Mobility Global Inc. (NYSE:MBGL) shares advanced 2.81% on Thursday after the automotive data and analytics company reported third-quarter revenue growth and raised its full-year 2026 adjusted EBITDA guidance.
For the quarter, revenue increased 7.4% to $478 million from $445 million a year earlier, while adjusted earnings per share reached $0.40.
Adjusted EBITDA rose 2% year over year to $195 million, representing a margin of approximately 41%.
However, net income under generally accepted accounting principles (GAAP) declined 41% to $42 million from $71 million in the previous year, primarily reflecting additional costs associated with operating as an independent publicly traded company and higher interest expenses.
CARFAX and B2B Segments Report Revenue Growth
Both of Mobility Global’s operating segments recorded higher revenue during the quarter.
CARFAX revenue increased 8% to $313 million, while the business-to-business (B2B) segment reported a 6% increase to $164 million.
“Our first full quarter as a standalone public company was a solid one, with growth stepping up from the first half across both segments,” said Chief Executive Bill Eager.
“We believe our strong cash generation enables us to invest in these priorities while returning capital to shareholders through our dividend and share repurchase program,” he added.
Mobility Global Increases FY2026 Adjusted EBITDA Forecast
The company raised its full-year 2026 adjusted EBITDA guidance to between $750 million and $760 million, compared with its previous forecast of $745 million to $760 million.
The midpoint of the updated range is $755 million, representing an increase from the previous midpoint of $752.5 million.
Mobility Global maintained its annual revenue guidance of $1.87 billion to $1.88 billion, broadly in line with the analyst consensus estimate of $1.87 billion.
Company Authorizes $800 Million Share Repurchase Program
Mobility Global’s board approved an $800 million share repurchase program in October, with purchases expected to begin before the end of 2026.
The company plans to repurchase between $350 million and $450 million of its shares through the end of 2027.
Mobility Global also declared a quarterly dividend of $0.06 per share as part of its shareholder capital return programme.