v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Our segment disclosure is intended to provide the users of our condensed consolidated financial statements with a view of the business that is consistent with management of the Company.
We manage our business and report our financial results through the following two segments:
•North America offers Finance & Risk and Sales & Marketing data, analytics and business insights in the United States and Canada; and
•International offers Finance & Risk and Sales & Marketing data, analytics and business insights directly in the U.K., Europe, Greater China and India and indirectly through our WWN alliances.
Our chief operating decision maker ("CODM"), who is our Chief Executive Officer, uses adjusted EBITDA as the primary profitability measure for making decisions regarding ongoing operations. We define adjusted EBITDA as net income (loss) attributable to Dun & Bradstreet Holdings, Inc. excluding the following items: (i) depreciation and amortization; (ii) interest expense and income; (iii) income tax benefit or provision; (iv) other non-operating expenses or income; (v) equity in net income of affiliates; (vi) net income attributable to non-controlling interests; (vii) equity-based compensation; (viii) restructuring charges; (ix) merger and acquisition-related operating costs; (x) transition costs primarily consisting of non-recurring expenses associated with transformational and integration activities; and (xi) other adjustments include non-recurring charges such as legal expense associated with significant legal and regulatory matters and impairment charges.
A reconciliation of Segment Adjusted EBITDA to Net income (loss) attributable to Dun & Bradstreet Holdings, Inc. for the periods presented is as follows:

Three months ended March 31,
 20252024
Segment Revenue:
North America$398.0 $386.6 
International181.8 177.9 
Consolidated total$579.8 $564.5 
Segment Operating Costs:(1)
North America$231.8 $234.5 
International121.3 113.6 
Consolidated total$353.1 $348.1 
Segment Adjusted EBITDA:
North America$166.2 $152.1 
International60.5 64.3 
Consolidated total$226.7 $216.4 
Reconciliation of Adjusted EBITDA:
Segment adjusted EBITDA
$226.7 $216.4 
Other EBITDA - Corporate and Other
(15.8)(15.1)
Consolidated total adjusted EBITDA
$210.9 $201.3 
Depreciation and amortization(144.7)(144.0)
Interest expense - net(51.4)(83.7)
Other income (expense) - net
1.3 0.1 
Equity-based compensation(14.7)(17.9)
Restructuring charges(2.9)(3.4)
Merger, acquisition and divestiture-related operating costs(2.5)(0.2)
Transition costs (2)
(9.6)(17.4)
Other adjustments (3)
(1.2)(1.8)
Income (loss) before income tax provision and equity in net income of affiliates$(14.8)$(67.0)
Benefit (provision) for income taxes(0.4)44.2 
Equity in net income of affiliates0.4 0.9 
Net income (loss) attributable to non-controlling interest(1.0)(1.3)
Net income (loss) attributable to Dun & Bradstreet Holdings, Inc.$(15.8)$(23.2)
(1)Segment operating costs primarily include personnel costs, cloud infrastructure costs and data acquisition costs. Our CODM uses consolidated expense information to manage operations.
(2)Transition costs primarily consisting of non-recurring expenses associated with investments to transform our technology and back-office infrastructure, including investment in the architecture of our technology platforms and cloud-focused infrastructure. The transformation efforts require us to dedicate separate resources in order to develop the new cloud-based infrastructure in parallel with our current environment.
(3)Adjustments were primarily related to legal fees associated with ongoing legal matters discussed in Note 17 and impairment charges.

Other Selected Segment Financial Information:

Three months ended March 31,
 20252024
Depreciation and amortization by segment:
North America$33.2 $25.5 
International7.3 5.8 
            Total segments40.5 31.3 
       Corporate and other (1)
104.2 112.7 
Consolidated total$144.7 $144.0 
Cash paid for capital expenditures by segment:
Capital expenditures:
North America$0.4 $0.4 
International1.3 0.9 
           Total segments1.7 1.3 
        Corporate and other0.1 — 
Consolidated total$1.8 $1.3 
Additions to computer software and other intangibles:
North America$26.1 $47.3 
International6.0 8.2 
           Total segments32.1 55.5 
        Corporate and other12.8 0.9 
Consolidated total$44.9 $56.4 

(1)Depreciation and amortization for Corporate and other includes incremental amortization resulting from the application of purchase accounting in connection with historical merger and acquisition transactions.

Supplemental Geographic and Disaggregated Revenue Information:
March 31,
2025		December 31,
2024
Assets:
    North America$7,210.8 $7,315.9 
    International1,534.2 1,439.8 
Consolidated total$8,745.0 $8,755.7 
Goodwill:
    North America$2,929.6 $2,929.6 
    International515.4 480.2 
Consolidated total$3,445.0 $3,409.8 
Other intangibles:
    North America$3,047.2 $3,124.3 
    International387.8 382.5 
Consolidated total$3,435.0 $3,506.8 
Other long-lived assets: (1)
    North America$975.4 $964.2 
    International234.7 221.6 
Consolidated total$1,210.1 $1,185.8 
Total long-lived assets (1)
$8,090.1 $8,102.4 
(1)Excludes deferred income tax of $4.5 million and $2.9 million as of March 31, 2025 and December 31, 2024, respectively, included within "Other non-current assets" in the condensed consolidated balance sheet. See Note 11 for additional details.

Three months ended March 31,
Disaggregated Revenue:(1)
20252024
 
North America:(2)
    Finance & Risk$216.6 $208.1 
    Sales & Marketing 181.4 178.5 
Total North America$398.0 $386.6 
International:
    Finance & Risk$122.8 $120.0 
    Sales & Marketing 59.0 57.9 
Total International$181.8 $177.9 
Total Revenue:
    Finance & Risk$339.4 $328.1 
    Sales & Marketing240.4 236.4 
Total Revenue$579.8 $564.5 
(1)Our client solution sets are Finance & Risk and Sales & Marketing. Inter-segment sales are immaterial, and no single client accounted for 10% or more of our total revenue.
(2)Substantially all of the North America revenue is attributable to the United States.