On August 3, 2026, we acquired Full Swing, a leading sports technology company with patented hardware and integrated software used by consumers, competitive athletes, coaches, and commercial venues, for $536 million in cash paid at closing, subject to customary purchase price adjustments.


	August 3, 2026
	(in millions)
Cash and cash equivalents	$	4
Receivables, net	46
Other current assets	34
Intangible assets, net	204
Accounts payable	(10)
Deferred revenue	(23)
Deferred income taxes	(34)
Other, net	(8)
Fair value of identifiable net assets acquired	$	213
Goodwill	323
Total	$	536

This acquisition was accounted for as a business combination and the results of operations for Full Swing have been included in our consolidated results of operations since the acquisition date and did not have a material impact on the Company’s revenue or net income for the three and nine months ended September 30, 2026.

The estimated fair values of assets acquired and liabilities assumed are preliminary and subject to change upon finalization of the valuation, which primarily relates to intangible assets. The preliminary fair values of intangible assets consist of developed technology of $78 million, tradenames of $65 million and customer relationships of $61

million, which are being amortized on a straight-line basis over their estimated useful lives of between 5 and 15 years. The excess of the purchase price over the aggregate fair value of the identifiable assets acquired was recorded as goodwill and is primarily attributable to assembled workforce and anticipated operating synergies following the acquisition. Goodwill is not expected to be deductible for tax purposes.

During the nine months ended September 30, 2026, we acquired businesses with aggregate purchase consideration of $215 million, which included cash of $170 million and estimated contingent consideration of approximately $44 million, which is presented within accrued expenses and other current liabilities and other noncurrent liabilities in our condensed consolidated balance sheet. The preliminary purchase price allocation resulted in approximately $193 million of non-tax deductible goodwill and $30 million of amortizable intangible assets, subject to finalization of the related valuations. The related financial results have been included in our condensed consolidated financial statements from their respective acquisition dates and did not have a material impact on the Company’s revenue or net income for the three and nine months ended September 30, 2026.

During the second quarter of 2026, we completed the sale of our SportsEngine business with an aggregate sale price totaling $143 million, subject to customary adjustments. As of December 31, 2025, the assets and liabilities associated with SportsEngine met the criteria to be classified as held for sale. Assets held for sale were primarily comprised of goodwill of $149 million, property and equipment of $17 million and intangible assets of $14 million. Liabilities held for sale of $18 million were included within other current liabilities in our combined balance sheets. During the nine months ended September 30, 2026, we recognized pre-tax losses of $39 million in connection with the divestiture, which were recorded within depreciation and amortization expense in our condensed consolidated statement of operations.