Revenues up 7% at Mobility Global, parent to Carfax, Market Scan & others
Image courtesy of Mobility Global.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
Mobility Global Inc., which launched as an independent public company on July 1, has released its financial results for the second quarter ending June 30.
The company — whose core brands include IHS Markit, Polk, automotiveMastermind, Market Scan and Carfax — pulled in revenues of $468 million in the second quarter, a 7% year-over-year increase.
Subscription revenues were up 7% at $383 million, non-subscription revenues climbed 5% at $85 million.
The Carfax segment of the business saw revenue climb 8% at $312 million. The company’s B2B segment revenue was up 4% at $156 million.
Net income was $53 million, down 18% year-over-year, with net income margins down 27% at 11%.
“Mobility Global delivered second quarter results that reflected continued progress across our businesses during the final stages of our spin-off, and successfully launched as an independent public company on July 1,” Mobility Global CEO Bill Eager said in a news release. “We are moving with speed and focus to create One Mobility Global, deploy AI to fundamentally transform our workflows, and strengthen our market position.
Subscribe to Auto Remarketing to stay informed and stay ahead.
By subscribing, you agree to receive communications from Auto Remarketing and our partners in accordance with our Privacy Policy. We may share your information with select partners and sponsors who may contact you about their products and services. You may unsubscribe at any time.
“During the quarter and into July, we advanced our product and market strategy through the launches of CARFAX Homegrown and CARFAX Showroom, a new B2B solution within automotiveMastermind, and the expansion of CARFAX into Germany,” Eager said. “We see clear opportunities ahead and are focused on strengthening our go-to-market execution, accelerating product adoption, and building momentum into 2027.”
