Key Highlights

● Second-quarter revenue rose 7 per cent year over year to $468 million.

● Adjusted EBITDA rose 7 per cent to $202 million, a 43 per cent margin.

● Net income fell 18 per cent to $53 million, or $0.18 per diluted share.

● The company initiated a quarterly dividend of $0.06 per share.

Mobility Global (NYSE:MBGL) is an automotive data and analytics company that began trading as an independent business on the New York Stock Exchange under the ticker MBGL on 1 July 2026, after S&P Global Inc. completed its separation. S&P Global shareholders of record on 15 June 2026 received one Mobility Global share for each S&P Global share held. The group's brands include CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, and it reports two segments: CARFAX, and a business-to-business unit. Bill Eager is chief executive, Matt Calderone chief financial officer and Joe Hinrichs chairman. Because the company has only just listed, its financial history is presented on a carve-out basis for the first half of 2026, which readers should bear in mind when comparing periods, and the reported figures below come from the company's own earnings release.

Second-quarter results of 7 August 2026

Mobility Global published second-quarter results on 7 August 2026, covering the quarter ended 30 June. Revenue was $468 million, up 7 per cent, with subscription revenue of $383 million. Operating profit fell 15 per cent to $82 million and net income fell 18 per cent to $53 million, or $0.18 per diluted share, compared with $0.22 a year earlier. Adjusted EBITDA, a non-GAAP measure, rose 7 per cent to $202 million, a margin of 43 per cent. CARFAX revenue was $312 million, up 8 per cent, with an adjusted EBITDA margin of 49 per cent, while the B2B segment generated $156 million, up 4 per cent, at a 34 per cent margin. Free cash flow was $129 million, down 21 per cent, and operating cash flow was $135 million. For the first six months, revenue was $923 million, up 7 per cent, net income was $108 million, down 12 per cent, and adjusted EBITDA was $386 million, a 42 per cent margin. The divergence between rising adjusted EBITDA and falling statutory profit is an item to examine in the filing.

Guidance, debt and dividend

For the full year 2026, management guided to revenue of $1,870 million to $1,885 million, growth of 6.9 to 7.7 per cent, and adjusted EBITDA of $745 million to $760 million, a margin of around 40 per cent. The company said this guidance combines carve-out results for the first half with consolidated results for the second half. The balance sheet changed materially with the separation: long-term debt stood at $1,981 million at 30 June 2026, following senior notes proceeds of $1,986 million, against none at the end of 2025, while cash was $186 million. Goodwill of $8,845 million and other intangibles of $3,640 million made up most of the $13,060 million of total assets, so impairment risk is worth monitoring. It initiated a quarterly dividend of $0.06 per share, with a record date of 27 August 2026 and payment on 10 September 2026. It highlighted product launches, including CARFAX Homegrown and CARFAX Showroom, and an expansion of CARFAX into Germany.

A New Debt Load Follows a Debt-Free Carve-Out

Mobility Global reported its first results as an independent company after separating from S&P Global on 1 July 2026, with CARFAX and its B2B automotive data unit both growing revenue even as operating profit and net income fell, a divergence from rising adjusted EBITDA worth examining in the filing. The balance sheet changed sharply with the separation, moving from no debt at the end of 2025 to $1,981 million of long-term debt after a senior notes offering, so integrating standalone corporate functions while servicing new debt is the central task for a company still building its independent reporting record.