						(27.3)						(1.1)						(27.3)
Net income attributable to noncontrolling interests			1.9						0.7						3.8						1.9
Other operating items, net(5)			(0.8)						0.1						4.4						(0.2)
Income (loss) from continuing operations before income taxes			$	11.6					$	(158.5)					$	(36.9)					$	(309.7)

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

(2) GfK integration costs include employee separation costs as further discussed in Note 11. "Restructuring Activities", as well as additional costs for consulting fees and integration associated with the GfK Combination.

(3) 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.

(4) 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 and (vi) other nonoperating expenses. See Note 14. "Nonoperating income (expense), net for further information on these adjustments.

(5) 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:

			June 30, 2025						December 31, 2024
Germany			28		%				26		%
United States			20		%				23		%
United Kingdom			10		%				9		%

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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-Topic 280
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-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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