Mobility Global raises 2026 EBITDA forecast, authorizes $800 million buyback

Mobility Global (MBGL) raised the midpoint of its full-year 2026 adjusted EBITDA forecast and authorized an $800 million share repurchase program alongside third-quarter results.

Revenue rose 7.4% to $478 million from $445 million a year earlier. It was the company's first full quarter as a standalone public company.

Here's how the company did:

• Revenue: $478 million vs. $445 million a year earlier
• Adjusted EBITDA: $195 million vs. $191 million a year earlier
• Adjusted diluted EPS: 40 cents per share vs. 44 cents a year earlier
• Net income: $42 million vs. $71 million a year earlier

The decline in net income reflects standalone public company costs, included in results for the first time this quarter.

Guidance and capital returns

The company raised the midpoint of its 2026 adjusted EBITDA guidance to $750 million to $760 million, from $745 million to $760 million. It kept full-year revenue growth guidance at 6.9% to 7.7% and expects an adjusted EBITDA margin of about 40%.

Chief Executive Officer Bill Eager said, "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."

The board authorized the $800 million repurchase program in October. The company expects to begin buying back shares before the end of 2026 and to repurchase $350 million to $450 million of stock by the end of 2027.

The company paid its first quarterly cash dividend of 6 cents per share and declared another 6 cents per share, payable Dec. 14 to shareholders of record at the close of business on Nov. 30. The annualized rate is 24 cents per share.

Segment results

CARFAX revenue rose 8% to $313 million from $291 million a year earlier. B2B revenue rose 6% to $164 million from $154 million.

Organic constant currency revenue grew 7.6%, a step up from the first half.

Free cash flow rose to $186 million from $136 million a year earlier. Adjusted EBITDA margin was 41%, compared with 43% a year earlier.